MFNews

#NFO #ICICIPruMFund #ICICIPruMFundNiftyPrivateBankIndexFund #NiftyPrivateBankIndexFund #IndiaBankingGrowthStory Chandigarh: ICICI Prudential Mutual Fund, one of India’s leading asset management companies, has launched a new open-ended index scheme—ICICI Prudential Nifty Private Bank Index Fund—targeted at investors seeking low-cost, rule-based exposure to the country’s thriving private banking sector. The New Fund Offer (NFO) opened on July 1, 2025, and will remain available for subscription until July 14, 2025. This latest offering seeks to replicate the performance of the Nifty Private Bank Total Return Index (TRI), comprising India’s top 10 private sector banks. The move underscores ICICI Prudential’s commitment to bringing accessible, cost-efficient investment options to…

#MasterTrustMF #MasterTrustMFforMFundBusiness  #MasterTrustSEBI Chandigarh: In a strategic move to deepen its presence in India’s booming financial services sector, Master Trust has formally applied to the Securities and Exchange Board of India (SEBI) for a mutual fund business license. The application was filed through Master Capital Services Limited, the flagship entity of the Master Trust Group, with a proposal to act as the sponsor of a new asset management company (AMC). This marks a significant expansion for the Chandigarh-headquartered financial services firm, which has been serving Indian investors for over four decades. With this development, Master Trust aims to establish itself…