Tata Mutual Fund is launching a new closed-end fixed maturity plan (FMP) called Tata Fixed Maturity Plan Series 61 Scheme C (91 days). This scheme aims to generate income and potentially capital appreciation by investing in fixed-income instruments maturing within 91 days. There is no guarantee of achieving the investment objective or returns. The investment …
The Sundaram Business Cycle Fund is a new open-ended equity mutual fund launched by Sundaram Mutual Fund on June 5th, 2024. It aims for long-term capital appreciation by investing in equity and equity-related securities. The fund focuses on identifying medium-term business cycles and dynamically allocates between themes and stocks based on their position in the …
SBI Silver ETF is an open-ended mutual fund scheme launched by SBI Mutual Fund. The scheme aims to generate returns that reflect the performance of physical silver in domestic prices, subject to tracking error. There is no guarantee that the investment objective of the scheme will be achieved. The minimum subscription amount is Rs. 5,000 …
SBI Mutual Fund launched a new Exchange Traded Fund (ETF) named SBI Nifty50 Equal Weight ETF. This open-ended scheme invests in stocks that replicate the Nifty 50 Equal Weight Index. The minimum investment amount is Rs. 5,000. The new fund offer will be open for subscription from July 8th, 2024 to July 12th, 2024. Investment …
SBI Mutual Fund has launched the SBI Innovative Opportunities Fund, an open-ended equity scheme aiming to provide long-term capital appreciation by investing in companies focused on innovation. This New Fund Offer (NFO) is open from July 29 to August 12, 2024. The scheme, categorised as equity-sectoral/Thematic, requires a minimum investment of Rs 5,000. Investment Objective …
Quant Mutual Fund has launched a new open-ended equity scheme, Quant Consumption Fund, which aims to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio of consumption-driven companies. The NFO for the scheme opened on January 5, 2024, and will close on January 18, 2024. The minimum subscription amount is Rs …
Tata Mutual Fund launched the Tata Nifty MidSmall Healthcare Index Fund, an open-ended index fund that aims to track the performance of the Nifty MidSmall Healthcare Index (TRI). The scheme invests in the same proportion as the index and offers growth option. There is no entry load but an exit load of 0.25% if redeemed …
Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF is an open-ended thematic Exchange Traded Fund (ETF) launched by Mirae Asset Mutual Fund on May 6, 2024. It tracks the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index, aiming to deliver returns similar to the index performance (before expenses). The minimum investment is Rs 5000 and …
Motilal Oswal Nifty India Defence Index Fund, launched by Motilal Oswal Mutual Fund, is an open-ended index fund that tracks the Nifty India Defence Total Return Index. The fund aims to mirror the performance of the Indian defence sector by investing in the companies that comprise the index. Investors can participate with a minimum investment …
In June 2024, the mutual fund industry exhibited notable changes in inflows and outflows across various schemes. The AMFI released mutual fund data for June 2024 revealing significant movements, particularly in debt-oriented and equity-oriented schemes. Assets under management (AUM) of the mutual fund industry rose to hit Rs 60.89 lakh crore in June, data showed. …
