Introduction PGIM India Mutual Fund has launched a New Fund Offer (NFO) for its Multicap Fund, a unique investment opportunity that offers diversified exposure across large, mid, and small-cap stocks. The NFO opens on August 22, 2024, and closes on September 5, 2024. This blog will explore the features, benefits, and suitability of this fund …
Introduction to the NFO The ITI Large & Mid Cap Fund has officially opened its New Fund Offer (NFO) on August 21, 2024, and will remain open until September 4, 2024. This fund is designed to offer a balanced blend of stability and growth by investing in a combination of large-cap and mid-cap stocks. With …
The Bandhan BSE Healthcare Index Fund is a new fund offer (NFO) that provides investors with an opportunity to tap into India’s rapidly expanding healthcare industry. With a focus on companies listed under the BSE Healthcare Index, this fund aims to deliver returns by replicating the performance of the underlying index. Here’s a closer look …
Nippon India Mutual Fund, a leading asset management company (AMC), has launched the nation’s first scheme based on the Nifty 500 Equal Weight Index. The new fund offer (NFO) for Nippon India Nifty 500 Equal Weight Index Fund is likely to open on August 21 and close on September 4. Nippon India Nifty 500 Equal …
IndusInd Bank has secured approval from the Reserve Bank of India (RBI) to establish a mutual fund business. The bank will set up a wholly-owned subsidiary to undertake asset management activities. Key Highlights IndusInd Bank receives RBI approval for mutual fund business Establishment of a wholly-owned subsidiary Strategic partnership with Invesco Ltd. Diversification of product …
Introduction: The India Growth Story India’s GDP growth is among the fastest in the world, and the potential for future growth is immense. With a rising per capita income and a young, dynamic population, the country’s consumption patterns are set to expand significantly over the coming decades. This long-term trend presents a unique investment opportunity …
Union Mutual Fund has launched a new open-ended hybrid scheme, the Union Multi Asset Allocation Fund NFO, which opened for subscription on August 20, 2024, and is set to close on September 3, 2024. This NFO offers investors a diversified portfolio that aims to deliver long-term capital appreciation by investing across multiple asset classes, including …
As the Indian stock market continues to evolve, investors are constantly seeking new strategies that can balance risk and reward while ensuring diversified exposure to various market segments. One such innovative strategy is the equal-weight index, which has gained significant traction for its unique approach to stock market investing. Nippon India Asset Management has recently …
The mutual fund industry in India has grown remarkably over the years. The industry’s AUM first reached the milestone of ₹10 trillion (₹10 Lakh Crore) in May 2014. Within a relatively short three-year period, the AUM size has more than doubled, reaching ₹20 trillion (₹20 Lakh Crore) for the first time in August 2017. For …
On August 09, 2024, Bank of India Mutual Fund launched its new product, the Bank of India Business Cycle Fund. The New Fund Offer (NFO) opened on August 09, 2024, and will close on August 23, 2024. The Bank of India Business Cycle Fund scheme is an open-ended equity scheme investing in a sector based …
