Mutual Funds - Devout Invest

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.

Nifty 50 crossed the coveted 22,000 mark for the first time

By D@ljit1967 February 20, 2024Economy, Index, Mutual Funds, Stocks

Stock market today: Domestic market benchmark Nifty 50 crossed the coveted 22,000 mark for the first time, hitting its fresh record high of 22,215.60, in intraday trade on Tuesday, February…

Inflows into equity mutual funds hit ₹21,781 crore in January 2024

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

According to data released by the Association of Mutual Funds of India (AMFI), inflows into open-ended equity funds surged by 28% to reach ₹21,780.56 crore in January. This marks the 35th…

Equity MFs see a 42% jump in inflows to ₹19,957 crore

By D@ljit1967 November 15, 2023Markets, Mutual Funds, Stocks

The inflow into equity mutual funds jumped 42 per cent last month to ₹19,957 crore against ₹14,091 crore as investors used the fall in market valuation to pump in more…

HDFC Defence Fund-NFO

By D@ljit1967 May 18, 2023Mutual Funds, NFO

HDFC Mutual Fund has announced the launch of the HDFC Defence Fund which plans to invest in defence & allied sector companies. Subscriptions in this new fund offer will open…

Equity MF Inflows at 5-month Low in April

By D@ljit1967 May 18, 2023Mutual Funds

Net inflows into equity mutual funds, including open-ended and closed-end schemes, fell 74% sequentially to ₹5,275.48 crore in April, marking the lowest levels since November 2022, according to data from…

Women Investors In Mutual Funds Rise 14%

By D@ljit1967 April 16, 2023Mutual Funds, Uncategorized

The mutual fund industry in India is growing actively, thanks to more participation from women investors. According to the Association of Mutual Funds in India, women's participation in the mutual…

MF inflows rose to ₹40.05 lac crore in FY23 against ₹37.70 lac crore

By D@ljit1967 April 14, 2023Mutual Funds

Mutual funds inflow in recently ended financial year 2022-23 grew near 7 per cent to ₹40.05 lakh crore against ₹37.70 lakh crore in the previous fiscal. As per the latest…

Zerodha to form JV with Smallcase for MF business

By D@ljit1967 April 14, 2023Mutual Funds

Nithin Kamath-led India's largest stock broking firm Zerodha today announced that it would form a joint venture with fintech platform smallcase to start a new asset management business (AMC). "While…