Mutual Fund News
Groww receives SEBI approval to launch Indias first Nifty Non-Cyclical Consumer Index Fund
Groww, one of India’s leading financial services companies, has received SEBI (Securities and Exchange Board of India) approval to launch Nifty Non-Cyclical Consumer Index Fund through new fund offering (NFO). This will be India’s first non-cyclical index fund and will be launched by Groww Mutual Fund, Groww's AMC business. It... Read More
Leveraging the PSU rally to sustain capex growth
Indian equities are one of the brighter corners of sunshine in the global markets. The Nifty 50 has surged by 29%, the Nifty Midcap 100 by 60%, and the Nifty Smallcap by 70% over FY23-24. The standout performer, however, has been the BSE PSU Index, which soared by a staggering 92%, particularly noteworthy given its lacklustre... Read More
Kotak Mutual Fund IAP initiative entered the Asia and India Book of Records
Kotak Mutual Fund through ‘Seekho Paiso Ki Bhasha’, an investor education and awareness initiative launched six months ago, has covered over 52,000 CBSE teachers across India. They conducted 860 workshops in 100 locations across India, targeting A, B and C-class towns between September 2023 and February 2024. Seekho... Read More
Groww Asset Management Ltd ('AMC') appoints Mr. Manish Ranjan as the Head of Sales & Distribution
Groww Asset Management Ltd ('AMC') appoints Mr. Manish Ranjan as the Head of Sales & Distribution... Read More
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
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
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
Thinking Aloud: The YTM Vs Capital Appreciation Tradeoff revisited
In different market scenarios, different strategies come into play. During a rising interest rate scenario, shorter duration (maturity) instruments, higher yields, and floating rate bonds tend to perform well. Conversely, in a falling interest rate scenario, longer duration (maturity) instruments and fixed rate bonds tend to outperform. The... Read More
Axis Mutual Fund Launches Axis S&P BSE Sensex Index Fund
Axis Mutual Fund, one among the fastest growing fund houses in India, is pleased to announce the launch of its New Fund Offer - Axis S&P BSE Sensex Index Fund (an open-ended index fund tracking the S&P BSE Sensex TRI). The fund will be managed by Mr. Karthik Kumar (Fund Manager) and Mr. Ashish Naik (Fund Manager). The... Read More
Sundaram Mutual's Multi Asset Allocation NFO Garners Rs. 1,890 Crores in AUM!
Sundaram Mutual is happy to announce the success of its newly launched Multi-Asset Allocation Fund. The fund has garnered ₹1,890 crores in AUM, with participation from 83,500+ investors. This milestone marks a significant achievement for the brand, making this its 2nd largest NFO. The NFO opened on Jan 5, 2024 and... Read More
Sundaram Mutual launches Sundaram Multi Asset Allocation Fund NFO
Sundaram Mutual launches a New Fund Offer (NFO) - Sundaram Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt and money market Instruments and Gold ETFs. The investment objective of the scheme is to generate long term capital appreciation by investing in Equity and Equity related Securities, Debt and... Read More
Axis Mutual Fund garners over INR 3,400 Crores in the Axis India Manufacturing Fund, in one of the highest fund-raise for a Thematic Fund
Axis Mutual Fund, one among the fastest growing fund houses in India, is excited to announce that it has garnered over INR 3,400 crores in the Axis India Manufacturing Fund, one of the highest funds raises ever in a thematic fund this year. This NFO, from 1st Dec to 15th Dec 2023, received robust participation from diverse investor... Read More
Mirae Asset changes certain Scheme names
Investors are requested to note that, pursuant to clause 2.6 of SEBI Master Circular dated May 19, 2023 on categorization of schemes, the scheme name shall be the same as the scheme category for easy identification for investors. In order to align the scheme name with the respective scheme category, the Board of Mirae... Read More
Axis Mutual Fund Launches Axis US Treasury Dynamic Bond ETF Fund of Fund
Axis Mutual Fund, one among the fastest growing fund houses in India announces the launch of its latest fund offering, the 'Axis US Treasury Dynamic Bond ETF Fund of Fund'. Benchmarked against the Bloomberg US Intermediate Treasury TRI, the primary investment objective of the scheme is to provide regular income by... Read More
Recent News
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Kotak Mahindra AMC initiates "Wellness Drives Wealth" to raise health awareness among its trade partners
Dec 6, 2023
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India joins the coveted $4 trillion club
Dec 5, 2023
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Axis Mutual Fund Launches Axis India Manufacturing Fund
Nov 30, 2023
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Aditya Birla Sun Life US Treasury Bond ETFs Fund of Funds NFO
Nov 21, 2023
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Consumption is Calling: Are you Answering? Kotak Consumption Fund NFO Opens
Oct 26, 2023
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