ITI Mutual Fund has announced an income distribution of ₹0.10 per unit under the IDCW (Income Distribution cum Capital Withdrawal) option for its ITI Balanced Advantage Fund. This distribution applies to both regular and direct plans of the fund. Record Date for Eligibility The record date for this income distribution is January 9, 2025. Investors …
ICICI Prudential Mutual Fund has submitted its draft proposal for the ICICI Prudential BSE Liquid Rate ETF – Growth. This new fund aims to provide a short-term savings solution, aligning with the BSE Liquid Rate Index for relatively low credit and interest rate risks. Investment Objective & Strategy The ETF is designed to deliver returns …
Kotak Mutual Fund has announced a revision in the exit load structure for its Kotak Transportation & Logistics Fund. Previously, an exit load of 1% was applicable for redemptions made within 30 days of investment. Effective immediately from December 23, 2024, this has been revised to 1% for redemptions within 90 days. NFO Timeline and …
Mirae Asset Mutual Fund has announced a revision in the exit load structure for select hybrid schemes, effective January 1, 2025. The changes impact three schemes: Mirae Asset Balanced Advantage Fund, Mirae Asset Multi Asset Allocation Fund, and Mirae Asset Equity Savings Fund. Here’s a look at the updates: Mirae Asset Balanced Advantage Fund The …
ITI Asset Management Company Ltd (ITI AMC), founded in 2019, has achieved a significant milestone by surpassing ₹10,000 crore in assets under management (AUM) as of December 3, 2024. This milestone underscores the AMC’s rapid growth and consistent focus on delivering value to its investors. The Inception and Growth Story ITI AMC launched its journey …
Tata AIA Life Insurance Co. Ltd. has announced the launch of its Tata AIA Multicap Momentum Quality Index Fund, a new fund offer (NFO) designed to generate long-term capital appreciation. The NFO will be open for subscription from December 24, 2024, to December 31, 2024. Investment Approach and Strategy The fund adopts a systematic, factor-based …
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, …
