In a groundbreaking initiative, DSP Mutual Fund has introduced India’s very first Nifty Top 10 Equal Weight Index Fund and ETF. This innovative offering provides investors with a unique opportunity to invest equally in the top 10 Indian companies by free float market capitalization as listed on the Nifty Index. With a strategy rooted in …
Starting August 13, 2024, ICICI Prudential Mutual Fund has announced a temporary suspension of new investments in its schemes that involve overseas investments. This decision has been made in light of the industry-wide cap on foreign asset investments imposed by SEBI and AMFI. The schemes affected by this suspension include: ICICI Prudential US Bluechip Equity …
Introduction: A New Era in Multicap Investing Mirae Asset Mutual Fund has unveiled an innovative investment opportunity with the launch of India’s first Multicap Exchange Traded Fund (ETF), the Mirae Asset Nifty500 Multicap 50:25:25 ETF. This new offering is designed to provide investors with a balanced and diversified approach to investing across large, mid, and …
SBI Mutual Fund House, India’s largest asset management company (AMC), has achieved a remarkable milestone this year by becoming the first mutual fund house in the country to surpass Rs 10 lakh crore in Average Asset Under Management (AAUM) as of June. With over 60 diverse schemes, SBI Mutual Fund has solidified its position as …
The Association of Mutual Funds in India (AMFI) has implemented new minimum standards to prevent front-running and market abuse by asset management companies (AMCs). These measures are in response to a recent circular issued by the Securities and Exchange Board of India (SEBI), which mandated AMCs to establish institutional mechanisms to deter such activities. The …
Medium duration mutual funds in India are investment vehicles designed for investors seeking a balance between the stability of short-term funds and the higher returns potential of long-term investments. According to SEBI guidelines, medium duration mutual funds invest in debt and money market instruments with Macaulay duration of portfolio between 3 – 4 years. In …
Capitalmind Financial Services Private Limited, a prominent investment management firm, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch a new mutual fund. This significant development marks a strategic expansion for Capitalmind, which already manages over ₹2,200 crore for a diverse client base. Under Deepak Shenoy’s leadership, Capitalmind has …
The analysis of debt funds’ performance over the year ending in June 2024 reveals a challenging landscape, with a majority of funds failing to outperform their respective benchmarks. Across most categories, underperforming schemes outnumber those that managed to deliver better-than-benchmark returns, with the exception of the floater funds category, where a higher number of funds …
Indian markets gained nearly 1% in intraday trading today, marking the eighth consecutive session of gains. This positive momentum came after U.S. Federal Reserve Chair Jerome Powell suggested a potential interest rate cut next month, which boosted investor sentiment. Speaking at the Jackson Hole Symposium in Wyoming, Powell said, “The direction is clear, and the …
If you are bullish about the overall economy or a sector in the long run but you are unable to have faith in any particular mutual fund scheme, then an index fund could help you out. If you are wondering how so, read the rest of the article! We will not only tell you why …
