Mutual funds
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Mutual Fund
Mutual Funds India Bought 9 New Stocks
Mutual Funds India added Global Health & DCX Systems and Tracxn Tech This fiscal year, the number of investors who wanted to buy equity mutual funds kept going up. And October was no different. During the month, 9,390.35 crore went into equity-oriented schemes, which meant that they did better than other mutual fund schemes. In October, more than 13,000 crore was put…
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Mutual Fund
Edelweiss mutual fund introduces three passive equity index products
Edelweiss launches 3 passive equity index funds Edelweiss Asset Management Limited, one of the most successful asset management companies in India, recently announced the launch of three new fund offerings (NFOs) in the equities passive category. The Edelweiss Nifty Next 50 Index Fund, Edelweiss Nifty Midcap 150 Momentum 50 Index Fund, and Edelweiss Nifty Smallcap 250 Index Fund are examples…
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Investments
HDFC Mutual Funds Introduces Nifty ETFs for IT & Private Banks
Nifty Sectoral ETFs by HDFC Mutual Funds HDFC Asset Management Co. Ltd. has just announced the introduction of two exchange-traded funds (ETFs), namely the Nifty IT ETFs and the Nifty Private Bank ETFs. These funds provide an easy and undemanding approach to obtain exposure to the expanding information technology and private bank spaces. The new fund offers became available for…
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Top News
Samir Arora gets Sebi’s nod to start a mutual fund business
Samir Arora today announced that his PMS firm Helios Capital has now got the in-principle nod to start the mutual fund business in India. “I am very pleased to share that Sebi has granted Helios Capital in-principle approval to sponsor Helios Mutual Fund. We deeply respect this approval and will work hard to offer mutual funds for retail investors,…
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Mutual Fund
Axis Mutual Fund launches Axis Silver ETF and Axis Silver Fund of Fund
Axis MF is pleased to announce the introduction of the Axis Silver ETF as well as the Axis Silver Fund of Funds. Axis Mutual Fund has announced the launch of Axis Silver ETF (an open ended scheme replicating/tracking domestic price of Silver) and Axis Silver Fund of Fund (an open ended fund of fund scheme investing in units of Axis…
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Mutual Fund
Union AMC launches Union Retirement Fund, NFO opens this week
The Union AMC announces the launch of the Union Retirement Fund. It is an open-ended retirement solution-oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). The New Fund Offer (NFO) of the scheme will open this week on Thursday, September 1st, 2022, and close on September 15th, 2022. The minimum investment required is ₹1,000…
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Mutual Fund
This tax saver mutual fund managed by Neelesh Surana has tripled money in 7 yrs
Mirae Asset Tax Saver Fund is an open-ended equity-linked saving scheme with a statutory lock-in of 3 years and tax benefits. The fund invests a minimum of 80% of its total assets in equity and equity-related securities of companies across industry sectors and market cap segments. The fund can also invest 0-20% of its total assets in money market instruments,…
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Mutual Fund
More adoption will grow passive MF industry
Passive investing, which is the most basic form of putting one’s money in MFs, aims to mirror the index and not beat it. From ₹50,000 crores in assets under management (AUM) in 2017, when the overall mutual fund industry stood at ₹20 trillion, the share of passive funds’ AUM has grown to around ₹6 trillion today. Speaking at the Mint…
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Top News
DIIs have left FIIs behind in the last 7 years so Who’s the biggest bull?
A report shows that, led by the rising popularity of mutual funds, domestic institutional investor (DIIs) flows have outpaced foreign institutional investor (FII) flows over the last seven years. “DII ownership of Indian equities increased to 14.2 percent in June 2022 from 10.9 percent in June 2012, while FII ownership diminished to 18.4 percent in June 2022 from 22.5 percent…
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Mutual Fund
ICICI Prudential Mutual Fund to launch PSU equity fund
ICICI Prudential Mutual Fund is scheduled to launch a PSU equity fund on Tuesday, an open-ended equity scheme that will predominantly invest in equity and equity-related instruments of public sector units. The scheme may invest in sectors or stocks that form a part of the S&P BSE PSU Index. The new fund offer (NFO) of ICICI Prudential PSU Equity Fund…
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