Kotak Mahindra Mutual Fund has launched a new open-ended fund named Kotak BSE PSU Index Fund. The objective of this scheme is to provide returns that mirror the total returns of the underlying index, BSE PSU TRI, before accounting for expenses. There is no guarantee that the scheme will achieve its objective. The minimum investment …
DSP Mutual Fund has filed a draft with SEBI for its latest offering: the DSP Nifty Top 10 Equal Weight Index Fund. This open-ended scheme aims to replicate or track the Nifty Top 10 Equal Weight Index, providing investors with a unique opportunity for long-term capital growth. Key Features of the Scheme Investment Objective This …
In June 2024, the mutual fund industry exhibited notable changes in inflows and outflows across various schemes. The AMFI released mutual fund data for June 2024 revealing significant movements, particularly in debt-oriented and equity-oriented schemes. Assets under management (AUM) of the mutual fund industry rose to hit Rs 60.89 lakh crore in June, data showed. …
Edelweiss Business Cycle Fund is an open-ended equity thematic mutual fund launched by Edelweiss Mutual Fund. The fund aims for long-term capital appreciation by investing in equity and equity-related securities. The fund managers will strategically allocate and rotate investments across sectors based on their position in the business cycle to potentially minimize volatility. The New …
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund is an Open-Ended mutual fund scheme launched by Mirae Asset Mutual Fund on July 8th, 2024. The scheme aims to provide long-term capital appreciation by investing in units of Mirae Asset Nifty200 Alpha 30 ETF. The New Fund Offer closes on July 22nd, 2024 and requires …
SBI Mutual Fund launched a new Exchange Traded Fund (ETF) named SBI Nifty50 Equal Weight ETF. This open-ended scheme invests in stocks that replicate the Nifty 50 Equal Weight Index. The minimum investment amount is Rs. 5,000. The new fund offer will be open for subscription from July 8th, 2024 to July 12th, 2024. Investment …
The Securities and Exchange Board of India (SEBI) has introduced new regulations aimed at enhancing the ease of doing business for Mutual Funds (MFs). This article delves into the key aspects of SEBI’s circular dated July 8, 2024, which streamlines prudential norms for passive schemes regarding exposure to securities of group companies of the sponsor …
Franklin Templeton Mutual Fund introduces the Franklin India Multi Cap Fund, an open-ended equity scheme designed to generate long-term capital appreciation. This fund invests in a diversified portfolio of equity and equity-related securities across large-cap, mid-cap, and small-cap companies. Although the fund aims for substantial long-term growth, there is no assurance that the investment objective …
The Tata Nifty India Tourism Index Fund is an open-ended index fund launched by Tata Mutual Fund on July 8th, 2024. The scheme aims to track the performance of the Nifty India Tourism Index (TRI), but there is no guarantee that it will achieve its objective. Investors can enter the fund with a minimum subscription …
ICICI Prudential Nifty Oil & Gas ETF is an open-ended Exchange Traded Fund (ETF) launched by ICICI Prudential Mutual Fund on July 8th, 2024. The scheme aims to track the performance of the Nifty Oil & Gas TRI, an index that reflects the performance of companies in the oil and gas sector of the Indian …
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