As the largest value fund in India by Closing Assets Under Management (AUM), the ICICI Prudential Value Discovery Fund has successfully completed 20 years of wealth creation and investor trust. This fund has become a beacon of value investing in the Indian market, and its journey over the past two decades stands as a testament …
Baroda BNP Paribas Mutual Fund has launched a new open-ended equity scheme: Baroda BNP Paribas Dividend Yield Fund. The New Fund Offer (NFO) opened on August 22, 2024, and will close on September 05, 2024. The minimum subscription amount has been set at ₹1,000 as per the scheme information deed (SID). Investment Objective The investment …
Mutual funds demonstrated increased activity in July, actively participating in both anchor books of newly listed companies and initial public offerings (IPOs). Emcure Pharmaceuticals emerged as the most popular choice among mutual funds, with a significant portion of their investments allocated to this newly listed company. Data reveals that mutual funds purchased 6.59 million shares …
Sectoral and thematic funds have emerged as the dominant investing categories, attracting significant inflows and outperforming traditional large-cap active funds. A recent report from DSP Mutual Fund reveals that these funds have delivered impressive returns, averaging 24 %, with some top performers reaching up to 40 %. In contrast, large-cap active funds have witnessed a …
Balancing Stability and Growth with Multicap Funds Multicap mutual funds are designed to offer the best of both worlds by allocating investments across large, mid, and small-cap companies. This strategy provides a blend of stability and potential for growth, making them a favored choice for investors. The Association of Mutual Funds in India (AMFI) mandates …
Aditya Birla Sun Life Mutual Fund, a joint venture between Aditya Birla Group and Sun Life Financial has recently launched the Aditya Birla Sun Life Nifty India Defence Index Fund, offering investors an opportunity to directly engage with the financial journey of India’s defense sector. This new open-ended index fund aims to track the Nifty …
Franklin Templeton Investments was established in 1947. Asset management services have been offered by the company to retail, institutional, and high-value clients since its foundation.Mutual funds and other investment vehicles such as exchange-traded funds (ETFs), private funds, and separately managed accounts are all offered by it. The company offers schemes like equity, fixed income, multi-asset, …
July 2024 was a stellar month for small-cap stocks in India, with the Nifty Smallcap 250 Index surging by nearly 5% and touching an all-time high of 18,038.10. This marked the second consecutive month of gains for the index, significantly outperforming the frontline indices. The remarkable performance of small-cap stocks caught the attention of mutual …
Nippon India Mutual Fund, a leading asset management company (AMC), has launched the nation’s first scheme based on the Nifty 500 Equal Weight Index. The new fund offer (NFO) for Nippon India Nifty 500 Equal Weight Index Fund is likely to open on August 21 and close on September 4. Nippon India Nifty 500 Equal …
IndusInd Bank has secured approval from the Reserve Bank of India (RBI) to establish a mutual fund business. The bank will set up a wholly-owned subsidiary to undertake asset management activities. Key Highlights IndusInd Bank receives RBI approval for mutual fund business Establishment of a wholly-owned subsidiary Strategic partnership with Invesco Ltd. Diversification of product …
