This fund aims to replicate the CRISIL-IBX AAA Financial Services Index, which serves as a benchmark for tracking AAA-rated bonds in the financial services sector. With a fixed maturity date set for January 2028, it allows investors to have a clear timeline for their investment. The ICICI Prudential CRISIL-IBX AAA Financial Services Index—January 2028 Fund …
Invesco Mutual Fund has announced the launch of the Invesco India Multi Asset Allocation Fund, an open-ended scheme designed to diversify investments across equity, debt, and gold or silver ETFs. Targeted at investors aiming for long-term capital appreciation or income, this fund offers a balanced portfolio with exposure to multiple asset classes. The New Fund …
Tata Asset Management has unveiled the Tata BSE Select Business Group Index Fund, an open-ended mutual fund that tracks the BSE Select Business Groups Index. This fund offers investors a strategic opportunity to invest in companies from seven of India’s largest conglomerates, spanning 19 diverse industries and aligning with the nation’s economic growth. About the …
Union Mutual Fund has filed the scheme information deed (SID) to launch the Union Short Duration Fund. It is an open-ended short-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 Year to 3 Years. Investment Objective Union Short Duration Fund is an actively managed Scheme with an …
The Motilal Oswal Business Cycle Fund, a thematic mutual fund, has been making headlines for its stellar performance. Launched on August 27, 2024, this fund has outperformed its benchmark and category average by significant margins, making it a standout performer in the mutual fund industry. Net Asset Value (NAV): Rs 12.01 (as of November 26, …
LIC Mutual Fund, a prominent name in the mutual fund space, has announced an income distribution under its Direct and Regular Plans for its LIC MF Aggressive Hybrid Fund. This update brings important financial information for investors seeking regular income through hybrid investment vehicles. Details of the Distribution The fund has set November 28, 2024, …
The recent recovery in the Indian stock markets has brought renewed attention to the Defence sector, once a favourite among investors. After a phase of sharp corrections, most Defence stocks have shown a strong bounce back over the past week, regaining their lost glory. Amid this resurgence, the performance of sectoral mutual funds focused on …
The Bank of India Mutual Fund has launched its latest thematic offering, the Bank of India Consumption Fund. As an open-ended equity scheme, this fund targets investments in companies driving consumption and its allied sectors. By focusing on this rich sector, the fund aims to tap into India’s evolving consumer landscape, which seems ready for …
Baroda BNP Paribas Mutual Fund has declared income distribution under two of its hybrid schemes: Baroda BNP Paribas Balanced Advantage Fund and Baroda BNP Paribas Conservative Hybrid Fund. Investors can expect this payout in the form of Income Distribution cum Capital Withdrawal (IDCW). Here’s a look at the announcement and what it entails. Highlights of …
Adani Group stocks tumbled on November 26, 2024, after Fitch Ratings put some group bonds on negative watch. This follows accusations by US authorities of a $265 million bribery scheme to secure renewable energy contracts, implicating Gautam Adani, Sagar Adani, and associates. Ripple Effects of the Bribery Allegations The fallout of these accusations is evident …
