Mutual Funds Archives - Page 48 of 55

09 Apr

11 new Passive Funds tracking Nifty Indices launched in Japan and Korea in FY 2024-25

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#NiftyIndicesJapanKorea Mumbai: In FY 2024-25, a total of eleven new passive funds (Exchange Traded Funds and Index Funds) tracking Nifty Indices were launched in Japan and Korea. Of these, 9 funds track the Nifty 50 Index, while one tracks the Nifty India Corporate Group Index – Tata Group 25% and another tracks the Nifty Midcap 50 Index. Sl. No. Issuer Name Country Index Name 1 Amundi Asset Management Japan Nifty 50 2 Asset Management One Japan Nifty 50 3 Asset Management One Japan Nifty Midcap 50 4 au Asset Management Corporation Japan Nifty 50 5 Daiwa Asset Management Co. Ltd.…

09 Apr

Poonawalla Fincorp Launches Shopkeeper Loan Business

MFNewsBusiness, Mutual Funds, Shares, Technology

Enabling small retailers and kirana stores with accessible funding to meet evolving business needs Chandigarh: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC, focused on Consumer & MSME Lending, has today announced the launch of its Shopkeeper Loan Business. The solution addresses key financial challenges faced by small retailers and kirana stores, including cash flow, inventory, and customer management, while enhancing their operational efficiencies. Building on its vision to become the preferred financier for the self-employed segment, PFL aims to enhance the competitiveness of small retail businesses through its customized financial solutions. Commenting on the launch, Mr. Arvind…

08 Apr

HDFC Mutual Fund’s New ad-film under its flagship campaign ‘Zindagi Ke Liye SIP’

MFNewsBrands, Business, Entertainment, Mutual Funds, Opinions, Technology

#HDFCMFZindagiKeLiyeSIP Mumbai: HDFC Asset Management, investment manager to HDFC Mutual Fund (HDFC MF), today announced the launch of new communication under its flagship campaign, ‘Zindagi Ke Liye SIP'. As part of the investor education and awareness initiatives undertaken by the fund house, the campaign aims to address the concerns of hesitant investors by making them realise that they are already playing the role of investors in their life and highlights the importance of consistent, small investments through SIPs (Systematic Investment Plans). The campaign draws a parallel between how each one of us is an investor by virtue of our daily…

07 Apr

SEBI allowed registered investment advisers to advertise their performance

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#SEBIRIAPerformance Mumbai: In A big move SEBI has allowed registered investment advisers (RIAs) to advertise their past performance. However, they will have to validate their past performance through the SEBI recognised Past Risk and Return Verification Agency (PaRRVA), a credit rating like agency for RIAs. So far, RIAs were prohibited from making a reference to their past performance in their advertisements. In its circular, SEBI said, “In order to enable IAs and RAs to avail the services of PaRRVA and make claims in their advertisements using risk-return metrics verified by PaRRVA, it has been decided to amend the above-mentioned clauses…

07 Apr

Kotak Nifty Top 10 Equal Weight Index Fund Open For Subscription

MFNewsBrands, Breaking News, Business, Mutual Funds

Investors can invest in this new fund offer till 21st April 2025 Mumbai: Kotak Mahindra Asset Management Company today i.e. on 7th April launched Kotak Nifty Top 10 Equal Weight Index Fund. It is an open-ended index fund designed to track the Nifty Top 10 Equal Weight Index. This NFO of Kotak has opened for subscription from today i.e. 7th April 2025. Investors can invest in this new fund offer till 21st April 2025. In this NFO of Kotak, investors can start investing with a minimum of ₹ 100, and after that can make additional investments in any amount. Investment…

05 Apr

NFO: ICICI Prudential MF launches EV and New Age Automotive fund FOF Close by 10 April

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#NFOICICIPrudentialMFEVFOF Mumbai: ICICI Prudential Nifty EV & New Age Automotive ETF subscription closing by 10 April, 2025. The open-ended Exchange-Traded Fund will be tracking the Nifty EV & New Age Automotive Index. The fund house is also introducing the ICICI Prudential Nifty EV & New Age Automotive ETF Fund of Funds (FOF), so that investors who don't have a Demat account too can participate in this scheme. "This launch provides investors with an opportunity to gain exposure to India’s rapidly expanding EV and new-age automotive sector, which includes electric two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, battery manufacturers, components, raw materials suppliers,…

04 Apr

Kotak MF launches Energy Opportunities Fund Open for Public Subscription

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NFO will be open for public subscription from April 3, 2025, to April 17, 2025 #KotakMFEnergyOpportunitiesNFO Chandigarh: Kotak Mutual Fund has launched the Kotak Energy Opportunities Fund, an open-ended equity scheme focused on the energy sector. The new fund offer (NFO) will be open for public subscription from April 3, 2025, to April 17, 2025. India's energy sector is projected to expand significantly over the next decade. Rising demand from industries such as electric vehicles, data centers, and urbanisation is driving this growth. India is also contributing to global energy research, including its role in France’s ITER nuclear fusion project.…

04 Apr

Groww MFund launches Nifty 500 Momentum 50 ETF, NFO is open from April 3 to April 17

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#GrowwMFundNFO Chandigarh: Groww Mutual Fund has launched the Groww Nifty 500 Momentum 50 ETF, an open-ended exchange-traded fund (ETF) designed to track the Nifty 500 Momentum 50 Index. The New Fund Offer (NFO) is open for subscription from April 3 to April 17, 2025. The Nifty 500 Momentum 50 Index selects 50 stocks from the Nifty 500 based on their momentum score. This score is calculated using 6-month and 12-month price returns, adjusted for volatility. The index is rebalanced semi-annually to reflect changing market conditions and capture stocks with the strongest price momentum. Momentum investing follows the principle of buying stocks…

03 Apr

India Post Partners with Nippon India Mutual Fund to Enhance KYC Verification Services

MFNewsBreaking News, Business, Mutual Funds, Technology

#IndiaPostNipponIndiaMFKYC New Delhi: In a significant move to facilitate the Mutual Fund industry's customer onboarding process, Department of Posts (DoP) has signed a Memorandum of Understanding (MoU) with Nippon India Mutual Fund to provide door-to-door KYC verification services for their investors. This partnership aims to streamline the KYC process, ensuring convenience, security, and compliance for investors across India. The MoU (Memorandum of Understanding) was signed between Ms. Manisha Bansal Badal, General Manager, Business Development Directorate, Department of Post, and Mr. Sundeep Sikka Executive Director & Chief Executive Officer Nippon Life India Asset Management Ltd. India Post’s unparalleled reach, with a…

03 Apr

Profit Booking: Mutual funds sold equities worth over Rs 16,000 crore in last six sessions

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#ProfitBookingMFoffloaded equities Mumbai: Between March 20 and 28, mutual funds offloaded equities worth over Rs16,000 crore, which analysts attribute to profit booking following recent gains. Mutual funds have been net sellers in Indian equities over the past six sessions, as they capitalized on the recent market rally to book profits, experts said. Between March 20 and 28, mutual funds offloaded equities worth over Rs 16,000 crore, which analysts attribute to profit booking following recent gains. In contrast, they were net buyers earlier in the month, purchasing over Rs22,900 crore worth of equities between March 1 and 19. In March, benchmark…