Mutual funds
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Mutual Fund
Whiteoak Capital Mutual Fund launches Mid Cap and Tax Saver Fund
Whiteoak Capital Mutual Fund (MF) on Wednesday announced the launch of two new fund offers (NFOs) – ‘Whiteoak Capital Mid Cap Fund’ and ‘Whiteoak Capital Tax Saver Fund’. While the NFO for the Mid Cap fund closes on 30th August 2022, the Tax Saver Fund NFO will continue till 23rd September 2022. These are open-ended equity schemes, with the Mid…
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Mutual Fund
HDFC Mutual Fund launches silver ETF
HDFC Asset Management Company Ltd. has launched a silver exchange-traded fund (ETF), an open-ended scheme that will replicate or track the performance of the precious metal. The new fund offer (NFO) for HDFC Silver ETF opened for subscription on August 18 and will close on August 26. The fund manager of the scheme is Bhagyesh Kagalkar. According to the…
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Mutual Fund
IPRU MF Value Discovery Fund turns Rs10 lakh into Rs2.5 crore in 18 years
ICICI Prudential Value Discovery Fund, which recently completed 18 years, has turned a lump sum investment of ₹10 lakh at the time of inception into ₹2.5 crore, showing a compounded annual growth rate (CAGR) of 19.7%. A similar investment in the Nifty 50 index would have yielded a CAGR of 15.6% at ₹1.3 crores. The ICICI Prudential Value Discovery Fund,…
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Mutual Fund
Jupiter introduces no-penalty SIP for mutual fund investments
Jupiter, the neo-banking and financial services platform has entered the investment space with its first offering—zero-commission direct mutual fund investments with a no-penalty systematic investment plan (SIP). The no-penalty SIP feature is a first in the Indian industry. Banks typically charge between ₹250 and ₹750 as a penalty each time a SIP auto-pay mandate fails due to an insufficient balance…
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Bonds
MFs likely to add duration to debt portfolios
The debt mutual funds are set to buy more long-duration bonds for the first time in the past 18 months after the Reserve Bank of India Friday raised the benchmark rate by 50 basis points. Top fund houses ET spoke with said banks would now find it attractive to buy into debt, which could outpace equities in rewarding investors now.…
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Mutual Fund
WhiteOak Capital MF collects ₹550 crores from its maiden equity fund
Whiteoak Capital Asset Management has collected nearly 550 crores during the new fund offer (NFO) period of its maiden equity fund, Whiteoak Capital Flexicap Fund. This is an open-ended dynamic equity scheme investing across large-, mid-, and small-cap stocks. The NFO was open from July 12 to July 26. The fund aims to build an active, well-diversified portfolio, representing a cross-section…
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Mutual Fund
IEX, and Tata Comm were among the top 10 midcap stocks bet by mutual funds last month
Mutual fund houses added midcap stocks that included IDFC First Bank Ltd, HDFC Asset Management Company (AMC), Tata Communications Ltd, Indian Energy Exchange Ltd (IEX), Bata India, Motherson Sumi Wiring India, Laurus Labs, Page Industries, Petronet LNG, and Prestige Estates Projects Ltd in the month of June, as per the monthly data compiled by a domestic brokerage and research firm,…
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Mutual Fund
Kotak Mutual Fund launches smart facility for SIP, STP, SWP
Kotak Mutual Fund on Monday announced the launch of the smart facility for SIP, STP and SWP. With this, investors’ instalment (in case of SIP/STP) or withdrawal (in case of SWP) varies based on market valuation. The facility is available for all open-ended equity schemes, equity index funds and Kotak Equity Hybrid Fund. The Smart SIP considers valuations and makes…
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Mutual Fund
Equity mutual fund inflows slump 43% to ₹8,898 crore in July: Amfi
Investments in open-ended equity mutual funds crashed 43% sequentially to 8,898.25 crore in July due to persistent concerns over rising inflation and interest rate hikes. Equity mutual funds recorded positive net inflows for the 17th straight month in July, but inflows have been falling for the past three months, as per data issued by the Association of Mutual Funds in India…
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Mutual Fund
New to SIPs? 6 key things you can do to earn more returns
If you are looking to invest in mutual funds, you may as well start by deciding between putting money through systematic investment plans (SIPs) and parking lump sum money in them. Ignorance regarding mutual funds and the benefits of investing in them has caused many investors to inquire if choosing mutual fund investments to create wealth is worth the risk.…
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