The Indian mutual fund landscape witnessed notable shifts in December 2024, as open-ended equity mutual fund inflows soared despite muted market performance. According to data released by the Association of Mutual Funds of India (AMFI) on January 9, inflows were driven by strong interest in thematic/sectoral and small-cap funds. However, the overall industry saw significant …
The mutual fund industry in India has witnessed remarkable growth in 2024, with data from the Association of Mutual Funds in India (AMFI) showcasing significant expansion across multiple fund houses. In this analysis, we explore the asset under management (AUM) growth trends, highlighting the leading players and their performance over the past year. Top Performers …
Public Sector Undertaking (PSU)-themed mutual funds, which focus on investments in state-owned enterprises, have garnered attention for their unique positioning in the market. However, the past three months have posed challenges, with several funds recording negative returns. Recent Performance Trends Over the past three months, PSU-themed mutual funds have struggled, with losses of up to …
The DSP Credit Risk Fund is an open-ended debt scheme designed to predominantly invest in AA and below-rated corporate bonds, excluding AA+ rated bonds. It offers relatively high interest rate risk and credit risk, making it a unique option within the debt fund category. The primary investment objective is to generate returns commensurate with the …
ITI Mutual Fund has announced an income distribution of ₹0.10 per unit under the IDCW (Income Distribution cum Capital Withdrawal) option for its ITI Balanced Advantage Fund. This distribution applies to both regular and direct plans of the fund. Record Date for Eligibility The record date for this income distribution is January 9, 2025. Investors …
ICICI Prudential Mutual Fund has submitted its draft proposal for the ICICI Prudential BSE Liquid Rate ETF – Growth. This new fund aims to provide a short-term savings solution, aligning with the BSE Liquid Rate Index for relatively low credit and interest rate risks. Investment Objective & Strategy The ETF is designed to deliver returns …
Kotak Mutual Fund has announced a revision in the exit load structure for its Kotak Transportation & Logistics Fund. Previously, an exit load of 1% was applicable for redemptions made within 30 days of investment. Effective immediately from December 23, 2024, this has been revised to 1% for redemptions within 90 days. NFO Timeline and …
Mirae Asset Mutual Fund has announced a revision in the exit load structure for select hybrid schemes, effective January 1, 2025. The changes impact three schemes: Mirae Asset Balanced Advantage Fund, Mirae Asset Multi Asset Allocation Fund, and Mirae Asset Equity Savings Fund. Here’s a look at the updates: Mirae Asset Balanced Advantage Fund The …
ITI Asset Management Company Ltd (ITI AMC), founded in 2019, has achieved a significant milestone by surpassing ₹10,000 crore in assets under management (AUM) as of December 3, 2024. This milestone underscores the AMC’s rapid growth and consistent focus on delivering value to its investors. The Inception and Growth Story ITI AMC launched its journey …
Tata AIA Life Insurance Co. Ltd. has announced the launch of its Tata AIA Multicap Momentum Quality Index Fund, a new fund offer (NFO) designed to generate long-term capital appreciation. The NFO will be open for subscription from December 24, 2024, to December 31, 2024. Investment Approach and Strategy The fund adopts a systematic, factor-based …
