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 …
Mirae Asset Investment Managers (India) Pvt. Ltd. has achieved a significant milestone of ₹2 lakh crore in assets under management (AUM). This remarkable feat underscores its position as one of India’s fastest-growing mutual fund houses, with an impressive CAGR of 54% over the last five years. A Journey of Resilience and Growth Founded in 2008, …
If you’re aiming to hit two financial goals with one stone—building wealth while saving taxes—Equity-Linked Saving Schemes (ELSS), commonly known as tax-saving mutual funds, can be a fitting choice. These funds not only offer tax deductions under Section 80C but also inculcate long-term investing discipline through a mandatory three-year lock-in period. In this article, we’ll …
Equity mutual funds saw a 35% rise in total assets under management (AUM) in 2024, increasing from ₹22.50 lakh crore in January to ₹30.35 lakh crore by November. Mutual Fund SIP accounts in India have reached an impressive 10.23 crore (102.3 million) by November 2024. The total contributions collected through SIPs in November stood at …
In 2024, the Indian mutual fund industry continued its upward trajectory, driven by the consistent growth of Indian equities that attracted retail investors. This made mutual funds the preferred choice for wealth creation and long-term financial planning. By November 2024, the industry’s Assets Under Management (AUM) crossed the ₹68 lakh crore mark for the first …
Debt SIP (Systematic Investment Plan) mutual funds allow investors to invest in fixed-income securities through regular, systematic contributions. These funds primarily invest in bonds, government securities, and money market instruments. Debt funds experienced moderate growth of ~7% in FY 2024, reaching assets of ₹12.62 lakh crore, after contracting 2% and 9% in FY 2022 and …
Franklin Templeton Mutual Fund has declared income distribution under the IDCW (Income Distribution cum Capital Withdrawal) option for 2 of its schemes. Investors should note the record date for this distribution is set as December 20, 2024. Here are the details for the announced distributions: Income Distribution Details The income distribution per unit varies across …
HDFC Mutual Fund has declared an Income Distribution cum Capital Withdrawal (IDCW) under its HDFC Arbitrage Fund – Wholesale Plan for both Regular and Direct Plans. The record date for this distribution has been set for December 19, 2024, and the distribution applies to the face value of ₹10 per unit across various options under …
In FY 2024, the growth of Systematic Investment Plans (SIPs) in India has been remarkable, reflecting a rise in retail participation in mutual funds. Net inflows reached nearly ₹2 lakh crore, up from ₹1.55 lakh crore in the previous year. Monthly contributions hit new highs throughout the year, crossing ₹21,000 crore in June and reaching …
There has been a steady rise in 2024 in the preference for index mutual funds. Amidst the volatility and economic uncertainties, investors have increasingly turned to index funds for their stable and diversified growth potential. According to the AMFI portal’s monthly report for November 2024, there are 270 open-ended index mutual funds listed, highlighting the …
