The Enforcement Directorate (ED) has seized 1.29 million rupees ($15,360) in raids conducted in Mumbai and Kolkata as part of an ongoing investigation into front-running allegations at Axis Mutual Fund. The probe was initiated last year after the Securities and Exchange Board of India (SEBI) identified wrongful gains of 305 million rupees stemming from suspected …
Bajaj Allianz Life Insurance has introduced the Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund, which will be available alongside its Unit Linked Insurance Plans (ULIPs). This new fund is to provide an opportunity for investors seeking to capitalise on high-alpha stocks while benefiting from a diversified, index-based investment approach combined with life insurance …
Bajaj Finserv Asset Management Limited recently celebrated the first anniversary of its flagship equity fund, Bajaj Finserv Flexi Cap Fund. The fund, which marked its first successful year of investing, delivered impressive returns of 41.30%* under the regular plan and 43.43%* under the direct plan. The fund’s growth trajectory reflects a strong commitment to Megatrend …
Invesco Mutual Fund is The company recently announced its latest offering—the Invesco India Technology Fund, an open-ended equity scheme with a special focus on the tech sector. The NFO is open for subscription until September 17, 2024, and after that, it’ll be back for continuous sale and repurchase within five business days of allotment. Feature …
Edelweiss Mutual Fund has launched a new open-ended exchange-traded scheme, Edelweiss Nifty Bank ETF, which replicates/tracks the Nifty Bank Total Return Index. The new fund offer (NFO) of Edelweiss Nifty Bank ETF opened on September 03, 2024 and will close on September 06, 2024. During the NFO period, an investor is required to invest a …
Motilal Oswal Mutual Fund has recently launched the Motilal Oswal Nifty 500 Momentum 50 Index Fund, an open-ended index fund designed to track the performance of the Nifty 500 Momentum 50 Total Return Index. The fund aims to provide investors with returns that closely correlate to the index, subject to tracking error. Key Features Investment …
Quant Mutual Fund (MF), renowned for its top-performing equity schemes, has made a surprising move by divesting its entire holdings in HDFC Bank. This abrupt shift comes just months after the fund house had significantly increased its exposure to the country’s largest private lender. HDFC Bank, which was once a cornerstone of Quant MF’s investment …
Quant Small Cap Fund, once the darling of small-cap investors, has recently seen its performance come under scrutiny. While the fund has managed to deliver positive returns in the last month, it has lagged behind the category average and its benchmark, the Nifty Smallcap 250 TRI. Let’s dive into the details of what’s driving these …
Mutual fund investors are always on the lookout for schemes that not only promise growth but also deliver consistently, even during volatile times. One such low-priced mutual fund scheme that has caught investors’ attention is the UTI Innovation Fund Direct – Growth. With its impressive one-month performance, this fund is emerging as a hidden gem …
Multi-Asset Allocation Mutual Funds are hybrid schemes that strategically invest across diverse asset classes, including equity, debt, cash, and commodities. These funds aim to provide investors with long-term capital growth and stable returns by leveraging the best opportunities across various instruments. The primary focus is on equity investments, allowing investors to benefit from market opportunities …
