ASSOCIATION OF MUTUAL FUND IN INDIA
These 5 mid cap mutual funds offer over 35% SIP returns in five years
Around five mid cap funds have offered more than 35% return on SIP investments in the last five years. There were around 23 mid cap funds in the said period.
Kotak Mutual Fund resumes subscription in Kotak Small Cap Fund
The fund will accept fresh subscriptions through lumpsum investment, systematic investment plan (SIP), systematic transfer plan (STP), frequency or such other special products in the units of Kotak Small Cap Fund.
Sebi proposes mutual fund lite norms for passively managed mutual fund schemes
Passively managed MF schemes replicate an underlying index such as ETFs and index funds where portfolios of index funds can be easily tracked. Active fund schemes requires expert fund managers who define investment philosophy and select securities.
Stanley Lifestyles shares surge 9% after Morgan Stanley picks up over Rs 16 crore stake
Stanley Lifestyles aims for business doubling in major metros with a steady 20% annual growth rate, steering clear of small town expansions.
These 6 mid cap mutual funds turn Rs 5 lakh lumpsum investment into Rs 1 crore in 20 years
In the last 20 years, several mid cap mutual funds, including Sundaram Mid Cap Fund and Nippon India Growth Fund, efficiently multiplied a Rs 5 lakh investment to Rs 1 crore. Tata Mid Cap Growth Fund and Franklin India Prima Fund also showcased impressive growth with substantial returns and notable Compound Annual Growth Rates (CAGR).
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Only 12 smallcap funds beat benchmarks in 1st half of 2024
Only 12 small-cap funds managed to beat their respective benchmarks in the first six months of 2024 out of a total of 27 small-cap funds. This indicates that only 44% of small-cap funds outperformed, according to data from ACE MF.
How equity mutual funds fare in the first half of 2024?
ETMutualFunds decided to look at the performance of equity mutual fund categories in the first half of 2024 from the data pulled out from ACE MF.
For our mutual benefit
BlackRock's resurgence can be attributed to more than just market growth: India's growing ESG (Environmental, Social, and Governance) movement plays a crucial role. As a prominent figure in sustainable and transition investing globally, BlackRock's involvement is anticipated to elevate ESG standards in India, promoting increased transparency and accountability in the market. The explanation lies not in a sudden change in BlackRock's strategy but rather in the significant evolution of the Indian mutual fund industry over recent years.
20 stocks which Quant owns but other mutual funds don't
Sebi is scrutinizing Quant Mutual Fund for alleged front-running. The fund had unique stocks, setting it apart from other asset managers. The diverse holdings across various funds reflect a distinctive investment approach, attracting regulatory attention.
10 small cap mutual funds offer over 35% SIP returns in five years
Around 10 small cap funds have offered more than 35% return on SIP investments in the last five years. There were around 19 small cap schemes in the said period, according to data from ACE MF.
9 equity mutual funds offer over 250% absolute return in both five and seven years
Around nine equity mutual funds have offered more than 250% absolute return in both five and seven years. Around 166 equity mutual funds have completed seven years of existence in the market, according to the data by ACE MF.
Equity mutual funds offer up to 31% return in first half of 2024
In 2024, the midcap category's top performers included ITI Mid Cap Fund, Motilal Oswal Midcap Fund, and ICICI Prudential Midcap Fund, delivering strong returns.
How Quant Mutual Fund schemes performed versus peers, benchmarks in the last one year?
Quant Mutual Fund, which finds itself in the thick of a controversy regarding alleged front-running, is one of India's fastest growing asset managers and has seen its assets under management (AUM) grow by 251% over the last one year versus industry growth of 53%.
495% returns! Quant Mutual Fund No. 1 in smallcap category in last 5 years
Quant Mutual Fund has received inquiries from Sebi in the suspected front-running case. The market regulator has seized mobile phones, computers and other digital devices while raiding Quant's Mumbai headquarter and the Hyderabad premises of suspected beneficiaries to find out who was leaking confidential information from the fund house to make profit.
How mutual fund flows are making Dalal Street Aatmanirbhar
FIIs impact Indian capital markets, with mutual funds gaining prominence. SEBI's actions on P-Notes and rise of SIPs stabilize market. Prof Ghalke and Aditya Bharambe contribute to market insights.
Best arbitrage mutual funds to invest in June 2024
There is no change in the list this month as all schemes have retained their place in the list. Watch out for our monthly updates to ensure your schemes are faring well.
Nippon India Mutual Fund changes fundamental attributes of multi-asset fund. What should you do?
Currently, it is an open-ended scheme that invests in equity, debt, exchange-traded commodity derivatives, and Gold ETFs. After the changes, it will expand to include Silver ETFs as well, becoming an open-ended scheme that invests in equity, debt, exchange-traded commodity derivatives, Gold ETFs, and Silver ETFs.
Motilal Oswal Mutual Fund launches Nifty India Defence Index Fund
Introducing Motilal Oswal Nifty India Defence Index Fund, mirroring Nifty India Defence Index. NFO opens from June 13-24. India’s first defense stock index fund, offering growth potential in defence sector.
Franklin Templeton Mutual Fund and Nippon India Mutual Fund file drafts for new funds
Franklin Templeton Mutual Fund and Nippon India Mutual Fund have filed draft documents with Sebi for three debt funds and two index funds.
Contra bet! With 68% AUM jump in April, what’s fueling rally in this equity MF category?
In April, contra/value equity mutual funds witnessed a 68% AUM jump to Rs 1,57,946 crore, attracting investors with a higher risk appetite. These funds invest in out-of-favour or undervalued stocks, offering potential returns amid market volatility.
Mutual fund SIP inflows jumped over 2 times in Narendra Modi's second term as PM
According to the Association of Mutual Funds in India, the number of SIP accounts has more than tripled from 2.73 crore in June 2019 to 8.70 crore in April 2024, while the number of mutual fund folios has surged by 118% from 8.32 crore in May 2019 to 18.14 crore in April 2024.
Modi 2.0: Gold ETFs’ AUM jumps 565% to Rs 32,800 crore in 5 years, folios rise by 1,483%
Gold ETFs in India experienced a staggering 565% increase in assets under management (AUM) between June 2019 and April 2024, coinciding with the Modi government's second term. The surge in AUM, from Rs 4,930.44 crore to Rs 32,789 crore, correlates with a 1,483% rise in folios, indicating growing investor interest. This uptick is driven by factors like perceived safety, attractive returns, and the convenience offered by ETFs.
A $90 billion fund says Indian bonds underpricing index move
India will be included in JPMorgan Chase & Co.’s key emerging market bond index as of next month, and foreigners have sent a net $8.2 billion into the eligible bonds since the announcement in September.
PGIM India Asset Management aims to double AUM to Rs 50,000 core in next 2-3 yrs
The fund house, which has an Asset Under Management (AUM) of Rs 23,240 crore at present, expects to touch Rs 50,000 crore mark AUM in the next 2-3 years, Abhishek Tiwari, Chief Business Officer of PGIM India Asset Management, told PTI here.
India has changed from a nation of savers to a nation of investors: Uday Kotak
Kotak, the banking industry stalwart, hailed India's transition from a nation of savers to investors. Reflecting on the past, he recalled companies resorting to foreign exchanges for capital. He emphasized India's shift towards investment culture, notably through SIPs. Despite a recent decline in equity fund inflows, SIP contributions hit a record high, showcasing India's growing appetite for investment.
Top 5 banking & PSU debt mutual funds with 1-yr returns & who should invest
Top 5 banking & PSU debt mutual funds cater to lower risk appetite investors, outperforming Crisil 10 Yr Gilt Index. Active banking & PSU banks manage Rs 80,730 crore AUM. Notable underperformers include Baroda BNP Paribas, Canara Rob, Mirae Asset funds.
New KYC rules: How to do KYC online, offline for mutual fund investments
Step by step guide to do mutual fund KYC online: If a mutual fund investor's KYC status is 'verified', 'registered' or 'on-hold', then he/she is required to do the re-KYC again. It is essential to have 'KYC Validated' status to ensure that an investor can invest in any scheme of any mutual fund house easily without giving KYC documents again and again.
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