Indian markets gained nearly 1% in intraday trading today, marking the eighth consecutive session of gains. This positive momentum came after U.S. Federal Reserve Chair Jerome Powell suggested a potential interest rate cut next month, which boosted investor sentiment. Speaking at the Jackson Hole Symposium in Wyoming, Powell said, “The direction is clear, and the …
Baroda BNP Paribas Mutual Fund has launched a new open-ended equity scheme: Baroda BNP Paribas Dividend Yield Fund. The New Fund Offer (NFO) opened on August 22, 2024, and will close on September 05, 2024. The minimum subscription amount has been set at ₹1,000 as per the scheme information deed (SID). Investment Objective The investment …
– One of the leading asset management companies in India, Axis Mutual Fund, will launch a new open-ended equity scheme -Sectoral/ Thematic, Axis Consumption Fund—on August 23, 2024. The New Fund Offer (NFO) will close on September 06, 2024, and the minimum subscription amount has been set at ₹100 as specified in the Scheme Information …
As the largest value fund in India by Closing Assets Under Management (AUM), the ICICI Prudential Value Discovery Fund has successfully completed 20 years of wealth creation and investor trust. This fund has become a beacon of value investing in the Indian market, and its journey over the past two decades stands as a testament …
When it comes to mutual funds, performance is key. The Quant Focused Mutual Fund has made headlines with its staggering returns, turning an initial NAV of Rs 10 into a remarkable Rs 94. That’s a jaw-dropping gain of over 800% since its inception in 2008. But what exactly has fueled this impressive growth? Let’s dive …
White Oak Capital Mutual Fund has taken a significant step in enhancing its investment offerings by filing the necessary documents with the Securities and Exchange Board of India (SEBI) to launch the Digital Bharat Fund. This new open-ended equity scheme aims to tap into the booming technology sector in India, focusing on companies that are …
Introduction to WhiteOak Capital Arbitrage Fund WhiteOak Capital Mutual Fund has unveiled its latest offering, the WhiteOak Capital Arbitrage Fund, designed to capitalize on arbitrage opportunities within the equity markets. This open-ended scheme offers a strategic blend of equity, debt, and money market instruments, aimed at generating returns with minimal risk. The New Fund Offer …
The ICICI Prudential Bluechip Mutual Fund stands out as a reliable choice for investors looking to tap into the potential of large-cap stocks. In this blog, we’ll delve into the fund’s key features, its portfolio strategy, and why it might be a suitable option for your long-term financial goals. Understanding the ICICI Prudential Bluechip Mutual …
The taxation of debt mutual funds underwent significant changes on April 1, 2023, and July 23, 2024. Prior to these changes, long-term capital gains (LTCG) from debt mutual funds were taxed at 20% with indexation benefits. However, the recent amendments have eliminated indexation benefits and made LTCG from debt mutual funds taxable at the applicable …
Defence sector mutual funds, both active and passive, have experienced a decline of up to 5% in the past month, with an average negative return of approximately 4.04%. Even the benchmark Nifty India Defence – TRI has lost 5.13% during the same period. Motilal Oswal Nifty India Defence Index Fund, a passive Defence fund launched …
