Nippon India Mutual Fund has announced changes in the fund management of several passive schemes, effective February 1, 2025. Jitendra Tolani will replace Himanshu Mange as the fund manager for multiple exchange-traded funds (ETFs) and index funds. List of Affected Schemes The following schemes will now be managed by Jitendra Tolani: ETFs: CPSE ETF, Nippon …
With the enactment of the Finance Bill, 2025, investors must reassess how their capital gains from mutual funds and Unit Linked Insurance Plans (ULIPs) will be taxed. The distinction between long-term and short-term capital gains remains crucial, directly affecting the tax rates applicable upon redemption or sale of investments. Here’s an in-depth look at the …
Quant Mutual Fund is set to reposition its investment strategy, gradually shifting away from defensive stocks towards cyclical and growth-oriented segments. This move is driven by evolving economic conditions both in India and globally, highlighting the importance of agility in portfolio management. The Kumbh Mela Analogy: A Pitcher of Opportunities The Kumbh Mela, a massive …
HSBC Mutual Fund has announced changes in fund management responsibilities for 17 schemes, effective February 1, 2025. Most of these changes involve debt funds, while equity and arbitrage managers remain the same. List of Fund Manager Changes Scheme Previous Fund Managers New Fund Managers HSBC Arbitrage Fund Kapil Punjabi (Debt), Hitesh Gondhia (Arbitrage), Mahesh A …
Samco Mutual Fund has introduced the Samco Large Cap Fund, an open-ended equity scheme focused on large-cap stocks. The fund aims to provide long-term capital appreciation by investing primarily in equity and equity-related instruments of large-cap companies. Like most equity schemes, there is no guarantee of returns, and the risk level is categorised as very …
Axis Mutual Fund, India’s eighth-largest fund house, is witnessing a turnaround in its equity fund performance after struggling for nearly 2 years. Many of its equity and hybrid schemes have now moved to the top half of the one-year return charts, with some showing improvements in longer periods as well. Key Changes Behind the Revival …
The Invesco India Business Cycle Fund is a new open-ended equity scheme that follows a business cycle investing theme. This means it dynamically allocates capital between sectors and companies depending on the prevailing economic cycle. The fund aims to capture opportunities at different stages of the business cycle, offering investors exposure to companies that are …
ITI Mutual Fund has announced the launch of the ITI Bharat Consumption Fund, an open-ended equity scheme that invests in companies benefiting from India’s growing consumption demand. The fund’s New Fund Offer (NFO) will be open from February 6, 2025 to February 20, 2025. Fund Objective The primary objective of the ITI Bharat Consumption Fund …
SBI Mutual Fund has launched the SBI Nifty IT Index Fund, an open-ended scheme that aims to track the Nifty IT Index. The fund will primarily invest in stocks that are part of the index, giving investors exposure to major Indian IT companies. Subscription Period and Investment Details The New Fund Offer (NFO) will be …
Bandhan Mutual Fund has launched the Bandhan Fixed Maturity Plan (FMP) – Series 209, a close-ended debt scheme with a 93-day tenure. The New Fund Offer (NFO) opens on February 3, 2025, and closes on February 10, 2025. Once the NFO period ends, fresh investments won’t be allowed, but the scheme is proposed to be …
