Category: Mutual Funds

The recently introduced Bharat 22 ETF follow-on fund offer (FFO) has garnered high levels of interest with anchor subscribers putting in bids worth an additional Rs. 5,163 crores. This is equivalent to 3.44 times of the original subscription value of Rs. 1,500 that had been set aside for anchor investors in the current tranche. This...

हिंदी में पढ़े What are Dividend Yield Funds? Dividend refers to that part of the profit which a company shares with its shareholders. A dividend yield fund is a mutual fund that invests in shares/stocks of only those companies that pay high dividends. As per the guidelines laid down by SEBI, these schemes must invest…

In India, the main reason why we invest is simple- we want to pay less tax. Investing for the future is often not a priority especially if you are young and thus Section 80C of the IT Act is often the be all and end all of your investment alternatives. The key tax saving options […]

The asset base of top 10 mutual fund houses in India has witnessed a 37% growth according to a recent NDTV news report. The report mentions that these AMCs (asset management companies) have also witnessed an average of 21% growth in year on year profits during the same period. The report cites AMFI (Association for […]

Kotak Mutual Fund (Kotak), one of the largest mutual fund houses in India, has submitted documents with SEBI, the Securities Exchange Board of India, regarding plans to launch the Kotak Fixed Maturity Plan (FMP) Series 198-207. This new Kotak FMP series would be a close-ended debt scheme featuring a new fund price of Rs. 10 […]

IDBI Mutual Fund AMC, a leading fund house in India, has launched the IDBI Focus 30 Equity Fund new fund offer (NFO), according to recently published Moneycontrol report. The IDBI Focus 30 Equity Fund is an open ended equity scheme which will invest at least 65% of its corpus in large cap equities. Apart from […]