D@ljit1967 - Devout Invest

Aditya Birla Sun Life Mutual Fund launches Nifty India Defence Index Fund

By D@ljit1967 August 25, 2024Index, Markets, Mutual Funds, NFO

Aditya Birla Sun Life Mutual Fund has launched ABSL Nifty India Defence Index Fund, an open-ended index mutual fund replicating the Nifty India Defence Total Return Index. •⁠ ⁠The scheme…

Large and Mid-Cap Funds Gain Popularity Amid Market Volatility

By D@ljit1967 August 25, 2024Markets, Mutual Funds, Uncategorized

•⁠ ⁠Large and mid-cap funds in India have witnessed significant growth in the past five years, with Assets Under Management (AUM) surging over five-fold. •⁠ ⁠These funds offer portfolio diversification…

HDFC MF launches Manufacturing Fund

By D@ljit1967 April 26, 2024Economy, Mutual Funds, NFO

HDFC Mutual Fund has announced the launch of HDFC Manufacturing Fund, an open-ended equity scheme aiming to unlock the potential of India’s manufacturing sector by investing predominantly in equity and…

Hinduja Group forays into the MF business

By D@ljit1967 April 16, 2024Mutual Funds, Uncategorized

Hinduja Group’s IndusInd International Holdings (IIHL) has entered the MF space by acquiring 60% stake in Invesco India Mutual Fund. Invesco will retain a 40% stake in the joint venture…

Do you need to redo your mutual fund KYC?

By D@ljit1967 April 15, 2024Mutual Funds, Uncategorized

The April 1 deadline for mutual fund (MF) investors to redo their KYC (know your customer) compliance if they did not meet certain conditions has passed. But the confusion around…

Sebi stress test: Top mutual funds reveal how long can it take to liquidate portfolios

By D@ljit1967 March 17, 2024Mutual Funds, Stocks, Uncategorized

Mutual fund (MF) houses have started releasing a Sebi stress test report, mentioning the number of days they will require to liquidate 50% and 25% of their mid-and-small-cap schemes portfolio.…

India’s top AMC SBI Mutual Fund’s AUM less than 1% of US-based Blackrock

By D@ljit1967 March 9, 2024Economy, GDP, Markets, Mutual Funds

India's top asset management companies (AMCs) such as SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Nippon India MF, and others rank much below than the top US AMCs…

Equity MF inflows increase by 23% in Feb to Rs 26,866 cr.

By D@ljit1967 March 8, 2024Index, Markets, Mutual Funds, Uncategorized

The inflows in the equity category surged by approximately 23%, according to the AMFI data released on Friday. The inflows in February stood at Rs 26,866 crore against Rs 21,780.56…

MFDs are now entitled to get trail commission if investors transfer assets

By D@ljit1967 March 6, 2024Markets, Mutual Funds

AMFI has issued best practices guidelines in which it has allowed AMCs to pay trail commission to MFDs if a client transfers his assets from one MFD to another. However,…

SBI Energy Opportunities NFO collects over Rs. 6700 crores

By D@ljit1967 February 28, 2024Mutual Funds, NFO

SBI Mutual Fund has collected over Rs. 6,700 crore during the NFO of SBI Energy Opportunities Fund. The fund house has received application from over 5 lakh investors. The fund…