Key Highlights of Mutual Fund Acquisitions in September In September, mutual funds expanded their portfolios by adding eleven new stocks, with Bajaj Housing Finance Ltd emerging as the top pick. Mutual funds acquired 11.29 crore shares of the company, investing a substantial Rs 1,740 crore. Other significant investments included PN Gadgil Jewellers and SpiceJet Ltd, …
Introduction Bank of India Mutual Fund has introduced its latest offering—the Bank of India Consumption Fund. This open-ended equity scheme focuses on capturing growth opportunities in India’s booming consumption-driven sectors. The fund has already been filed with SEBI, aligning with its thematic approach to offer long-term capital appreciation by investing in companies engaged in consumption …
Introduction ITI Mutual Fund has filed with SEBI to launch its latest scheme, the ITI Bharat Consumption Growth Fund, an open-ended equity scheme designed to tap into India’s booming consumption market. Here’s a detailed overview of this promising mutual fund. Scheme Details Scheme Name: ITI Bharat Consumption Growth Fund Category: Thematic Fund (Equity) Type: Open-ended …
Introduction Invesco India has filed with SEBI to introduce the Invesco India Innovation Fund, an open-ended equity scheme. The fund seeks to capitalize on emerging innovation-driven opportunities by investing in companies that are focused on technological advancements, innovative products, or business strategies. Fund Overview Scheme Name: Invesco India Innovation Fund Category: Thematic Fund (Innovation) Fund …
Bank of India Mutual Fund has filed a draft scheme information deed (SID) with the market regulator Securities and Exchange Board of India to launch the Bank of India Consumption Fund. It is an open-ended equity scheme following a consumption theme. Investment Objective The Investment objective of the Bank of India Consumption Fund is to …
Introduction Kotak Mahindra Asset Management Company has filed papers with SEBI for the launch of Kotak Nifty Midcap 150 ETF, a new fund that aims to replicate the Nifty Midcap 150 Index. This exchange-traded fund (ETF) seeks to generate returns by tracking the performance of mid-market capitalization companies. Below, we cover the fund’s key details, …
LIC Mutual Fund has introduced a lower minimum daily Systematic Investment Plan (SIP) amount, making mutual fund investments more accessible. Investors can now start a daily SIP with just Rs.100 and in multiples of Re.1 thereafter, effective from October 16, 2024. This reduction applies to select schemes managed by LIC MF and aims to attract …
Introduction: A New Equal Weight Index On October 15, 2024, NSE Indices Limited, a subsidiary of the National Stock Exchange of India (NSE), launched a new index named the Nifty Top 15 Equal Weight Index. This index aims to provide a unique alternative to traditional market-cap-weighted indices by giving equal weight to the top 15 …
Tata BSE Select Business Groups Index Fund Overview Tata Mutual Fund has filed the Tata BSE Select Business Groups Index Fund with SEBI, an open-ended index fund replicating or tracking the BSE Select Business Groups Index (TRI). The fund’s objective is to provide long-term capital appreciation by investing in a portfolio of companies that form …
Mirae Asset Investment Managers (India) is set to launch the Mirae Asset Gold ETF Fund of Fund, an open-ended scheme aimed at providing long-term capital appreciation by investing in units of the Mirae Asset Gold ETF. This fund of fund scheme offers an option for investors looking to gain exposure to gold without the hassles …
