The scheme has been renamed as per the new guidelines set by the Securities and Exchange Board of India on October 6.
Unit holders availing MF Utility can either transact electronically or physically through authorised points of service approved by MF Utility India Pvt Ltd
The unit holders will be able to pay their instalments on 5th and 20th of every month, in addition to the existing dates
Quant Capital assets under advisory was Rs 520 crore as on March 2017.
The revision comes after index compiler CRISIL launched three hybrid indices and changed its methodology for all existing hybrid indices.
A close-ended multi cap fund portfolio will consist of 45-55 high conviction ideas picked across sectors and market capitalizations
The fund house is likely to announce the acquisition next week
HDFC Prudence Fund, HDFC Equity Fund and HDFC Mid-cap Opportunities held significant shares of public sector bank, Punjab National Bank
The scheme will be categorised as an open-ended equity scheme following economic reforms and infrastructure development theme
investors can donate 5 percent or 10 percent of their holdings under the folio tagged for the facility to non-governmental organisations through automatic redemption of their units
The total-return variant captures the value of dividends paid out by companies, and the price-return variant captures capital gains of companies in the index
The total return variant captures the value of dividends paid out by companies, while the price return variant captures capital gains of firms in an index.
All 40 schemes in the small cap category delivered negative returns in one month period ending February 9.
The changes come in the wake of SEBI guidelines on October 6.
However, he said mutual fund is the right route for retail investors to participate in the capital markets.
The name change is s per the new guidelines laid by the Securities and Exchange Board of India on Oct 6.
The scheme will be categorised as an open-ended hybrid scheme investing predominantly in equity and equity-related instruments
The fund house has revised the benchmark of all its schemes to the total return variant of the respective index.
A new investor needs to first invest in a SBI Mutual Fund scheme and then opt for this facility.
Industry experts attributed the surge in assets under management (AUM) to 'aggressive' investor awareness campaign both at the individual player level as well as at industry level.
The open-ended equity scheme will invest at least 65 percent of its assets in equity and equity-related instruments diversified over various sectors.
Mutual funds that are holding around 8-10 percent cash level in their equity portfolio are likely to purchase shares of companies in capital goods, automobile, construction and financial services
Considering the fall is driven by global factors, investors should stay long in Indian markets
This facility is offered on open-ended funds with growth option
Sekhon will work from the asset management company's office in Singapore