
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.

Mirae Asset Nifty Financial services ETF will have exposure to 20 companies that represents various segments of the financial services sector

The distinction between the two types of funds is one of flexibility and the simplicity with which fund units may be sold and purchased

Even though sectoral funds are considered risky, what works in favour of FMCG sector is that the demand always exists

Flipkart co-founder Sachin Bansal owned Navi Mutual Fund raised Rs 100 crore through NFO from 17,000 investors for its Navi Nifty 50 Index Fund