Mutual Fund News
Global Bond Inclusion: A Win for India
10 Years to the day, India suffered one of its worst balance of payments crises leading to a sharp deterioration in its currency and labelled as a ‘Fragile Five’ nation. Fast forward to 2023, a series of gradual policy reforms have allowed India to expand its global clout in the world of market finance and further integrate into the global... Read More
SochaSamjhaRisk: Axis Mutual Funds latest campaign urges investors to Understand Risk to make Well Informed investment decisions
Axis Mutual Fund, one among the leading fund houses in India is excited to announce the launch of its new dynamic and insightful advertising campaign, #SochaSamjhaRisk. It is a 360-degree campaign aimed at encouraging investors to understand individual risk appetites with the help of a Risk Profiler. The initiative also focuses on... Read More
Watch Taher Badshah, CIO - Invesco Mutual Fund share insights
Watch Taher Badshah, CIO - Invesco Mutual Fund share insights into pockets in the Indian markets that could outperform for the rest of the year in a slow global setting... Read More
Should India be worried about rising US Treasury yields?
The significant rise in 10-year US Treasury yields have caught markets in general off-guard. While yields did retreat from 15-year high of 4.34% to ~4.12%, these are quite high compared to 1.7-2% levels seen in early 2022. What are the factors that led to the rise in yields and should higher yields be a concern for India... Read More
Mirae Asset Mutual Fund garners more than Rs. 1,393 crore in Mirae Asset Multicap Fund NFO
If the NFO aligns with your investment objective that suits your financial goals and risk appetite, then it can be a good investment. A similar case has unfolded for Mirae Asset Mutual Fund, known as One of the fastest growing fund houses in India, back with another equity fund after an extended period. Mirae Asset Multicap Fund was... Read More
RBI Monetary Policy: Read between the lines
With inflation as the top agenda for the central bank, the MPC action today can be perceived as a tad 'hawkish'. Uncertainty on account of El-Nino patterns and external forces are likely factors affecting the MPC's thought process. The big story was a surprise CRR action on incremental deposits raising eyebrows across... Read More
LIC Mutual Fund Announces Completion of IDBI MF Schemes Merger
Mumbai, July 31, 2023: LIC Mutual Fund (LIC MF), one of the reputed fund houses in the Indian asset management industry, has announced the successful completion of the takeover of schemes of IDBI Mutual Fund (IDBI MF). The effective date of merger has July 29, 2023. The move is in line with LIC MF's mission to strengthen... Read More
Building sustainable excellence
What is the hallmark of great sporting champions? They may not win every single match, but everyone believed that they would give a stellar performance whenever they set foot on the field. The consistency of their wins dwarf the losses; and they are known for longevity, consistency, patience, discipline and managing risks by... Read More
Axis Mutual Fund launches Axis Nifty IT Index Fund
Mumbai, June 26, 2023: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis Nifty IT Index Fund, an open-ended index fund tracking the NIFTY IT TRI. Mr. Hitesh Das (Fund Manager) would be managing the fund. Axis Nifty IT Index Fund will track the NIFTY IT TRI... Read More
RBI Monetary Policy: Non Committal
The RBI kept rates unchanged in a widely expected monetary policy announcement. The MPC also decided by a majority of 5 of 6 members to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Inflation estimates lowered to 5.1% for FY 2024 & RBI... Read More
Axis Mutual Fund appoints Vandana Trivedi as the Head for Institutional Business & Passives
Axis Mutual Fund, one among the fastest growing fund houses in India, is pleased to announce the appointment of Ms. Vandana Trivedi as Head of Institutional and Passive Businesses. In her new role, she will be responsible for developing and leading the sales strategy and client relationship management for institutional clients... Read More
Demonetization 2.0: Withdrawal of Rs 2000 Notes
RBI yesterday announced withdrawal from circulation of Rs 2,000 notes and have given time to deposit the same with banks up to 30th September 2023. Also a withdrawal of Rs 20,000 per person per day of notes in exchange is allowed. First resemblance of such an announcement would be a comparison with 2016 demonetization... Read More
Does Indus Valley need to fear Silicon Valle
The financial world has been grappling with the fallout from the collapse of a few banks in the West. In this note, we are taking a look at the potential impact on the Indian banking system. At the outset let us remember that the direct impact is limited. Most of Indian banks have limited global exposure and none have reported any significant... Read More
Axis Mutual Fund: RBI Monetary Policy
The Reserve Bank of India surprised the market with a pause in its rate hike campaign leaving the policy repo rate unchanged at 6.50%. The RBI Governor emphasized that this pause was only for this meeting and the Monetary Policy Committee wouldn’t hesitate to act as needed in future meetings to bring inflation down. The MPC... Read More
Confidence over Capital: Indian Banks fare better
The month of March 2023 saw a slew of US regional banks facing a crises of confidence resulting in panic across respective deposit bases and ultimately a collapse of some banks. The situation was compounded as Credit Suisse, one of the world’s largest banks was hastily forced into a takeover deal by the Swiss National Bank... Read More
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