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Mumbai: The SEBI board has approved the introduction of a new investment product under the existing Mutual Fund framework that aims to curtail the proliferation of unregistered and unauthorised investment schemes/entities, which often promise unrealistic high returns and exploit investors’ expectations for better yields, leading to potential financial risks. According to the markets regulator, the…
Mumbai: The mutual fund industry in the country saw assets under management (AUM) surging to Rs 66.7 lakh crore in 2024 and is set to cross the 50-million unique investor base this year. The stupendous growth is expected due to sustained buoyancy in the equity market and a surge in new fund offerings (NFOs). According…
Mumbai: LIC Mutual Fund on Friday launched ‘LIC MF Manufacturing Fund’, an open-ended equity scheme “following a manufacturing theme”. This fund’s objective is to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments of companies following manufacturing themes. There is no assurance that the investment objective of the Scheme will be achieved….
New Delhi: SBI Mutual Fund has announced the launch of SBI Nifty 500 Index Fund, open-ended scheme replicating/ tracking Nifty 500 Index, as a part of its passive offering. The New Fund Offer (NFO) period for the scheme is September 17 – 24, 2024. “The investment objective of the scheme is to provide returns that…
New Delhi: The shares of IndusInd bank surged more than 2.67 per cent after the bank received approval from the Reserve Bank of India (RBI) to establish a wholly-owned subsidiary for undertaking the asset management business of Mutual Funds, the bank informed the exchange in a filing. The approval was communicated to the bank via…
Curated By: Business Desk Last Updated: August 16, 2024, 17:35 IST This fund, last year, turned an investment of Rs 10,000 into Rs 14,819. Unlike simple interest, calculated only on the principal amount, compound interest is calculated on both the principal and the accumulated interest from previous periods. To achieve better returns on your investments,…
New Delhi: SBI Mutual Fund Has announced the launch of the SBI Innovative Opportunities Fund, an open-ended equity scheme following the innovation theme. The SBI Innovative Opportunities Fund Offer opens on Monday, July 29, 2024, and closes on Monday, August 12, 2024 “The investment objective of the scheme is to provide investors wit opportunities for…