For investors seeking long-term wealth creation, both Systematic Investment Plans (SIPs) in mutual funds and Public Provident Fund (PPF) are popular choices. However, they differ significantly in terms of risk, returns, and liquidity. Suppose you invest ₹1,20,000 per year in both instruments for 20 years. How much corpus will you generate by the end of …
As the financial year draws to a close, individuals rush to optimise their tax liabilities and explore tax-saving instruments under Section 80C of the Income Tax Act. The old tax regime allows deductions of up to ₹1.5 lakh per annum, making tax-saving investments a strategic move to reduce taxable income. One of the most popular …
Quant Mutual Fund has launched a new open-ended scheme, Quant Arbitrage Fund, to capitalise on arbitrage opportunities in the equity and derivative segments. The New Fund Offer (NFO) opens on March 18, 2025, and closes on March 27, 2025. This scheme falls under the Hybrid: Arbitrage category and aims to generate income and capital appreciation …
Aditya Birla Sun Life Mutual Fund has launched the CRISIL-IBX Financial Services 9-12M Debt Index Fund, an open-ended low-duration debt scheme. The fund aims to generate returns corresponding to the CRISIL-IBX Financial Services 9-12 Months Debt Index before expenses, subject to tracking errors. The NFO opens on March 18, 2025, and closes on March 20, …
Key Highlights High Safety: The scheme will invest in Tri-Party Repos (TREPS) on Government Securities (G-Secs) and Treasury Bills (T-Bills), making it a relatively low credit-risk investment. No Mark-to-Market (MTM) Risk: Since the ETF will invest in instruments with overnight maturity, there will be no price volatility due to interest rate changes or MTM risk. Liquidity …
ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Nifty EV & New Age Automotive ETF, an open-ended exchange-traded fund (ETF) designed to track the performance of the Nifty EV & New Age Automotive Index. For investors who do not have a Demat account, the fund house is also introducing the ICICI …
Edelweiss Mutual Fund has announced that Bharat Bond FOF – April 2025 will merge into Bharat Bond FOF – April 2030, effective April 16, 2025. Following the merger, Bharat Bond FOF – April 2025 will no longer exist, and its investors will become unitholders of Bharat Bond FOF – April 2030. Impact on Investors As …
Nippon India Mutual Fund has announced the merger of 2 fixed maturity schemes into an existing liquid fund. The changes will take effect from April 22, 2025. Schemes Being Merged The following schemes will be merged into Nippon India Liquid Fund: Nippon India Monthly Interval Series II Nippon India Monthly Interval Series I After the …
Mutual fund investors looking for periodic income distributions have fresh updates from ICICI Prudential Mutual Fund and Mirae Asset Mutual Fund. Both fund houses have declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option across select schemes. The record date for these distributions is March 20, 2025. Mirae Asset Mutual Fund Mirae …
The Nifty 50 index has witnessed a sharp recovery, surging over 1,000 points from its March 4, 2025, low and surpassing the 23,000 mark on March 20. This rebound has provided a much-needed boost to oversold stocks and sectors, triggering a sharp rally in specific themes such as Defence and Public Sector Undertaking (PSU) stocks. …
