Bandhan Mutual Fund has launched the Bandhan Nifty Next 50 Index Fund, an open-ended equity scheme that aims to track the performance of the Nifty Next 50 Index. This fund provides investors exposure to 50 high-growth potential stocks that are next in line after the NIFTY 50. The NFO is open for subscription from February …
ICICI Prudential Mutual Fund has declared a dividend of ₹2.5 per unit under the regular and direct dividend options of the ICICI Prudential Commodities Fund. The record date for this distribution is February 13, 2025. Investors holding units as of this date will be eligible for the payout. Fund Overview The ICICI Prudential Commodities Fund …
The state-wise distribution of mutual fund assets under management (AUM) reveals intriguing insights about investor participation across different regions. As of December 2024, New Delhi, Goa, and Maharashtra have emerged as the top 3 states with the highest average AUM per folio, surpassing the ₹1 lakh mark. The calculation of average AUM per folio is …
Bajaj Allianz Life Insurance has introduced the Bajaj Allianz Life Nifty 500 Multicap Momentum Quality 50 Index Fund, an index-based fund available under its Unit Linked Insurance Plans (ULIPs). The New Fund Offer (NFO) is open until February 14, 2025. Benchmark and Stock Selection Criteria The fund tracks the Nifty 500 Multicap Momentum Quality 50 …
Investing consistently over time is a key principle in wealth creation. While a larger monthly investment seems like the obvious choice for accumulating wealth, the duration of investment plays a significant role in determining the final corpus. The question is: which strategy builds more wealth—a ₹5,000 monthly SIP for 30 years or a ₹15,000 monthly …
Key Highlights Comprehensive market coverage: As of January 20, 2025, the Nifty Total Market Index captures approximately 93% of India’s total market capitalisation*, ensuring broad diversification across market segments. (*As per NSE Indices Ltd.) India’s first ETF: Be a part of history with India’s first ETF tracking the Nifty Total Market Index. No entry/exit loads: Invest and …
Kotak Mahindra Mutual Fund has introduced the Kotak Nifty 100 Equal Weight ETF, an open-ended exchange-traded fund (ETF) to track the Nifty 100 Equal Weight Index. Unlike traditional market-cap-weighted indices, this index will help ensure equal allocation across 100 stocks, reducing reliance on a few large companies. The fund follows a passive investment approach, adjusting …
Bandhan Mutual Fund has launched the Bandhan Fixed Maturity Plan (FMP) – Series 209, a close-ended debt scheme with a 93-day tenure. The New Fund Offer (NFO) opens on February 3, 2025, and closes on February 10, 2025. Once the NFO period ends, fresh investments won’t be allowed, but the scheme is proposed to be …
SBI Mutual Fund has launched the SBI Nifty IT Index Fund, an open-ended scheme that aims to track the Nifty IT Index. The fund will primarily invest in stocks that are part of the index, giving investors exposure to major Indian IT companies. Subscription Period and Investment Details The New Fund Offer (NFO) will be …
ITI Mutual Fund has announced the launch of the ITI Bharat Consumption Fund, an open-ended equity scheme that invests in companies benefiting from India’s growing consumption demand. The fund’s New Fund Offer (NFO) will be open from February 6, 2025 to February 20, 2025. Fund Objective The primary objective of the ITI Bharat Consumption Fund …
