The mutual fund industry in India experienced a nuanced month in November 2024. While inflows to equity mutual funds and other schemes showed a decline, the number of SIP accounts and retail mutual fund folios reached record highs. Let’s delve into the latest AMFI data to understand the dynamics. Equity Mutual Fund Inflows Decline Equity …
Nippon India Mutual Fund has launched an exciting new investment product, the Nippon India MNC Fund. Designed for investors seeking exposure to multinational companies (MNCs), this open-ended equity scheme promises long-term capital appreciation by leveraging the growth potential and brand leadership of MNCs. Key Details of the Nippon India MNC Fund Name of the Fund: …
Nippon India Mutual Fund has recently filed a draft with SEBI for its latest offering—the Nippon India Debt Savings Fund of Fund. This open-ended scheme aims to provide stable returns while navigating market volatilities by investing in debt and arbitrage funds. Key Details Category: Fund of Fund Type: Open-ended scheme investing in a mix of …
Bandhan Mutual Fund, previously known as IDFC Mutual Fund, has filed a draft proposal for its Fixed Maturity Plan (FMP) Series 209-211. These are close-ended debt schemes designed to deliver fixed income over specified timeframes. Let’s dive into the details. Scheme Overview The Bandhan FMP Series 209-211 targets investments in debt and money market instruments. …
As per the latest data from the Association of Mutual Funds in India (AMFI), equity mutual fund inflows for December witnessed a decline of 14.18% on a month-on-month (MoM) basis. Despite this drop, specific categories within equity-oriented mutual funds—midcap and smallcap funds—showed robust growth during November. Midcap Mutual Funds Midcap mutual funds continued to attract …
Samco Mutual Fund has filed a draft with SEBI for the Samco Large Cap Fund, an open-ended equity scheme focusing primarily on large-cap stocks. Here’s a detailed overview of the fund’s objectives, strategies, and features based on the draft scheme document. Investment Objective The Samco Large Cap Fund aims to generate long-term capital appreciation through …
Trust Mutual Fund has submitted the draft Scheme Information Document (SID) for the TRUSTMF Gilt Fund, an open-ended debt scheme that invests primarily in government securities of varying maturities. Investment Objective The objective of the TRUSTMF Gilt Fund is to generate credit risk-free returns by predominantly investing in government securities issued by the Central Government …
New Fund Offers (NFOs) allow mutual fund houses to introduce new schemes, catering to a range of investment goals, from equity and debt to thematic or sector-specific opportunities. In the second half of December 2024, there are a few NFOs set to hit the market. With year-end financial planning underway, these upcoming NFOs could align …
WhiteOak Capital Mutual Fund has recently filed a draft for its proposed WhiteOak Capital Equity Savings Fund. This scheme falls under the hybrid-equity savings category, targeting a balanced mix of equity, arbitrage, and debt investments. Below is a breakdown of the fund’s objectives and structure. Investment Objective & Strategy The WhiteOak Capital Equity Savings Fund …
The cash holding of equity mutual fund (MF) schemes fell to 5.4% in November, marking the lowest level in four months. This drop comes as net inflows into equity schemes fell 14% month-on-month, signalling cautious investor sentiment. Recent Trends Cash levels had peaked at 6% in September but began declining in October amid a market …
