Latest News on Mutual Funds

UTI Mutual Fund launches UTI Nifty200 Momentum 30 Index Fund
Feb 18, 2021 by News Team

The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The product is... Read More

Kotak Mahindra Mutual Fund launches Kotak Nifty Next 50 Index Fund
Feb 17, 2021 by News Team

The investment objective of the scheme is to replicate the composition of the Nifty Next 50 and to generate returns that are commensurate with the performance of the NIFTY Next 50 Index, subject to tracking errors. However, there is no assurance that the objective of the scheme will be realized. The product is suitable for investors who... Read More

Kotak Mahindra Mutual Fund launches Kotak FMP Series 287
Feb 17, 2021 by News Team

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme. There is no assurance that the investment objective of... Read More

ITI Mutual Fund launches ITI Mid Cap Fund
Feb 15, 2021 by News Team

The investment objective of the scheme is to seek to generate long term capital appreciation by predominantly investing in equity and equity related securities of mid cap stocks. However, there can be no assurance that the investment objective of the scheme would be achieved. The product is suitable for investors who are... Read More

IDFC Mutual Fund launches IDFC Floating Rate Fund
Feb 10, 2021 by News Team

The Fund seeks to generate returns by creating a portfolio that is primarily invested in floating rate instruments, including fixed rate instruments swapped for floating returns and other debt and money market instruments. Disclaimer: There is no assurance or guarantee that the objectives of the scheme will be realised. This product... Read More

Mahindra Mutual Fund launches Mahindra Manulife Short Term Fund
Feb 9, 2021 by News Team

The investment objective of the scheme is to generate income and capital appreciation through an actively managed diversified portfolio of Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years. However, there is no assurance or guarantee that the investment objective of the... Read More

Nippon India Mutual Fund launches Nippon India Nifty Midcap 150 Index Fund
Feb 4, 2021 by News Team

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Midcap 150 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. The... Read More

Nippon India Mutual Fund launches Nippon India Nifty 50 Value 20 Index Fund
Feb 4, 2021 by News Team

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty 50 Value 20 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. The... Read More

Axis Mutual Fund launches Axis Greater China Equity Fund of Fund
Feb 1, 2021 by News Team

The primary investment objective of the scheme is to provide long term capital appreciation by predominatingly investing in units of Schroder International Selection Fund Greater China, a fund that aims to provide capital growth by investing in equity and equity related securities of People's Republic of China, Hong Kong SAR and... Read More

Trust Mutual Fund launches TRUSTMF Banking and PSU Debt Fund
Jan 21, 2021 by News Team

To generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there can be no assurance that the investment objective of the scheme will be realised. The product is suitable for... Read More