Kotak Mahindra Mutual Fund has submitted a draft for the Kotak Nifty Alpha 50 Index Fund. This is an open-ended index fund that will replicate the Nifty Alpha 50 Index. The scheme aims to generate returns corresponding to the index’s performance, subject to tracking errors. Investment Allocation The fund’s portfolio will consist of 95-100% equity …
After the setback in the previous budget, debt mutual fund investors have found renewed optimism in Budget 2025. Finance Minister Nirmala Sitharaman announced that individuals with incomes up to ₹12 lakh will effectively pay no income tax due to a ₹60,000 rebate under Section 87A. However, this relief does not extend to all types of …
International mutual funds invest in global equities and fixed-income securities, allowing investors to diversify beyond domestic markets. They help mitigate country-specific risks and provide exposure to global economic growth. With the rupee depreciating over time, investing in international funds can also provide a hedge against currency risk. Moreover, they allow investors to capitalise on opportunities …
Quant Mutual Fund has undertaken a significant restructuring of its fund management team following the resignation of Vasav Sahgal, who served as Fund Manager – Equity and Director of Quant Money Managers. His resignation, effective January 31, 2025, has led to a broad-based reallocation of fund management responsibilities across all 27 schemes. To ensure a …
Kotak Mahindra Mutual Fund has filed a draft for the Kotak CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund. This is an open-ended index fund that aims to track the CRISIL-IBX Financial Services 3 to 6 Months Debt Index. It falls under the category of constant maturity index funds, offering exposure to short-term …
Mahindra Manulife Mutual Fund has launched the Mahindra Manulife Value Fund, an open-ended equity scheme that follows a value investing strategy. The fund aims to invest in undervalued but fundamentally good companies with the potential for re-rating and earnings growth. NFO Details The New Fund Offer (NFO) for the Mahindra Manulife Value Fund will open …
Owning a car is a cherished aspiration for many Indians. For some, it is a necessity; for others, it offers convenience or serves as a status symbol. Regardless of the reason, most people aspire to own at least one car in their lifetime. However, with advancements in technology, cars are becoming more sophisticated—and more expensive. …
Building wealth through Systematic Investment Plans (SIPs) is a disciplined approach that offers the power of compounding over time. But how long does it take to accumulate over ₹1.5 crore corpus with different monthly investments? We break it down into three scenarios—investing ₹5,000, ₹7,500, and ₹10,000 per month—assuming an estimated annual return of around 12%. …
The Securities and Exchange Board of India (SEBI) is working on an innovative financial product aimed at increasing financial inclusion across the country. SEBI’s Chairperson, Madhabi Puri Buch, recently shared details about a new initiative that will allow investors to pair mutual fund investments with life insurance. This development, expected to expand access to financial …
DSP Mutual Fund has declared an income distribution of ₹0.20 per unit under the Income Distribution cum Capital Withdrawal (IDCW) option of its DSP Aggressive Hybrid Fund. The distribution applies to both regular and direct plans, with the record date set for January 28, 2025. Fund Overview The DSP Aggressive Hybrid Fund was launched on …
