Contra funds are equity mutual funds that follow a contrarian investment approach. This strategy involves investing in stocks that are currently out of favor or underperforming in the market but possess strong fundamentals and potential for long-term growth. The essence of this approach is to buy undervalued stocks at low prices and hold them until …
Net flows into mutual funds took a notable hit in August, registering a decline of 42.8% primarily due to reduced inflows into debt-oriented schemes. The total net inflows for the month stood at Rs 1.08 lakh crore, a steep drop from Rs 1.89 lakh crore recorded in July. However, equity mutual funds showed resilience, with …
Quantum Mutual Fund has submitted a draft document to the Securities and Exchange Board of India (SEBI) for its upcoming Quantum Ethical Fund, an open-ended equity scheme designed to follow a comprehensive ethical theme. This fund aims to provide long-term capital appreciation by investing primarily in equity and equity-related instruments of companies adhering to specific …
Over the past year, a little over 40% of large-cap mutual funds have managed to outpace their benchmarks. Out of 42 large-cap funds, 18 schemes succeeded in beating their respective benchmarks. For comparison, the NSE benchmark Nifty50 has gained 24.94% in the past year. Large-cap mutual funds generally benchmark their schemes against indices like Nifty …
Axis Mutual Fund Limited has filed a scheme information deed (SID) for a new exchange-traded fund (ETF), Axis Nifty500 Value 50 ETF. It is an open-ended ETF replicating/tracking Nifty500 Value 50 TRI. The investment objective of the scheme is to provide returns before expenses that correspond to Nifty500 Value 50 TRI, subject to tracking errors. …
Bandhan Mutual Fund has announced the launch of its new open-ended equity scheme, the Bandhan Business Cycle Fund, which is set to open for subscription on September 10, 2024, and will close on September 24, 2024. Following this period, the scheme will reopen for continuous sale and repurchase from October 1, 2024. The Bandhan Business …
Nippon India Mutual Fund has announced that it is set to introduce the Nippon India Nifty 500 Momentum 50 Index Fund on September 11, 2024. This new fund will be tracking the performance of the Nifty 500 Momentum 50 Total Return Index, offering investors a way to tap into the growing trend of momentum investing. …
Motilal Oswal Mutual Fund has recently announced a new ETF—the Motilal Oswal Nifty 500 Momentum 50 ETF. This fund will track the Nifty 500 Momentum 50 Index, which picks out the top 50 stocks from the Nifty 500 based on their recent price performance. If you’re into momentum investing, where the idea is to “buy …
Gold has always been a favorite investment choice among Indians, driven by the nation’s love for the yellow metal and its potential to act as a hedge against inflation. In this blog, we’ll explore the top three performing gold mutual funds that offer a modern twist on gold investing. These funds invest in Gold ETFs, …
Bajaj Allianz Life Insurance has introduced the Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund, which will be available alongside its Unit Linked Insurance Plans (ULIPs). This new fund is to provide an opportunity for investors seeking to capitalise on high-alpha stocks while benefiting from a diversified, index-based investment approach combined with life insurance …
