Latest News on Mutual Funds
India gains further ground in MSCI Indices
India’s weight in MSCI Emerging Markets Index (“the Index”) will hit a further high, reaching 18.2% in its February review. MSCI will add five stocks and will not delete any from the index. The changes will come into effect from market close on 29 February 2024. Post the rebalance, the stock count in the Index will rise to 136. MSCI had... Read More
Mirae Asset Mutual Fund launches Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in units of Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF. There is no assurance that the investment objective of the scheme will be realized. This product is suitable for investors who are seeking by investing... Read More
Edelweiss Mutual Fund launches Edelweiss Technology Fund
To provide long-term capital appreciation by investing predominantly in equity and equity-related securities of technology & technology-related companies. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns. The product... Read More
Baroda BNP Paribas Mutual Fund launches Baroda BNP Paribas Innovation Fund
The investment objective of the scheme is to seek long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The product... Read More
Kotak MF launches Kotak Technology Fund offering an opportunity to participate in the country's technology sector
Kotak Mahindra Asset Management Company Ltd ("KMAMC" / "Kotak Mutual Fund") has announced the launch of the Kotak Technology Fund. It is an Open-Ended Equity Scheme investing in Technology & and technology-related sectors that offer investors an exciting opportunity to participate in the dynamic and rapidly evolving... Read More
Anand Radhakrishnan appointed as Chief Executive Officer at Sundaram Asset Management Company
Sundaram Asset Management announces the appointment of Anand Radhakrishnan as CEO. Anand was earlier a part of the Company for 8 years from 1996 to 2004, and his return is a homecoming. He previously served as Managing Director & CIO (Equity) at Franklin Templeton India Ltd. Managing Director Sunil Subramaniam is... Read More
Union Mutual Fund launches Union Business Cycle Fund
The investment objective of the scheme is to generate long-term capital appreciation by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the investment objective of the scheme will be achieved. The... Read More
Mirae Asset Mutual Fund launches Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Smallcap 250 Momentum Quality 100 Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved. This product... Read More
Kotak Mutual Fund launches Kotak Technology Fund
The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of Technology & technology related sectors However, there is no assurance that the objective of the scheme will be achieved. The product is suitable for investors... Read More
LIC Mutual Fund announces the New Fund Offer: LIC MF Nifty Midcap 100 ETF (An open-ended scheme replicating/tracking Nifty Midcap 100 Total Return Index)
LIC Mutual Fund Asset Management Limited has announced the launch of a New Fund Offer (NFO) ‘LIC MF Nifty Midcap 100 ETF’. The NFO opened on 08th February 2024 and will close on 12th February 2024. The Scheme will re-open for continuous sale and repurchase on 19th February 2024. Mr. Sumit Bhatnagar, Fund Manager... Read More
Kotak Mutual Fund launches Kotak FMP Series 328
The investment objective of the scheme is to generate income by investing in debt and money market securities, maturing on or before the maturity of the scheme. There is no assurance that the investment objective of the scheme will be achieved. The product is suitable for investors who are seeking income over a short term... Read More
HDFC Mutual Fund launches HDFC NIFTY200 Momentum 30 Index Fund
To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY200 Momentum 30 Index (TRI) (Underlying Index), subject to tracking error. There is no assurance that the investment objective of the Scheme will be realized. The product is suitable for investors who are seeking returns... Read More
Groww Mutual Fund launches Groww Nifty Smallcap 250 Index Fund
The scheme seeks investment return that corresponds to the performance of Nifty Smallcap 250 Total Return Index subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. The product is suitable for investors who are seeking looking for return... Read More
LIC Mutual Fund launches LIC MF Nifty Midcap 100 ETF
The investment objective of the scheme is to provide returns that correspond to the total returns of securities as represented by Nifty Midcap 100 Total Return Index, subject to tracking errors. There is no assurance or guarantee that the objective of the scheme would be achieved. The product is suitable for investors who are... Read More
HSBC Mutual Fund launches HSBC Multi Asset Allocation Fund
The aim of the fund is to generate long-term capital growth and generate income by investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold / Silver ETFs. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. The product is suitable... Read More
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