GOLD ETF FUND
NFO Tracker: How new mutual funds launched in 2024 are doing
Discover the top performers like Motilal Oswal Nifty Realty ETF and HDFC Manufacturing Fund, showcasing impressive returns in the market. These funds have attracted significant assets and delivered strong performances within a specific period of time in 2024.
ETFs constitute 13% of the total mutual fund industry AUM: Zerodha Fund House
ETFs now constitute close to 13% of the total Mutual Fund Industry AUM indicating the remarkable adoption of ETFs by retail investors in India, according to a study by Zerodha Fund House.
SBI Mutual Fund launches SBI Silver ETF FoF
SBI Mutual Fund launches SBI Silver ETF Fund of Fund, open for subscription from June 27 to July 5. Fund aims to mirror SBI Silver ETF returns.
SBI Mutual Fund launches SBI Silver ETF
SBI Mutual Fund has introduced the SBI Silver ETF, an open-ended exchange-traded scheme designed to track the price movements of silver.
Gold ETFs add over 1.36 lakh new folios in May, fastest in 60 months. AUM per folio 3rd best in 2 years
Gold ETF schemes added 136,772 folios in May, a 12.5% year-on-year increase. Investors are increasingly choosing Gold ETF mutual schemes for reasons like easy availability and low investment ticket size.
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.
Equity mutual funds continue to witness the maximum share from all states
In April 2024, India saw a 37.29% annual surge in average assets under management (AAUM) to Rs 57.01 lakh crore, with equity-oriented schemes dominating. Maharashtra led in AAUM contribution, followed by New Delhi and Karnataka. No state witnessed a sequential decline in AAUM.
Union Mutual Fund files a draft document with Sebi for a multi-asset allocation fund
Union Multi Asset Allocation Fund, an open-ended scheme, aims for long-term capital appreciation through diversified investments in equity, debt, gold, silver, REITs & InvITs. Managed by Hardick Bora, Sanjay Bembalkar, and Anindya Sarkar, it follows a blend of top-down and bottom-up investment approaches.
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.
Silver ETFs beat smallcap, largecap MFs with 26% return in 2024 so far
Silver ETFs outperformed smallcap and largecap mutual funds in 2024, with a 26% return so far. Silver funds, dedicated to investing in silver, delivered an average return of 26.08% in 2024, with top performers including HDFC Silver ETF and UTI Silver ETF FoF.
Big bosses talking up the market is very scary because things can go wrong: PV Subramanyam
PV Subramanyam advises investors to focus on long-term investment strategies, considering market cues cautiously and diversifying portfolios to mitigate risks. He says that we ne need to be careful that the market can go down. The big bosses are talking up the market, which is very scary because things can go wrong and we need to be ready for that.
Gold folio additions surge in April even as smart investors book profits
The assets under management (AUM) of gold ETFs rose by 43% YoY to a record Rs 32,789 crore while the total folio count reached 51 lakh, the data from Association of Mutual Funds in India (AMFI) showed. The total inflow in the past 12 months was Rs 5,248 crore.
Samco Special Opportunities Fund, and two Bajaj Finserv Mutual Fund NFOs open for subscription this week
Bajaj Finserv Multi Asset Allocation Fund and Samco Special Opportunities Fund NFOs open this week, focusing on diverse investments like equity, debt, Gold ETFs, and special situations for potential capital growth.
Gold ETFs see first outflow after March 2023
Despite the decline, the asset under management (AUM) of gold funds rose 5% to ₹32,789 crore at April-end from ₹31,224 crore in the preceding month, according to the data with the Association of Mutual Funds in India (Amfi).
19% annual returns in 10 years on buying gold on Akshaya Tritiya; should you invest in gold this year too?
Gold price has increased by 18% to Rs 71,502 for 10 grams with 999 purity since the last Akshaya Tritiya. Investing during this period has historically yielded attractive returns due to various factors such as price cyclicality, holding period, and discipline in investment. Safe havens like gold may see increased demand amidst global uncertainties and currency depreciation impacting prices. Experts recommend a 15% allocation to gold for a balanced risk profile.
Bajaj Finserv Mutual Fund launches Multi Asset Allocation Fund
The scheme will be benchmarked against 65% Nifty 50 TRI + 25% NIFTY Short Duration Debt Index + 10% Domestic Prices of Gold. Nimesh Chandan and Sorbh Gupta (equity investments), Nimesh Chandan and Siddharth Chaudhary (debt investments) and Vinay Bafna (commodities investments) will manage this fund.
Akshaya Tritiya today: Gold ETF AUM doubles in 3 years to Rs 33,000 crore
Gold ETFs have seen exponential growth, with assets doubling to Rs 33,000 crore in three years. In the last one year, gold ETFs have offered an average return of 15.47%.
Sebi makes nomination optional for joint mutual fund portfolios
"Accordingly, it has been decided that the requirement of nomination ....for mutual funds shall be optional for jointly held mutual fund folios," the Securities and Exchange Board of India (Sebi) said in a circular.
Tata Mutual Fund changes fund manager for eight schemes
The fund house informed its unitholders that the fund manager of its index funds and ETFs will be changed.
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