MFs add 70 lakh investor accounts in first 5 months of FY23
With increase in digital access and growing awareness about mutual funds, asset management companies (AMCs) have added close to 70 lakh investor accounts in the first five months of the…
Kotak Mutual Fund rolls out business cycle fund
Kotak MF has launched Kotak Business Cycle Fund. The scheme will invest in sectors and stocks which show signs of growth in the business cycle. The minimum investment for NFO…
Nippon Life AMC & DWS to Launch Bond ETF
Nippon Life India Asset Management (Singapore) Pte. Ltd. (wholly owned subsidiary of Nippon Life India Asset Management Limited) on Monday said that through collaborating with DWS, it is providing portfolio…
ICICI PRU to Launch NFO
ICICI Prudential Mutual Fund is scheduled to launch a PSU equity fund on Tuesday, an open-ended equity scheme that will predominantly invest in equity and equity related instruments of public…
WhiteOak Capital Mutual Fund launches its first scheme
White Oak Capital MF is a recent entrant to the Indian Mutual Fund industry. The AMC recently acquired Yes AMC also. Aashish Somaiyaa is the CEO of WhiteOak Capital Mutual…
Insider trading rules may apply to mutual fund trades
Market regulator Securities and Exchange Board of India (Sebi) has proposed to bring in buying and selling of mutual fund units under insider trading rules. Currently, these are specifically excluded…
Equity MFs get Rs 15,500 crore inflows in June
Retail investors continued to show confidence in equity mutual funds last month despite the sharp fall in both Indian and overseas markets, with equity schemes witnessing net inflows of ₹15,498…
ASK launches Rs 1,500 crore category III AIF
ASK Investments Managers, one of India’s largest asset and wealth management companies, announced the launch of ASK Golden Decade Fund, a closed-ended, long-only, Category III AIF that aims to take…
Navi MF files for Internet of Things ETF Fund of Fund
Navi Mutual Fund has filed a draft scheme information document with the Securities and Exchange of India (Sebi) for the Internet of Things ETF Fund of Fund (FoF). It is…
BSE’s StAR MF platform sees record 29.9 lakh single-day transactions
BSE's mutual fund distribution platform StAR MF processed a record 29.9 lakh transactions in a single day on Monday. The platform has surpassed its previous best single-day record of 26.65…