Axis Mutual Fund Launches Axis Nifty 500 Index Fund

Jun 25, 2024 by Axis Mutual 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 Nifty 500 Index Fund. This open-ended index fund aims to replicate the performance of the Nifty 500 Total Return Index (TRI), offering investors broad exposure to India's top 500 companies listed on the... Read More

RBI Monetary Policy: Rates unchanged, growth forecasts upgraded

Jun 7, 2024 by Axis Mutual Fund

Concurrent to our view, in its second policy of FY25, the Reserve Bank of India (RBI) retained a pause on interest rates for the eighth consecutive time. With headline inflation above the 4% target, the central bank governor persisted with its withdrawal of accommodation stance. However, two members voted for an interest rate cut, while... Read More

Thinking ALOUD: A third term indicates political stability: Axis Asset Management

Jun 7, 2024 by Axis Mutual Fund

The election results are out and the Bhartiya Janata Party (BJP) led National Democratic Alliance (NDA) secured a third consecutive term. The BJP won 240 of the 543 seats in the Lower House (272 seats needed for a majority). However, despite the good strength of the BJP, the numbers fell short of a clear majority and more importantly... Read More

Groww Mutual Fund launches feature to help distributors complete their customer's KYC and Re-KYC process

Jun 4, 2024 by Groww Mutual Fund

Mutual Fund distributors can now help their customers verify or reverify their KYC, with the Groww Mutual Fund online platform, seeking to create a seamless investment experience for their customers. The last few months of 2024 have brought concerns for multiple mutual fund investors, who have witnessed issues related to their... Read More

Announcing our NFO: Sundaram Business Cycle Fund

Jun 3, 2024 by Sundaram Mutual Fund

To provide long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying medium term cycles which can impact the business fundamentals. This will be done through dynamic allocation between various themes and stocks at different stages of cycles in the economy. No... Read More

Nippon India Mutual Fund Launches Industry First Sonic Identity: The Sound of Freedom

May 27, 2024 by Nippon India Mutual Fund

Nippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India Mutual Fund (NIMF), proudly announces the unveiling of its groundbreaking sonic identity – a powerful soundscape symbolizing Financial Freedom. NIMF is the first asset management company (AMC) in India to launch its own brand sound... Read More

Axis Mutual Fund Launches Axis Nifty Bank Index Fund

May 2, 2024 by Axis Mutual Fund

In a significant move to tap into the dynamic growth of the Indian banking sector, Axis Mutual Fund is excited to announce the New Fund Offer (NFO) of the 'Axis Nifty Bank Index Fund'. This open-ended index fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth narrative of... Read More

Groww receives SEBI approval to launch Indias first Nifty Non-Cyclical Consumer Index Fund

Apr 24, 2024 by Groww Mutual 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

Apr 10, 2024 by Axis Mutual Fund

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

Mar 29, 2024 by Kotak Mutual Fund

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

Mar 1, 2024 by Groww Mutual Fund

Groww Asset Management Ltd ('AMC') appoints Mr. Manish Ranjan as the Head of Sales & Distribution... Read More

India gains further ground in MSCI Indices

Feb 15, 2024 by Axis Mutual Fund

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

Feb 13, 2024 by Kotak Mutual Fund

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

Feb 13, 2024 by Sundaram Mutual Fund

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)

Feb 9, 2024 by LIC Mutual Fund

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