A public interest litigation (PIL) filed in the Bombay High Court claims that the Association of Mutual Funds in India (AMFI) runs “misleading” and “deceptive” advertisements under the tagline “Mutual Funds Sahi Hai.” The petitioner, a chartered accountant, alleges these ads promote mutual funds recklessly, with no factual basis or rationale. Criticism of Campaign Content …
Bajaj Finserv Mutual Fund is introducing the ELSS Tax Saver Fund, an open-ended equity-linked savings scheme (ELSS) designed to offer long-term capital appreciation along with tax-saving benefits. This scheme will provide investors an opportunity to participate in equity markets while availing tax deductions under Section 80C of the Income Tax Act, 1961. The New Fund …
UTI Nifty 50 Index Fund Regular Plan Growth has achieved a significant milestone, crossing an Assets Under Management (AUM) of ₹20,082.94 crore as of November 2024. This milestone underscores investor confidence in passive investing and the fund’s ability to track the Nifty 50 Index effectively. Investment Objective: Passive Growth Potential The principal objective of the …
Mirae Asset Investment Managers (India) Pvt. Ltd. has achieved a significant milestone of ₹2 lakh crore in assets under management (AUM). This remarkable feat underscores its position as one of India’s fastest-growing mutual fund houses, with an impressive CAGR of 54% over the last five years. A Journey of Resilience and Growth Founded in 2008, …
If you’re aiming to hit two financial goals with one stone—building wealth while saving taxes—Equity-Linked Saving Schemes (ELSS), commonly known as tax-saving mutual funds, can be a fitting choice. These funds not only offer tax deductions under Section 80C but also inculcate long-term investing discipline through a mandatory three-year lock-in period. In this article, we’ll …
Debt SIP (Systematic Investment Plan) mutual funds allow investors to invest in fixed-income securities through regular, systematic contributions. These funds primarily invest in bonds, government securities, and money market instruments. Debt funds experienced moderate growth of ~7% in FY 2024, reaching assets of ₹12.62 lakh crore, after contracting 2% and 9% in FY 2022 and …
Aditya Birla Sun Life Mutual Fund has declared the record date for Income Distribution cum Capital Withdrawal (IDCW) across several of its schemes. The record date for the distribution is December 20, 2024. Here are the details of the schemes and the distribution amounts for both the regular and direct plans. Schemes & IDCW Details …
SBI Mutual Fund has announced a major update to the exit load structure of its SBI Long Duration Fund, with the revised terms coming into effect on December 19, 2024. This update aims to provide a more straightforward and flexible redemption process for prospective investors in the scheme. What Has Changed? The revised structure eliminates …
ICICI Prudential Mutual Fund has announced an income distribution for some of its schemes under the Income Distribution cum Capital Withdrawal (IDCW) option. Investors should note the record date of January 9, 2025, to determine their eligibility for these payouts. Here are the details of the distributions for each scheme. Payouts Under the Bluechip Fund …
Mirae Asset Mutual Fund has unveiled its latest offering, the Mirae Asset Small Cap Fund, designed for investors seeking exposure to small-cap stocks. The new fund offer (NFO) opens for subscription on January 10, 2025, and closes on January 25, 2025. It will reopen for continuous sale and repurchase on February 3, 2025. Investment Objective …
