HDFC Securities, a prominent broking firm and subsidiary of HDFC Bank, has announced a remarkable milestone in its journey. The company’s mutual fund Assets Under Management (AUM) have exceeded ₹25,000 crore, showcasing its robust growth and dedication to empowering investors with long-term wealth creation strategies. Key Drivers Behind the Achievement The exceptional growth in AUM …
Nippon Life India Asset Management Limited (NAM India) has announced the launch of the Nippon India Large Cap Fund GIFT, marking its debut offering from the GIFT City platform. This strategic milestone underscores the firm’s commitment to expanding its global footprint and providing innovative investment opportunities to international investors. What Is Nippon India Large Cap …
Public Sector Undertaking (PSU)-themed mutual funds, which focus on investments in state-owned enterprises, have garnered attention for their unique positioning in the market. However, the past three months have posed challenges, with several funds recording negative returns. Recent Performance Trends Over the past three months, PSU-themed mutual funds have struggled, with losses of up to …
Axis Mutual Fund has announced modifications to the Axis All Seasons Debt Fund of Funds, effective February 14, 2025. The scheme will be renamed Axis Income Advantage Fund of Funds. Alongside the name change, the investment objective has been updated. The scheme will now aim to generate optimal medium-term returns by investing in debt-oriented mutual …
The Indian mutual fund landscape witnessed notable shifts in December 2024, as open-ended equity mutual fund inflows soared despite muted market performance. According to data released by the Association of Mutual Funds of India (AMFI) on January 9, inflows were driven by strong interest in thematic/sectoral and small-cap funds. However, the overall industry saw significant …
The DSP Credit Risk Fund is an open-ended debt scheme designed to predominantly invest in AA and below-rated corporate bonds, excluding AA+ rated bonds. It offers relatively high interest rate risk and credit risk, making it a unique option within the debt fund category. The primary investment objective is to generate returns commensurate with the …
ITI Mutual Fund has announced an income distribution of ₹0.10 per unit under the IDCW (Income Distribution cum Capital Withdrawal) option for its ITI Balanced Advantage Fund. This distribution applies to both regular and direct plans of the fund. Record Date for Eligibility The record date for this income distribution is January 9, 2025. Investors …
ICICI Prudential Mutual Fund has announced an income distribution for some of its schemes under the Income Distribution cum Capital Withdrawal (IDCW) option. Investors should note the record date of January 9, 2025, to determine their eligibility for these payouts. Here are the details of the distributions for each scheme. Payouts Under the Bluechip Fund …
ICICI Prudential Mutual Fund has launched the ICICI Prudential Rural Opportunities Fund, an open-ended equity scheme focusing on rural and allied sectors. The New Fund Offer (NFO) will open on January 9, 2025, and close on January 23, 2025. The fund primarily aims to invest in companies contributing to and benefiting from the growth and …
Franklin Templeton Mutual Fund has announced a revision in the exit load structure of the Franklin India Arbitrage Fund, effective January 6, 2025. This change will apply to all prospective investments in the scheme. Revised Exit Load Provisions The existing exit load structure was 0.25% for redemptions or switches made within 30 days of allotment …
