ICICI Prudential Mutual Fund has filed a scheme information deed (SID) for the ICICI Prudential Nifty EV & New Age Automotive ETF. This open-ended Exchange-Traded Fund tracks the Nifty EV & New Age Automotive Index. The scheme’s performance would be benchmarked against the Nifty EV & New Age Automotive TRI. Since the scheme is an …
This week, 9 new mutual funds are being introduced, each tailored to meet different investment strategies and market segments. Let’s look at these new fund offerings (NFOs). Kotak Nifty India Tourism Index Fund Kotak Mutual Fund launched the Kotak Nifty India Tourism Index Fund opened on September 2, will be available for subscription till September …
The mutual fund industry in India has grown remarkably over the years. The industry’s AUM first reached the milestone of ₹10 trillion (₹10 Lakh Crore) in May 2014. Within a relatively short three-year period, the AUM size has more than doubled, reaching ₹20 trillion (₹20 Lakh Crore) for the first time in August 2017. For …
Kotak Mutual Fund has filed a Scheme Information Deed with the market regulator SEBI to launch the Kotak Energy Opportunities Fund. This open-ended equity scheme follows the Energy theme. The performance of the Kotak Energy Opportunities Fund is measured against Nifty Energy TRI. The new fund offer (NFO) open and close date is yet to …
Contra funds are equity mutual funds that follow a contrarian investment approach. This strategy involves investing in stocks that are currently out of favor or underperforming in the market but possess strong fundamentals and potential for long-term growth. The essence of this approach is to buy undervalued stocks at low prices and hold them until …
Quantum Mutual Fund has submitted a draft document to the Securities and Exchange Board of India (SEBI) for its upcoming Quantum Ethical Fund, an open-ended equity scheme designed to follow a comprehensive ethical theme. This fund aims to provide long-term capital appreciation by investing primarily in equity and equity-related instruments of companies adhering to specific …
Impressive Performance Over the Years As of August 30, 2024, the Canara Robeco Consumer Trends Fund manages Assets Under Management (AUM) worth Rs. 1,759.96 crores. Over the past 15 years, the fund has delivered a Compound Annual Growth Rate (CAGR) of 17.62% in the regular plan, growth option, significantly outperforming its benchmarks—the BSE 100 TRI …
What is the Whiteoak Capital Quality Equity Fund? The WhiteOak Capital Quality Equity Fund is an open-ended equity scheme that follows the Quality Factor theme. The fund aims to provide long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies with strong fundamentals such as high return on equity (ROE), return on …
Axis Mutual Fund Limited has filed a scheme information deed (SID) for a new exchange-traded fund (ETF), Axis Nifty500 Value 50 ETF. It is an open-ended ETF replicating/tracking Nifty500 Value 50 TRI. The investment objective of the scheme is to provide returns before expenses that correspond to Nifty500 Value 50 TRI, subject to tracking errors. …
Bandhan Mutual Fund has announced the launch of its new open-ended equity scheme, the Bandhan Business Cycle Fund, which is set to open for subscription on September 10, 2024, and will close on September 24, 2024. Following this period, the scheme will reopen for continuous sale and repurchase from October 1, 2024. The Bandhan Business …
