HDFC Mutual Fund has announced a name change for its large-cap equity scheme, HDFC Top 100 Fund. Effective January 1, 2025, the scheme will be renamed as HDFC Large Cap Fund, as per a notice-cum-addendum issued on December 24, 2024. Fund Overview & Investment Strategy HDFC Large Cap Fund is an open-ended equity scheme that …
ICICI Prudential Mutual Fund has submitted its draft proposal for the ICICI Prudential BSE Liquid Rate ETF – Growth. This new fund aims to provide a short-term savings solution, aligning with the BSE Liquid Rate Index for relatively low credit and interest rate risks. Investment Objective & Strategy The ETF is designed to deliver returns …
Kotak Mutual Fund has announced a revision in the exit load structure for its Kotak Transportation & Logistics Fund. Previously, an exit load of 1% was applicable for redemptions made within 30 days of investment. Effective immediately from December 23, 2024, this has been revised to 1% for redemptions within 90 days. NFO Timeline and …
Mirae Asset Mutual Fund has announced an update to the New Fund Offer (NFO) period for its upcoming Mirae Asset Small Cap Fund. Initially set to launch on January 9, 2025, the NFO will now begin on January 10, 2025, and conclude on January 24, 2025. This adjustment pushes the schedule forward by one day …
Mirae Asset Mutual Fund has announced a revision in the exit load structure for select hybrid schemes, effective January 1, 2025. The changes impact three schemes: Mirae Asset Balanced Advantage Fund, Mirae Asset Multi Asset Allocation Fund, and Mirae Asset Equity Savings Fund. Here’s a look at the updates: Mirae Asset Balanced Advantage Fund The …
ITI Asset Management Company Ltd (ITI AMC), founded in 2019, has achieved a significant milestone by surpassing ₹10,000 crore in assets under management (AUM) as of December 3, 2024. This milestone underscores the AMC’s rapid growth and consistent focus on delivering value to its investors. The Inception and Growth Story ITI AMC launched its journey …
Tata AIA Life Insurance Co. Ltd. has announced the launch of its Tata AIA Multicap Momentum Quality Index Fund, a new fund offer (NFO) designed to generate long-term capital appreciation. The NFO will be open for subscription from December 24, 2024, to December 31, 2024. Investment Approach and Strategy The fund adopts a systematic, factor-based …
A public interest litigation (PIL) filed in the Bombay High Court claims that the Association of Mutual Funds in India (AMFI) runs “misleading” and “deceptive” advertisements under the tagline “Mutual Funds Sahi Hai.” The petitioner, a chartered accountant, alleges these ads promote mutual funds recklessly, with no factual basis or rationale. Criticism of Campaign Content …
Bajaj Finserv Mutual Fund is introducing the ELSS Tax Saver Fund, an open-ended equity-linked savings scheme (ELSS) designed to offer long-term capital appreciation along with tax-saving benefits. This scheme will provide investors an opportunity to participate in equity markets while availing tax deductions under Section 80C of the Income Tax Act, 1961. The New Fund …
UTI Nifty 50 Index Fund Regular Plan Growth has achieved a significant milestone, crossing an Assets Under Management (AUM) of ₹20,082.94 crore as of November 2024. This milestone underscores investor confidence in passive investing and the fund’s ability to track the Nifty 50 Index effectively. Investment Objective: Passive Growth Potential The principal objective of the …
