Union Mutual Fund has extended the New Fund Offer (NFO) period for its Union Short Duration Fund- Direct Plan, giving investors an extra day to participate. Originally set to close on January 28, 2025, the NFO will now conclude on January 29, 2025. Investment Objective and Strategy The Union Short Duration Fund is an actively …
DSP Mutual Fund has announced an income distribution under the IDCW option for passive mutual fund schemes, with the record date set as January 30, 2025. Here is the list of mutual fund schemes along with the amount of income distribution announced: Schemes Distribution (₹/unit) DSP Nifty 50 Equal Weight Index Direct-IDCW 1.1 …
Kotak Mahindra Asset Management Company has introduced the Kotak MSCI India ETF, India’s first exchange-traded fund (ETF) tracking the MSCI India Index. The new fund offer (NFO) opened for public subscription on January 29, 2025, and will close on February 12, 2025. Continuous trading of the ETF is expected to begin on or before February …
Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2028 Index Fund is a target maturity index fund that invests in quality debt securities. The fund tracks the CRISIL-IBX AAA NBFC-HFC Index – Jun 2028, focusing on bonds issued by non-banking financial companies (NBFCs) and housing finance companies (HFCs) rated AAA. Investment Objective The scheme aims to …
The Axis CRISIL-IBX AAA Bond NBFC – Jun 2028 Index Fund is an open-ended target maturity index fund. It invests in AAA-rated bonds issued by non-banking financial companies (NBFCs) and aims to track the CRISIL-IBX AAA NBFC Index – Jun 2028. The fund has a defined maturity of June 30, 2028. Investment Objective The fund’s …
The Axis Nifty AAA Bond Financial Services – Mar 2028 Index Fund is an open-ended target maturity index fund. It passively tracks the Nifty AAA Financial Services Bond Mar 2028 Index, aiming to replicate its performance before fees and expenses. The fund is for investors with moderate interest rate risk tolerance and low credit risk …
Aditya Birla Sun Life Mutual Fund has announced modifications to its scheme, Aditya Birla Sun Life Active Debt Multi-Manager FOF, effective March 3, 2025. These changes include a name change, an updated investment strategy, a revised asset allocation, and adjustments to its benchmark and risk profile. Here’s everything you need to know: Scheme Name and …
TP Solar Ltd, a subsidiary of Tata Power Renewable Energy Ltd (TPREL), has been awarded a ₹455 crore contract by Maharashtra State Power Generation Company Ltd (MSPGCL). The contract involves the supply of 300 MWp ALMM-certified solar modules under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 project. These modules are expected to be delivered …
In recent years, exchange-traded funds (ETFs) have gained significant popularity among Indian investors. With a more dynamic financial landscape and increased access to international markets, ETFs provide an affordable and straightforward way to build a diversified portfolio. They are favoured by both retail and institutional investors for their ability to track a variety of indices …
The mutual fund (MF) industry in India has witnessed remarkable growth in direct plan investments. According to a recent analysis of December 2024 data, direct plans now constitute 46% of the total mutual fund assets, amounting to a staggering ₹31.86 lakh crore. This blog provides an overview of the top fund houses excelling in direct …
