Tata Nifty Financial Services Index Fund, launched by Tata Mutual Fund, is an open-ended index fund that aims to mirror the performance of the Nifty Financial Services Index (TRI). The scheme doesn’t guarantee returns but seeks to deliver results similar to the index, with a minimal tracking error. There is no entry load, but an …
Tata Mutual Fund has launched a new open-ended gold exchange-traded fund (ETF) named Tata Gold Exchange Traded Fund (NFO). The fund aims to generate returns that mirror the performance of physical gold in domestic prices, but it’s important to note that there’s no guarantee of achieving this objective. The new fund offer (NFO) opened on …
Sundaram Mutual Fund has launched a new open-ended hybrid scheme, Sundaram Multi Asset Allocation Fund, to generate long-term capital appreciation. The scheme will invest in equity & equity-related securities, debt & money market instruments, and gold ETFs. The New Fund Offer (NFO) opens on January 5, 2024, and closes on January 19th, 2024. The minimum …
SBI Nifty50 Equal Weight Index Fund is an open-ended index fund scheme launched by SBI Mutual Fund on 16th January 2024. The scheme aims to provide returns that correspond to the total returns of the securities as represented by the underlying index, but there is no guarantee of achieving this objective. The minimum subscription amount …
Quant Mutual Fund’s quant PSU Fund is an open-ended equity scheme focused on the thematic investment in Public Sector Undertakings (PSUs). Launched on February 2nd, 2024, it aims for long-term capital appreciation by primarily investing in equity and equity-related securities of PSUs. This new fund offers closes on February 15th, 2024, and requires a minimum …
PGIM India Large and Midcap Fund is an open-ended equity scheme launched on January 24, 2024, that invests in both large-cap and mid-cap stocks to achieve long-term capital growth. It has a minimum investment of Rs 5,000 and an exit load of 0.50% if redeemed within 90 days of allotment. The new fund offer is …
Nippon India Fixed Maturity Plan XLVI Series 3 (NFO) is a close-ended income scheme launched by Nippon India Mutual Fund. The scheme aims to generate returns and capital growth by investing in a diversified portfolio of government and other fixed income securities maturing on or before the scheme’s maturity date, with the goal of limiting …
Nippon India Mutual Fund has launched two new index funds: Nippon India Nifty Bank Index Fund and Nippon India Nifty IT Index Fund. Both funds aim to offer investment returns in line with their respective benchmark indices – the Nifty Bank Index and Nifty IT Index – before expenses. This means the funds will passively …
In the first three quarters of FY 2024, the mutual fund industry witnessed significant activity. Over this period, a total of 122 mutual fund schemes were operational through new fund offers (NFO), comprising a diverse range of investment options across debt, equity, hybrid, solution-oriented, and other specialized categories. The cumulative funds mobilized during this period …
The Bajaj Finserv Large and Mid-Cap Fund is an open-ended equity scheme aiming for long-term capital appreciation through investments in a diversified portfolio of large and mid-cap stocks across various sectors. Launched on February 6th, 2024, it has a new fund offer (NFO) closure date of February 20th. There’s no entry load, but an exit …
