Axis Mutual Fund Limited has filed a scheme information deed (SID) for a new exchange-traded fund (ETF), Axis Nifty500 Value 50 ETF. It is an open-ended ETF replicating/tracking Nifty500 Value 50 TRI. The investment objective of the scheme is to provide returns before expenses that correspond to Nifty500 Value 50 TRI, subject to tracking errors. …
Bandhan Mutual Fund has announced the launch of its new open-ended equity scheme, the Bandhan Business Cycle Fund, which is set to open for subscription on September 10, 2024, and will close on September 24, 2024. Following this period, the scheme will reopen for continuous sale and repurchase from October 1, 2024. The Bandhan Business …
Nippon India Mutual Fund has announced that it is set to introduce the Nippon India Nifty 500 Momentum 50 Index Fund on September 11, 2024. This new fund will be tracking the performance of the Nifty 500 Momentum 50 Total Return Index, offering investors a way to tap into the growing trend of momentum investing. …
Motilal Oswal Mutual Fund has recently announced a new ETF—the Motilal Oswal Nifty 500 Momentum 50 ETF. This fund will track the Nifty 500 Momentum 50 Index, which picks out the top 50 stocks from the Nifty 500 based on their recent price performance. If you’re into momentum investing, where the idea is to “buy …
Gold has always been a favorite investment choice among Indians, driven by the nation’s love for the yellow metal and its potential to act as a hedge against inflation. In this blog, we’ll explore the top three performing gold mutual funds that offer a modern twist on gold investing. These funds invest in Gold ETFs, …
Overview WhiteOak Capital has submitted paperwork to SEBI for a Special Opportunities Fund, an open-ended equity scheme following a special situations theme. Aims for long-term capital growth by targeting corporate restructurings, policy changes, and other unique events. Investment Objective The Whiteoak Capital Special Opportunities Fund goal is to achieve long-term capital appreciation by investing in …
UTI Nifty 10-year Benchmark G-Sec ETF is an open-ended, Other ETFs scheme launched by UTI Mutual Fund on January 19, 2024. The scheme aims to provide returns that match the total returns of the securities as represented by the underlying Nifty 10-year Benchmark G-Sec Index, subject to tracking error. There is no entry or exit …
A New Fund Offer (NFO) marks the beginning of a new mutual fund scheme. Through an NFO, the fund house invites investors to subscribe to units of the new scheme. It’s the initial phase when the fund is available for investment, usually with a set subscription period. Once this period ends, the NFO closes, and …
As the financial landscape continues to evolve in 2024, investors are always on the lookout for promising opportunities to diversify their portfolios and maximise their returns. New Fund Offers (NFOs) present one more avenue, offering investors a chance to participate in freshly launched mutual funds or investment schemes. January 2024 is set to usher in …
What Is a New Fund Offering? A New Fund Offering (NFO) is the initial offer of a mutual fund or Exchange-Traded Fund (ETF) to investors. It is similar to an Initial Public Offering (IPO), where a company raises money from the public by selling shares. During an NFO, investors can buy units of the fund …
