ICICI Prudential Mutual Fund is introducing the ICICI Prudential Equity Minimum Variance Fund, an open-ended equity fund designed to provide a stable investment experience by focusing on low-volatile, large-cap stocks. The New Fund Offer (NFO) period is scheduled from November 18, 2024, to December 2, 2024. The fund primarily targets companies within the Nifty 50 …
In October 2024, mutual funds invested ₹87,200 crore in the Indian secondary market, while foreign institutional investors (FIIs) sold ₹1,04,200 crore. The mutual funds’ notable stock picks include Hyundai Motor, Waaree Energies, Godavari Bio, and Motilal Oswal Financial Services. Here’s a look at the top new stock picks by major mutual funds. HDFC …
Mahindra Manulife Mutual Fund has submitted a draft for its new Mahindra Manulife Value Fund, an open-ended equity scheme focused on value investing. This fund seeks to deliver long-term capital appreciation by building a diversified portfolio of undervalued equities. Highlights of the Scheme Investment Strategy: The fund aims to capitalize on value opportunities, investing in …
TATA Mutual Fund, a part of the renowned TATA Group, is to introduce its new offering, the Tata BSE Select Business Groups Index Fund. This open-ended growth scheme is designed to track the performance of the BSE Select Business Groups Index (Total Return Index), with a focus on delivering returns that align with the index, …
The suggested ICICI Prudential CRISIL-IBX AAA Financial Services Index—Dec 2026 Fund is a target maturity index fund that aims to follow the performance of the CRISIL-IBX AAA Financial Services Index. Its objective is to provide consistent returns by investing in AAA-rated bonds from financial institutions. This fund is set to mature in December 2026, making …
This fund aims to replicate the CRISIL-IBX AAA Financial Services Index, which serves as a benchmark for tracking AAA-rated bonds in the financial services sector. With a fixed maturity date set for January 2028, it allows investors to have a clear timeline for their investment. The ICICI Prudential CRISIL-IBX AAA Financial Services Index—January 2028 Fund …
Invesco Mutual Fund has announced the launch of the Invesco India Multi Asset Allocation Fund, an open-ended scheme designed to diversify investments across equity, debt, and gold or silver ETFs. Targeted at investors aiming for long-term capital appreciation or income, this fund offers a balanced portfolio with exposure to multiple asset classes. The New Fund …
Tata Asset Management has unveiled the Tata BSE Select Business Group Index Fund, an open-ended mutual fund that tracks the BSE Select Business Groups Index. This fund offers investors a strategic opportunity to invest in companies from seven of India’s largest conglomerates, spanning 19 diverse industries and aligning with the nation’s economic growth. About the …
Union Mutual Fund has filed the scheme information deed (SID) to launch the Union Short Duration Fund. It is an open-ended short-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 Year to 3 Years. Investment Objective Union Short Duration Fund is an actively managed Scheme with an …
The Motilal Oswal Business Cycle Fund, a thematic mutual fund, has been making headlines for its stellar performance. Launched on August 27, 2024, this fund has outperformed its benchmark and category average by significant margins, making it a standout performer in the mutual fund industry. Net Asset Value (NAV): Rs 12.01 (as of November 26, …
