LIC Mutual Fund has introduced a lower minimum daily Systematic Investment Plan (SIP) amount, making mutual fund investments more accessible. Investors can now start a daily SIP with just Rs.100 and in multiples of Re.1 thereafter, effective from October 16, 2024. This reduction applies to select schemes managed by LIC MF and aims to attract …
Introduction: A New Equal Weight Index On October 15, 2024, NSE Indices Limited, a subsidiary of the National Stock Exchange of India (NSE), launched a new index named the Nifty Top 15 Equal Weight Index. This index aims to provide a unique alternative to traditional market-cap-weighted indices by giving equal weight to the top 15 …
Tata BSE Select Business Groups Index Fund Overview Tata Mutual Fund has filed the Tata BSE Select Business Groups Index Fund with SEBI, an open-ended index fund replicating or tracking the BSE Select Business Groups Index (TRI). The fund’s objective is to provide long-term capital appreciation by investing in a portfolio of companies that form …
Mirae Asset Investment Managers (India) is set to launch the Mirae Asset Gold ETF Fund of Fund, an open-ended scheme aimed at providing long-term capital appreciation by investing in units of the Mirae Asset Gold ETF. This fund of fund scheme offers an option for investors looking to gain exposure to gold without the hassles …
Investors looking for an easy way to gain exposure to gold may find the upcoming Groww Gold ETF Fund of Fund (FOF) an attractive option. The fund, which opens for subscription on October 16, 2024, and closes on October 30, 2024, offers a relatively low minimum investment and plans to provide returns in line with …
Nippon India Mutual Fund Announces Resumption of International Funds Subscription Nippon India Mutual Fund has officially reopened subscription for its international schemes, effective from October 15, 2024. Investors can now invest in these global equity funds through lump sum, switch-ins, and new Systematic Investment Plan (SIP) or Systematic Transfer Plan (STP) registrations. This move offers …
Introduction Invesco Mutual Fund has filed a draft with SEBI for its new offering, the Invesco India Business Cycle Fund. This thematic equity scheme aims to capitalize on business cycle trends by dynamically adjusting its sectoral and stock allocation. Fund Overview Name of the Fund: Invesco India Business Cycle Fund Category: Thematic Fund Type: Open-ended …
Baroda BNP Paribas Mutual Fund has launched an open-ended Scheme replicating/tracking the Nifty Midcap 150 Total Returns Index, Baroda BNP Paribas NIFTY Midcap 150 Index Fund. The Baroda BNP Paribas Mutual Fund NFO opened for investment on October 14, 2024, and will close on October 28, 2024. Investment Objective The investment objective of the Baroda …
Introduction The New Fund Offer (NFO) for Bandhan Nifty 500 Value 50 Index Fund opens on October 14, 2024, and presents an excellent opportunity for investors seeking value-centric equity exposure. As a passive fund tracking the Nifty 500 Value 50 Index, it offers exposure to undervalued stocks within the larger Nifty 500 universe. Key Highlights …
Bandhan Mutual Fund is launching its Nifty 500 Momentum 50 Index Fund (Regular Plan – Growth), and this new fund offers investors a unique opportunity to ride the wave of momentum investing. The NFO opens for subscription on October 14, 2024, and will close on October 24, 2024. Here’s a detailed look at the key …
