Groww has taken a significant step in expanding its investment offerings by filing a draft paper with SEBI for the Groww Nifty India Defence ETF. This scheme is designed to achieve long-term capital growth by investing in securities that constitute the Nifty India Defence Index, aiming to mirror the total return of the index before …
Motilal Oswal Mutual Fund has launched a new open-ended equity scheme named Motilal Oswal Manufacturing Fund. The investment objective of this thematic fund is to achieve long-term capital appreciation by investing in equity and equity-related instruments of companies engaged in manufacturing activities. The new fund offering opened on July 19, 2024, and will close on …
Dividend mutual funds have become increasingly popular among investors seeking a balance between income and capital appreciation. These funds offer a unique opportunity to benefit from both regular dividend payments and the potential for long-term capital growth. What is a Dividend Mutual Fund? Dividend mutual funds are a type of equity fund that primarily invests …
Navi Nifty 500 Multicap 50:25:25 Index Fund is an open-ended index fund launched by Navi Mutual Fund on July 18, 2024. The investment objective of this scheme is to track the performance of the Nifty 500 Multicap 50:25:25 Index, which means the fund will invest in the same proportion of stocks that are included in …
Canara Robeco Balanced Advantage Fund is a new open-ended balanced advantage fund launched by Canara Robeco Mutual Fund. The scheme generates long-term capital appreciation with income generation by dynamically investing in equity, equity-related, debt, and money market instruments. The new fund offer will be open for subscription from July 12, 2024, to July 26, 2024. …
Kotak Mahindra Mutual Fund has launched a new open-ended fund named Kotak BSE PSU Index Fund. The objective of this scheme is to provide returns that mirror the total returns of the underlying index, BSE PSU TRI, before accounting for expenses. There is no guarantee that the scheme will achieve its objective. The minimum investment …
DSP Mutual Fund has filed a draft with SEBI for its latest offering: the DSP Nifty Top 10 Equal Weight Index Fund. This open-ended scheme aims to replicate or track the Nifty Top 10 Equal Weight Index, providing investors with a unique opportunity for long-term capital growth. Key Features of the Scheme Investment Objective This …
In June 2024, the mutual fund industry exhibited notable changes in inflows and outflows across various schemes. The AMFI released mutual fund data for June 2024 revealing significant movements, particularly in debt-oriented and equity-oriented schemes. Assets under management (AUM) of the mutual fund industry rose to hit Rs 60.89 lakh crore in June, data showed. …
Edelweiss Business Cycle Fund is an open-ended equity thematic mutual fund launched by Edelweiss Mutual Fund. The fund aims for long-term capital appreciation by investing in equity and equity-related securities. The fund managers will strategically allocate and rotate investments across sectors based on their position in the business cycle to potentially minimize volatility. The New …
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund is an Open-Ended mutual fund scheme launched by Mirae Asset Mutual Fund on July 8th, 2024. The scheme aims to provide long-term capital appreciation by investing in units of Mirae Asset Nifty200 Alpha 30 ETF. The New Fund Offer closes on July 22nd, 2024 and requires …
