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
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
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
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
SIP inflow hits Rs 25,000 crore for 1st time, equity fund inflows at record Rs 41,887 crore The monthly systematic investment plan (SIP) inflow made a new all-time high in India at Rs 25,323 crore in October, from Rs 24,509 crore in September, according to the latest data from the Association of Mutual Funds in India (AMFI) on Monday.  The SIP inflow was recorded at Rs 16,928 crore in the same month last year. The number of SIP accounts stood at its highest ever at 10.12 crore in October 2024. It was 9.87 crore in September. Net 24.19 lakh SIP accounts were added in the l...
SIP inflow hits Rs 25,000 crore for 1st time, equity fund inflows at record Rs 41,887 crore
SIP inflow hits Rs 25,000 crore for 1st time, equity fund inflows at record Rs 41,887 crore
Source: IANS
2024-11-12 09:41:41 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
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
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
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
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
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
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
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
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
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
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
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
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