Bajaj Finserv Mutual Fund has launched an Open-Ended Equity Scheme, Bajaj Finserv Large Cap Fund, aimed at generating long-term capital appreciation and income distribution. The fund primarily invests in large-cap company equities. The New Fund Offer (NFO) opened on July 29, 2024, and closes on August 12, 2024. There is no entry load, but an …
Mirae Asset Investment Managers (India) Pvt. Ltd. announced the withdrawal of the existing temporary suspension on subscriptions for the Mirae Asset Large and Midcap Fund, formerly known as the Mirae Asset Emerging Bluechip Fund. Starting from August 1, 2024, the fund will resume accepting subscriptions across all modes—Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), …
Over the past five years ending in June 2024, an analysis of the top 30 active equity funds by AUM reveals that 12 funds outperformed their respective benchmarks. Notably, the Quant Small Cap Fund, SBI Contra Fund, and Nippon India Small Cap Fund stood out, each generating over 5% alpha. The Quant Small Cap Fund, …
An analysis done shows that UTI Nifty 50 Index Fund is the largest index fund with an AUM close to Rs.18,300 crore. HDFC Index Fund Nifty 50 Plan and ICICI Prudential Nifty 50 Index Fund are the next two largest funds in the category with AUM of Rs 16,500 crore and Rs 9,800 crore, respectively. …
Background The case stems from a Show Cause Notice (SCN) issued on November 6, 2023, by the Securities and Exchange Board of India (SEBI) to HSBC Asset Management (India) Private Limited. This notice was related to the inspection of L&T Mutual Fund, which was managed by L&T Investment Management Limited until it was acquired by …
Kotak Mahindra Mutual Fund has launched an Open-Ended Index Fund, Kotak Nifty Midcap 50 Index Fund, on July 25, 2024. Aiming to replicate the Nifty Midcap 50 Index, the fund seeks to deliver returns matching the index, excluding expenses. The New Fund Offer (NFO) closes on August 8, 2024, with a minimum investment of INR …
Invesco India Manufacturing Fund is a new open-ended equity fund offered by Invesco Mutual Fund. Launched on 25 July 2024 and closing on 8 August 2024, the fund aims to generate capital appreciation by investing in equity and equity-related instruments of manufacturing companies. It falls under the sectoral/thematic category and requires a minimum investment of …
Dividend yield mutual funds aim to provide regular income to investors by investing in companies with a consistent history of paying dividends. In this blog, we will explore the top dividend yield mutual funds with the highest annualized returns over the past five years. Additionally, we will examine the potential returns from a Rs 10,000 …
PSU mutual funds have been the talk of the town in the past year, with some schemes generating eye-popping returns of up to 88%. This stellar performance marks a significant turnaround for the sector. Let’s delve deeper into the factors driving this growth, and explore how these funds have stacked up against benchmarks. Scheme Name …
Quant Mutual Fund experienced a significant shift in investor sentiment following front-running allegations. During the week of June 17th to 21st, the fund saw a substantial net inflow of Rs 1905 crore. However, the subsequent week from June 24th to 28th, there was a reversal due to the news of the front-running case in quant …
