Franklin Templeton Investments was established in 1947. Asset management services have been offered by the company to retail, institutional, and high-value clients since its foundation.Mutual funds and other investment vehicles such as exchange-traded funds (ETFs), private funds, and separately managed accounts are all offered by it. The company offers schemes like equity, fixed income, multi-asset, …
July 2024 was a stellar month for small-cap stocks in India, with the Nifty Smallcap 250 Index surging by nearly 5% and touching an all-time high of 18,038.10. This marked the second consecutive month of gains for the index, significantly outperforming the frontline indices. The remarkable performance of small-cap stocks caught the attention of mutual …
Nippon India Mutual Fund, a leading asset management company (AMC), has launched the nation’s first scheme based on the Nifty 500 Equal Weight Index. The new fund offer (NFO) for Nippon India Nifty 500 Equal Weight Index Fund is likely to open on August 21 and close on September 4. Nippon India Nifty 500 Equal …
IndusInd Bank has secured approval from the Reserve Bank of India (RBI) to establish a mutual fund business. The bank will set up a wholly-owned subsidiary to undertake asset management activities. Key Highlights IndusInd Bank receives RBI approval for mutual fund business Establishment of a wholly-owned subsidiary Strategic partnership with Invesco Ltd. Diversification of product …
Introduction: The India Growth Story India’s GDP growth is among the fastest in the world, and the potential for future growth is immense. With a rising per capita income and a young, dynamic population, the country’s consumption patterns are set to expand significantly over the coming decades. This long-term trend presents a unique investment opportunity …
Union Mutual Fund has launched a new open-ended hybrid scheme, the Union Multi Asset Allocation Fund NFO, which opened for subscription on August 20, 2024, and is set to close on September 3, 2024. This NFO offers investors a diversified portfolio that aims to deliver long-term capital appreciation by investing across multiple asset classes, including …
As the Indian stock market continues to evolve, investors are constantly seeking new strategies that can balance risk and reward while ensuring diversified exposure to various market segments. One such innovative strategy is the equal-weight index, which has gained significant traction for its unique approach to stock market investing. Nippon India Asset Management has recently …
Defence sector mutual funds, both active and passive, have experienced a decline of up to 5% in the past month, with an average negative return of approximately 4.04%. Even the benchmark Nifty India Defence – TRI has lost 5.13% during the same period. Motilal Oswal Nifty India Defence Index Fund, a passive Defence fund launched …
The taxation of debt mutual funds underwent significant changes on April 1, 2023, and July 23, 2024. Prior to these changes, long-term capital gains (LTCG) from debt mutual funds were taxed at 20% with indexation benefits. However, the recent amendments have eliminated indexation benefits and made LTCG from debt mutual funds taxable at the applicable …
When a mutual fund company launches a new mutual fund investment scheme it is called NFO or New Fund Offerings. Like IPO, NFO is the maiden offer made by an Asset Management Company on a subscription basis. In this article, we have listed the new NFO mutual funds that will open for subscription in February …
