Record-Breaking Collection Motilal Oswal Nifty India Defence Index Fund, the first domestic passive fund focused on the defense sector, has achieved a record collection of Rs 1,676 crore during its New Fund Offer (NFO) period. This impressive collection marks the highest ever for an equity index fund during its NFO period, the asset management company …
The HDFC Commodities Fund is an open-ended equity scheme targeting investments in companies within the commodity and related sectors. This thematic fund aims to achieve long-term capital appreciation by focusing on equity and equity-related securities in areas such as oil, cement, power, chemicals, and metals. However, these investment goals are not guaranteed. New Fund Offer …
WhiteOak Capital Mutual Fund has launched a new open-ended equity scheme called WhiteOak Capital Large & Mid Cap Fund. The NFO aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments of large and mid-cap companies. The scheme has an entry load of nil and an exit load …
Mirae Asset Investment Managers (India) is set to launch the Mirae Asset Gold ETF Fund of Fund, an open-ended scheme aimed at providing long-term capital appreciation by investing in units of the Mirae Asset Gold ETF. This fund of fund scheme offers an option for investors looking to gain exposure to gold without the hassles …
The Bandhan BSE Healthcare Index Fund is a new fund offer (NFO) that provides investors with an opportunity to tap into India’s rapidly expanding healthcare industry. With a focus on companies listed under the BSE Healthcare Index, this fund aims to deliver returns by replicating the performance of the underlying index. Here’s a closer look …
Tata BSE Select Business Groups Index Fund Overview Tata Mutual Fund has filed the Tata BSE Select Business Groups Index Fund with SEBI, an open-ended index fund replicating or tracking the BSE Select Business Groups Index (TRI). The fund’s objective is to provide long-term capital appreciation by investing in a portfolio of companies that form …
Introduction Kotak Mahindra Asset Management Company has filed papers with SEBI for the launch of Kotak Nifty Midcap 150 ETF, a new fund that aims to replicate the Nifty Midcap 150 Index. This exchange-traded fund (ETF) seeks to generate returns by tracking the performance of mid-market capitalization companies. Below, we cover the fund’s key details, …
LIC Mutual Fund has introduced a lower minimum daily Systematic Investment Plan (SIP) amount, making mutual fund investments more accessible. Investors can now start a daily SIP with just Rs.100 and in multiples of Re.1 thereafter, effective from October 16, 2024. This reduction applies to select schemes managed by LIC MF and aims to attract …
Introduction Motilal Oswal Mutual Fund has filed a draft with SEBI for the launch of the Motilal Oswal Build India Fund, a thematic equity mutual fund. This scheme is designed to benefit from India’s booming infrastructure sector, focusing on companies that are directly or indirectly contributing to infrastructure development. In this blog, we’ll take a …
Mirae Asset Mutual Fund has announced a significant reduction in the minimum investment amounts for its Systematic Investment Plans (SIPs), effective from October 1, 2024. The new monthly and quarterly SIP amounts will be as low as ₹99, with subsequent investments allowed in multiples of ₹1 across all schemes managed by the fund, with the …
