ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Nifty EV & New Age Automotive ETF, an open-ended exchange-traded fund (ETF) designed to track the performance of the Nifty EV & New Age Automotive Index. For investors who do not have a Demat account, the fund house is also introducing the ICICI …
Edelweiss Mutual Fund has announced that Bharat Bond FOF – April 2025 will merge into Bharat Bond FOF – April 2030, effective April 16, 2025. Following the merger, Bharat Bond FOF – April 2025 will no longer exist, and its investors will become unitholders of Bharat Bond FOF – April 2030. Impact on Investors As …
Nippon India Mutual Fund has announced the merger of 2 fixed maturity schemes into an existing liquid fund. The changes will take effect from April 22, 2025. Schemes Being Merged The following schemes will be merged into Nippon India Liquid Fund: Nippon India Monthly Interval Series II Nippon India Monthly Interval Series I After the …
Mutual fund investors looking for periodic income distributions have fresh updates from ICICI Prudential Mutual Fund and Mirae Asset Mutual Fund. Both fund houses have declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option across select schemes. The record date for these distributions is March 20, 2025. Mirae Asset Mutual Fund Mirae …
The Nifty 50 index has witnessed a sharp recovery, surging over 1,000 points from its March 4, 2025, low and surpassing the 23,000 mark on March 20. This rebound has provided a much-needed boost to oversold stocks and sectors, triggering a sharp rally in specific themes such as Defence and Public Sector Undertaking (PSU) stocks. …
As of March 20, 2025, the Nifty Smallcap 250 index has seen a commendable rise of 7.65%. The increase indicates that the smaller companies are bouncing back from any recent setbacks, showing resilience and potential growth. The positive movement in the Nifty Smallcap 250 index has also positively impacted small-cap mutual funds, with several funds …
Introduction International funds offer investors an opportunity to diversify their portfolio by investing in equities outside India. These funds primarily invest in stocks of companies listed on foreign exchanges, providing exposure to some of the biggest global names. While they can be an essential part of a mutual fund investor’s strategy for portfolio diversification, international …
Axis Mutual Fund has launched the Axis Services Opportunities Fund, a thematic open-ended equity scheme that aims to capitalise on the growing momentum within India’s services sector. The fund seeks long-term capital appreciation by investing in a diversified portfolio of companies that generate or are expected to generate revenues from service-related activities. Objective of the …
The New Fund Offer (NFO) period for the 360 ONE Silver ETF has been extended. The offer, which was earlier set to close on March 20, 2025, will now remain open for subscription until March 24, 2025. The extension gives investors 4 additional days to participate in the NFO. Fund Details The 360 ONE Silver …
UTI Mutual Fund has launched a new open-ended scheme — UTI Income Plus Arbitrage Active FoF. The New Fund Offer (NFO) is open from March 21, 2025, to April 3, 2025. The fund will invest in a mix of debt-oriented mutual fund schemes and arbitrage mutual fund schemes. Basic Details Scheme Type: Open-ended fund of …
