Mirae Asset Mutual Fund launched the Mirae Asset Midcap Fund, an open-ended equity scheme that will invest predominantly in midcap stocks. As per SEBI’s categorisation norms, an equity-oriented scheme is characterized as a midcap fund only if it invests a minimum of 65% of its total corpus in equity & equity related instruments of midcap stocks (i.e.…
After a gap of six years, PPFAS Mutual Fund has launched another equity scheme, Parag Parikh Tax Saver Fund (PPTSF) after its only equity scheme Parag Parikh Long Term Equity Fund. PPFAS Mutual Fund, a small fund house, since its inception in 2013 had only two schemes in its product basket. One equity scheme (Parag…
Baroda Pioneer Mutual Fund launches Baroda Equity Savings Fund (BESF), an open-ended scheme from a sub-category of the hybrid fund. Equity Savings Fund as categorised by the market regulator, SEBI, is a Hybrid Fund. Meaning, it invests in equity and equity related instruments (including derivatives), debt & money market instruments, and would explore arbitrage opportunities.…
Mahindra Mutual Fund has launched Mahindra Hybrid Equity Nivesh Yojana (MHENY), an open-ended aggressive hybrid scheme investing in equity and equity related instruments and in debt and money market instruments. Aggressive Hybrid Funds were erstwhile balanced funds, that were supposed to have a 50:50 allocation to equity and debt. But the proportion of equity varied…
Kotak Mutual Fund launches Kotak Focused Equity Fund (KFEF), an open-ended diversified equity scheme which will follow a focused approach of investing in equity and equity related instruments. As per SEBI regulations, a focused fund is not allowed to hold more than 30 stocks and invests a minimum of 65% of its assets in equity…
Indiabulls has launched yet another open-ended debt scheme, Indiabulls Overnight Fund. An Overnight fund is a category of debt scheme emerged after the SEBI’s recategorization norms. It has the shortest investment duration of one day and provides better returns than bank FDs and are more liquid. The interest rate risk involved therein is least or…
Aditya Birla Sun Life Mutual Fund has launched an open-ended sectoral fund, Aditya Birla Sun Life Pharma and Healthcare Fund (ABSLPHF). The fund house has launched this scheme aligned to seek gains from government reforms introduced to push the growth of pharma and healthcare service sector. The fund house is of the view, that Indian…
Quantum India ESG Equity Fund is an open-ended equity scheme investing in companies following Environment, Social and Governance (ESG) theme. What is an ESG fund? ESG fund is an open-ended thematic fund that will invest in companies that are sustainable, using an approach that incorporates Environment, Social, and Governance (ESG) factors and their impact throughout…
Equity markets rallied up after Modi-led-NDA government’s victory happened. On the day of election results, Nifty 50 witnessed high volatility as the index swung in the range of 3.7%. It crossed the psychological mark of 12,000 (and on the S&P BSE Sensex 40,000) but couldn’t sustain those levels. And in the debt markets, the ripple effect of…
Lately, there has been a rise in launch of debt funds holding debt instruments having a duration of less than a year. This is because recent episodes of default in payments have led to downgrading of companies and made investors lose interest of investing in debt funds, as most of the debt funds were having…
