Mutual Fund News
Views: Finance Bill 2023
Investment in mutual funds (where not more than 35 percent is invested in equity shares of domestic companies) that are bought on or after April 1, 2023, will be taxed as short-term capital gains at applicable tax rates. That is, capital gains from debt funds, international funds and gold funds, irrespective of their holding... Read More
Axis MF launches Axis S&P 500 ETF Fund of Fund
Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis S&P 500 ETF Fund of Fund (an open ended fund of fund investing in Exchange Traded Funds replicating S&P 500 TRI, subject to tracking errors). The new fund will adhere to the S&P 500 TRI (INR) benchmark... Read More
Axis Mutual Fund launches Axis Nifty G Sec September 2032 Index Fund
Mumbai, March 03, 2023: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis NIFTY G-Sec September 2032 Index Fund. It is an open-ended target maturity debt index fund investing in constituents of the NIFTY G-Sec September 2032 Index. Aditya Pagaria... Read More
BRSR: Making ESG accessible
India has taken several strides in the fight for environmental, social & governance aspects that have historically plague economies and industry. The thrust towards sustainability has won laurels from all major global powers given the longevity of the goal and possible economic impacts. Sustainability reporting in India will make a big... Read More
Can India be at the cusp of a new capex cycle
The productive capacity of an economy is acquired from the fixed assets formation in its industries. Capital expenditure (Capex) is incurred when a business entity invests to capture additional market opportunities. Long term economic growth takes place when such capital expenditure is undertaken for new projects, or for expansion... Read More
RBI Monetary Policy: Under Control
After a pro-growth and a fiscally conscious budget, the RBI backed up the government with a market consensus policy announcement. The RBI MPC on 8th February 2023 decided to raise policy rates by 25 bps, in line with market expectations. The governor stated the RBI?s current objectives remained the 3 simultaneous targets... Read More
Axis Mutual Fund launches Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund
Mumbai, February 07, 2023:Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund. It is an open-ended target maturity index fund investing in constituents of CRISIL IBX 50:50 Gilt Plus SDL Index... Read More
Budget 2023: Strengthening the growth ship
In yet another finely crafted budget, the actions outlined, strike a balance between the need for growth and fiscal consolidation. For the first time the budget also mentions the need to invest and incubate future-centric industries, new age technologies and data sciences. On the infrastructure front, a mammoth 33% increase in capex... Read More
Axis Mutual Fund launches Axis Business Cycles Fund
Mumbai, January 30, 2023: Axis Mutual Fund, one amongst the fastest growing fund houses in India, announced the launch of their new fund offer –Axis Business Cycles Fund, an open ended equity scheme following business cycles based investing theme. The NFO opens on 2nd February 2023 and closes on 16th February, 2023... Read More
Axis Mutual Fund launches Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund
Mumbai, January 04, 2023: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their new fund offer – Axis CRISIL IBX 50:50 Gilt Plus SDL June 2028 Index Fund. It is an open-ended target maturity index fund investing in constituents of CRISIL IBX 50:50 Gilt Plus SDL Index – June... Read More
ITI Mutual Fund announces the appointment of Mr. Rajesh Bhatia as Chief Investment Officer
ITI Asset Management Limited has appointed Mr. Rajesh Bhatia as Chief Investment Officer (CIO), effective 6th December, 2022. As CIO, he will spearhead the entire Investment Function in the organization. He brings with him more than 3 decades of experience in Indian Equities and of which he has more than a decade of... Read More
Axis Mutual Fund launches Axis Long Duration Fund
Mumbai, December 06, 2022: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis Long Duration Fund. It is an open-ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than 7 years; a relatively high interest rate... Read More
Axis MF launches Axis Nifty SDL September 2026 Debt Index Fund
Mumbai, November 04, 2022: Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their new fund offer – Axis Nifty SDL September 2026 Debt Index Fund. It is an open-ended target maturity index fund investing in constituents of Nifty SDL Sep 2026 Index; a relatively high interest rate risk and... Read More
Axis Mutual Fund launches Axis NASDAQ 100 Fund of Fund
Mumbai, October 06, 2022: Axis Mutual Fund, one of the leading asset management companies in India announced the launch of the Axis NASDAQ 100 Fund of Fund (an open ended fund of fund scheme investing in units of ETFs focused on the Nasdaq 100 TRI). The fund would focus on replicating the performance of the NASDAQ 100 TRI... Read More
RBI Monetary Policy: All in Unison
The RBI MPC decided to raise policy rates by 50 bps for the third consecutive time, in line with market expectations. In view of MPC, rate hike was in line to keep inflation expectations anchored and support medium term growth prospective. This action can be seen in tune with other major global central banks... Read More
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