The fund opened for subscription on November 25, 2024, and closes on December 9, 2024.
Mid Cap Funds recorded a stellar 1-year return of 45.50%, while Multi Cap Funds posted an impressive 40.21% return over the same period.
The fund will focus on capitalising on India's growing healthcare sector
There have been 4 times in the past 30+ years that the Indian equity market had a steep fall
Share of Domestic Institutional Investors (DIIs) as a whole increased to an all-time high of 16.46 per cent (up from 16.25 per cent) with a net inflow of Rs 1,03,625 crore during the quarter.
Scheme will invest in very short term debt and money market instruments up to 91 days, according to asset manager
The index selects the top 10 large-cap, 15 mid-cap, and 25 small-cap stocks from their respective universes
While smaller cities contribute a significant number of new investors, their overall AUM remains lower compared to larger urban centers.
For the month ended August, 2024, monthly returns of Nifty 50 TRI, Nifty Midcap 150 TRI & Nifty Small Cap 250 TRI were 1.74%, 0.90% & 1.17% respectively.
On an MoM basis, the weights of Technology, Healthcare, Retail,Consumer, NBFCs, and Telecom increased
The term "dal chawal funds" was coined by Radhika Gupta, CEO of Edelweiss Mutual Fund, in response to the numerous investment scams that have plagued the Indian stock market.
Out of 29 BAFs analyzed by Value Research, 14 have reduced their net equity allocation since December 2023.
Our weekly newsletter recommends how to begin investing in mutual funds and why South Indian food is not just idli-dosa
Mid and Small Cap funds emerged as the top performers, delivering returns of 51.36% and 47.37% respectively, over the past year
By investing in this fund, investors can potentially benefit from the outperformance of high-alpha stocks within the Nifty 200 index.
In the Nifty Midcap 100 space, mutual funds were net buyers in 59 per cent of the stocks
The withholding tax rate on mutual fund income for resident individuals has been set at 10%
In June, MFs showed interests in Technology, Telecom, Private Banks, Autos, Consumer Durables, Chemicals, and Insurance, leading to a MoM rise in their weights
The launch of 17 new open-ended mutual funds in June 2024 played a pivotal role in driving inflows.
Mutual funds (MFs) showed strong confidence in Indian equities this year, injecting around Rs 1.3 lakh crore, driven mainly by significant retail investor interest and the robust performance of the stock market. Mutual funds, which manage long-term wealth for domestic investors, prioritise the Indian market's underlying growth potential and are less rattled by short-term events like elections, which allows them to keep investing in equities, Tradejini COO Trivesh D said. Additionally, the growing interest in systematic investment plans (SIPs) on the back of astonishing compounding stories by influencers and industry veterans has perked investors, who otherwise wish to stay away from the markets, to start participating through these mutual funds, he added. According to the data from the Securities and Exchange Board of India (Sebi), MFs invested Rs 26,038 crore in the first fortnight of the ongoing month and Rs 20,155 crore in April. Moreover, the highest MF buying for 2024 was ...