A surge in Sectoral and Thematic Fund Inflows The Association of Mutual Funds of India (AMFI) released data on June 10, revealing a significant inflow of Rs 19,213 crore in the sectoral and thematic fund category for May. This surge was primarily driven by the new fund offer (NFO) of HDFC Manufacturing Fund, which played …
Mirae Asset Mutual Fund announced the launch of Mirae Asset Nifty EV and New Age Automotive ETF, an open-ended scheme tracking NIFTY EV and New Age Automotive Total Return Index. This fund will be India’s first exchange-traded fund (ETF) focused on Electric Vehicles and the New Age automotive segment. How will it work? The new …
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund is an Open-Ended mutual fund scheme launched by Mirae Asset Mutual Fund on July 8th, 2024. The scheme aims to provide long-term capital appreciation by investing in units of Mirae Asset Nifty200 Alpha 30 ETF. The New Fund Offer closes on July 22nd, 2024 and requires …
Mirae Asset Investment Managers (India) Pvt. Ltd. has announced the launch of the Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund. This new open-ended fund of fund scheme will invest in units of the Mirae Asset Nifty200 Alpha 30 ETF. New Fund Offer Details The New Fund Offer (NFO) for this scheme opens on …
Mahindra Manulife Mutual Fund launched a new open-ended equity scheme named Mahindra Manulife Manufacturing Fund. This thematic fund aims for long-term capital appreciation by investing in companies across various manufacturing sectors. The New Fund Offer (NFO) is open for subscription from May 31, 2024, and closes on June 14, 2024. There is no entry load, …
Kotak Special Opportunities Fund is an open-ended equity thematic scheme that aims for long-term capital appreciation by investing in companies undergoing special situations like specific events, restructuring, policy changes, technological disruptions, or temporary challenges launched by Kotak Mutual Fund. The scheme benchmarks its performance against the Nifty 500 TRI. There is no exit load if …
Kotak Mahindra Mutual Fund has launched an Open-Ended Index Fund, Kotak Nifty Midcap 50 Index Fund, on July 25, 2024. Aiming to replicate the Nifty Midcap 50 Index, the fund seeks to deliver returns matching the index, excluding expenses. The New Fund Offer (NFO) closes on August 8, 2024, with a minimum investment of INR …
Kotak Mahindra Mutual Fund has launched a new open-ended fund named Kotak BSE PSU Index Fund. The objective of this scheme is to provide returns that mirror the total returns of the underlying index, BSE PSU TRI, before accounting for expenses. There is no guarantee that the scheme will achieve its objective. The minimum investment …
Invesco India Manufacturing Fund is a new open-ended equity fund offered by Invesco Mutual Fund. Launched on 25 July 2024 and closing on 8 August 2024, the fund aims to generate capital appreciation by investing in equity and equity-related instruments of manufacturing companies. It falls under the sectoral/thematic category and requires a minimum investment of …
ICICI Prudential Mutual Fund launched a new open-ended thematic equity scheme named ICICI Prudential Energy Opportunities Fund. The scheme aims for long-term capital appreciation by investing in companies engaged in traditional and new energy sectors, including exploration, production, distribution, transportation, and processing activities. The investment in oil & gas, utilities, and power sectors are also …
