The ITI Bharat Consumption Fund, a thematic mutual fund, aims to generate long-term capital appreciation by investing in equity-related securities of companies engaged in India’s consumption-driven economy. This fund is designed for investors seeking exposure to the growing domestic consumption market. Structure and Investment Objective The ITI Bharat Consumption Fund operates as an open-ended equity …
The mutual fund (MF) industry experienced remarkable growth in 2024 thanks to increased participation from retail investors. Systematic Investment Plan (SIP) contributions surged significantly, while the number of investors grew by nearly 10 million in the first 11 months of the year. SIP Contributions Reach New Heights Data from the AMFI (Association of Mutual Funds …
On January 1, 2025, HDFC Flexi Cap Mutual Fund will celebrate 30 years of helping investors achieve their financial goals. As one of the oldest schemes in the mutual fund industry, it has built an impressive legacy with a robust AUM base of approximately ₹66,304 crore as of November 29, 2024. The Journey of Growth …
Union Mutual Fund is set to consolidate its offerings by merging the Union Medium Duration Fund into the Union Corporate Bond Fund. This strategic move aims to streamline the fund house’s debt portfolio and provide investors with a more focused investment avenue. The merger is scheduled to take effect on January 29, 2025. Union Medium …
PGIM India Mutual Fund has declared an income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option of its PGIM India Large Cap Fund. The record date for the distribution is set as December 31, 2024. This announcement highlights the fund’s commitment to delivering consistent returns to its investors. Income Distribution Details The income …
The investors are constantly looking for effective investment options and Equity Linked Savings Schemes (ELSS) have become one of the most popular and attractive investment vehicles in India. These mutual funds not only offer an opportunity for wealth creation but also help investors save taxes under Section 80C of the Income Tax Act. In this …
A Systematic Investment Plan (SIP) is a popular and disciplined way to invest in mutual funds, with investors contributing a fixed amount monthly. For those planning to invest ₹5,000 per month, it’s important to identify SIP plans that can deliver solid returns over a 5-year period. In this article, check the best SIP mutual funds …
The New Year 2025 brings fresh opportunities for parents to set their children up for financial success. One such opportunity lies in Children Mutual Funds—an investment option designed to grow wealth for the long-term needs of your child. Whether it’s saving for education, marriage, or other major milestones, these funds offer a reliable way to …
The new year brings fresh investment opportunities for mutual fund investors, with several New Fund Offers (NFOs) lined up in January 2025. NFOs allow investors to diversify their portfolios by entering funds at their inception. Whether you’re a seasoned investor or a beginner, exploring these funds can help you align your investments with your financial …
Bajaj Finserv Asset Management Company (AMC) has announced the launch of the Bajaj Finserv Gilt Fund, an open-ended debt scheme focused on government securities. The fund, designed for low credit risk and reasonable returns, opens for subscription on December 30, 2024, and closes on January 13, 2025. Investment Objective The fund’s investment objective is to …
