In a move aimed at reducing costs for investors, Parag Parikh Flexi Cap Fund, managed by PPFAS Mutual Fund, has announced a reduction in the base Total Expense Ratio (TER) for its regular plan. The new base TER, which will be set at 1.15%, marks a decrease from the current 1.20%. This change is scheduled …
Kotak Mahindra Asset Management Company Ltd (KMAMC) has announced the launch of ‘Choti SIP’, allowing investors to start a Systematic Investment Plan (SIP) with a minimum monthly contribution of ₹250. The facility is applicable across all eligible schemes of Kotak Mutual Fund. Eligibility Criteria The Choti SIP is specifically for first-time mutual fund investors. To …
Understanding Lock-In for ELSS SIP Investments Tax-saving mutual funds, also known as equity-linked savings schemes (ELSS), come with a mandatory 3-year lock-in period. For investors using systematic investment plans, this lock-in applies separately to each instalment. How the Lock-In Works for ELSS SIPs Since each SIP investment is treated as a fresh contribution, the 3-year …
As we step into March 2025, India’s mutual fund landscape continues to evolve, shaped by economic developments, policy changes, and global market movements. Several equity mutual funds have delivered impressive returns based on a 5-year CAGR. From small-cap and mid-cap funds to sectoral and flexi-cap options. Let’s dive into the top 10 equity mutual funds …
New Delhi [India], March 5 (ANI): Half of India’s mutual fund investment comes from the top five cities of India, says a report by asset management firm Abakkus. According to the report, Mumbai, Delhi, Bengaluru, Pune, and Kolkata are the top five cities that contribute about fifty per cent of mutual fund investments in India. …
Retirement is a crucial phase of life where having a consistent income stream is essential to cover daily expenses. However, without a stable source of earnings, financial security becomes a concern. This is where effective financial planning comes into play. One way to ensure a steady income during retirement is by dividing the financial strategy …
The Association of Mutual Funds in India (AMFI) has rolled out three new initiatives Chhoti SIP, Tarun Yojana, and MITRA aimed at increasing financial inclusion, raising investor awareness, and assisting in the recovery of unclaimed investments. These initiatives are in line with SEBI and AMFI’s vision to make mutual fund investments more accessible across different …
ICICI Prudential Mutual Fund has filed a draft for the ICICI Prudential Nifty200 Quality 30 Index Fund, an open-ended index fund that will track the Nifty200 Quality 30 Index. The scheme aims to mirror the index’s returns by investing in the stocks that make up the index, maintaining the same weightage, and following a passive …
ICICI Prudential Mutual Fund has filed a draft for the ICICI Prudential Nifty Top 15 Equal Weight Index Fund, an open-ended index scheme. The fund aims to track the Nifty Top 15 Equal Weight Index, which consists of 15 stocks from the Nifty 50 index, each given equal weight. Fund Structure The fund will invest …
Bandhan Mutual Fund has launched the Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, an open-ended Constant Maturity Index Fund. The fund tracks the CRISIL-IBX Financial Services 3-6 Months Debt Index, which consists of debt securities with maturities between three to six months. NFO Details The New Fund Offer (NFO) details are as follows: …
