Mutual Funds - Angel One

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 …

Bank of India Mutual Fund has filed a draft scheme information deed (SID) with the market regulator Securities and Exchange Board of India to launch the Bank of India Consumption Fund. It is an open-ended equity scheme following a consumption theme.  Investment Objective The Investment objective of the  Bank of India Consumption Fund is to …

Introduction Invesco India has filed with SEBI to introduce the Invesco India Innovation Fund, an open-ended equity scheme. The fund seeks to capitalize on emerging innovation-driven opportunities by investing in companies that are focused on technological advancements, innovative products, or business strategies. Fund Overview Scheme Name: Invesco India Innovation Fund Category: Thematic Fund (Innovation) Fund …

Introduction ITI Mutual Fund has filed with SEBI to launch its latest scheme, the ITI Bharat Consumption Growth Fund, an open-ended equity scheme designed to tap into India’s booming consumption market. Here’s a detailed overview of this promising mutual fund. Scheme Details Scheme Name: ITI Bharat Consumption Growth Fund Category: Thematic Fund (Equity) Type: Open-ended …