News

ICICI Pru MF declares IDCW under Savings 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 Savings Fund (the scheme). The record date for the same is September 09, 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 1.9767 under Quarterly IDCW and Rs 2.0087...
ICICI Pru MF declares IDCW under Savings Fund
ICICI Pru MF declares IDCW under Savings Fund
Source: Accord Fintech
2024-09-06 12:44:27 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 Monday, September 09, 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
2024-09-06 12:42:51 pm
Kotak Mahindra MF introduces CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund Kotak Mahindra Mutual Fund has launched Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund, an open-ended Sectoral Target Maturity Debt Index Fund investing in constituents of CRISIL-IBX AAA Financial Services Index - Sep 2027 with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on August 30, 2024 and closes on September 11, 2024. No Entry Load shall be charged for the scheme. The exit load will be 0.25% of applicable NAV- For redempt...
Kotak Mahindra MF introduces CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
Kotak Mahindra MF introduces CRISIL-IBX AAA Financial Services Index-Sep 2027 Fund
Source: Accord Fintech
2024-08-30 02:42:09 pm
Baroda BNP Paribas AMC announces change in address of OPAT Baroda BNP Paribas Asset Management India has announced addendum to the Statement of Additional Information (SAI), Scheme Information Document (SID) and Key Information Memorandum (KIM) for the Schemes of the Baroda BNP Paribas Mutual Fund. Baroda BNP Paribas Mutual Fund has informed that Official Point of Acceptance of Transactions (OPAT) located at ‘KFin Technologies, 6-3-788/32-35, 3rd Floor, Flat No. 303, Vamsee Estate, above Canara Bank, Ameerpet, Hyderabad, Telangana – 50...
Baroda BNP Paribas AMC announces change in address of OPAT
Baroda BNP Paribas AMC announces change in address of OPAT
Source: Accord Fintech
2024-08-28 02:40:01 pm
Tata AMC announces opening of new branch Tata Asset Management Company (AMC) has announced that addendum to the Scheme Information Document (s) (SIDS) / Key Information Memorandum(s) (KIMS) of Specified Scheme(s) and Statement of Additional Information (SAI) of Tata Mutual Fund. Tata Mutual Fund has informed that Tata Asset Management (TAMPL) is opening new branch at  ‘1st Floor, Josela's Galleria, Opp. Malabar Christian College Higher Secondary School, Wayanad Road, Calicut, Kerala - 673001. Telephone: (0495) 4903...
Tata AMC announces opening of new branch
Tata AMC announces opening of new branch
Source: Accord Fintech
2024-08-28 02:37:07 pm
PGIM India AMC announces change in Key Personnel PGIM India Asset Management (AMC) has announced addendum to the Scheme Information Document, Key Information Memorandum (KIM) of PGIM India Small Cap Fund (‘the scheme’) and Statement of Additional Information (SAI) of PGIM India Mutual Fund. PGIM India Mutual Fund has informed that Harsh Kothari shall cease to be Fund Manager – Equity and Key Personnel of the AMC with effect from close of business hours of August 23, 2024. Accordingly, his details under ‘Informatio...
PGIM India AMC announces change in Key Personnel
PGIM India AMC announces change in Key Personnel
Source: Accord Fintech
2024-08-27 02:23:55 pm
Axis MF introduces Consumption Fund Axis Mutual Fund has launched Axis Consumption Fund, an open-ended equity scheme following consumption theme. The NFO opens for subscription on August 23, 2024 and closes on September 06, 2024. The Entry Load is not applicable for the scheme. The Exit Load will be nil - For 10% of investments if redeemed / switched-out within 12 months from the date of allotment and 1% - For remaining investments if redeemed / switched-out within 12 months from the date of allotment. There will be no exit loa...
Axis MF introduces Consumption Fund
Axis MF introduces Consumption Fund
Source: Accord Fintech
2024-08-23 02:19:24 pm
Baroda BNP Paribas MF introduces Dividend Yield Fund Baroda BNP Paribas Mutual Fund has launched Baroda BNP Paribas Dividend Yield Fund, an open-ended equity scheme predominantly investing in dividend yielding stocks. The NFO opens for subscription on August 22, 2024 and closes on September 05, 2024. The Entry Load is not applicable for the scheme. The Exit Load will be nil - If units of the Scheme are redeemed or switched out up to 10% of the units within 1 year from the date of allotment, 1% of the applicable NAV - If units of the scheme are ...
Baroda BNP Paribas MF introduces Dividend Yield Fund
Baroda BNP Paribas MF introduces Dividend Yield Fund
Source: Accord Fintech
2024-08-22 03:44:56 pm
PGIM India MF introduces Multi Cap Fund PGIM India Mutual Fund has launched PGIM India Multi Cap Fund, an open-ended equity scheme investing across large cap, mid cap, small cap stocks. The NFO opens for subscription on August 22, 2024 and closes on September 05, 2024. The Entry Load is not applicable 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 0.50% - For Exits within 90 days from da...
PGIM India MF introduces Multi Cap Fund
PGIM India MF introduces Multi Cap Fund
Source: Accord Fintech
2024-08-22 03:37:17 pm
Nippon India MF introduces Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund has launched Nippon India Nifty 500 Equal Weight Index Fund, an open-ended scheme replicating/tracking Nifty 500 Equal Weight Index. The NFO opens for subscription on August 21, 2024 and closes on September 04, 2024. The Entry Load is not applicable and Exit Load will be nil for the scheme. The minimum subscription amount is Rs 1000/- and in multiples of Re 1/- thereafter. The performance of the scheme will be benchmarked with Nifty 500 Equal Weight TRI and its fun...
Nippon India MF introduces Nifty 500 Equal Weight Index Fund
Nippon India MF introduces Nifty 500 Equal Weight Index Fund
Source: Accord Fintech
2024-08-21 10:43:39 am
39 per cent equity mutual funds beat their benchmark in July More than a hundred open-ended equity diversified mutual funds (excluding sectoral/thematic funds) have outperformed their respective benchmarks in July, a report said on Monday.  According to PL Wealth Management, Prabhudas Lilladher’s wealth management arm, out of the total 283 open-ended equity diversified mutual funds, 109 have outperformed, with the AUM (assets under management) of these equity mutual funds (excluding sectoral/thematic Funds) has surged by 5.37 per cent seq...
39 per cent equity mutual funds beat their benchmark in July
39 per cent equity mutual funds beat their benchmark in July
Source: IANS
2024-08-20 10:18:40 am
DSP Mutual Fund introduces Nifty Top 10 Equal Weight Index Fund DSP Mutual Fund has launched DSP Nifty Top 10 Equal Weight Index Fund, an open-ended scheme replicating/ tracking Nifty Top 10 Equal Weight Index. The NFO opens for subscription on August 16, 2024 and closes on August 30, 2024. The Entry Load is not applicable and Exit Load will be nil for the scheme. The minimum subscription amount is Rs 100 and any amount thereafter. The performance of the Scheme will be benchmarked against Nifty Top 10 Equal Weight TRI (Total Returns Index) and its fund...
DSP Mutual Fund introduces Nifty Top 10 Equal Weight Index Fund
DSP Mutual Fund introduces Nifty Top 10 Equal Weight Index Fund
Source: Accord Fintech
2024-08-16 03:02:35 pm
LIC AMC announces Change in Fundamental Attributes of Focused Fund LIC Mutual Fund Asset Management (AMC) has announced addendum to Information Document (SID) and Key Information Memorandum (KIM) of the scheme. LIC Mutual Fund has informed that LIC MF Focused Fund, an open-ended equity scheme investing in maximum 30 stocks (predominantly large cap), (Erstwhile LIC MF Focused 30 Equity Fund) (the scheme) of LIC Mutual Fund will be undergoing certain changes in the key features. Presently, the Scheme invests a minimum of 65% of the total assets in equity an...
LIC AMC announces Change in Fundamental Attributes of Focused Fund
LIC AMC announces Change in Fundamental Attributes of Focused Fund
Source: Accord Fintech
2024-08-16 02:59:05 pm
Axis Mutual Fund files offer document for Nifty 500 value 50 Index Fund Axis Mutual Fund has filed offer document with SEBI to launch an open ended Index Fund named ‘Axis Nifty 500 value 50 Index Fund'. The New Fund Offer price is Rs 10. Entry load will be nil and exit load for If redeemed/ switched out within 15 days from the date of allotment will be 0.25%; If redeemed/ switched out after 15 days from the date of allotment will be Nil. The Scheme offers Growth Option only for investment and seeks to collect a Minimum Target Amount of Rs 5 crore. Th...
Axis Mutual Fund files offer document for Nifty 500 value 50 Index Fund
Axis Mutual Fund files offer document for Nifty 500 value 50 Index Fund
Source: Accord Fintech
2024-08-14 02:30:14 pm
Mutual fund SIPs reach Rs 23,332 crore for first time, AUM at 64.69 lakh crore India’s mutual fund industry witnessed the highest ever Rs 23,332 crore SIP inflow in July, which in June was Rs 21,262 crore. Due to the recent increase in Systematic Investment Plans (SIPs) inflow, Assets Under Management (AUM) of the total mutual fund industry reached 64.69 lakh crore in July as against 60.89 lakh crore in June. According to the AMFI (Association of Mutual Funds in India) data, Total inflows into equity funds declined by 8.6 per cent to Rs 37,113.4 crore in the...
Mutual fund SIPs reach Rs 23,332 crore for first time, AUM at 64.69 lakh crore
Mutual fund SIPs reach Rs 23,332 crore for first time, AUM at 64.69 lakh crore
Source: IANS
2024-08-11 05:38:32 pm
Mutual funds have earned trust of Indian investors amid robust regulations: SEBI  As the financial landscape in India witnesses a significant shift, the mutual fund ecosystem has played a crucial role in this transformation, stepping up remarkably to earn the trust of Indian investors, the Securities and Exchange Board of India (SEBI) said on Friday.  Addressing industry chamber Assocham’s ‘16th Mutual Fund Summit’ in the national capital, Ananth Narayan Gopalakrishnan, Whole-Time Member, SEBI said that more and more individuals are channell...
Mutual funds have earned trust of Indian investors amid robust regulations: SEBI
Mutual funds have earned trust of Indian investors amid robust regulations: SEBI
Source: IANS
2024-08-09 06:18:23 pm
Invesco Asset Management (India) (AMC) announces temporary discontinuance of OPA Invesco Mutual Fund has informed that with effect from August 9, 2024, below mentioned Official Point of Acceptance (‘OPA’) of Transactions of the AMC shall cease to exist temporarily until further notice: Office No. 9, 2nd Floor, Navelkar Trade Center, Mahatma Gandhi Road, Panjim, Goa - 403 001. Tel No: +91 0832-6650402. All other terms & conditions of the Scheme(s) will remain unchanged, and branch will still remain operational as Non OPA. This addendum forms an integral ...
Invesco Asset Management (India) (AMC) announces temporary discontinuance of OPA
Invesco Asset Management (India) (AMC) announces temporary discontinuance of OPA
Source: Accord Fintech
2024-08-09 03:27:26 pm
ICICI Pru AMC informs about addendum to SID & KIM ICICI Prudential Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of various schemes of ICICI Prudential Mutual Fund. ICICI Prudential Mutual Fund has informed that in order to ensure compliance with SEBI and AMFI communications pertaining to industry wide limits for investment in overseas securities and to ensure that investments made in overseas securities are up to the headroom available for the schemes o...
ICICI Pru AMC informs about addendum to SID & KIM
ICICI Pru AMC informs about addendum to SID & KIM
Source: Accord Fintech
2024-08-09 03:26:00 pm
ICICI Pru MF declares IDCW under Focused Equity 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 Focused Equity Fund (the scheme). The record date for the same is August 12, 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 2.35 under IDCW and Direct Plan &ndas...
ICICI Pru MF declares IDCW under Focused Equity Fund
ICICI Pru MF declares IDCW under Focused Equity Fund
Source: Accord Fintech
2024-08-08 02:32:07 pm
Bandhan Mutual Fund introduces Nifty Bank Index Fund Bandhan Mutual Fund has launched Bandhan Nifty Bank Index Fund, an open?ended scheme tracking Nifty Bank Index. The NFO opens for subscription on August 08, 2024 and closes on August 22, 2024. The Entry load is nil 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 performance of the Scheme ...
Bandhan Mutual Fund introduces Nifty Bank Index Fund
Bandhan Mutual Fund introduces Nifty Bank Index Fund
Source: Accord Fintech
2024-08-08 02:28:39 pm
Motilal Oswal Mutual Fund files offer document for Nifty India Defence ETF Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended fund named 'Motilal Oswal Nifty India Defence ETF'. The New Fund Offer price is Rs 10. Entry and 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 crore. The performance of the scheme will be benchmarked by Nifty India Defence Total Return Index. The minimum application amount is Rs 500 per application and in mult...
Motilal Oswal Mutual Fund files offer document for Nifty India Defence ETF
Motilal Oswal Mutual Fund files offer document for Nifty India Defence ETF
Source: Accord Fintech
2024-08-05 02:16:58 pm
Mirae Asset Mutual Fund files offers document for Nifty PSU Bank ETF Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended scheme investing in allocation fund named ‘Mirae Asset Nifty PSU Bank ETF ‘. The New Fund Offer price will be units at 1/100th value of the Nifty PSU Bank closing Index. Entry load and 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 crore. The performance of the scheme will be benchmarked by Nifty PSU Bank TRI ...
Mirae Asset Mutual Fund files offers document for Nifty PSU Bank ETF
Mirae Asset Mutual Fund files offers document for Nifty PSU Bank ETF
Source: Accord Fintech
2024-07-31 03:41:57 pm
Mirae Asset Mutual Fund files offer document for Nifty Metal ETF Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended scheme investing in allocation fund named ‘Mirae Asset Nifty Metal ETF’. The New Fund Offer price will be units at 1/100th value of the Nifty PSU Bank closing Index. Entry load and 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 crore. The performance of the scheme will be benchmarked by Nifty Metal Total Retur...
Mirae Asset Mutual Fund files offer document for Nifty Metal ETF
Mirae Asset Mutual Fund files offer document for Nifty Metal ETF
Source: Accord Fintech
2024-07-31 03:39:36 pm
SBI Mutual Fund introduces Innovative Opportunities Fund SBI Mutual Fund has launched SBI Innovative Opportunities Fund, an open-ended equity scheme following the innovation theme. The NFO opens for subscription on July 29, 2024 and closes on August 12, 2024. The Entry Load is nil for the scheme. The Exit load will be 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out on or before 1 year from the date of allotment and Nil - If units purchased or switched in from another scheme o...
SBI Mutual Fund introduces Innovative Opportunities Fund
SBI Mutual Fund introduces Innovative Opportunities Fund
Source: Accord Fintech
2024-07-29 03:01:19 pm
Bajaj Finserv Mutual Fund introduces Large Cap Fund Bajaj Finserv Mutual Fund has launched Bajaj Finserv Large Cap Fund, an open-ended equity scheme predominantly investing in large cap stocks. The NFO opens for subscription on July 29, 2024 and closes on August 12, 2024. The Entry Load is nil for the scheme. The Exit load will be 1% of applicable NAV - if units are redeemed / switched out within 6 months from the date of allotment and no exit load is payable - if units are redeemed/switched out after 6 months from the date of allotment. The m...
Bajaj Finserv Mutual Fund introduces Large Cap Fund
Bajaj Finserv Mutual Fund introduces Large Cap Fund
Source: Accord Fintech
2024-07-29 11:50:38 am
Edelweiss Mutual Fund raises over Rs 1,800 crore via NFO Edelweiss Mutual Fund on Thursday announced it has raised over Rs 1,800 crore after successfully concluding the new fund offer (NFO) for the Edelweiss Business Cycle Fund.  According to one of the country’s fastest-growing asset management companies, the new open-ended equity scheme, which was open for subscription between July 9 and July 23, closed its issue with over 90,000 applications amounting to over Rs 1,800 crore. “We are delighted by the overwhelming response t...
Edelweiss Mutual Fund raises over Rs 1,800 crore via NFO
Edelweiss Mutual Fund raises over Rs 1,800 crore via NFO
Source: IANS
2024-07-25 03:59:50 pm
Kotak Mahindra Mutual Fund introduces Nifty Midcap 50 Index Fund Kotak Mahindra Mutual Fund has launched Kotak Nifty Midcap 50 Index Fund, an open-ended scheme replicating/tracking the NIFTY Midcap 50 Index. The NFO opens for subscription on July 25, 2024 and closes on August 08, 2024. No Entry Load shall be charged for the scheme. The exit load is nil for the scheme. The minimum subscription amount is Rs 100/- and any amount thereafter. The performance of the Scheme will be benchmarked with Nifty Midcap 50 Index (Total Return Index) and its fund manage...
Kotak Mahindra Mutual Fund introduces Nifty Midcap 50 Index Fund
Kotak Mahindra Mutual Fund introduces Nifty Midcap 50 Index Fund
Source: Accord Fintech
2024-07-25 02:19:31 pm
Invesco Mutual Fund introduces India Manufacturing Fund Invesco Mutual Fund has launched Invesco India Manufacturing Fund, an open-ended equity scheme following manufacturing theme. The NFO opens for subscription on July 25, 2024 and closes on August 08, 2024. The Entry Load is nil for the scheme. For each purchase of units through Lumpsum / switch-in / Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) and IDCW Transfer Plan, exit load will be as follows: The Exit load will be 0.50% - if units are redeemed/switched out on or before...
Invesco Mutual Fund introduces India Manufacturing Fund
Invesco Mutual Fund introduces India Manufacturing Fund
Source: Accord Fintech
2024-07-25 02:16:06 pm
Aditya Birla SL AMC announces change in key personnel Aditya Birla Sun Life AMC has announced addendum to the Statement of Additional Information (SAI) of Aditya Birla Sun Life Mutual Fund. Dilip Zujam, a Key Personnel is designated as Fund Manager - Fixed Income with effect from Friday, July 19, 2024. Brief profile of Dilip Zujam is as follows: Dilip Zujam is associated with Aditya Birla Sun Life AMC (ABSLAMC) since 2007. He has an experience of more than 14 years in dealing activities in the debt segment. Prior to joining ABSLAMC, he was assoc...
Aditya Birla SL AMC announces change in key personnel
Aditya Birla SL AMC announces change in key personnel
Source: Accord Fintech
2024-07-23 12:53:04 pm
SBI Mutual Fund files offer document for Nifty 500 Index Fund SBI Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘SBI Nifty 500 Index Fund’. Offer price will be Rs 10. Entry load will be nil. For exit on or before 15 days from the date of allotment exit load will be 0.25%; For exit after 15 days from the date of allotment exit load will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment. The minimum target subscription amount for the Scheme to be r...
SBI Mutual Fund files offer document for Nifty 500 Index Fund
SBI Mutual Fund files offer document for Nifty 500 Index Fund
Source: Accord Fintech
2024-07-19 04:12:26 pm
HDFC AMC announces change in Information on Key Personnel HDFC Asset Management Company (AMC) has announced addendum to the Statement of Additional Information (‘SAI’) of HDFC Mutual Fund. HDFC Mutual Fund has informed that Sonali Chandak, Company Secretary & Head – Legal Designate has now been appointed as ‘Company Secretary & Head – Legal’ of HDFC Asset Management Company with effect from July 16, 2024. Consequently, all references in the SAI should be read accordingly.  Sylvia Furtado, Compan...
HDFC AMC announces change in Information on Key Personnel
HDFC AMC announces change in Information on Key Personnel
Source: Accord Fintech
2024-07-19 04:09:44 pm
Tata AMC announces shifting of Pune branch Tata Asset Management Company (AMC) has announced that addendum to the Scheme Information Document (s) (SIDS) / Key Information Memorandum(s) (KIMS) of Specified Scheme(s) and Statement of Additional Information (SAI) of Tata Mutual Fund. Tata Asset Management (TAMPL) Pune Branch of Tata Asset Management will be temporarily shifting from ‘Yeshwant Building, Office No.33, 3rd Floor, Opp. Lane No. 9, Prabhat Road, Erandawane, Pune - 411 004’ to new premises at ‘Co Creators ...
Tata AMC announces shifting of Pune branch
Tata AMC announces shifting of Pune branch
Source: Accord Fintech
2024-07-18 04:26:24 pm
ITI AMC announces IDCW ITI Mutual Fund Trustee, has approved the distribution under Income Distribution cum Capital Withdrawal Option (IDCW Option) of the Scheme, subject to availability of distributable surplus on the record date on July 19, 2024.   The IDCW for ITI Balanced Advantage Fund with face value of Rs 10 per unit will be Rs 0.10 per unit for regular plan and Direct Plan. While NAV of IDCW as on 15 th July 2024 will be Rs 13.37 per unit for regular plan and Rs 14.71 per unit for Direct Plan.
ITI AMC announces IDCW
ITI AMC announces IDCW
Source: Accord Fintech
2024-07-18 04:22:29 pm
ICICI Prudential AMC announces change in Market Maker/Authorized Participant ICICI Prudential Asset Management Company (AMC) has announced addendum to the Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of the Schemes. ICICI Prudential Mutual Fund has informed that existing Market Maker/Authorized Participant for ICICI Prudential Nifty 10 yr Benchmark G-Sec ETF and ICICI Prudential Nifty 5 yr Benchmark G-Sec ETF (the schemes) ‘JM Financial Products’ has been replaced by ‘Kanjalochana Finserve’, with immediate effec...
ICICI Prudential AMC announces change in Market Maker/Authorized Participant
ICICI Prudential AMC announces change in Market Maker/Authorized Participant
Source: Accord Fintech
2024-07-18 04:16:57 pm
Navi MF introduces Nifty 500 Multicap 50:25:25 Index Fund Navi Mutual Fund has launched Navi Nifty 500 Multicap 50:25:25 Index Fund, an open-ended scheme replicating/ tracking Nifty 500 Multicap 50:25:25 index. The NFO opens for subscription on July 18, 2024 and closes on July 30, 2024. The Entry Load is not applicable and Exit Load will be nil for the scheme. The minimum subscription amount is Rs 10 and in multiples of Re 1 thereafter. The performance of the Scheme will be benchmarked with Nifty 500 Multicap 50:25:25 Index and its fund managers ...
Navi MF introduces Nifty 500 Multicap 50:25:25 Index Fund
Navi MF introduces Nifty 500 Multicap 50:25:25 Index Fund
Source: Accord Fintech
2024-07-18 10:42:12 am
Groww Mutual Fund files offer document for Nifty India Defence ETF Groww Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Groww Nifty India Defence ETF’. Offer for Sale of Units at 1/100th value of the Nifty India Defence closing Index as on the date of allotment for applications received during NFO. Exit load will be Nil. The Scheme does not offer any Plans/Options for investment. The minimum target subscription amount for the Scheme to be raised is Rs 5 crore. The performance of the scheme will be benchmar...
Groww Mutual Fund files offer document for Nifty India Defence ETF
Groww Mutual Fund files offer document for Nifty India Defence ETF
Source: Accord Fintech
2024-07-17 12:56:34 pm
Bandhan Mutual Fund files offer document for Business Cycle Fund Bandhan Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Bandhan Business Cycle Fund’. Offer price for units will be Rs 10 each for cash during NFO. Exit load if redeemed/switched out on/within 30 days from the date of allotment will be 0.5% of applicable NAV; and if redeemed/switched out after 30 days from the date of allotment will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investme...
Bandhan Mutual Fund files offer document for Business Cycle Fund
Bandhan Mutual Fund files offer document for Business Cycle Fund
Source: Accord Fintech
2024-07-17 12:40:53 pm
Aditya Birla SL AMC announces record date for distribution in Balanced Advantage Fund Aditya Birla Sun Life AMC has announced that the Trustees of Aditya Birla Sun Life Mutual Fund have approved Friday, July 19, 2024 as the Record Date for declaration of distribution under the Income Distribution cum Capital Withdrawal (IDCW) option in Aditya Birla Sun Life Balanced Advantage Fund (An open ended Dynamic Asset Allocation fund), 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 0.156 under Regu...
Aditya Birla SL AMC announces record date for distribution in Balanced Advantage Fund
Aditya Birla SL AMC announces record date for distribution in Balanced Advantage Fund
Source: Accord Fintech
2024-07-17 12:01:25 pm
HDFC MF announces IDCW record date under Arbitrage 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 Arbitrage Fund, an Open-ended Scheme investing in Arbitrage Opportunities (the Scheme) and fixed on Thursday, July 18, 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 ...
HDFC MF announces IDCW record date under Arbitrage Fund
HDFC MF announces IDCW record date under Arbitrage Fund
Source: Accord Fintech
2024-07-16 03:02:59 pm
Quant MF announces corrigendum to notice cum addendum Quant Mutual Fund has informed that corrigendum being issued in continuation of notice cum addendum No. 10/2024 issued on July 03, 2024, that Harshal Patel resigned from his position as Chief Financial Officer effective February 19, 2024, with his last day of employment being May 19, 2024 following the completion of his three month notice period. Additionally, Shashi Kataria jointed quant Money Managers on June 10, 2024 and has been appointed as Chief Financial Officer, Operations - Head and ...
Quant MF announces corrigendum to notice cum addendum
Quant MF announces corrigendum to notice cum addendum
Source: Accord Fintech
2024-07-16 01:38:06 pm
Equity mutual funds` AUM reach Rs 23.8 lakh crore in June in India The assets under management (AUM) of equity mutual funds witnessed a growth of 8.27 per cent sequentially to reach Rs 23,84,727 crore in June, from Rs 22,02,497 crore in May (excluding sectoral/thematic funds), a report showed on Monday.  Around 57 per cent of the funds were able to outperform their respective benchmarks over the past one month, ended June 30, said the report by PL Wealth Management, Prabhudas Lilladher’s wealth management arm. The report was based on the stu...
Equity mutual funds` AUM reach Rs 23.8 lakh crore in June in India
Equity mutual funds` AUM reach Rs 23.8 lakh crore in June in India
Source: IANS
2024-07-15 01:41:41 pm
Aditya Birla SL AMC announces change in address of existing OPAT in West Bengal 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 No.7, Block No. 5, Club Town, Tegharia, VIP Road, Kolkata - 700 052, West Bengal is shifting to new premises with effective from Monday July 15, 2024. New Address: 5th Floor, Bartaman Building, DK-3, Sector-II, Salt...
Aditya Birla SL AMC announces change in address of existing OPAT in West Bengal
Aditya Birla SL AMC announces change in address of existing OPAT in West Bengal
Source: Accord Fintech
2024-07-15 11:51:17 am
Mutual funds raise Rs 14,370 crore via new fund offers in June Mutual fund industry witnessed strong inflow via new fund offers (NFOs) in June as 11 NFOs of different fund houses collected Rs 14,370 crore last month.   It is the highest-ever inflow in new offerings. The previous high was recorded in July 2021 when four NFOs had raised Rs 13,709 crore. Thirty active equity schemes have been launched by mutual funds in the first half of 2024, compared to 51 in the entire 2023. An investment of Rs 37,885 crore has been made in NFOs from the be...
Mutual funds raise Rs 14,370 crore via new fund offers in June
Mutual funds raise Rs 14,370 crore via new fund offers in June
Source: IANS
2024-07-13 03:27:16 pm
HDFC Mutual Fund files offer document for Nifty 10 yr Benchmark G-Sec ETF HDFC Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘HDFC Nifty 10 yr Benchmark G-Sec ETF'. Offer price for units will be 1/100th of the Value of the Underlying Index. Exit load will be Nil. There shall be no Plans / Options under the Scheme. The minimum target subscription amount for the Scheme to be raised is Rs 10 crore. The performance of the scheme will be benchmarked by Nifty 10 yr Benchmark G-Sec Index (TRI). The minimum application amo...
HDFC Mutual Fund files offer document for Nifty 10 yr Benchmark G-Sec ETF
HDFC Mutual Fund files offer document for Nifty 10 yr Benchmark G-Sec ETF
Source: Accord Fintech
2024-07-12 04:52:55 pm
PGIM India MF announces IDCW under Hybrid Equity 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 Hybrid Equity Fund (scheme) of PGIM India MF with July 16, 2024 as the record date. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.1844 under Regular Plan - Monthly IDCW Option and Rs 0.2023 under Direct Plan - Monthly IDCW Option.
PGIM India MF announces IDCW under Hybrid Equity Fund
PGIM India MF announces IDCW under Hybrid Equity Fund
Source: Accord Fintech
2024-07-12 02:39:08 pm
Canara Robeco MF introduces Balanced Advantage Fund Canara Robeco Mutual Fund has launched Canara Robeco Balanced Advantage Fund, an open-ended Dynamic Asset Allocation Fund. The NFO opens for subscription on July 12, 2024 and closes on July 26, 2024. The Entry Load is nil for the scheme. The Exit load will be 1% - if redeemed/switched out above 12% of allotted units within 365 days from the date of allotment, Nil - if redeemed/switched out upto 12% of allotted units within 365 days from the date of allotment and No Exit Load - if redeemed/swi...
Canara Robeco MF introduces Balanced Advantage Fund
Canara Robeco MF introduces Balanced Advantage Fund
Source: Accord Fintech
2024-07-12 02:31:09 pm
Tata AMC announces opening of new branch at Kottayam Tata Asset Management Company (AMC) has announced that addendum to the Scheme Information Document (s) (SIDS) / Key Information Memorandum(s) (KIMS) of Specified Scheme(s) and Statement of Additional Information (SAI) of Tata Mutual Fund. Tata Asset Management (TAMPL) is opening a new branch in Kottayam which will be operational and an additional point of acceptance at ‘1st Floor, Pulimoottil Arcade, Kanjikuzhy, Kottayam - 686004. Tel: (0481) 2568450’ from the effective date Ju...
Tata AMC announces opening of new branch at Kottayam
Tata AMC announces opening of new branch at Kottayam
Source: Accord Fintech
2024-07-11 04:56:05 pm
SIP investments hit Rs 21,262 crore in June, mutual fund industry at record Rs 61.15 lakh crore Systematic investment plan (SIP) investments reached Rs 21,262 crore in June in the country, up from Rs 20,904 crore in May, the latest data from the Association of Mutual Funds in India (AMFI) said on Tuesday.  This marks the third consecutive month where SIP inflows have exceeded Rs 20,000 crore. According to Gopal Kavalireddi, Vice President of Research at FYERS, despite major events like year-end earnings, general elections, release of GDP and other economic data, and Rs 75,000...
SIP investments hit Rs 21,262 crore in June, mutual fund industry at record Rs 61.15 lakh crore
SIP investments hit Rs 21,262 crore in June, mutual fund industry at record Rs 61.15 lakh crore
Source: IANS
2024-07-09 05:40:57 pm