Latest News on Mutual Funds

Mirae Asset Mutual Fund launches Mirae Asset Nifty Financial Services ETF
Jul 22, 2021 by News Team

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Financial Services Total Return Index, subject to tracking error. The scheme does not guarantee or assure any returns. This product is suitable for investors who are seeking returns that... Read More

SBI Mutual Fund launches SBI Fixed Maturity Plan Series 47: 1434 Days
Jul 20, 2021 by News Team

The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. There is no... Read More

Trust Mutual Fund launches TRUSTMF Short Term Fund
Jul 20, 2021 by News Team

The scheme will endeavour to generate stable returns for investors with a short term investment horizon by investing in debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved. The product is suitable for investors who are seeking income over short term by... Read More

ICICI Prudential Mutual Fund launches ICICI Prudential FMCG ETF
Jul 20, 2021 by News Team

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved. The product is suitable for investors who are... Read More

Tata Mutual Fund launches Tata Business Cycle Fund
Jul 16, 2021 by News Team

To generate long-term capital appreciation by investing with focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any... Read More

Axis Mutual Fund launches Axis Floater Fund
Jul 12, 2021 by News Team

To generate regular income through investment in a portfolio comprising predominantly of floating rate instruments and fixed rate instruments swapped for floating rate returns. The scheme may also invest a portion of its net assets in fixed rate debt and money market instruments. However, there can be no assurance or guarantee that the... Read More

Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Fixed Term Plan Series TJ: 1838 Days
Jul 12, 2021 by News Team

The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved. The product is suitable for investors who are seeking income... Read More

PGIM India Mutual Fund launches PGIM India Small Cap Fund
Jul 9, 2021 by News Team

To achieve long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies. However, there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee/ indicate any returns. The product is suitable for investors who are... Read More

Kotak Mahindra Mutual Fund launches Kotak Global Innovation Fund of Fund
Jul 8, 2021 by News Team

The primary investment objective of the scheme is to provide long-term capital appreciation by investing in units of Wellington Global Innovation Fund or any other similar overseas mutual fund schemes/ETFs. The scheme may, at the discretion of the Investment Manager, also invest in the units/ shares of any other similar overseas... Read More

Navi Mutual Fund launches Navi Nifty 50 Index Fund
Jul 3, 2021 by News Team

The investment objective of the scheme is to achieve return equivalent to Nifty 50 Index by investing in stocks of companies comprising Nifty 50 Index, subject to tracking error. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any... Read More