Mahindra Manulife Mutual Fund introduces ‘Power SIP Facility’
Mumbai: Mahindra Manulife Investment Management Private Limited announced the launch of a new facility called ‘Power SIP’, under the scheme(s) of Mahindra Manulife Mutual Fund. This facility combines the features and benefits of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP), enabling the investors to t reap the maximum benefits of power of compounding (SIP) in the form of a steady flow of income (SWP).
Canara Robeco Mutual Fund sees substantial AUM growth in the last 5 years: AMFI
Kolkata: Canara Robeco Mutual Fund, the second oldest fund house in India, has seen its assets under management zooming by 400% in the last five years, reaching Rs 62,544 crore as on 31st March, 2023 from Rs 12,532 crore on 31st March, 2018 as per the data published by AMFI.
Kotak MF launches Kotak Nifty 200 Momentum 30 Index Fund; NFO closes on June 8, 2023
Kolkata: Kotak Mahindra Asset Management Company Ltd (Kotak Mahindra Mutual Fund) has launched Kotak Nifty 200 Momentum 30 Index Fund, an open-ended scheme replicating/tracking the Nifty 200 Momentum 30 Index.
Mutual Fund Industry March 2023 Net AUM at Rs 39,42,031 cr: AMFI
Mumbai: Mutual Fund Industry Net AUM stood at Rs 39,42,031 crores, while AAUM was Rs 40,04,638 crores in March 2023, showed AMFI Mutual Fund Industry data.
CCI approves LIC MF arm's acquisition of IDBI MF
New Delhi/IBNS: The Competition Commission of India (CCI) has approved the proposed acquisition of the management rights over the schemes of IDBI MF from IDBI Asset Management Limited by the LIC Mutual Fund Asset Management Ltd.
Bajaj Finserv gets permission to launch mutual fund business
Mumbai: Non-banking financial services company Bajaj Finserv Wednesday said it has obtained the licence to launch its mutual fund business, Reuters reported.
Finance Ministry allows PSUs to invest in debt schemes of all mutual funds
New Delhi: The Finance Ministry through a memorandum on Tuesday allowed Public Sector Undertakings (PSUs) to invest in debt schemes of all mutual funds.
SIP contribution in September 2022 jumps to highest ever Rs 12,693 lakh crore: AMFI
SIP contribution in the month of September 2022 increased from Rs 12,693.45 lakh crore to the highest ever Rs 12,976.34 lakh crore with the number of SIP accounts standing at 5,83,77,684, according to data released by the Association of Mutual Funds of India (AMFI).
Mumbai: HDFC Asset Management Company Ltd, a leading mutual fund house that manages assets worth Rs 4.34 trillion as on 30 Aug 2022, has announced the launch of NIFTY100 Quality 30 ETF, NIFTY50 Value 20 ETF, and NIFTY Growth Sectors 15 ETF, in order to expand their suite of ‘HDFC MF Index Solutions’.
Edelweiss Asset Management launches ‘Gold and Silver ETF Fund of Fund’
Kolkata: Edelweiss Asset Management Limited launched a new scheme -- ‘Edelweiss Gold and Silver ETF Fund of Fund’. The fund will be open for subscription between August 24th to September 7, 2022.
Jupiter introduces No-Penalty SIP for Mutual Fund Investments
Mumbai: Jupiter, a neo banking and financial services platform, has announced its much-anticipated entry into the world of investments.
Aditya Birla Sun Life Mutual Fund launches a Unique ETF
New Delhi: Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited, an investment manager to Aditya Birla Sun Life Mutual Fund, has announced the launch of a unique ETF tracking the Nifty Financial Services TRI to help investors capture the growth opportunity across the spectrum of financial services.
IDFC Mutual Fund pioneers SIP registration through UPI autopay
Mumbai: In an industry-first initiative, IDFC Mutual Fund enabled UPI AutoPay, an NPCI initiative, allowing mutual fund investors to use their existing UPI applications (i.e. Google Pay, PhonePe, Paytm, BHIM, Amazon Pay, etc.) to create a mandate for autopay facility for their Systematic Investment Plans (SIPs) investments, encouraging savers to invest regularly through a convenient platform.
Unitholders' consent mandatory before winding up Mutual Fund scheme: SEBI
Mumbai/IBNS: Mutual fund (MF) trustees have to take the consent of unitholders’ while winding up any MF scheme, the market regulator Securities Exchange Board of India has decided in a board meeting.
HDFC Mutual Fund announces New Fund Offer
New Delhi: HDFC Asset Management Company, one of India’s leading mutual fund houses with ₹ 4.35 trillion in assets under management has announced launch of New Fund Offer – HDFC NIFTY Next 50 Index Fund, for investors looking for returns that are commensurate with the performance of NIFTY Next 50 Index, subject to tracking error.