Page 5 - Latest Updates on Mutual Fund
Groww launches momentum investing plan tracking Nifty 500 Momentum 50
Scheme will allocate its assets primarily to constituents of the Nifty 500 Momentum 50 Index
 "Groww launches momentum investing plan tracking Nifty 500 Momentum 50")
HDFC mutual fund starts tap-based WhatsApp service for SIP, lump sum
Customer should message +91-82706 82706 to avail of the facility. Tap2Invest supports multiple payment options, including UPI Autopay, net banking
 "HDFC mutual fund starts tap-based WhatsApp service for SIP, lump sum")
Debt MFs see Rs 6,525 cr outflow in Feb amid short-term fund redemptions
Notably, 10 of 16 debt mutual fund categories reported net outflow during the month, data with Association of Mutual Funds in India (Amfi) showed
 "Debt MFs see Rs 6,525 cr outflow in Feb amid short-term fund redemptions")
SBI Mutual Fund launches two new fuds tracking BSE PSU Bank Index
SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF aim to provide returns corresponding to that of securities in underlying index
 "SBI Mutual Fund launches two new fuds tracking BSE PSU Bank Index")
Mutual funds brave rough currents, haul in 800K investors monthly
The industry now aims to double its investor base to 100 million over the next five years
 "Mutual funds brave rough currents, haul in 800K investors monthly")
Franklin Templeton Mutual Fund launches a low duration debt fund
WhiteOak Capital MF on Tuesday launched its Equity Savings Fund (ESF), a hybrid scheme investing in equity, arbitrage, and debt
 "Franklin Templeton Mutual Fund launches a low duration debt fund")
Rising equity market volatility fails to boost interest in hybrid funds
Inflows, folio additions decline for three straight months
 "Rising equity market volatility fails to boost interest in hybrid funds")
Amfi launches SIP for students, two more initiatives to expand MF base
These initiatives include the "sachetisation" of MFs, Tarun Yojana, and MITRA - Mutual Fund Investment Tracing and Retrieval Assistant
 "Amfi launches SIP for students, two more initiatives to expand MF base")
Hold or continue: What you should do with your SIP as markets correct
Mutual fund managers recommend that investors stay on the pitch and continue their innings
 "Hold or continue: What you should do with your SIP as markets correct")
Angel One MF launches two schemes tracking Nifty Total Market Index
Angel One Nifty Total Market ETF and Angel One Nifty Total Market Index Fund are open till February 21
 "Angel One MF launches two schemes tracking Nifty Total Market Index")
MF industry leverage fund-of-fund route to create debt alternative
Fund houses adding arbitrage to existing debt FoFs to get the tax advantage
 "MF industry leverage fund-of-fund route to create debt alternative")
HDFC MF offers new scheme tracking Nifty100 Quality 30 Total Returns Index
Fund house says scheme meant for investors seeking 'financially stable and resilient companies with robust balance sheets'
Quality stocks fairly valued, avoid low-growth bubbles: PGIM India MF CIO
Earnings growth may face downward revisions, leading to market volatility and drawdowns. However, the medium- to long-term outlook for the equity markets remains healthy
 "Quality stocks fairly valued, avoid low-growth bubbles: PGIM India MF CIO")
Jio Financial Services, BlackRock joint venture sets up broking unit
The JV's wholly owned subsidiary will be called Jio BlackRock Broking, which will undertake "the business of broking subject to regulatory approvals"
 "Jio Financial Services, BlackRock joint venture sets up broking unit")
Groww MF launches first-ever ETF tracking Indian railways PSU Index
This ETF replicates the Nifty India Railways PSU Index-TRI, featuring PSUs vital to the railways sector, covering infrastructure, financial services, logistics, and technology
Record SIP closures in Dec amid market volatility; inflows stay strong
Investors open 5.4 million accounts, close 4.5 million last month
 "Record SIP closures in Dec amid market volatility; inflows stay strong")
Sector-thematic NFOs: Beware lack of track record, concentration risk
With growing awareness, demand for passive funds has also risen, prompting fund houses to launch more products
 "Sector-thematic NFOs: Beware lack of track record, concentration risk")
Budget 2025: Why MF industry's top wish is tax relief for debt funds
The industry seeks a 12.5 tax rate on long-term capital gains (LTCG) for redeeming debt mutual fund units held over a year, aligning it with the rate applicable to listed bonds
 "Budget 2025: Why MF industry's top wish is tax relief for debt funds")
Passive funds have to sell Rs 1.5K crore ITC Hotels shares after listing
Passive MF schemes, especially those tracking the Nifty 50 and Sensex, will need to offload their holdings in ITC Hotels as the stock will be excluded from these indices
 "Passive funds have to sell Rs 1.5K crore ITC Hotels shares after listing")
Equities may deliver 8-12% in 2025: Aditya Birla Sun Life Mutual Fund
Fund house expects similar returns from gold, debt
 "Equities may deliver 8-12% in 2025: Aditya Birla Sun Life Mutual Fund")