Bandhan Mutual Fund has launched its Fixed Maturity Plan (FMP) – Series 209, a close-ended debt scheme with a tenure of 93 days. Units are priced at ₹10 during the New Fund Offer (NFO) period. Notably, the scheme will be listed on the Bombay Stock Exchange (BSE), ensuring liquidity for investors seeking to exit before …
Minda Corporation Limited (Minda Corp), the flagship company of the Spark Minda Group, has formed a strategic partnership with Flash Electronics. This collaboration aims to establish the fastest-growing EV platform in India. As of 11:30 AM on January 15, 2025, Minda Corp’s share price surged by 5%. Complementary Expertise for a Synergetic Partnership Minda Corp, …
Introduction Equity mutual funds have consistently attracted investors due to their potential for long-term wealth creation. Among these, several schemes have surpassed the ₹50,000 crore mark in Assets Under Management (AUM). This article explores 11 such mutual funds, highlighting their latest AUM. 1. HDFC Balanced Advantage Fund The largest equity mutual fund, HDFC Balanced Advantage …
Systematic Investment Plans (SIPs) are a popular and convenient way to invest in mutual funds, allowing individuals to invest surplus funds gradually. SIPs enable investors to stay committed to their financial strategy while leveraging the power of compounding. Compounding, often called the eighth wonder of the world, allows investments to grow exponentially over time. This …
Exchange-Traded Funds (ETFs) have gained remarkable popularity among Indian investors, becoming a preferred choice for broad market exposure. Over the past few years, retail investor folios in ETF schemes, including Gold ETFs, have crossed a significant milestone of 2.5 crore as of December 2024. With ETFs now constituting nearly 12% of the total mutual fund …
The Securities and Exchange Board of India (SEBI) has taken a significant step towards enhancing financial inclusion in India. Speaking at a recent symposium, SEBI Chairperson Madhabi Puri Buch unveiled plans to introduce a ₹250 minimum systematic investment plan (SIP). As per news reports, this initiative aims to encourage small-scale investments in mutual funds, thereby …
Nippon India Mutual Fund has announced an income distribution of ₹0.20 per unit under the IDCW (Income Distribution cum Capital Withdrawal) option of its Nippon India Balanced Advantage Fund. This income distribution applies to both the regular and direct plans of the fund. The record date for this distribution is January 13, 2025. Fund Overview …
HDFC Securities, a prominent broking firm and subsidiary of HDFC Bank, has announced a remarkable milestone in its journey. The company’s mutual fund Assets Under Management (AUM) have exceeded ₹25,000 crore, showcasing its robust growth and dedication to empowering investors with long-term wealth creation strategies. Key Drivers Behind the Achievement The exceptional growth in AUM …
Nippon Life India Asset Management Limited (NAM India) has announced the launch of the Nippon India Large Cap Fund GIFT, marking its debut offering from the GIFT City platform. This strategic milestone underscores the firm’s commitment to expanding its global footprint and providing innovative investment opportunities to international investors. What Is Nippon India Large Cap …
Axis Mutual Fund has announced modifications to the Axis All Seasons Debt Fund of Funds, effective February 14, 2025. The scheme will be renamed Axis Income Advantage Fund of Funds. Alongside the name change, the investment objective has been updated. The scheme will now aim to generate optimal medium-term returns by investing in debt-oriented mutual …
