The fund house will not levy any exit load on redemption of 12 percent of units
The scheme will invest at least 65 percent of its corpus in large, mid and small-cap stocks, while the rest will be invested in bonds and money market securities
Canara Robeco Consumer Trends Fund will be managed by Cheenu Gupta, and Canara Robeco Income Saver Fund will be handled by Miyush Gandhi along with Avnish Jain
The open-ended scheme tracking NIFTY Next 50 Index will invest 95 percent of its assets in equity and equity-related securities of companies constituting the underlying index (NIFTY Next 50 Index)
This scheme aims to capture the prevailing long-term yields by investing in 25 to 30 years Government Securities (G-Sec) for attaining long-term goals for investors.
Unit holders of the scheme who wish to avail the facility may send their written consent on or before June 13
Close-ended mutual funds do not have any track record and aren’t open to investors post their initial offer period
The equity component of the fund will be invested across sectors and market capitalisations, while the fixed income portfolio will have preference for the highest rated (AAA) debt securities
Liquid funds, which are used by corporates to park surplus cash, recorded the highest outflow of Rs 46,724 crore in May
MF industry has 2.16 crore SIP accounts through which investors regularly invest in schemes
The scheme will invest its entire corpus in securities covered by the underlying index
Asset managers do not expect the underlined stocks returning to their highs, even if the Nifty regained its peak
The assets under management (AUM) of the MF industry, comprising 42 players, were at Rs 23.25 lakh crore in April-end, according to the latest update with Association of Mutual Funds in India (AMFI).
The open ended scheme will invest at least 95 percent in securities covered by S&P BSE Diversified Financials Revenue Growth Index and the balance 5 percent in debt and money market instruments
Mirae Asset Healthcare Fund, will remain open for subscription from June 11 to June 25, the fund house stated
The open-ended index exchange traded fund will deploy 95 percent of its assets in securities constituting Nifty Midcap 150 Index.
BOB Capital Markets has been hired as the investment banker to manage the stake sale and the bank has already started the bidding process for selling stake in the AMC.
The scheme that will be following value investment strategy will allocate at least 65 percent of its assets in equity and equity related instruments
The scheme will deploy its entire corpus in debt instruments, including securitised debt and money market instruments.
The scheme will be benchmarked against Nifty Large Midcap 250 Index
According to mutual fund managers, fund houses are augmenting stake in the IT sector amid depreciating rupee and market volatility
The value of a mutual fund scheme of Motilal Oswal Mutual Fund has been eroding after Manpasand Beverages scrip plunged 20 percent for two consecutive days
Systematic transfer plan will be terminated, subject to five consecutive unsuccessful transactions or upon death of the unit-holder
Asset allocation refers to how much of your money is to be parked in different assets: equity, real estate, gold and so on.
BOB Capital Markets has been hired as the investment banker to manage the stake sale