Quant Mutual Fund has undertaken a significant restructuring of its fund management team following the resignation of Vasav Sahgal, who served as Fund Manager – Equity and Director of Quant Money Managers. His resignation, effective January 31, 2025, has led to a broad-based reallocation of fund management responsibilities across all 27 schemes. To ensure a …
International mutual funds invest in global equities and fixed-income securities, allowing investors to diversify beyond domestic markets. They help mitigate country-specific risks and provide exposure to global economic growth. With the rupee depreciating over time, investing in international funds can also provide a hedge against currency risk. Moreover, they allow investors to capitalise on opportunities …
Building wealth through Systematic Investment Plans (SIPs) is a disciplined approach that offers the power of compounding over time. But how long does it take to accumulate over ₹1.5 crore corpus with different monthly investments? We break it down into three scenarios—investing ₹5,000, ₹7,500, and ₹10,000 per month—assuming an estimated annual return of around 12%. …
After the setback in the previous budget, debt mutual fund investors have found renewed optimism in Budget 2025. Finance Minister Nirmala Sitharaman announced that individuals with incomes up to ₹12 lakh will effectively pay no income tax due to a ₹60,000 rebate under Section 87A. However, this relief does not extend to all types of …
Kotak Mahindra Mutual Fund has submitted a draft for the Kotak Nifty Alpha 50 Index Fund. This is an open-ended index fund that will replicate the Nifty Alpha 50 Index. The scheme aims to generate returns corresponding to the index’s performance, subject to tracking errors. Investment Allocation The fund’s portfolio will consist of 95-100% equity …
Kotak Mahindra Mutual Fund has filed a draft scheme document with the Securities and Exchange Board of India (SEBI) for the Kotak Nifty 200 Quality 30 Index Fund, an open-ended index fund that will track the Nifty 200 Quality 30 Index. The fund aims to replicate the index’s composition and generate returns corresponding to its …
Bajaj Finserv Mutual Fund has launched a New Fund Offering (NFO) with its Multi Cap Fund – Regular (G), opening doors for investors looking to diversify across large, mid, and small-cap stocks. The open-ended equity scheme aims for long-term capital appreciation by investing in companies of varying market capitalisations. Investment Details Metrics Details Category Equity …
HSBC Mutual Fund has launched the HSBC Financial Services Fund, an open-ended equity scheme focused on the financial sector. The New Fund Offer (NFO) will be open for subscription from February 6, 2025, to February 20, 2025. Investment Objective The scheme aims to achieve long-term capital appreciation by investing mainly in equity and equity-related securities …
DSP Mutual Fund has announced changes to the fundamental attributes of DSP Global Allocation Fund of Fund. These changes, which include a shift in investment focus, a new name, a revised benchmark, and a change in risk classification, will be effective from March 11, 2025. Change in Scheme Name The fund will now be called …
DSP Mutual Fund has declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for some of its schemes. The record date for this distribution is February 6, 2025. Distribution Details Investors holding units in the specified schemes on the record date will be eligible to receive the income distribution. The per-unit payout …
