News

Motilal Oswal Mutual Fund introduced four new Index Funds Motilal Oswal Mutual Fund (MOMF) has announced launch of four index funds ‘Motilal Oswal Nifty MidSmall Healthcare Index Fund’, ‘Motilal Oswal Nifty MidSmall IT and Telecom Index Fund’, ‘Motilal Oswal Nifty MidSmall India Consumption Index Fund’, and ‘Motilal Oswal Nifty MidSmall Financial Services Index Fund’. The four NFOs by Motilal Oswal Mutual Fund opens for subscription on 29th October and closes on 6th N...
Motilal Oswal Mutual Fund introduced four new Index Funds
Motilal Oswal Mutual Fund introduced four new Index Funds
Source: PR Agency
2024-10-31 01:50:12 pm
ICICI Pru AMC announces cessation of fund accountant ICICI Prudential Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the Scheme. ICICI Prudential Mutual Fund has informed that Citibank N.A shall cease to be the Fund accountant of ICICI Prudential Global Advantage Fund (FOF) (the Scheme) with effect from closure of business hours of October 31, 2024. The Fund accounting for the Scheme would be handled in-house by ICICI Prudential Asset Management Company.&...
ICICI Pru AMC announces cessation of fund accountant
ICICI Pru AMC announces cessation of fund accountant
Source: Accord Fintech
2024-10-30 04:22:41 pm
ITI AMC announces change in address of ISC ITI Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of schemes of ITI Mutual Fund. ITI Mutual Fund had informed that Branch/Investor Service Centre(‘ISC) of KFin Technologies at ‘Meena Bazar,2nd Floor 10 S.P. Marg Civil Lines, Subhash Chauraha, Prayagraj, Allahabad 211001’, has been shifted to ‘Shop No. TF-9, 3rd Floor Vinayak Vrindavan Tower Built Over H.NO.34/26 Tashkent Marg, Civi...
ITI AMC announces change in address of ISC
ITI AMC announces change in address of ISC
Source: Accord Fintech
2024-10-29 05:41:12 pm
Edelweiss Mutual Fund urges us to think `Is money the only real prosperity` with its new campaign 'Bachpan Waali Diwali' Edelweiss Mutual Fund, one of the fastest growing AMC, released a heartwarming digital film titled, “Bachpan Waali Diwali”. This campaign brings back childhood memories of celebrating the festival with simplicity and meaningful connections.   Digital Campaign Link – https://youtu.be/mukk0k_JPWg   The film, which is warmly and nostalgically recounted, is based on recollections of Diwali before the advent of forward messages and extravagant fest...
Edelweiss Mutual Fund urges us to think `Is money the only real prosperity` with its new campaign 'Bachpan Waali Diwali'
Edelweiss Mutual Fund urges us to think `Is money the only real prosperity` with its new campaign 'Bachpan Waali Diwali'
Source: PR Agency
2024-10-28 04:06:55 pm
EPIGRAL Ltd raises Rs 333 crore via QIP issue Epigral Ltd (formerly known as Meghmani Finechem Ltd), India’s leading integrated chemical manufacturer today announced successful completion of its Qualified Institutional Placement (QIP) by raising Rs 333.05 crore at an issue price of Rs 2,093.13 per share. The QIP witnessed sizable interest from marquee players like HSBC AMC, Bandhan AMC, HDFC AMC, ITI AMC, Morgan Stanley and many other institutions. The chemical major will be deploying these funds to support the company&r...
EPIGRAL Ltd raises Rs 333 crore via QIP issue
EPIGRAL Ltd raises Rs 333 crore via QIP issue
Source: PR Agency
2024-10-25 03:51:51 pm
Zerodha MF introduces Gold ETF FoF Zerodha Mutual Fund has launched Zerodha Gold ETF FoF, an open-ended fund of fund scheme investing in units of Gold ETF. The NFO opens for subscription on October 25, 2024 and closes on November 08, 2024. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 500 and in multiples of Rs 1 thereafter. The performance of the scheme will be benchmarked to the performance of the Domestic price of physical gold and its fund managers are Shyam Agar...
Zerodha MF introduces Gold ETF FoF
Zerodha MF introduces Gold ETF FoF
Source: Accord Fintech
2024-10-25 03:19:02 pm
Aditya Birla SL AMC announces record date for distribution in Income Fund Aditya Birla Sun Life AMC has announced that the Trustees of Aditya Birla Sun Life Mutual Fund approved Friday, October 25, 2024 as the Record Date for declaration of distribution under the Income Distribution cum Capital Withdrawal (IDCW) option in Aditya Birla Sun Life Income Fund (An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4-7 years. A relatively high interest rate risk and moderate credit risk), subject to ava...
Aditya Birla SL AMC announces record date for distribution in Income Fund
Aditya Birla SL AMC announces record date for distribution in Income Fund
Source: Accord Fintech
2024-10-24 04:22:18 pm
HDFC MF announces IDCW record date under Balanced Advantage Fund HDFC Mutual Fund (MF) has informed that HDFC Trustee Company, the Trustee to HDFC Mutual Fund approved the Distribution under Income Distribution cum Capital Withdrawal (IDCW) Option of HDFC Balanced Advantage Fund, an Open-ended Balanced Advantage Fund (the Scheme) and fixed on Friday, October 25, 2024 (or the immediately following Business Day, if that day is not a Business Day) as the Record Date for the same. The quantum of IDCW on the face value of Rs 10.00 per unit will be Rs 0.250 f...
HDFC MF announces IDCW record date under Balanced Advantage Fund
HDFC MF announces IDCW record date under Balanced Advantage Fund
Source: Accord Fintech
2024-10-24 04:18:56 pm
LIC MF declares IDCW under Aggressive Hybrid Fund LIC Mutual Fund (MF) has informed that LIC Mutual Fund Trustee, the Trustee to LIC Mutual Fund, has approved distribution under Income Distribution cum Capital Withdrawal (IDCW) under LIC MF Aggressive Hybrid Fund (the scheme). The record date for the same is October 24, 2024, 2024 or the immediate next Business Day if that day is not a Business Day. The quantum of IDCW on the face value of Rs 10.00 per unit will be Rs 0.10 under Regular Plan-IDCW Option.
LIC MF declares IDCW under Aggressive Hybrid Fund
LIC MF declares IDCW under Aggressive Hybrid Fund
Source: Accord Fintech
2024-10-23 03:00:23 pm
Consumption sectors outperform broader market in the long-term: Bajaj Finserv AMC India's per capita income is projected to exceed $3,000 by 20251, fuelling consumption growth. By 2030, the middle class is expected to comprise 40% of the population, significantly driving discretionary spending.   A new study by Bajaj Finserv AMC has shown that the Nifty India Consumption Index outperformed the broader market over several cycles, generating 5.3%(absolute) alpha over the past one year, 2.8%(compounded annualised) alpha over the past three years, and 0.4%(...
Consumption sectors outperform broader market in the long-term: Bajaj Finserv AMC
Consumption sectors outperform broader market in the long-term: Bajaj Finserv AMC
Source: Bajaj Finserv Asset Management
2024-10-23 02:16:16 pm
Wealth Products Monthly Update October 2024 by Prabhudas Lilladher Capital Equity Markets: In September 2024, Indian equity markets saw a positive trend, with the BSE Sensex and Nifty 50 rising by 2.35% and 2.3% respectively, marking three consecutive months of gains. • The broader market also performed well, as the Nifty Small Cap 250 increased by 1.32% and the Nifty Mid Cap 150 rose by 1.76% during the same month. • The top-performing sectors in the Nifty for September 2024 included Auto, Realty, Oil & Gas, and Energy. • Foreign inst...
Wealth Products Monthly Update October 2024 by Prabhudas Lilladher Capital
Wealth Products Monthly Update October 2024 by Prabhudas Lilladher Capital
Source: Prabhudas Lilladher Capital
2024-10-22 02:40:32 pm
Effortlessly Cover Festive Costs with Mirae Asset Loan Against Securities Overdraft For those, who have a long-term view of their mutual fund and shares investments, should explore loans against mutual funds and shares to manage their festive expenses to overcome the cash flow issue. It is common for our monthly spending to be higher than usual during the festive season, prompting us to seek different ways to fund these expenses. Many individuals tend to dip into their long-term mutual fund or shares portfolios to cover such costs. However, Krishna Kanhaiya, CEO of Mirae ...
Effortlessly Cover Festive Costs with Mirae Asset Loan Against Securities Overdraft
Effortlessly Cover Festive Costs with Mirae Asset Loan Against Securities Overdraft
Source: PR Agency
2024-10-22 01:59:57 pm
48% of equity MFs outperform respective benchmarks in September`24, finds PL Wealth Management PL Wealth Management, PL Capital - Prabhudas Lilladher’s wealth management arm, in its latest study on mutual fund performance analysis cited that the AUM (assets under management) of equity mutual funds has surged by 3.10% sequentially to INR  26,43,291 crore in September 2024 from INR  25,64,069 crore in August 2024 (excluding Sectoral / Thematic Funds). The study which is based on 287 open-ended equity diversified funds cited that 48% of these funds have outperformed their ...
48% of equity MFs outperform respective benchmarks in September`24, finds PL Wealth Management
48% of equity MFs outperform respective benchmarks in September`24, finds PL Wealth Management
Source: PR Agency
2024-10-22 01:45:57 pm
Sundaram Alternates Launches Performing Credit Opportunities Fund (PCOF) - Series I Investment Focused on High-Yielding Credit Opportunities with Strong Institutional Support Sundaram Alternates, a trusted name in alternative investments and a wholly owned subsidiary of Sundaram Asset Management Company Limited and Sundaram Finance Limited, announces the launch of Performing Credit Opportunities Fund (PCOF) - Series I, a Close Ended Category II AIF. India’s alternative credit market, currently valued at approximately USD 80 billion, presents a significant growth opportunity, with the private/non-bank credit segment contributing USD 10-...
Sundaram Alternates Launches Performing Credit Opportunities Fund (PCOF) - Series I Investment Focused on High-Yielding Credit Opportunities with Strong Institutional Support
Sundaram Alternates Launches Performing Credit Opportunities Fund (PCOF) - Series I Investment Focused on High-Yielding Credit Opportunities with Strong Institutional Support
Source: PR Agency
2024-10-20 10:41:42 am
Aditya Birla SL AMC announces change in address of existing OPAT in Tamil Nadu Aditya Birla Sun Life AMC has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Schemes of Aditya Birla Sun Life Mutual Fund. Existing Official Point of Acceptance of Transactions (OPAT) of Aditya Birla Sun Life AMC located at Shop # 2 & 3, 1st Floor, Vignesh Aradhana, No 16, Shastri Road, Tiruchirapally - 620 017 is shifting to new premises with immediate effect. New Address: C5, 2nd Floor, 10th Cross West, Thillai Nagar Tiruchirapalli - ...
Aditya Birla SL AMC announces change in address of existing OPAT in Tamil Nadu
Aditya Birla SL AMC announces change in address of existing OPAT in Tamil Nadu
Source: Accord Fintech
2024-10-18 02:07:59 pm
Motilal Oswal Asset Mutual Fund (MOMF) launches `Motilal Oswal Digital India Fund` Motilal Oswal Asset Mutual Fund (MOMF) today announced the launch of its latest new fund offer “Motilal Oswal Digital India Fund”. The fund is an open-ended equity scheme investing in Digital Space, focusing on Technology, Telecom, Media, Entertainment and other related ancillary sectors for investors who are looking at capital appreciation in the long term. Key Fund Details: NFO Period: 11th October 2024 – 25th October 2024 Investment Objective:...
Motilal Oswal Asset Mutual Fund (MOMF) launches `Motilal Oswal Digital India Fund`
Motilal Oswal Asset Mutual Fund (MOMF) launches `Motilal Oswal Digital India Fund`
Source: PR Agency
2024-10-11 04:47:50 pm
WhiteOak Capital MF introduces ESG Best-In-Class Strategy Fund WhiteOak Capital Mutual Fund has launched WhiteOak Capital ESG Best-In-Class Strategy Fund, an open-ended equity scheme investing in companies following Environment, Social and Governance (ESG) theme adopting Best-In-Class Strategy. The NFO opens for subscription on October 11, 2024 and closes on October 25, 2024. The Entry load is nil for the scheme. In respect of each purchase / switch-in of Units, an Exit Load of 1.00% is payable if Units are redeemed/ switched-out within 1 month from the ...
WhiteOak Capital MF introduces ESG Best-In-Class Strategy Fund
WhiteOak Capital MF introduces ESG Best-In-Class Strategy Fund
Source: Accord Fintech
2024-10-11 02:34:24 pm
WhiteOak Capital Mutual Fund launches `WhiteOak Capital ESG Best-In-Class Strategy Fund` WhiteOak Capital Mutual Fund today announced the launch of their new fund offer (NFO) - ‘WhiteOak Capital ESG Best-in-class Strategy Fund’, an open-ended equity scheme investing in companies following Environment, Social and Governance (ESG) theme adopting best-in-class strategy. The NFO opens on 11th October and closes on 25th October 2024. WhiteOak Capital ESG Best-In-Class Strategy Fund seeks to invest in compa...
WhiteOak Capital Mutual Fund launches `WhiteOak Capital ESG Best-In-Class Strategy Fund`
WhiteOak Capital Mutual Fund launches `WhiteOak Capital ESG Best-In-Class Strategy Fund`
Source: PR Agency
2024-10-11 01:53:33 pm
Indian MF industry's average asset under management up 2.97 pc in Sep The mutual fund schemes in India saw an average asset under management (AAUM) growth of 2.97 per cent in the month of September, Association of Mutual Funds in India (AMFI) data showed on Thursday.   Moreover, the mutual fund industry’s net assets under management (AUM) marginally increased by 0.58 per cent to Rs 67,09,259 crore at the end of September, as against Rs 66,70,305.14 crore in August.  Sectoral funds got a major inflow to the tune of Rs 22,244 crore. The tota...
Indian MF industry's average asset under management up 2.97 pc in Sep
Indian MF industry's average asset under management up 2.97 pc in Sep
Source: IANS
2024-10-11 09:35:05 am
Monthly SIP investments cross Rs 24,000 crore for first time in India  Monthly systematic investment plan (SIP) numbers in India surged to Rs 24,508.73 crore in the month of September, up from Rs 23,547.34 crore in August, which is a 4 per cent increase, the Association of Mutual Funds in India (AMFI) data showed on Thursday.   The SIP contributions crossed the Rs 24,000 crore mark for the first time. According to the monthly data released by the AMFI, the number of new SIPs registered in September stood at 6,638,857. The assets under management...
Monthly SIP investments cross Rs 24,000 crore for first time in India
Monthly SIP investments cross Rs 24,000 crore for first time in India
Source: IANS
2024-10-10 04:12:33 pm
Samco MF introduces Multi Cap Fund Samco Mutual Fund has launched Samco Multi Cap Fund, an open-ended scheme investing across large cap, midcap and small cap stocks. The NFO opens for subscription on October 10, 2024 and closes on October 24, 2024. The Entry load is not applicable for the scheme. The Exit load is nil - If 10% of units can be redeemed within 12 months of allotment, any redemption in excess of such limit in the first 12 months will incur 1% exit load and No exit load, if redeemed or switched out after 12 months ...
Samco MF introduces Multi Cap Fund
Samco MF introduces Multi Cap Fund
Source: Accord Fintech
2024-10-10 11:15:11 am
Record 12.3 pc increase in AUM of mutual funds industry in July-Sep  Asset under management (AUM) of mutual funds surged by a record 12.3 per cent to Rs 66.2 lakh crore in the July-September period in the country. This is the largest quarterly increase in mutual fund assets in the last five years in India.  The average assets under management in the April-June period in 2024 was Rs 59 lakh crore. According to experts, "the latest surge in AUM is due to the rally in the stock market and record investment in equity schemes." Benchma...
Record 12.3 pc increase in AUM of mutual funds industry in July-Sep
Record 12.3 pc increase in AUM of mutual funds industry in July-Sep
Source: IANS
2024-10-08 04:44:37 pm
Appreciate Becomes the First Company to Enable Mutual Fund Investments on ONDC Network In a significant milestone for India's financial services sector, Appreciate carried out the first low ticket (Rs. 100) mutual fund transaction on the Open Network for Digital Commerce (ONDC) Network. Appreciate is one of the first buyer apps to go live on ONDC Network offering mutual fund (MF) investments via Appreciate integrated investment platform. The launch forms part of Appreciate and ONDC Network's broader strategy to democratize access to...
Appreciate Becomes the First Company to Enable Mutual Fund Investments on ONDC Network
Appreciate Becomes the First Company to Enable Mutual Fund Investments on ONDC Network
Source: PR Agency
2024-10-08 04:38:04 pm
ICICI Pru MF declares IDCW under Medium Term Bond Fund ICICI Prudential Mutual Fund (MF) has informed that ICICI Prudential Trust, Trustee to ICICI Prudential Mutual Fund approved distribution under Income Distribution cum capital withdrawal option (IDCW option) of ICICI Prudential Medium Term Bond Fund (the scheme). The record date for the same is October 10, 2024 or the immediately following Business Day, if that day is a Non - Business Day. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.2194 under Quarterly IDCW and Rs...
ICICI Pru MF declares IDCW under Medium Term Bond Fund
ICICI Pru MF declares IDCW under Medium Term Bond Fund
Source: Accord Fintech
2024-10-08 03:56:53 pm
Kotak Mutual Fund Launches Kotak MNC Fund NFO : An Avenue to Invest in Multinational Corporations across Sectors and Geographies Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) is pleased to announce the launch of the Kotak MNC Fund, an open-ended equity scheme following the Multinational Companies (MNC) theme. This fund provides investors with an opportunity to invest in leading MNCs, leveraging their growth potential and stability. The diversified portfolio spans various sectors, geographies, and market caps. The scheme will be open for public subscription from Octo...
Kotak Mutual Fund Launches Kotak MNC Fund NFO : An Avenue to Invest in Multinational Corporations across Sectors and Geographies
Kotak Mutual Fund Launches Kotak MNC Fund NFO : An Avenue to Invest in Multinational Corporations across Sectors and Geographies
Source: PR Agency
2024-10-08 11:49:00 am
Tata MF introduces Nifty Capital Markets Index Fund Tata Mutual Fund has launched Tata Nifty Capital Markets Index Fund, an open-ended scheme replicating / tracking Nifty Capital Markets Index (TRI)). The NFO opens for subscription on October 07, 2024 and closes on October 21, 2024. Entry load is not applicable for the scheme. Exit load will be 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. Goods & Service Tax on exit load, if any, will be paid out of the exit load proceeds and exit load net of Go...
Tata MF introduces Nifty Capital Markets Index Fund
Tata MF introduces Nifty Capital Markets Index Fund
Source: Accord Fintech
2024-10-07 12:33:37 pm
JM Financial AMC announces change in key personnel & fund management responsibilities JM Financial Asset Management Company has announced addendum to the Statement of Additional Information (SAI), Scheme Information Document (SID) and Key Information Memorandum (KIM) of the Schemes of JM Financial Mutual Fund. JM Financial Mutual Fund has informed that, Gurvinder Singh Wasan, Senior Fund Manager and Credit Analyst, has resigned from the services of the AMC from the close of business hours on Thursday, October 03, 2024. Consequently, he ceases to be the Fund Manager and Key ...
JM Financial AMC announces change in key personnel & fund management responsibilities
JM Financial AMC announces change in key personnel & fund management responsibilities
Source: Accord Fintech
2024-10-04 03:23:03 pm
More than 50 pc new mutual fund investors from small cities Participation of investors from small cities in the stock market has rapidly increased in recent months as the mutual fund industry has added 2.3 crore investor folios from April till August 2024, out of which more than 50 per cent of them come from such areas, a report said on Friday.   "The number of new investor folios coming from smaller cities has been rising on a monthly basis. Such trends can foster a culture of saving and investing, ultimately contributing to long-term in...
More than 50 pc new mutual fund investors from small cities
More than 50 pc new mutual fund investors from small cities
Source: IANS
2024-10-04 01:54:29 pm
Motilal Oswal Wealth Management Unveils `Growth Ka Chashma` - A Revolutionary AI-Powered Growth Lens for Investors Motilal Oswal Wealth Management is proud to launch ‘Growth Ka Chashma’, India’s first AI-powered Growth Lens, on the occasion of Gandhi Jayanti. Designed to empower modern investors, this innovative tool lines up recommended sectors and stocks with just a snap, backed by Motilal Oswal’s renowned research expertise.   Growth Ka Chashma makes investing more interactive and engaging by allowing users to point their mobile cameras to themes that intere...
Motilal Oswal Wealth Management Unveils `Growth Ka Chashma` - A Revolutionary AI-Powered Growth Lens for Investors
Motilal Oswal Wealth Management Unveils `Growth Ka Chashma` - A Revolutionary AI-Powered Growth Lens for Investors
Source: Motilal Oswal Wealth Management
2024-10-01 04:49:56 pm
Shriram AMC Enhances Fixed Income Team with the Appointment of Mr. Sudip More as Fund Manager Shriram Asset Management Company Ltd. (Shriram AMC), a part of the Shriram Group, is pleased to announce the appointment of Mr. Sudip More as Fund Manager – Fixed Income Investments. In this new role, Sudip will oversee the management of Shriram AMC's fixed income and debt schemes contributing his experience to the team.   Sudip joins Shriram AMC with over 18 years of experience in fixed income investment management, credit research, and analysis. Previously, he served as...
Shriram AMC Enhances Fixed Income Team with the Appointment of Mr. Sudip More as Fund Manager
Shriram AMC Enhances Fixed Income Team with the Appointment of Mr. Sudip More as Fund Manager
Source: PR Agency
2024-10-01 03:33:43 pm
JM Financial AMC announces change in Fund Management responsibilities JM Financial Asset Management Company has announced addendum to the Statement of Additional Information (SAI), Scheme Information Document (SID) & Key Information Memorandum (KIM) of the Schemes of JM Financial Mutual Fund. JM Financial Mutual Fund has informed that the fund management responsibilities of the following Schemes of the Mutual Fund have been revised with effect from October 01, 2024 as follows: The Revised Fund Manager of JM Flexicap Fund, JM Large Cap Fund, JM Value F...
JM Financial AMC announces change in Fund Management responsibilities
JM Financial AMC announces change in Fund Management responsibilities
Source: Accord Fintech
2024-10-01 03:31:27 pm
ICICI Pru MF declares IDCW under Equity-Arbitrage Fund ICICI Prudential Mutual Fund (MF) has informed that ICICI Prudential Trust, Trustee to ICICI Prudential Mutual Fund approved distribution under Income Distribution cum capital withdrawal option (IDCW option) of ICICI Prudential Equity-Arbitrage Fund (the scheme). The record date for the same is October 04, 2024, 2024 or the immediately following Business Day, if that day is a Non - Business Day. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.0500 under IDCW and Direct...
ICICI Pru MF declares IDCW under Equity-Arbitrage Fund
ICICI Pru MF declares IDCW under Equity-Arbitrage Fund
Source: Accord Fintech
2024-10-01 03:27:54 pm
SEBI Board Meeting: F&O trades, MF lite to be in focus F&O trades and mutual funds are reportedly the focal point of the Securities and Exchange Board of India (SEBI) board meeting being held on Monday.   According to reports, the markets regulator may approve tighter curbs on F&O trading due to the immense losses faced by individual traders. Additionally, the board may discuss the introduction of a new asset class between mutual funds and portfolio management services to offer investors more diversity in investment managem...
SEBI Board Meeting: F&O trades, MF lite to be in focus
SEBI Board Meeting: F&O trades, MF lite to be in focus
Source: IANS
2024-09-30 05:12:56 pm
Aditya Birla Sun Life MF introduces Crisil-IBX AAA NBFC-HFC INDEX-Sep 2026 Fund Aditya Birla Sun Life Mutual Fund (MF) has launched Aditya Birla Sun Life Crisil-IBX AAA NBFC-HFC INDEX-Sep 2026 Fund, an open-ended Target Maturity Index Fund tracking the CRISIL-IBX AAA NBFC-HFC Index – Sep 2026 with moderate interest rate risk and relatively low credit risk. The NFO opens for subscription on September 30, 2024 and closes on October 07, 2024. The Entry Load is not applicable and Exit Load will be nil for the scheme. The minimum subscription amount is Rs 1,000 and in m...
Aditya Birla Sun Life MF introduces Crisil-IBX AAA NBFC-HFC INDEX-Sep 2026 Fund
Aditya Birla Sun Life MF introduces Crisil-IBX AAA NBFC-HFC INDEX-Sep 2026 Fund
Source: Accord Fintech
2024-09-30 03:36:33 pm
ICICI Prudential MF introduces Nifty200 Value 30 ETF ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Nifty200 Value 30 ETF, an open-ended Index Exchange Traded Fund tracking Nifty200 Value 30 Index. The NFO opens for subscription on September 30, 2024 and closes on October 14, 2024. The Entry Load is not applicable and Exit Load will be nil for the scheme. The minimum subscription amount is Rs 100 plus in multiples of Re 1 during the NFO. The performance of the Scheme will be benchmarked to Nifty200 Value 30 TRI and its fund ...
ICICI Prudential MF introduces Nifty200 Value 30 ETF
ICICI Prudential MF introduces Nifty200 Value 30 ETF
Source: Accord Fintech
2024-09-30 03:34:49 pm
ICICI Pru MF declares IDCW under Equity & Debt Fund ICICI Prudential Mutual Fund (MF) has informed that ICICI Prudential Trust, Trustee to ICICI Prudential Mutual Fund approved distribution under Income Distribution cum capital withdrawal option (IDCW option) of ICICI Prudential Equity & Debt Fund (the scheme). The record date for the same is October 1, 2024 or the immediately following Business Day, if that day is a Non - Business Day. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.16 under Monthly IDCW and Direct...
ICICI Pru MF declares IDCW under Equity & Debt Fund
ICICI Pru MF declares IDCW under Equity & Debt Fund
Source: Accord Fintech
2024-09-27 02:04:23 pm
HDFC Asset Management Company announces temporary suspension of instant access facility HDFC Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID), Key Information Memorandum (KIM) of Schemes and Statement of Additional Information (SAI) of HDFC Mutual Fund. HDFC Mutual Fund has informed that the Instant Access Facility under HDFC Liquid Fund and HDFC Overnight Fund (Schemes) is undergoing an upgrade for a smooth investor experience. To enable a quick implementation, this facility is being temporarily suspended with immediate effect. ...
HDFC Asset Management Company announces temporary suspension of instant access facility
HDFC Asset Management Company announces temporary suspension of instant access facility
Source: Accord Fintech
2024-09-27 02:02:07 pm
ICICI Pru AMC announces revision in Index Methodology of Nifty Private Bank ETF ICICI Prudential Asset Management Company (AMC) has announced addendum to Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Nifty Private Bank ETF (the Scheme). ICICI Prudential Mutual Fund has informed that provisions in the Index Methodology of the ‘Nifty Private Bank Index’, which is an underlying index of the Scheme, as issued by NSE Indices stand revised. Stock weight capping has been revised from existing ‘No single stoc...
ICICI Pru AMC announces revision in Index Methodology of Nifty Private Bank ETF
ICICI Pru AMC announces revision in Index Methodology of Nifty Private Bank ETF
Source: Accord Fintech
2024-09-26 03:15:22 pm
HDFC Asset Management Company AMC announces revision in Provisions pertaining to LBMA reference HDFC Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID), Key Information Memorandum (KIM) of Schemes and Statement of Additional Information (SAI) of HDFC Mutual Fund. HDFC Mutual Fund has informed that provisions in Scheme Information Documents (SIDs) / Key Information Memorandums (KIMs) of HDFC Gold Fund, HDFC Gold Exchange Traded Fund, HDFC Silver ETF, HDFC Silver ETF Fund of Fund and HDFC Asset Allocator Fund of Funds (‘the Schemes&rsqu...
HDFC Asset Management Company AMC announces revision in Provisions pertaining to LBMA reference
HDFC Asset Management Company AMC announces revision in Provisions pertaining to LBMA reference
Source: Accord Fintech
2024-09-26 03:12:39 pm
PGIM India MF announces IDCW under Large Cap Fund PGIM India Mutual Fund (MF) has informed that that PGIM India Trustees, Trustee to PGIM India Mutual Fund, has approved declaration of Income Distribution cum Capital Withdrawal (IDCW) under PGIM India Large Cap Fund (scheme) of PGIM India MF with September 27, 2024 as the record date. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.4911 under Regular Plan - IDCW Option and Rs 0.6926 under Direct Plan - IDCW Option.
PGIM India MF announces IDCW under Large Cap Fund
PGIM India MF announces IDCW under Large Cap Fund
Source: Accord Fintech
2024-09-26 03:09:15 pm
Baroda BNP Paribas MF introduces Nifty200 Momentum 30 Index Fund Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Nifty200 Momentum 30 Index Fund, an open-ended scheme replicating / tracking the Nifty200 Momentum 30 Total Returns Index. The NFO opens for subscription on September 25, 2024 and closes on October 09, 2024. The Entry Load is not applicable for the scheme. The Exit Load will be 0.2%- If redeemed on or before 7 days from the date of allotment and Nil- If redeemed after 7 days from the date of allotment. The minimum subscription amo...
Baroda BNP Paribas MF introduces Nifty200 Momentum 30 Index Fund
Baroda BNP Paribas MF introduces Nifty200 Momentum 30 Index Fund
Source: Accord Fintech
2024-09-25 12:00:58 pm
Indian mutual fund industry set to cross 50 mn unique investors  The mutual fund industry in the country saw assets under management (AUM) surging to Rs 66.7 lakh crore in 2024 and is set to cross the 50-million unique investor base this year.  The stupendous growth is expected due to sustained buoyancy in the equity market and a surge in new fund offerings (NFOs). According to industry experts, the investor count may reach 100 million by 2030, with Rs 100 trillion in total AUM. This surge will be fuelled by the market's resilience, st...
Indian mutual fund industry set to cross 50 mn unique investors
Indian mutual fund industry set to cross 50 mn unique investors
Source: IANS
2024-09-24 05:06:27 pm
Baroda BNP Paribas Mutual Fund Launches Baroda BNP Paribas Nifty200 Momentum 30 Index Fund Baroda BNP Paribas Mutual Fund has launched an innovative new fund offer Baroda BNP Paribas Nifty200 Momentum 30 Index Fund which opens on 25th September 2024 and closes on 9th October 2024. The scheme is designed to tap into the power of momentum investing, offering investors a smart, passive strategy to leverage the top 30 momentum stocks from the Nifty 200 Total Return Index. Highlights: * The fund willtrack the NIFTY 200 Momentum 30 Index by investing in a portfolio of 30 companies ...
Baroda BNP Paribas Mutual Fund Launches Baroda BNP Paribas Nifty200 Momentum 30 Index Fund
Baroda BNP Paribas Mutual Fund Launches Baroda BNP Paribas Nifty200 Momentum 30 Index Fund
Source: PR Agency
2024-09-24 04:49:43 pm
ICICI Prudential Mutual Fund files offer document for Nifty EV & New Age Automotive ETF ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open-ended Exchange Traded Fund named ‘ICICI Prudential Nifty EV & New Age Automotive ETF’. The New Fund Offer price is 1/100th value of the Nifty EV and New Age Automotive closing Index as on the date of allotment for applications received during the New Fund Offer. Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 c...
ICICI Prudential Mutual Fund files offer document for Nifty EV & New Age Automotive ETF
ICICI Prudential Mutual Fund files offer document for Nifty EV & New Age Automotive ETF
Source: Accord Fintech
2024-09-24 02:22:44 pm
Groww MF introduces Nifty India Defence ETF Groww Mutual Fund (MF) has launched Groww Nifty India Defence ETF, an open-ended scheme replicating/tracking Nifty India Defence Index Total Return Index. The NFO opens for subscription on September 23, 2024 and closes on October 04, 2024. The Entry Load is not applicable and Exit Load will be nil for the scheme. The minimum subscription amount is Rs 500 and in multiples of Re. 1/-thereafter. The performance of the scheme will be benchmarked with Nifty India Defence Index TRI and its fund ...
Groww MF introduces Nifty India Defence ETF
Groww MF introduces Nifty India Defence ETF
Source: Accord Fintech
2024-09-23 01:54:28 pm
Geojit report: Mutual Fund Industry Update - September 2024 Contents: • Monthly Net Fund flows & Trends • NFO Sales for the month • SIP Flows & Trends • YTD Net Fund Flows • AUM Snapshot • AUM Change adjusted for fund flows (Market Gains / Loss) • Folios Insights • AUM per Folio (Ticket size) Monthly Net Fund flow highlights – Aug 2024 (Amount in Rs.) • Industry netted inflows of 1.08 lakh crs, up 26.7% from 3M avg. Open-ended Equity, Debt, Hybrid, Solution, Othe...
Geojit report: Mutual Fund Industry Update - September 2024
Geojit report: Mutual Fund Industry Update - September 2024
Source: Geojit Financial Services Ltd
2024-09-21 05:29:30 pm
Mutual fund investments in India move beyond top 15 cities Investors from smaller cities in India are embracing mutual funds like never before and the share of such investors in cities beyond the top 15 have risen significantly in the last four years, a new report showed on Saturday.  While Mumbai and Delhi continue to hold their place with most number of investors, accounting for 39 per cent investors as of June 2024, other cities have steadily contributed over 30 per cent of investors since March 2021, according to a Franklin Templeton repo...
Mutual fund investments in India move beyond top 15 cities
Mutual fund investments in India move beyond top 15 cities
Source: IANS
2024-09-21 01:57:56 pm
LIC MF launches new manufacturing fund, NFO available till Oct 4 LIC Mutual Fund on Friday launched 'LIC MF Manufacturing Fund', an open-ended equity scheme "following a manufacturing theme".  This fund's objective is to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments of companies following manufacturing themes. There is no assurance that the investment objective of the Scheme will be achieved. The NFO (new fund offering) of the scheme has opened for subscription fr...
LIC MF launches new manufacturing fund, NFO available till Oct 4
LIC MF launches new manufacturing fund, NFO available till Oct 4
Source: IANS
2024-09-20 03:19:06 pm