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 …
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 …
