Kotak Mahindra Mutual Fund

HDFC Mutual Fund has launched the HDFC Nifty India Digital Index Fund, an open-ended scheme tracking the Nifty India Digital Index

The scheme will be open for public subscription from October 7, 2024, to October 21, 2024.

This open-ended scheme is designed to replicate or track the performance of the NIFTY Midcap 150 Momentum 50 Index

BSE PSU Index has doubled in the last one year, owing to strong momentum in PSU stocks

The fund would look for such opportunities across market capitalisation

The new fund offering will remain open for subscription till May 31

Standalone net profit at Rs 4,133.3 cr, is up 18.24 per cent year-on-year on the back of healthy loan growth and rise in fee income

The proposed 70 per cent acquisition is subject to regulatory approval from the Reserve Bank of India and the Insurance Regulatory and Development Authority of India

The fund will invest in the sectors/industries like Fast Moving Consumer Goods, Financial Services, Automobiles and Auto Components, Consumer Durables, Telecom, Consumer Services, Health Care

An open-ended scheme that will invest in equity, equity related securities of firm s engaged in consu­mption and consumption related activities

The net folio additions in direct plans in the five-month period (April-August 2023) is 40 per cent higher than the total additions made in the previous six month period

Among the Top 10 funds, the highest MoM rise was seen in Mirae Asset Mutual Fund (+3.5%) followed by Nippon India Mutual Fund (+3.1%), DSP Mutual Fund (+1.8%), HDFC Mutual Fund (+1.6%), and ICICI Prud

Among the top 10 fund houses, Kotak Mahindra MF and Mirae Asset MF logged the highest growth in retail assets at 70 per cent and 66 per cent, respectively

Equity mutual funds attracted Rs 15,685 crore in February, making it the highest net infusion in nine months despite significant volatility in the stock markets. This is higher than Rs 12,546 crore inflow seen in January and Rs 7,303 crore reported in December. February also saw the 24th straight month of inflows into equity-oriented mutual fund schemes, data with the Association of Mutual Funds in India (Amfi) showed on Friday. Backed by healthy inflow into equity funds, the mutual fund industry saw an inflow of Rs 9,575 crore in February. As per the data, the total net flows in equity schemes stood at Rs 15,685 crore. This was the highest level since May 2022, when equity funds attracted Rs 18,529 crore. Investors continue to invest in a disciplined manner, countering the volatility in stock markets arising out of Foreign Portfolio Investor (FPI) outflows, Gopal Kavalireddi, Head of Research at FYERS, said. Moreover, contribution from SIP (Systematic Investment Plan) has been .

Kotak MF and Edelweiss MF place restrictions on investments as they near their international investment limits

Over 2,300 distributors use the FundExpert Fintech platform to manage mutual fund portfolios worth over Rs 15,000 crore

The fund has already made investments worth Rs 653 crore in five deals and has another Rs 405 crore worth deals are in various stages of execution

Kotak Mahindra Mutual Fund MD Nilesh Shah says fund houses will build a consensus and then approach Sebi

At current levels, it is time to be overweight on equities

Credit risk funds invest mainly in corporate bonds that are below the highest rating assigned by credit rating agencies