Mutual Fund News
Groww Asset Management Ltd Expands Presence with New Office in Ghatkopar, Mumbai
Groww Asset Management Ltd (Groww AMC) is pleased to announce the opening of its new office in Ghatkopar, Mumbai. This new office, which began operations on 21st August, 2024, marks a significant milestone in the company's strategic expansion across India. The inauguration was attended by key distribution partners from... Read More
Axis Commercial Real Estate Fund announces First Investment at Fintech City, Chennai
Axis Asset Management Company Limited (Axis AMC) and Tishman Speyer announced today that Axis Commercial Real Estate Fund (the Fund) has successfully acquired one of the two plots for auction at a prime location in Fintech City, Nadambakkam, Chennai. The acquisition was made through a bid cum e-auction process... Read More
A WIDELY EXPECTED STATUS QUO: RBI MONETARY POLICY: AUGUST 2024
Concurrent to our view, in its third policy of FY25, the Reserve Bank of India (RBI) retained a pause on interest rates for the ninth consecutive time. With headline inflation above the 4% target, the central bank governor persisted with its withdrawal of accommodation stance. However, two members voted for an interest rate cut... Read More
Axis MF: Fixed income outlook Aug'24
The month of July was positive for bond markets. Weak Economic data in US economy, positive demand supply for bonds in India, China surprise rate cut, weak Oil and commodities prices and inally Fiscal consolidation in budget led to yields trending lower. Banking liquidity as highlighted last month turned surplus and overnight... Read More
Axis MF: Equity outlook Aug'24
In its first budget, the new coalition government continued on the path of fiscal consolidation, highlighting continuity and consistency in policy making. Large windfall gains from RBI’s dividend payout and surge in tax revenues provided the government sufficient room to bring down the fiscal deficit from 5.1% to 4.9%. The capital gains... Read More
Groww Mutual Fund introduces ETF and FOF Schemes based on the Nifty EV & New Age Automotive Index
Groww Mutual Fund is pleased to announce the NFO launch of Groww Nifty EV & New Age Automotive ETF and the Groww Nifty EV & New Age Automotive ETF FOF. The NFO period of Groww Nifty EV & New Age Automotive ETF will be open till August 2, 2024, and the NFO period for Groww Nifty EV & New Age Automotive ETF FOF will... Read More
Unaltered path: Continuity in budget policies
In the first budget under the new coalition government, the finance minister continued on the path of fiscal consolidation, highlighting the continuity and consistency in direction of policy making. Large windfall gains from RBI’s dividend payout and surge in tax revenues provided the government sufficient room to bring down... Read More
Mutual Fund Trends: June 2024
We have relied on third party data or information which, we believe to be correct but, we do not offer any assurance as to the accuracy or the correctness of the same and would not accept any liability for any loss or damage arising directly or indirectly from action taken, or not taken, in reliance on material or information contained herein... Read More
Let's talk about supply too
Equities are the talk of the town, from the bustling streets of Mumbai to the quieter corners of smaller towns. It appears the desire to be a part of India’s economic expansion through equities is widespread. Building on the substantial gains of 2023, frontline indices have been touching new lifetime highs, with the BSE Sensex crossing the... Read More
Budget And Liquidity View
Since the time election results are out, there has been a lot of noise that the Government may look at additional spending and possible increase in Fiscal deficit. Potential income tax cuts, addition to farmer income scheme and increased food subsidies are some of the options being discussed in the capital markets which the... Read More
More financial power to women: A study by Axis Mutual Fund reveals a remarkable increase in women investor base with ~72% taking investment decisions independently
one of the fastest growing fund houses in India, analysed data from over 1 crore existing Axis MF customers and conducted a nationwide survey, to unveil an interesting study titled “Women Investment Behaviour Report 2024”. The findings of the study indicate that nearly 72% of women investors now make independent investment... Read More
Axis Mutual Fund Launches Axis Nifty 500 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 Nifty 500 Index Fund. This open-ended index fund aims to replicate the performance of the Nifty 500 Total Return Index (TRI), offering investors broad exposure to India's top 500 companies listed on the... Read More
RBI Monetary Policy: Rates unchanged, growth forecasts upgraded
Concurrent to our view, in its second policy of FY25, the Reserve Bank of India (RBI) retained a pause on interest rates for the eighth consecutive time. With headline inflation above the 4% target, the central bank governor persisted with its withdrawal of accommodation stance. However, two members voted for an interest rate cut, while... Read More
Thinking ALOUD: A third term indicates political stability: Axis Asset Management
The election results are out and the Bhartiya Janata Party (BJP) led National Democratic Alliance (NDA) secured a third consecutive term. The BJP won 240 of the 543 seats in the Lower House (272 seats needed for a majority). However, despite the good strength of the BJP, the numbers fell short of a clear majority and more importantly... Read More
Groww Mutual Fund launches feature to help distributors complete their customer's KYC and Re-KYC process
Mutual Fund distributors can now help their customers verify or reverify their KYC, with the Groww Mutual Fund online platform, seeking to create a seamless investment experience for their customers. The last few months of 2024 have brought concerns for multiple mutual fund investors, who have witnessed issues related to their... Read More
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Announcing our NFO: Sundaram Business Cycle Fund
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Axis Mutual Fund Launches Axis Nifty Bank Index Fund
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Leveraging the PSU rally to sustain capex growth
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