LIC MF has launched a New Fund Offer (NFO), LIC MF Manufacturing Fund. The fund will invest in companies that are engaged in manufacturing and allied activities through top-down and bottom-up approach to stock-picking. Manufacturing is expected to play a major role in the “India Growth Story” and investment in the...Read More
The popularity of Mutual funds among domestic investors has grown manifold in the past 10 years. Assets under management (AUM) of mutual funds in India jumped more than 6X in the last 10 years from around Rs 10 lakh crores to Rs 66 lakh crores (source: AMFI, as on 31st August 2024). Total SIP accounts stood at around...Read More
Nippon India Mutual Fund has recently launched a new fund offer (NFO), Nippon India Nifty 500 Momentum 50 Index Fund. This is a passive smart beta fund, which will track the Nifty 500 Momentum 50 Index. Nippon India MF is one of the leading asset management companies in passive products with an...Read More
Bandhan MF has launched a New Fund Offer (NFO), the Bandhan Business Cycle Fund. The fund will invest in sectors that are likely to outperform in the different business cycles, thereby creating alpha opportunity for investors. The NFO has opened for subscription on 10th September 2024 and will close on 24th...Read More
Motilal Oswal Mutual Fund has recently launched a New Fund Offer (NFO), Motilal Oswal Nifty 500 Momentum 50 Index Fund. As the name suggests, the fund will track the Nifty 500 Momentum 50 Index. The Nifty 500 Momentum 50 Index tracks the performance of 50 high momentum stocks in the Nifty 500 index...Read More
Exports play an important role in a country's economy. Exports bring valuable foreign exchange which can be used to pay for imports, external debt, stabilize currency and strengthen the economy. India's exports of goods and services in FY 2023-24 stood at around $783Billion, growing at a CAGR of 10% over the post...Read More
The strategy of the fund is to create a diversified portfolio of such companies across who have the business model that are likely to benefit from the structural changes in the society called megatrends. A Megatrend is a powerful long-term change that affects economies, businesses, and companies. It comes about on...Read More
In our previous article, Steps to achieve financial independence at a desired age, we discussed that financial independence should be one of the most important goals in our life. Disciplined investments in mutual funds have the potential of creating wealth for you over sufficiently long investment horizon...Read More
If you started a monthly SIP of Rs 10,000 in Canara Robeco Bluechip Equity Fund at the time of its inception(August 2010), you could have accumulated a corpus of nearly Rs 56 lakhs (as on 31st July 2024) with a cumulative investment of just Rs 16.8 lakhs. This large cap fund has recently completed 14 years...Read More
Kotak MF has launched a New Fund Offer (NFO), Kotak Nifty India Tourism Index Fund. This is a passive fund, which will track the Nifty India Tourism Index. India is a land of great geographical diversity (mountains, oceans, deserts, jungles etc), historical heritage, cultural diversity and religious centres...Read More