Markets - 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…

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,…

Kotak restricts flows into small-cap fund

By D@ljit1967 February 27, 2024Markets, Mutual Funds, Stocks, Uncategorized

Kotak Mutual Fund will restrict flows into its small-cap scheme from March 4, joining the likes of Nippon and Tata in limiting investments into this product category as elevated share…

Canara Robeco Mutual Fund launches Canara Robeco Manufacturing Fund

By D@ljit1967 February 27, 2024Markets, Mutual Funds, NFO

Canara Robeco Mutual Fund announced the launch of the Canara Robeco Manufacturing Fund. The scheme opened for public subscription on February 16, 2024, and will close on March 01, 2024.…

Mahindra Manulife Mutual Fund launches Multi Asset Allocation Fund

By D@ljit1967 February 22, 2024Markets, Mutual Funds, NFO

Mahindra Manulife Mutual Fund announced the launch of the Mahindra Manulife Multi Asset Allocation Fund. The scheme opened for public subscription on February 20, 2024, and will close on March…

PPFAS Mutual Fund launches Parag Parikh Dynamic Asset Allocation Fund

By D@ljit1967 February 21, 2024Markets, Mutual Funds, NFO

PPFAS Mutual Fund announced the launch of the Parag Parikh Dynamic Asset Allocation Fund. The scheme opened for public subscription on February 20, 2024, and will close on February 22,…

Edelweiss Mutual Fund launches Edelweiss Technology Fund

By D@ljit1967 February 20, 2024Markets, Mutual Funds, NFO

Edelweiss Mutual Fund announced the launch of the Edelweiss Technology Fund. The scheme opened for public subscription on February 14, 2024, and will close on February 28, 2024.