Mutual Fund News
Kotak MF launches Kotak Technology Fund offering an opportunity to participate in the country's technology sector
Kotak Mahindra Asset Management Company Ltd ("KMAMC" / "Kotak Mutual Fund") has announced the launch of the Kotak Technology Fund. It is an Open-Ended Equity Scheme investing in Technology & and technology-related sectors that offer investors an exciting opportunity to participate in the dynamic and rapidly evolving... Read More
Anand Radhakrishnan appointed as Chief Executive Officer at Sundaram Asset Management Company
Sundaram Asset Management announces the appointment of Anand Radhakrishnan as CEO. Anand was earlier a part of the Company for 8 years from 1996 to 2004, and his return is a homecoming. He previously served as Managing Director & CIO (Equity) at Franklin Templeton India Ltd. Managing Director Sunil Subramaniam is... Read More
LIC Mutual Fund announces the New Fund Offer: LIC MF Nifty Midcap 100 ETF (An open-ended scheme replicating/tracking Nifty Midcap 100 Total Return Index)
LIC Mutual Fund Asset Management Limited has announced the launch of a New Fund Offer (NFO) ‘LIC MF Nifty Midcap 100 ETF’. The NFO opened on 08th February 2024 and will close on 12th February 2024. The Scheme will re-open for continuous sale and repurchase on 19th February 2024. Mr. Sumit Bhatnagar, Fund Manager... Read More
Thinking Aloud: The YTM Vs Capital Appreciation Tradeoff revisited
In different market scenarios, different strategies come into play. During a rising interest rate scenario, shorter duration (maturity) instruments, higher yields, and floating rate bonds tend to perform well. Conversely, in a falling interest rate scenario, longer duration (maturity) instruments and fixed rate bonds tend to outperform. The... Read More
Axis Mutual Fund Launches Axis S&P BSE Sensex Index Fund
Axis Mutual Fund, one among the fastest growing fund houses in India, is pleased to announce the launch of its New Fund Offer - Axis S&P BSE Sensex Index Fund (an open-ended index fund tracking the S&P BSE Sensex TRI). The fund will be managed by Mr. Karthik Kumar (Fund Manager) and Mr. Ashish Naik (Fund Manager). The... Read More
Sundaram Mutual's Multi Asset Allocation NFO Garners Rs. 1,890 Crores in AUM!
Sundaram Mutual is happy to announce the success of its newly launched Multi-Asset Allocation Fund. The fund has garnered ₹1,890 crores in AUM, with participation from 83,500+ investors. This milestone marks a significant achievement for the brand, making this its 2nd largest NFO. The NFO opened on Jan 5, 2024 and... Read More
Sundaram Mutual launches Sundaram Multi Asset Allocation Fund NFO
Sundaram Mutual launches a New Fund Offer (NFO) - Sundaram Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt and money market Instruments and Gold ETFs. The investment objective of the scheme is to generate long term capital appreciation by investing in Equity and Equity related Securities, Debt and... Read More
Axis Mutual Fund garners over INR 3,400 Crores in the Axis India Manufacturing Fund, in one of the highest fund-raise for a Thematic Fund
Axis Mutual Fund, one among the fastest growing fund houses in India, is excited to announce that it has garnered over INR 3,400 crores in the Axis India Manufacturing Fund, one of the highest funds raises ever in a thematic fund this year. This NFO, from 1st Dec to 15th Dec 2023, received robust participation from diverse investor... Read More
Mirae Asset changes certain Scheme names
Investors are requested to note that, pursuant to clause 2.6 of SEBI Master Circular dated May 19, 2023 on categorization of schemes, the scheme name shall be the same as the scheme category for easy identification for investors. In order to align the scheme name with the respective scheme category, the Board of Mirae... Read More
Axis Mutual Fund Launches Axis US Treasury Dynamic Bond ETF Fund of Fund
Axis Mutual Fund, one among the fastest growing fund houses in India announces the launch of its latest fund offering, the 'Axis US Treasury Dynamic Bond ETF Fund of Fund'. Benchmarked against the Bloomberg US Intermediate Treasury TRI, the primary investment objective of the scheme is to provide regular income by... Read More
Kotak Mahindra AMC initiates "Wellness Drives Wealth" to raise health awareness among its trade partners
Kotak Mahindra Asset Management Company Ltd. (KMAMC) recently initiated “Wellness Drives Wealth”, a drive to raise health awareness among its trade partners and their family members. Around 2000 people participated in the drive, conducted in more than 50 cities is aimed at promoting healthy living. Under the initiative, the... Read More
India joins the coveted $4 trillion club
The market capitalization as evidenced by the stocks listed on the BSE and the NSE surpassed the $4 trillion mark on 29 November. India is now the fifth country after the United States, China, Japan, and Hong Kong to achieve this milestone. The overall market capitalization on the BSE touched Rs 333.29 lakh crore ($4 trillion in US... Read More
Axis Mutual Fund Launches Axis India Manufacturing Fund
Mumbai, November 29, 2023: In an endeavour to harness the potential of India's growing manufacturing theme, Axis Mutual Fund, one among the fastest growing fund houses in India, has announced the launch of Axis India Manufacturing Fund. The latest offering is an open-ended equity scheme that represents the India... Read More
Aditya Birla Sun Life US Treasury Bond ETFs Fund of Funds NFO
Aditya Birla Sun Life AMC Limited (ABSLAMC), a subsidiary of Aditya Birla Capital Limited and investment manager for Aditya Birla Sun Life Mutual Fund, collected nearly Rs 200 crore for its Aditya Birla Sun Life US Treasury Bond ETFs Fund of Funds NFO from 16th October 2023 to 30th October 2023. Aditya Birla Sun Life US Treasury... Read More
Consumption is Calling: Are you Answering? Kotak Consumption Fund NFO Opens
Mumbai, October 25, 2023: Kotak Mahindra Asset Management Company Ltd (“KMAMC” / “Kotak Mutual Fund”) today announced the launch of Kotak Consumption Fund, an Open-Ended Scheme that will invest in equity, equity related securities of companies engaged in consumption and consumption related activities. The scheme... Read More
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Gamification of Indian Equities
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Axis Mutual Fund unveils results of Investor Survey on 'Risk Comprehension' in India
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