News

LIC Mutual Fund files offers document for Multi Asset Allocation Fund LIC Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘LIC MF Multi Asset Allocation Fund’ (An open ended scheme investing in Equity, Debt and Gold). The New Fund Offer price is Rs 10. No entry load will be charged by the Scheme to the unitholders. If  units  of  the  Scheme  are  redeemed / switched-out within 3 months from the date of allotment: No exit load will be levied up to 12% of the units; and 1% will ...
LIC Mutual Fund files offers document for Multi Asset Allocation Fund
LIC Mutual Fund files offers document for Multi Asset Allocation Fund
Source: Accord Fintech
2024-11-21 04:06:14 pm
ICICI Prudential Mutual Fund files offer document for CRISIL-IBX AAA Financial Services Index - Dec 2026 Fund ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘ICICI Prudential CRISIL-IBX AAA Financial Services Index - Dec 2026 Fund' (An open-ended target maturity Index Fund investing in the constituents of CRISIL-IBX AAA Financial Services Index - Dec 2026. A moderate interest rate risk and relatively low credit risk.). The New Fund Offer price is Rs 10. No Entry Load shall be charged. Exit load will be 0.25% of applicable Net Asse...
ICICI Prudential Mutual Fund files offer document for CRISIL-IBX AAA Financial Services Index - Dec 2026 Fund
ICICI Prudential Mutual Fund files offer document for CRISIL-IBX AAA Financial Services Index - Dec 2026 Fund
Source: Accord Fintech
2024-11-21 03:28:39 pm
80% of equity MFs outperform respective benchmarks in October`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 have witnessed a decline by -4.03% sequentially to INR  25,36,803 crore in October 2024 from INR  26,43,291 crore in September 2024 (excluding Sectoral / Thematic Funds). The study which is based on 240 open-ended equity diversified funds cited that 80% of ...
80% of equity MFs outperform respective benchmarks in October`24, finds PL Wealth Management
80% of equity MFs outperform respective benchmarks in October`24, finds PL Wealth Management
Source: PR Agency
2024-11-21 02:03:03 pm
Aditya Birla SL AMC announces record date for distribution in Midcap Fund Aditya Birla Sun Life AMC has announced that the Trustees of Aditya Birla Sun Life Mutual Fund approved Friday, November 22, 2024 as the Record Date for declaration of distribution under the Income Distribution cum Capital Withdrawal (IDCW) option in Aditya Birla Sun Life Midcap Fund (An open ended equity scheme predominantly investing in mid cap stocks), subject to availability of distributable surplus on the Record Date. The quantum of IDCW on the face value of Rs 10 per unit will be 4.2...
Aditya Birla SL AMC announces record date for distribution in Midcap Fund
Aditya Birla SL AMC announces record date for distribution in Midcap Fund
Source: Accord Fintech
2024-11-19 04:01:31 pm
LIC AMC announces appointment of Equity Dealer LIC Mutual Fund Asset Management (AMC) has announced Modification in Statement of Additional Information (SAI). LIC Mutual Fund has informed that Siddhesh Parab has been appointed as Equity Dealer with effect from November 12, 2024. He has been designated as a Key Personnel for the schemes of LIC Mutual Fund. Brief details of Mr. Siddhesh Parab are as follows: Siddhesh Parab (39 years), possesses an MBA degree in Finance from Allana Institute of Management, Mumbai and B.com from Maharsh...
LIC AMC announces appointment of Equity Dealer
LIC AMC announces appointment of Equity Dealer
Source: Accord Fintech
2024-11-19 03:59:26 pm
Bandhan MF introduces Nifty 200 Quality 30 Index Fund Bandhan Mutual Fund has launched Bandhan Nifty 200 Quality 30 Index Fund, an open-ended scheme tracking Nifty 200 Quality 30 Index. The NFO opens for subscription on November 18, 2024 and closes on November 29, 2024. The Entry load is not applicable for the scheme. The Exit load will be 0.25% if redeemed on or before 15 days from the allotment date and Nil if redeemed after 15 days from the allotment date. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter. The ...
Bandhan MF introduces Nifty 200 Quality 30 Index Fund
Bandhan MF introduces Nifty 200 Quality 30 Index Fund
Source: Accord Fintech
2024-11-18 02:24:04 pm
ICICI Prudential MF introduces Equity Minimum Variance Fund ICICI Prudential Mutual Fund has launched ICICI Prudential Equity Minimum Variance Fund, an open-ended equity scheme following Minimum Variance theme. The NFO opens for subscription on November 18, 2024 and closes on December 02, 2024. The Entry load is not applicable for the scheme. The Exit load will be 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out within 12 months from allotment and NIL - If the amount sought to be redeemed or switched out more than 1...
ICICI Prudential MF introduces Equity Minimum Variance Fund
ICICI Prudential MF introduces Equity Minimum Variance Fund
Source: Accord Fintech
2024-11-18 02:21:19 pm
Shriram MF introduces Multi Sector Rotation Fund Shriram Mutual Fund has launched Shriram Multi Sector Rotation Fund, an open-ended scheme investing in equity and related instruments following multi sector rotation theme. The NFO opens for subscription on November 18, 2024 and closes on December 02, 2024. The Entry load is not applicable for the scheme. The Exit load will be 1% of the applicable NAV - if redeemed within 3 months from the date of allotment and Nil if redeemed after 3 months from the date of allotment.  The minimum subsc...
Shriram MF introduces Multi Sector Rotation Fund
Shriram MF introduces Multi Sector Rotation Fund
Source: Accord Fintech
2024-11-18 02:16:47 pm
Nippon India MF introduces Nifty Auto Index Fund Nippon India Mutual Fund has launched Nippon India Nifty Auto Index Fund, an open-ended scheme replicating/tracking Nifty Auto Index. The NFO opens for subscription on November 14, 2024 and closes on November 28, 2024. The Entry load is not applicable and Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter. The performance of the scheme will be benchmarked at Nifty Auto TRI and its fund manager is Himanshu Mange. The investmen...
Nippon India MF introduces Nifty Auto Index Fund
Nippon India MF introduces Nifty Auto Index Fund
Source: Accord Fintech
2024-11-14 02:09:32 pm
Aditya Birla Sun Life MF introduces BSE India Infrastructure Index Fund Aditya Birla Sun Life Mutual Fund has launched Aditya Birla Sun Life BSE India Infrastructure Index Fund, an open-ended Index Fund replicating the BSE India Infrastructure Total Return Index. The NFO opens for subscription on November 14, 2024 and closes on November 28, 2024. No Entry Load is charged for the scheme. The Exit load will be 0.05% of applicable NAV - for redemption / switch-out of units on or before 30 days from the date of allotment and Nil - for redemption / switch-out of units...
Aditya Birla Sun Life MF introduces BSE India Infrastructure Index Fund
Aditya Birla Sun Life MF introduces BSE India Infrastructure Index Fund
Source: Accord Fintech
2024-11-14 02:05:32 pm
Motilal Oswal AMC Gives Homework to Parents this Children`s Day! On this Children’s Day, Motilal Oswal Asset Management Company (AMC) unveils a touching film that nudges parents to learn the most Important full-form of Systematic Investment Plans (SIPs) for their children’s future. Through an engaging family interaction, the film emphasizes how SIP’s can help parents secure the rising costs of quality education. The story follows a middle-aged father confidently answering his daughter’s questions on educational full-forms such as...
Motilal Oswal AMC Gives Homework to Parents this Children`s Day!
Motilal Oswal AMC Gives Homework to Parents this Children`s Day!
Source: Motilal Oswal Financial Services ltd
2024-11-13 03:59:19 pm
HDFC AMC announces resumption of instant access facility HDFC Asset Management Company (AMC) has announced Addendum to the Scheme Information Document (SID) / Key Information Memorandum (KIM) of HDFC Liquid Fund and HDFC Overnight Fund and Statement of Additional Information (SAI). HDFC Mutual Fund has informed that the Instant Access Facility under HDFC Liquid Fund and HDFC Overnight Fund (Schemes) shall resume with effect from November 12, 2024. All other terms & conditions of the aforesaid Schemes will remain unchanged. This Addendum s...
HDFC AMC announces resumption of instant access facility
HDFC AMC announces resumption of instant access facility
Source: acc
2024-11-13 01:51:05 pm
October Sees Record Inflows in Equity Mutual Funds, Debt Funds, and SIP Contributions By Rishabh Goel, MD, Tailwind Financial Services Below the Quote On October Sees Record Inflows in Equity Mutual Funds, Debt Funds, and SIP Contributions By Rishabh Goel, MD, Tailwind Financial Services   October was a remarkable month for the Indian mutual fund industry, which witnessed record inflows in equity mutual funds, strong SIP growth, and a significant boost in debt fund investments. According to data from the Association of Mutual Funds in India (AMFI), overall mutual fund inflows reflected robust investor confide...
October Sees Record Inflows in Equity Mutual Funds, Debt Funds, and SIP Contributions By Rishabh Goel, MD, Tailwind Financial Services
October Sees Record Inflows in Equity Mutual Funds, Debt Funds, and SIP Contributions By Rishabh Goel, MD, Tailwind Financial Services
Source: Tailwind Financial Services
2024-11-12 06:05:18 pm
Motilal Oswal AMC Unveils Results of 2nd Edition of Investor`s Survey on Passive Funds in India 2024 Motilal Oswal Asset Management Company (MOAMC) has released the 2nd Edition of Investor’s Survey on Passive Funds in India 2024, titled The Rise of Passive Power: Transforming India's Investment Landscape, offering a comprehensive look at the surge of passive investment strategies in India. As passive funds continue to reshape the financial landscape, their appeal among investors and distributors has reached unprecedented levels. Fuelled by favourable regulatory support, r...
Motilal Oswal AMC Unveils Results of 2nd Edition of Investor`s Survey on Passive Funds in India 2024
Motilal Oswal AMC Unveils Results of 2nd Edition of Investor`s Survey on Passive Funds in India 2024
Source: PR Agency
2024-11-12 05:54:58 pm
Aditya Birla SL AMC changes risk-o-meter of Multi- Index Fund of Funds Aditya Birla Sun Life AMC has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of Aditya Birla Sun Life Mutual Fund. Pursuant to SEBI Master Circular on Mutual Funds dated June 27, 2024, the Risk-o-meter of Aditya Birla Sun Life Multi- Index Fund of Funds (An open-ended fund of funds scheme investing in Exchange Traded Funds and Index Funds) has been revised to ‘High’. The Risk-o-meter for the previous month was ‘Very High'...
Aditya Birla SL AMC changes risk-o-meter of Multi- Index Fund of Funds
Aditya Birla SL AMC changes risk-o-meter of Multi- Index Fund of Funds
Source: Accord Fintech
2024-11-12 05:38:34 pm
Perspective on AMFI Data by Mr. Akhil Chaturvedi, Executive Director & Chief Business Officer, Motilal Oswal Asset Management Company Below the Perspective on AMFI Data by Mr. Akhil Chaturvedi, Executive Director & Chief Business Officer, Motilal Oswal Asset Management Company   The equity inflows continue to be stable around 40k cr net sales on monthly basis. The flows apart from NFO which were healthy at 15k cr is also diversified across market cap buckets. We have seen heightened volatility in markets with FII selling due to major global events including USA elections. The healthy net flows is a testi...
Perspective on AMFI Data by Mr. Akhil Chaturvedi, Executive Director & Chief Business Officer, Motilal Oswal Asset Management Company
Perspective on AMFI Data by Mr. Akhil Chaturvedi, Executive Director & Chief Business Officer, Motilal Oswal Asset Management Company
Source: Motilal Oswal Asset Management Company
2024-11-12 11:07:54 am
Perspective on AMFI Data by Sanjay Agarwal, Senior Director, CareEdge Ratings Below the Perspective on AMFI Data by Sanjay Agarwal, Senior Director, CareEdge Ratings   ‘The AUM of the mutual fund industry has continued to grow at a brisk pace of over 40% y-o-y and 1.2% sequentially to reach Rs.67.91 lakh crore as the Sensex has risen by more than 20% over the last 12 months and is also buoyed by continued inflows in debt as well as equity mutual funds despite market volatility. Overall, the industry witnessed an inflow Rs 2.4 lakh crore in the mon...
Perspective on AMFI Data by Sanjay Agarwal, Senior Director, CareEdge Ratings
Perspective on AMFI Data by Sanjay Agarwal, Senior Director, CareEdge Ratings
Source: CareEdge Ratings
2024-11-12 11:02:39 am
Indian MF industry's total asset under management at all-time high of Rs 66.98 lakh cr The total assets under management (AUM) across mutual funds (MF) in India reached Rs 66.98 lakh crore in October, showing a marginal increase of 0.25 per cent against Rs 66.82 lakh crore in September, according to the latest data from the Association of Mutual Funds in India (AMFI) on Monday.  According to market experts, the month shows that investors have preferred hybrid funds due to the ongoing volatility in the equity markets. The total inflows in the hybrid mutual fund catego...
Indian MF industry's total asset under management at all-time high of Rs 66.98 lakh cr
Indian MF industry's total asset under management at all-time high of Rs 66.98 lakh cr
Source: Reuters
2024-11-11 04:53:59 pm
Tata Asset Management Unveils Tata India Innovation Fund aiming to Tap Growth via Sector-Wide Innovation Tata Asset Management, today announced the launch of the Tata India Innovation Fund that aims to offer investors with opportunities for long-term capital appreciation by investing in companies seeking to benefit from adoption of innovative strategies and themes across sectors. The NFO (New Fund Offer) will open for subscription on November 11, 2024. The Indian economy is witnessing a wave of companies engaged in both breakthrough and incremental innovation, each reflecting a strong commitm...
Tata Asset Management Unveils Tata India Innovation Fund aiming to Tap Growth via Sector-Wide Innovation
Tata Asset Management Unveils Tata India Innovation Fund aiming to Tap Growth via Sector-Wide Innovation
Source: PR Agency
2024-11-11 03:15:39 pm
UTI MF introduces Nifty Alpha Low-Volatility 30 Index Fund UTI Mutual Fund has launched UTI Nifty Alpha Low-Volatility 30 Index Fund, an open-ended scheme replicating/ tracking Nifty Alpha Low-Volatility 30 TRI. The NFO opens for subscription on November 11, 2024 and closes on November 25, 2024. The Entry load is not applicable and Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000/- and in multiples of Re.1/- thereafter. The Scheme performance would be benchmarked against Nifty Alpha Low-Volatility 30 TRI and its fund ma...
UTI MF introduces Nifty Alpha Low-Volatility 30 Index Fund
UTI MF introduces Nifty Alpha Low-Volatility 30 Index Fund
Source: Accord Fintech
2024-11-11 02:48:09 pm
Samco MF introduces Arbitrage Fund Samco Mutual Fund has launched Samco Arbitrage Fund, an open-ended scheme investing in arbitrage opportunities. The NFO opens for subscription on November 11, 2024 and closes on November 20, 2024. The Entry load is not applicable for the scheme. The Exit load will be 0.25% - If the investment is redeemed or switched out on or before 30 days from the date of allotment of units and No Exit Load will be charged if investment is redeemed or switched out after 30 days from the date of allotment of...
Samco MF introduces Arbitrage Fund
Samco MF introduces Arbitrage Fund
Source: Accord Fintech
2024-11-11 02:44:31 pm
Tata MF introduces India Innovation Fund Tata Mutual Fund has launched Tata India Innovation Fund, an open-ended equity scheme following innovation theme. The NFO opens for subscription on November 11, 2024 and closes on November 25, 2024. The Entry load is not applicable for the scheme. The Exit load will be 1% of the applicable NAV, if redeemed on or before 90 days from the date of allotment. The minimum subscription amount is Rs 5,000/- and in multiples of Re. 1/- thereafter. The Scheme performance would be benchmarked against...
Tata MF introduces India Innovation Fund
Tata MF introduces India Innovation Fund
Source: Accord Fintech
2024-11-11 02:41:21 pm
Key Parameters to Consider Before Selecting Debt Mutual Funds Debt mutual funds are an essential part of a balanced portfolio, providing relatively stable returns compared to equity funds. However, selecting the right debt fund involves more than just looking at returns. Various factors like credit risk, duration, and expense ratios play a significant role in shaping the performance and risk profile of the fund. Here are the critical parameters to consider when choosing debt mutual funds: 1. Fund Category and Investment Horizon Debt mutual funds c...
Key Parameters to Consider Before Selecting Debt Mutual Funds
Key Parameters to Consider Before Selecting Debt Mutual Funds
Source: IGI Editorial
2024-11-09 05:47:15 pm
365 Days of Zerodha Fund House ! A Glimpse into One year Journey by Vishal Jain, CEO of Zerodha Fund House Below the Quote on 365 Days of Zerodha Fund House ! A Glimpse into One year Journey by Vishal Jain, CEO of Zerodha Fund House   365 days of Zerodha Fund House! Today marks the completion of 1 year for our first fund at Zerodha Fund House, and it feels surreal. The year started with a vision to simplify investing for all of you but perhaps the most important question that needs to be asked is - Have we walked the talk? We set out to build Zerodha Fund House...
365 Days of Zerodha Fund House ! A Glimpse into One year Journey by Vishal Jain, CEO of Zerodha Fund House
365 Days of Zerodha Fund House ! A Glimpse into One year Journey by Vishal Jain, CEO of Zerodha Fund House
Source: PR Agency
2024-11-08 02:07:47 pm
Bajaj Finserv MF introduces Consumption Fund Bajaj Finserv Mutual Fund has launched Bajaj Finserv Consumption Fund, an open-ended equity scheme following consumption theme. The NFO opens for subscription on November 08, 2024 and closes on November 22, 2024. The Entry load is nil for the scheme. For each purchase of units through Lumpsum / switch-in / Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP), exit load will be as follows: The Exit Load will be 1% of applicable NAV - if units are redeemed / switched out within 3...
Bajaj Finserv MF introduces Consumption Fund
Bajaj Finserv MF introduces Consumption Fund
Source: Accord Fintech
2024-11-08 12:49:08 pm
Why Investors Shouldn’t Blindly Invest in Mutual Fund New Fund Offerings (NFOs) New Fund Offerings (NFOs) often capture investors' attention with their marketing and the promise of new opportunities. While NFOs may seem like a fresh start in mutual funds, especially for investors looking for innovative themes or low NAVs (Net Asset Values), they also come with specific risks. Blindly investing in NFOs can lead to disappointing returns and portfolio misalignment. Here’s why investors should exercise caution and avoid blindly investing in mutual fund NFOs. ###...
Why Investors Shouldn’t Blindly Invest in Mutual Fund New Fund Offerings (NFOs)
Why Investors Shouldn’t Blindly Invest in Mutual Fund New Fund Offerings (NFOs)
Source: IGI Editorial
2024-11-08 11:09:28 am
ICICIPruAMC informs about provisions pertaining to Swing Pricing disclosure ICICI Prudential Asset Management Company (AMC) has announced to the Statement of Additional Information (SAI), Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of various Debt Schemes of ICICI Prudential Mutual Fund. Pursuant to AMFI communication dated November 4, 2024, ICICI Prudential Mutual Fund has informed the following additional provisions pertaining to Swing Pricing disclosure shall form part of SAI and SID of various debt Schemes of the Fund (except ICI...
ICICIPruAMC informs about provisions pertaining to Swing Pricing disclosure
ICICIPruAMC informs about provisions pertaining to Swing Pricing disclosure
Source: Accord Fintech
2024-11-07 12:43:41 pm
ICICI Pru AMC announces change in risk-o-meter under various schemes ICICI Prudential Asset Management Company (AMC) has announced Addendum to the Scheme Information Documents (SID) and Key Information Memorandum (KIM) of mentioned schemes of ICICI Prudential Mutual Fund. In terms of paragraph 17.4.1.h. of SEBI Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/ CIR/2024/90 dated June 27, 2024, ICICI Prudential Mutual Fund has informed about revised Risk-o-meter(s) for the below mentioned Schemes of the Fund: The Risk-o-meter of ICICI Prudential Gilt Fund stands r...
ICICI Pru AMC announces change in risk-o-meter under various schemes
ICICI Pru AMC announces change in risk-o-meter under various schemes
Source: Accord Fintech
2024-11-07 12:38:07 pm
Baroda BNP Paribas MF announces IDCW under Arbitrage Fund Baroda BNP Paribas Mutual Fund has informed about the rate of distribution under Income Distribution cum Capital Withdrawal (‘IDCW’) Options of respective plan under Baroda BNP Paribas Arbitrage Fund (the scheme) of Baroda BNP Paribas Mutual Fund with Friday, November 08, 2024, as the Record Date or the immediately following Business Day, if that day is not a Business Day. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.06 under Regular Plan - Monthly IDCW ...
Baroda BNP Paribas MF announces IDCW under Arbitrage Fund
Baroda BNP Paribas MF announces IDCW under Arbitrage Fund
Source: Accord Fintech
2024-11-07 12:34:09 pm
Invesco Asset Management (India) announces addition to OPA list Invesco Mutual Fund has informed about the following addition in the Official Points of Acceptance (OPA) of Transactions for all Schemes of Invesco Mutual Fund except Invesco India Nifty 50 Exchange Traded Fund and Invesco India Gold Exchange Traded Fund with effect from November 11, 2024: Office No. S-12, 2nd Floor, Suyojit Sankul, Near Rajiv Gandhi Bhavan, Sharanpur Road, Nashik, Maharashtra Nashik - 422002. Tel No: +91 253 3557192. Further, the above location is also Point of Services (...
Invesco Asset Management (India) announces addition to OPA list
Invesco Asset Management (India) announces addition to OPA list
Source: Accord Fintech
2024-11-07 12:25:01 pm
Edelweiss AMC announces change in fund management structure Edelweiss Asset Management Company (AMC) has announced notice cum addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of scheme of Edelweiss Mutual Fund.   Edelweiss Mutual Fund informed that the existing Co-Fund Manager for equity portion - Bhavin Patadia, for Edelweiss Arbitrage Fund of Edelweiss Mutual Fund will be replaced by Amit Vora with effect from November 6, 2024. Further, Bhavin Patadia has resigned from the services of Edelweiss Asset ...
Edelweiss AMC announces change in fund management structure
Edelweiss AMC announces change in fund management structure
Source: Accord Fintech
2024-11-06 04:21:42 pm
Multi Asset Allocation Funds Consistently Outperform General Equity Schemes: Ventura Securities According to a report by Ventura Securities, an analysis of 25 multi-asset funds reveals that they have outperformed the majority of general equity schemes in one, three- and five-years span. These funds stand out for their capacity to deliver competitive returns across multiple asset classes, providing a diversified investment approach that many single-asset equity funds lack. Multi Asset Allocation Funds are gaining popularity due to their ability to diversify across asset classes, offer ta...
Multi Asset Allocation Funds Consistently Outperform General Equity Schemes: Ventura Securities
Multi Asset Allocation Funds Consistently Outperform General Equity Schemes: Ventura Securities
Source: PR Agency
2024-11-04 04:27:26 pm
Mirae Asset MF introduces Nifty 1D Rate Liquid ETF Mirae Asset Mutual Fund has launched Mirae Asset Nifty 1D Rate Liquid ETF - Growth, an open-ended listed liquid scheme in the form of an Exchange Traded Fund tracking Nifty 1D Rate Index, with growth option. A relatively low interest rate risk and relatively low credit risk. The NFO opens for subscription on November 04, 2024 and closes on November 06, 2024. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 per application and in mul...
Mirae Asset MF introduces Nifty 1D Rate Liquid ETF
Mirae Asset MF introduces Nifty 1D Rate Liquid ETF
Source: Accord Fintech
2024-11-04 02:37:07 pm
Comment on SEBI Insider Trading Rules Now Apply to Mutual Fund Units from Nov 1 by Makarand M Joshi Founder MMJC and associates a corporate compliance firm Below the Comment on SEBI Insider Trading Rules Now Apply to Mutual Fund Units from Nov 1 by Makarand M Joshi Founder MMJC and associates a corporate compliance firm   This move by SEBI will strictly regulate dealing in units of mutual funds. Dealing in mutual fund units will now be subject to pre clearance, restricted trading periods, disclosure of dealing beyond certain limits, contra trade etc when a person is in possession of price sensitive information relating to mutual ...
Comment on SEBI Insider Trading Rules Now Apply to Mutual Fund Units from Nov 1 by Makarand M Joshi Founder MMJC and associates a corporate compliance firm
Comment on SEBI Insider Trading Rules Now Apply to Mutual Fund Units from Nov 1 by Makarand M Joshi Founder MMJC and associates a corporate compliance firm
Source: PR Agency
2024-11-01 10:07:14 am
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