With growing awareness, demand for passive funds has also risen, prompting fund houses to launch more products
The firm aims to be the partner of choice for global investors seeking exposure to India and for Indian investors looking for global solutions
The Nifty Smallcap 250 Index consists of 250 companies ranked 251st to 500th within the Nifty 500 Index, specifically measuring the performance of small market capitalization companies.
Sebi's new rule is a positive step towards investor protection. It will reduce mis-selling by aligning distributor incentives with investor interests and discourage unnecessary portfolio churn
Distributors will no longer benefit from higher commissions for switching existing investments to NFOs
First ETF in India that capitalises on the mega trend in financialisation of savings into capital markets and insurance
The fund focuses on companies with higher profitability, lower debt, and more stable earning
Regulator proposes that companies failing to meet deployment deadlines without seeking an extension be barred from launching new schemes
The objective of the fund is to offer long-term capital appreciation by investing primarily in equity and equity-linked instruments of technology-focused companies
Fund will invest in debt and money market instruments like non-convertible debentures, bonds, certificates of deposits, commercial papers, treasury bills, G-secs
With a mix of sectoral, thematic, and diversified funds, investors have the opportunity to tailor their portfolios according to their financial goals and market outlook
Index funds add 1 million folios in July, 14% of total additions
Determining whether an IPO or NFO is better for investment depends largely on individual financial goals and risk tolerance
Investor tide swells by 1.2 million, reaching 48.1 million
Asset management companies launched 212 new fund offerings mobilising Rs 63,854 crore in 2023, marginally higher from previous year, on the back of significant uptrends in broader markets. In comparison, Asset Management Companies (AMCs) garnered Rs 62,187 crore through 228 New Fund Offerings (NFOs) in 2022. Further, they collected Rs 99,704 crore in 2021 and Rs 53,703 crore in 2020, according to data compiled by Morningstar India. "The trend towards the financialisation of assets in India is unmistakable. Aligned with changing consumption behaviours and a need for a higher standard of living, investors recognise the importance of long-term investing. The COVID-19 pandemic underscored the necessity for financial planning and the creation of liquid assets to address emergencies and pave the way for wealth-building," FYERS Research said in its report. It further said that "despite indices exhibiting strength, propelled by robust economic activity, steady GST collections, and confidenc
Axis Mutual Fund on Friday said it has collected over Rs 3,400 crore from the New Fund Offering (NFO) of its manufacturing scheme. Axis India Manufacturing Fund, an open-ended equity scheme, was open during December 1-15. The thematic fund received robust participation from investor segments from over 500 locations in the country and garnered close to 1.5 lakh applications, Axis Mutual Fund said in a statement. Further, fresh inflows accounted for nearly 70 per cent of the applications and the digital channel witnessed an overwhelming participation as well, contributing to nearly 20 per cent the total applications. "A significant 10 per cent of the applicants opted for long-term investments through SIPs (Systematic Investment Plans). Almost 30 per cent of the investors who invested in the NFO were new to Axis Mutual Fund, advocating their faith in us," B Gopkumar, MD and CEO, Axis AMC, said.
According to the fund house, over 150,000 investors subscribed to the NFO, putting in an average of Rs 85,000
The new fund offering has been open for subscription since December 5, 2023, and will close on December 15, 2023. The fund managers of the scheme are Anil Ghelani and Diipesh Shah
The investment objective of the scheme is to generate capital appreciation by investing predominantly in small-cap stocks.
The open-ended equity scheme has been benchmarked against the Nifty India Manufacturing TRI and will open on December 1, 2023