Quant Mutual Fund has launched a new open-ended equity scheme, Quant Consumption Fund, which aims to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio of consumption-driven companies. The NFO for the scheme opened on January 5, 2024, and will close on January 18, 2024. The minimum subscription amount is Rs …
Tata Mutual Fund launched the Tata Nifty MidSmall Healthcare Index Fund, an open-ended index fund that aims to track the performance of the Nifty MidSmall Healthcare Index (TRI). The scheme invests in the same proportion as the index and offers growth option. There is no entry load but an exit load of 0.25% if redeemed …
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is an open-ended thematic Exchange Traded Fund (ETF) launched by Mirae Asset Mutual Fund on May 6, 2024. It tracks the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, aiming to deliver returns similar to the index performance (before expenses). The minimum investment is Rs 5000 and …
Motilal Oswal Nifty India Defence Index Fund, launched by Motilal Oswal Mutual Fund, is an open-ended index fund that tracks the Nifty India Defence Total Return Index. The fund aims to mirror the performance of the Indian defence sector by investing in the companies that comprise the index. Investors can participate with a minimum investment …
In June 2024, the mutual fund industry exhibited notable changes in inflows and outflows across various schemes. The AMFI released mutual fund data for June 2024 revealing significant movements, particularly in debt-oriented and equity-oriented schemes. Assets under management (AUM) of the mutual fund industry rose to hit Rs 60.89 lakh crore in June, data showed. …
Among the greatest gifts parents can give their children is the assurance of financial stability. This includes not only meeting their immediate needs but also laying a solid financial foundation that supports their aspirations and goals throughout life. One of the most effective ways to achieve this is by developing a comprehensive financial plan that …
The Indian mutual fund industry experienced a significant decline in net inflows during August 2024, with a drop of 43% compared to the previous month. Total inflows for the month amounted to ₹ 1.08 lakh crore, down from ₹ 1.89 lakh crore in July. The primary driver of this decline was a substantial reduction in …
As Indian interest rates hover near their peak, Franklin Templeton Mutual Fund and Mirae Asset Mutual Fund have introduced new Long Duration Debt Funds. These offerings come at a time when investors are keenly watching for opportunities to capitalise on high yields and potential rate cuts. Understanding Long Duration Funds What Are Long Duration Funds? …
In the world of financial planning, choosing between debt funds and fixed deposits is a decision that impacts your money’s growth and stability. Debt funds, with their market exposure and fixed deposits, offering traditional security, present distinct avenues for investors. As you embark on this financial journey, understanding the nuances of each becomes pivotal. In …
With the current tax slabs imposing a 30% income tax on income above ₹ 15 lakh per year, many Indian salary earners see almost a third of their hard earned money being taken away. However, the current tax regime also offers some avenues whereby the taxpayer can reduce the burden of taxes and actually replace …
