ICICI Prudential Mutual Fund has introduced the ICICI Prudential Nifty200 Value 30 ETF, an open-ended index Exchange-Traded Fund (ETF) that tracks the Nifty200 Value 30 Index. This smart beta product uses a factor-based strategy, designed to provide value-driven investments at a low cost. The New Fund Offer (NFO) opens on September 30, 2024, and will …
The Securities and Exchange Board of India (SEBI) is poised to introduce a new regulatory framework, MF Lite, designed to streamline operations for passive funds like index funds and ETFs. This move, as highlighted by SEBI Chairperson Madhabi Puri Buch, aims to foster growth in the passive investment space. What is MF Lite? MF Lite …
Introduction: A New Equal Weight Index On October 15, 2024, NSE Indices Limited, a subsidiary of the National Stock Exchange of India (NSE), launched a new index named the Nifty Top 15 Equal Weight Index. This index aims to provide a unique alternative to traditional market-cap-weighted indices by giving equal weight to the top 15 …
Bank of India Mutual Fund has filed a draft scheme information deed (SID) with the market regulator Securities and Exchange Board of India to launch the Bank of India Consumption Fund. It is an open-ended equity scheme following a consumption theme. Investment Objective The Investment objective of the Bank of India Consumption Fund is to …
Introduction Invesco India has filed with SEBI to introduce the Invesco India Innovation Fund, an open-ended equity scheme. The fund seeks to capitalize on emerging innovation-driven opportunities by investing in companies that are focused on technological advancements, innovative products, or business strategies. Fund Overview Scheme Name: Invesco India Innovation Fund Category: Thematic Fund (Innovation) Fund …
Introduction ITI Mutual Fund has filed with SEBI to launch its latest scheme, the ITI Bharat Consumption Growth Fund, an open-ended equity scheme designed to tap into India’s booming consumption market. Here’s a detailed overview of this promising mutual fund. Scheme Details Scheme Name: ITI Bharat Consumption Growth Fund Category: Thematic Fund (Equity) Type: Open-ended …
Introduction Bank of India Mutual Fund has introduced its latest offering—the Bank of India Consumption Fund. This open-ended equity scheme focuses on capturing growth opportunities in India’s booming consumption-driven sectors. The fund has already been filed with SEBI, aligning with its thematic approach to offer long-term capital appreciation by investing in companies engaged in consumption …
Key Highlights of Mutual Fund Acquisitions in September In September, mutual funds expanded their portfolios by adding eleven new stocks, with Bajaj Housing Finance Ltd emerging as the top pick. Mutual funds acquired 11.29 crore shares of the company, investing a substantial Rs 1,740 crore. Other significant investments included PN Gadgil Jewellers and SpiceJet Ltd, …
In recent years, a quiet revolution has been taking place in the investment world, as more and more investors are ditching intermediaries and turning to Direct Mutual Fund (MF) Plans. The numbers tell the story: as of September 2024, the assets under management (AUM) for direct plans in the mutual fund industry have reached a …
In the world of investing, where growth potential is king, many investors turn to mutual funds focused on companies with high Price-to-Earnings (PE) ratios. These funds, often targeting sectors known for explosive innovation and disruption, promise the potential for significant returns. But with great reward comes great risk. The PE ratio of a stock provides …
