IndusInd Bank has secured approval from the Reserve Bank of India (RBI) to establish a mutual fund business. The bank will set up a wholly-owned subsidiary to undertake asset management activities. Key Highlights IndusInd Bank receives RBI approval for mutual fund business Establishment of a wholly-owned subsidiary Strategic partnership with Invesco Ltd. Diversification of product …
Introduction: The India Growth Story India’s GDP growth is among the fastest in the world, and the potential for future growth is immense. With a rising per capita income and a young, dynamic population, the country’s consumption patterns are set to expand significantly over the coming decades. This long-term trend presents a unique investment opportunity …
Union Mutual Fund has launched a new open-ended hybrid scheme, the Union Multi Asset Allocation Fund NFO, which opened for subscription on August 20, 2024, and is set to close on September 3, 2024. This NFO offers investors a diversified portfolio that aims to deliver long-term capital appreciation by investing across multiple asset classes, including …
As the Indian stock market continues to evolve, investors are constantly seeking new strategies that can balance risk and reward while ensuring diversified exposure to various market segments. One such innovative strategy is the equal-weight index, which has gained significant traction for its unique approach to stock market investing. Nippon India Asset Management has recently …
Defence sector mutual funds, both active and passive, have experienced a decline of up to 5% in the past month, with an average negative return of approximately 4.04%. Even the benchmark Nifty India Defence – TRI has lost 5.13% during the same period. Motilal Oswal Nifty India Defence Index Fund, a passive Defence fund launched …
The taxation of debt mutual funds underwent significant changes on April 1, 2023, and July 23, 2024. Prior to these changes, long-term capital gains (LTCG) from debt mutual funds were taxed at 20% with indexation benefits. However, the recent amendments have eliminated indexation benefits and made LTCG from debt mutual funds taxable at the applicable …
When a mutual fund company launches a new mutual fund investment scheme it is called NFO or New Fund Offerings. Like IPO, NFO is the maiden offer made by an Asset Management Company on a subscription basis. In this article, we have listed the new NFO mutual funds that will open for subscription in February …
What is NFO New Fund Offers or NFOs refer to the creation of new mutual funds where people can invest. This means that an existing mutual fund house is launching that fund for the first time in the market. Fund managers of NFO mutual funds gather the investment pool from investors and in turn invest …
Mutual fund companies or houses often launch new mutual fund schemes with their own set portfolio and market view. These new mutual funds when first launched are called NFOs or New Fund Offerings. In general, mutual funds allow retail investors to avail the best industry practices in finance and thereby enjoy far higher returns than …
NFO, commonly known as New Fund Offering, means the initial offering of units or shares of a mutual fund or Exchange-Traded Fund (ETF) to the public for subscription. It is essentially the process through which a new investment fund is launched and made available for investors. The process of NFO is similar to the IPO, …
