Mutual Funds News Headlines

The scheme will be benchmarked against S P BSE 500 TRI. The scheme will be managed by Ramesh Mantri, Trupti Agrawal, Dheeresh Pathak, Piyush Baranwal, and Shariq Merchant(overseas investments).

On October 19, 2023, Jio Financial and BlackRock Financial Management Inc. filed papers with markets regulator Sebi for launching a mutual fund business. As of March 2024, the application was under process for Sebi's in-principle approval.

Investors can benefit from high yields on fixed deposits, bonds, and debt mutual funds in FY 2024. Indian G-secs to be included in global bond indices. Capital gains possible on debt funds with potential interest rate cuts.

The minimum application amount for lumpsum, SIP, and additional purchase investments will be Rs 100, and any amount thereafter. The minimum redemption amount for all plans will be Rs 1,000 or 100 units or account balance, whichever is lower.

Gopal Kavalireddi, Vice President - Research at FYERS, said that the growth trajectory of India's economy is attracting increased interest, leading many unlisted small-cap firms to seek support from the capital market. This trend offers promising opportunities for investors eyeing long-term growth prospects.

Millennials prioritize personal financial goals, but should also consider younger siblings' financial security. Investing in mutual funds SIPs can yield significant growth over time, tailored to siblings' future needs. Insurance policies provide a crucial safety net for unforeseen circumstances.

AMFI announced a 35% growth in mutual fund assets in FY24, driven by individual investors in various schemes. Debt funds closed at 12.62 lakh crore, while liquid funds gained 40,000 crore.

Motilal Oswal Mutual Fund has filed draft documents with Sebi for five funds: Nifty MidSmall Financial Services Index Fund, Nifty MidSmall Healthcare Index Fund, Nifty MidSmall IT and Telecom Index Fund, Nifty MidSmall India Consumption Index Fund, and Quant Fund.

The share of assets of these categories increased from 45% in March 2019 to 58% in March 2024. The folio share declined from 84% in March 2019 to 80% in March 2024. The equity-oriented MF categories grew by 55% in fiscal 2024 to Rs 23.5 lakh crore, led by strong inflows and MTM gains.

Vodafone Idea FPO: Investors like GQG Partners, Fidelity, HDFC Mutual Fund, and others show interest in Vodafone Idea's FPO, as per news report. Anchor bidding starts today. The price band for equity shares is set at ₹10 to ₹11, with a minimum bid of 1,298 shares.

Quantum Mutual Fund has stated in its complaint to Sebi that the deslisting of ICICI Securities would result in a loss of ₹6.1 crore to its unit holders and a loss of about ₹1,777 crore to the brokerage's minority shareholders

The market regulator has asked the MF houses to publish the stress test results on their respective websites by the 15th of every month. The main purpose of the stress test was to make mid and smallcap investors aware of the risks associated with and the impact of volatility on the portfolio.