The Securities and Exchange Board of India (SEBI) recently issued a settlement order concerning Canara Robeco Asset Management Company Ltd. This article will explain the background of the issue, the allegations made by SEBI, and how the matter was resolved. Background and Allegations Initiation of Proceedings SEBI initiated adjudication proceedings against Canara Robeco Asset Management …
A surge in Sectoral and Thematic Fund Inflows The Association of Mutual Funds of India (AMFI) released data on June 10, revealing a significant inflow of Rs 19,213 crore in the sectoral and thematic fund category for May. This surge was primarily driven by the new fund offer (NFO) of HDFC Manufacturing Fund, which played …
SBI Mutual Fund is an Indian asset management company introduced by the State Bank of India (SBI) and incorporated in 1987 with its corporate head office located in Mumbai, India. The fund house currently oversees 116 mutual fund schemes, comprising 44 equity schemes, six hybrid schemes, 57 debt schemes, two commodity-based schemes, and seven other …
The Parag Parikh Flexi Cap Fund – Growth Plan has delivered remarkable returns since its inception on May 28, 2013. Investors who started a Systematic Investment Plan (SIP) of Rs 10,000 per month have seen their investment grow to Rs 43.50 lakh over 11 years, achieving an impressive annualised return of 20.20%. This performance raises …
Baroda BNP Paribas Manufacturing Fund is an open-ended equity scheme that invests in companies engaged in the manufacturing sector launched by Baroda BNP Paribas Mutual Fund. This scheme is suitable for investors seeking long-term capital appreciation through investments in equity and equity-related securities of manufacturing companies. The New Fund Offer (NFO) for this scheme opens …
Tata Mutual Fund is launching a new closed-end fixed maturity plan (FMP) called Tata Fixed Maturity Plan Series 61 Scheme C (91 days). This scheme aims to generate income and potentially capital appreciation by investing in fixed-income instruments maturing within 91 days. There is no guarantee of achieving the investment objective or returns. The investment …
Aditya Birla Sun Life Quant Fund is an open-ended equity scheme that invests in equity and equity-linked instruments based on a quantitative model for long-term capital appreciation. The scheme comes with a risk profile similar to the Nifty 200 TRI index. Investors unsure about the suitability of this product for their goals should consult a …
Kotak Special Opportunities Fund is an open-ended equity thematic scheme that aims for long-term capital appreciation by investing in companies undergoing special situations like specific events, restructuring, policy changes, technological disruptions, or temporary challenges launched by Kotak Mutual Fund. The scheme benchmarks its performance against the Nifty 500 TRI. There is no exit load if …
The Association of Mutual Funds of India (AMFI) released data for May 2024, highlighting significant trends and shifts in the mutual fund industry. Here are some crucial takeaways from the latest figures: Record-Breaking Equity Mutual Fund Inflows Equity mutual fund inflows surged by an impressive 83.42% month-on-month to a record high of Rs 34,697 crore …
In this article, we will explore what these funds are, how they work, and who should consider investing in them. Let’s dive in. What Are Special Situations Funds? Special Situations Funds are a type of investment fund that focuses on taking advantage of unique opportunities that arise due to specific events affecting a company. These …
