Mutual Funds - Angel One

Gold ETFs (Exchange Traded Funds) Fund of Funds (FoF) are gaining traction among investors who seek exposure to gold as a hedge against market volatility and inflation. Two standout performers in this category are the UTI Gold ETF FoF Direct – Growth and Invesco India Gold ETF FoF Direct – Growth. In this blog, we …

In August, top mutual fund houses sold a large portion of their shares in HDFC Bank, amounting to around ₹8,200 crore. Data shows that 23 out of 41 funds reduced their stakes, including major names like Kotak Mahindra Mutual Fund, Quant Mutual Fund, and SBI Mutual Fund. This marks the first time in 8 months …

Introduction Axis CRISIL-IBX AAA NBFC Index – June 2027 Fund is a new fund offering (NFO) that aims to track the CRISIL-IBX AAA NBFC Index, providing investors exposure to a diversified portfolio of AAA-rated debt securities issued by non-banking financial companies (NBFCs). Fund Objectives The fund aims to replicate the performance of the CRISIL-IBX AAA …

The Indian mutual fund industry experienced a significant decline in net inflows during August 2024, with a drop of 43% compared to the previous month. Total inflows for the month amounted to ₹ 1.08 lakh crore, down from ₹ 1.89 lakh crore in July. The primary driver of this decline was a substantial reduction in …

India’s mutual fund industry continues to exhibit robust growth, with its Assets Under Management (AUM) reaching a new milestone of ₹66.70 lakh crore in August 2024, according to data from the Association for Mutual Funds in India (AMFI). This substantial increase reflects a surge in investor interest driven by factors such as India’s burgeoning economy …

ICICI Prudential Mutual Fund has filed a scheme information deed (SID) for the ICICI Prudential Nifty EV & New Age Automotive ETF. This open-ended Exchange-Traded Fund tracks the Nifty EV & New Age Automotive Index. The scheme’s performance would be benchmarked against the Nifty EV & New Age Automotive TRI. Since the scheme is an …

The mutual fund industry’s assets achieved a new high, with an asset base of Rs. 66.70 lakh crore at the end of August 2024. The folio count surpassed 20 crores, and the positive inflows reflect investor trust and confidence in mutual funds as a preferred route for wealth creation. The overall AUM of the mutual …

The Enforcement Directorate (ED) has seized 1.29 million rupees ($15,360) in raids conducted in Mumbai and Kolkata as part of an ongoing investigation into front-running allegations at Axis Mutual Fund. The probe was initiated last year after the Securities and Exchange Board of India (SEBI) identified wrongful gains of 305 million rupees stemming from suspected …

Kotak Mutual Fund has filed a Scheme Information Deed with the market regulator SEBI to launch the Kotak Energy Opportunities Fund. This open-ended equity scheme follows the Energy theme. The performance of the Kotak Energy Opportunities Fund is measured against Nifty Energy TRI. The new fund offer (NFO) open and close date is yet to …

Contra funds are equity mutual funds that follow a contrarian investment approach. This strategy involves investing in stocks that are currently out of favor or underperforming in the market but possess strong fundamentals and potential for long-term growth. The essence of this approach is to buy undervalued stocks at low prices and hold them until …