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Latest News on Mutual Funds

Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Banking ETF
Oct 16, 2019

The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the Nifty Bank Index. However, the performance of scheme may differ from that of the underlying index due to tracking error. The scheme does not guarantee/indicate any... Read More

Mahindra Mutual Fund launches Mahindra Ultra Short Term Yojana
Oct 10, 2019

The investment objective of the scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the macaulay duration of the portfolio is between 3 - 6 months. However, there is no assurance or guarantee that the investment objective of the scheme... Read More

SBI Mutual Fund launches SBI Fixed Maturity Plan Series 20: 1109 Days
Oct 9, 2019

The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. There is no... Read More

Kotak Mahindra Mutual Fund launches Kotak Pioneer Fund
Oct 9, 2019

The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity, equity related instruments and units of global mutual funds which invests into such companies that utilize new forms of production, technology, distribution or processes which are likely to challenge existing markets... Read More

ITI Mutual Fund launches ITI Overnight Fund
Oct 9, 2019

The investment objective of the scheme is to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day. However there can be no assurance or guarantee that the investment objective of the scheme would... Read More

Nippon Life Insurance of Japan completes acquisition of 75 percent stake in Reliance Nippon Life Asset Management
Sep 30, 2019

Mumbai, Sep 27, 2019: Nippon Life Insurance of Japan today announced that it has successfully completed the acquisition of 75% stake in Reliance Nippon Life Asset Management (RNAM) from Reliance Capital Ltd. Nippon Life initially invested to acquire 26% stake in 2012. With this latest transaction, Nippon Life’s total gross... Read More

SBI Mutual Fund launches SBI Fixed Maturity Plan Series 19: 1115 Days
Sep 30, 2019

The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. There is no... Read More

Motilal Oswal Mutual Fund launches Motilal Oswal Large and Midcap Fund (MOFLM)
Sep 27, 2019

The investment objective is to provide medium to long-term capital appreciation by investing primarily in Large and Midcap stocks. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. This product is suitable for investors who are seeking long term capital appreciation... Read More

Axis Mutual Fund launches Axis Nifty 100 Index Fund
Sep 27, 2019

To provide returns before expenses that closely corresponds to the total returns of the NIFTY 100 subject to tracking errors. However, there can be no assurance that the investment objective of the scheme will be achieved. This product is suitable for investors who are seeking long term wealth creation solution. An index fund that... Read More

ICICI Prudential Mutual Fund launches ICICI Prudential Commodities Fund
Sep 25, 2019

To generate long-term capital appreciation by creating a portfolio that is invested predominantly in equity and equity related securities of companies engaged in commodity and commodity related sectors. However there can be no assurance or guarantee that the investment objective of the scheme would be... Read More

Tata Mutual Fund launches Tata Banking & PSU Debt Fund
Sep 19, 2019

The investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there is no... Read More

ICICI Prudential Mutual Fund launches ICICI Prudential Global Advantage Fund
Sep 16, 2019

ICICI Prudential Global Advantage Fund (the scheme) is a Fund of Funds scheme with the primary objective to generate returns by investing in units of one or more mutual fund schemes / ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which predominantly invest in international markets. A... Read More

SBI Mutual Fund launches SBI Capital Protection Oriented Fund: Series A (Plan 6)
Sep 12, 2019

The scheme is a close-ended capital protection oriented scheme. The scheme endeavors to protect the capital by investing in high quality fixed income securities that are maturing on or before the maturity of the scheme as the primary objective and generate capital appreciation by investing in equity and equity related... Read More

Sundaram Equity Fund garners Rs. 358 crore
Sep 11, 2019

September 9, 2019, MUMBAI: Sundaram Mutual’s recent NFO – Sundaram Equity Fund which closed for subscription on August 30, 2019 has raised 358 crore from 30,932 investors. The fund is an open-ended equity scheme in the Multi Cap category and will deploy its corpus across Large, Mid and Small... Read More

SBI Mutual Fund launches SBI Fixed Maturity Plan Series 18: 1108 Days
Sep 11, 2019

The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the... Read More