Investing is a crucial aspect of financial planning, and for salaried individuals, making the right investment choices is essential to achieving their financial goals. In 2024, the investment landscape will be more dynamic, with various options available, and the path to financial success will not be one-size-fits-all. Central to this idea is the critical consideration …
Tax-saving mutual funds or equity-linked savings schemes are specially designed investment instruments that allow investors to save tax under section 80C of the Income Tax Act. If tax saving is your concern, this article is for you. Before we begin, let’s familiarise ourselves with ELSS funds. What are ELSS funds? Tax-saving mutual funds offer tax …
PSU mutual funds have been the talk of the town in the past year, with some schemes generating eye-popping returns of up to 88%. This stellar performance marks a significant turnaround for the sector. Let’s delve deeper into the factors driving this growth, and explore how these funds have stacked up against benchmarks. Scheme Name …
Dividend mutual funds have become increasingly popular among investors seeking a balance between income and capital appreciation. These funds offer a unique opportunity to benefit from both regular dividend payments and the potential for long-term capital growth. What is a Dividend Mutual Fund? Dividend mutual funds are a type of equity fund that primarily invests …
Quant Mutual Fund experienced a significant shift in investor sentiment following front-running allegations. During the week of June 17th to 21st, the fund saw a substantial net inflow of Rs 1905 crore. However, the subsequent week from June 24th to 28th, there was a reversal due to the news of the front-running case in quant …
Groww has taken a significant step in expanding its investment offerings by filing a draft paper with SEBI for the Groww Nifty India Defence ETF. This scheme is designed to achieve long-term capital growth by investing in securities that constitute the Nifty India Defence Index, aiming to mirror the total return of the index before …
Motilal Oswal Mutual Fund has launched a new open-ended equity scheme named Motilal Oswal Manufacturing Fund. The investment objective of this thematic fund is to achieve long-term capital appreciation by investing in equity and equity-related instruments of companies engaged in manufacturing activities. The new fund offering opened on July 19, 2024, and will close on …
Bank of India Multi Asset Allocation Fund is a new open-ended fund launched on February 7th, 2024, aiming for long-term capital growth through a mix of equity, debt, and gold investments. It has a minimum investment of Rs 5,000 and offers indexation benefits for tax purposes. While there’s no exit load after one year, there’s …
Navi Nifty 500 Multicap 50:25:25 Index Fund is an open-ended index fund launched by Navi Mutual Fund on July 18, 2024. The investment objective of this scheme is to track the performance of the Nifty 500 Multicap 50:25:25 Index, which means the fund will invest in the same proportion of stocks that are included in …
The Securities and Exchange Board of India (SEBI) has introduced new regulations aimed at enhancing the ease of doing business for Mutual Funds (MFs). This article delves into the key aspects of SEBI’s circular dated July 8, 2024, which streamlines prudential norms for passive schemes regarding exposure to securities of group companies of the sponsor …
