Mutual Fund News
Kotak Mahindra AMC initiates "Wellness Drives Wealth" to raise health awareness among its trade partners
Kotak Mahindra Asset Management Company Ltd. (KMAMC) recently initiated “Wellness Drives Wealth”, a drive to raise health awareness among its trade partners and their family members. Around 2000 people participated in the drive, conducted in more than 50 cities is aimed at promoting healthy living. Under the initiative, the... Read More
India joins the coveted $4 trillion club
The market capitalization as evidenced by the stocks listed on the BSE and the NSE surpassed the $4 trillion mark on 29 November. India is now the fifth country after the United States, China, Japan, and Hong Kong to achieve this milestone. The overall market capitalization on the BSE touched Rs 333.29 lakh crore ($4 trillion in US... Read More
Axis Mutual Fund Launches Axis India Manufacturing Fund
Mumbai, November 29, 2023: In an endeavour to harness the potential of India's growing manufacturing theme, Axis Mutual Fund, one among the fastest growing fund houses in India, has announced the launch of Axis India Manufacturing Fund. The latest offering is an open-ended equity scheme that represents the India... Read More
Aditya Birla Sun Life US Treasury Bond ETFs Fund of Funds NFO
Aditya Birla Sun Life AMC Limited (ABSLAMC), a subsidiary of Aditya Birla Capital Limited and investment manager for Aditya Birla Sun Life Mutual Fund, collected nearly Rs 200 crore for its Aditya Birla Sun Life US Treasury Bond ETFs Fund of Funds NFO from 16th October 2023 to 30th October 2023. Aditya Birla Sun Life US Treasury... Read More
Consumption is Calling: Are you Answering? Kotak Consumption Fund NFO Opens
Mumbai, October 25, 2023: Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) today announced the launch of Kotak Consumption Fund, an Open-Ended Scheme that will invest in equity, equity related securities of companies engaged in consumption and consumption related activities. The scheme... Read More
Gamification of Indian Equities
Indian equity markets have undergone a remarkable transformation, with derivatives trading now dominating the landscape. Equity derivatives account for a staggering 99.6% of market volumes, totaling over US$4.3 trillion per day. Alignment of expiries in key indices to different days of the week now facilitates zero-day expiries... Read More
RBI Monetary Policy: Status quo as widely expected
As widely expected and concurrent to our view, the Reserve Bank of India (RBI) continued with a pause on interest rates, but with a hawkish bias. The governor highlighted uncertainty around inflationary pressures and added that the policy remains focused on aligning inflation to 4% target on durable basis and not in the band of... Read More
Axis Mutual Fund unveils results of Investor Survey on 'Risk Comprehension' in India
Mumbai, 25 Sep 2023: Axis Mutual Fund, one among the fastest growing mutual fund houses in India, conducted an investor survey to ascertain 'Risk Comprehension' amongst Indian investors. The survey received responses from over 1700 Axis MF investors from across the country. The objective of the survey was to receive insights on... Read More
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
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