A Systematic Investment Plan (SIP) is a popular and disciplined way to invest in mutual funds, with investors contributing a fixed amount monthly. For those planning to invest ₹5,000 per month, it’s important to identify SIP plans that can deliver solid returns over a 5-year period. In this article, check the best SIP mutual funds …
PGIM India Mutual Fund has declared an income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option of its PGIM India Large Cap Fund. The record date for the distribution is set as December 31, 2024. This announcement highlights the fund’s commitment to delivering consistent returns to its investors. Income Distribution Details The income …
Union Mutual Fund is set to consolidate its offerings by merging the Union Medium Duration Fund into the Union Corporate Bond Fund. This strategic move aims to streamline the fund house’s debt portfolio and provide investors with a more focused investment avenue. The merger is scheduled to take effect on January 29, 2025. Union Medium …
On January 1, 2025, HDFC Flexi Cap Mutual Fund will celebrate 30 years of helping investors achieve their financial goals. As one of the oldest schemes in the mutual fund industry, it has built an impressive legacy with a robust AUM base of approximately ₹66,304 crore as of November 29, 2024. The Journey of Growth …
The mutual fund (MF) industry experienced remarkable growth in 2024 thanks to increased participation from retail investors. Systematic Investment Plan (SIP) contributions surged significantly, while the number of investors grew by nearly 10 million in the first 11 months of the year. SIP Contributions Reach New Heights Data from the AMFI (Association of Mutual Funds …
The ITI Bharat Consumption Fund, a thematic mutual fund, aims to generate long-term capital appreciation by investing in equity-related securities of companies engaged in India’s consumption-driven economy. This fund is designed for investors seeking exposure to the growing domestic consumption market. Structure and Investment Objective The ITI Bharat Consumption Fund operates as an open-ended equity …
UTI Mutual Fund has announced the launch of the UTI Quant Fund, an open-ended equity scheme based on a quantitative investment theme. The New Fund Offer (NFO) will open on January 2, 2025, and close on January 16, 2025, with continuous sales and repurchases starting from January 24, 2025. The fund aims to provide long-term …
Baroda BNP Paribas Mutual Fund has announced an update to its Focused Fund’s investment strategy, effective February 6, 2025. This change demonstrates the fund’s objective to adapt to market dynamics while continuing its emphasis on long-term wealth creation. With a broader portfolio scope and a regulatory-mandated exit window, investors have the flexibility to evaluate the …
In 2024, large-cap mutual funds have delivered impressive returns, with several funds surpassing the 20% mark. As investors continue to seek stable, long-term growth, funds like Invesco India Largecap and WhiteOak Capital stand out for their strong performance. This article highlights the top-performing large-cap mutual funds and provides a snapshot of the overall growth in …
In FY 2024, the growth of Systematic Investment Plans (SIPs) in India has been remarkable, reflecting a rise in retail participation in mutual funds. Net inflows reached nearly ₹2 lakh crore, up from ₹1.55 lakh crore in the previous year. Monthly contributions hit new highs throughout the year, crossing ₹21,000 crore in June and reaching …
