The New Fund Offer (NFO) will begin on November 8, 2021, and end on November 22, 2021
Equity AUM (including ELSS and index funds) of domestic MFs rose by 3.7% MoM to Rs 13.3 lakh crore in September 21, led by a rise in market indices.
Mutual funds news: The month of August saw notable changes in the sector and stock allocation of funds.
The Mirae Asset S&P 500 Top 50 scheme will track the index of the top 50 mega-companies in the US.
The new fund focuses on long-term wealth creation by investing in a NIFTY India Consumption Index stocks portfolio
As per the value research data, the mid-cap funds have given a return of 56%, 15.56%, and 14.64% over one, three, and five year period
Mutual fund news: Mutual funds were net buyers in 68% or 34 Nifty stocks and reduced holding in 32% (16 stocks) in July
UTI Focused Equity Fund will identify stocks from the bottom-up approach and will invest in both growth and value stocks
Nippon India Mutual Fund (NIMF) recently launched Nippon India Flexi Cap Fund- an open-ended dynamic equity scheme investing across market caps
The flexicap category is the second-largest equity mutual fund category after largecap funds.
