Abakkus Flexi Cap Fund is an open-ended equity scheme to invest in large, mid, and smallcap stocks
Every parent worries about rising expenses-school fees, gadgets, hobbies, higher education. But what if, alongside raising your child, you also raised wealth that could secure their entire future?
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DSP Nifty Private Bank Index Fund: Check the key details of the open-ended scheme that replicates/tracks the Nifty Private Bank Index
Flexi Cap Funds led the pack, with 79.49% of schemes outperforming the benchmark.
Mutual funds can now actively participate in the CDS market, buying and selling these financial instruments.
Inflow in equity mutual funds declined 9 per cent month-on-month to Rs 37,113 crore in July owing to the drop in fund infusion in large-cap, small- and mid-cap categories. Despite the dip, the quantum of net inflows witnessed in July was the second highest flows ever received in a month. Also, this was second only to the flows of Rs 40,608 crore received in June. The latest flow also marks the 41st consecutive month of net inflows in equity funds, data with the Association of Mutual Funds in India (AMFI) showed on Friday Moreover, monthly contributions from Systematic Investment Plan (SIP) rose to an all-time high of Rs 23,332 crore in July as against Rs 21,262 crore in the preceding month. This reflects the growing financial discipline among retail investors, helping them build wealth systematically over time, Venkat Chalasani, Chief Executive, AMFI, said. Overall, the mutual fund industry has witnessed an inflow of Rs 1.9 lakh crore in the month under review as compared to an ..
Plans to differentiate equity offerings by focusing on long-term value of stocks
Overall, the mutual fund industry witnessed an inflow of Rs 1.2 lakh crore in February, almost similar to the one seen in the preceding month
Defensives attract attention in CY23; the BFSI pack contracts
The open-ended equity scheme has been benchmarked against the Nifty India Manufacturing TRI and will open on December 1, 2023
ICICI Prudential secured an inflow of Rs 15,156 crores, emerging with the highest net flows in open-end funds and ETFs for Q2 FY24, followed closely by Kotak at Rs 7,871 crores.
Key additions were Hindustan Unilever, Nestle India, Adani Power, Zomato and Tata Consumer Products. Key reductions were ITC, Bharti Airtel, State Bank of India, Maruti Suzuki and Axis Bank
The number of demat accounts rose to 12.7 crore in August 2023, a surge of 26 per cent on a yearly basis, primarily due to attractive returns from equity markets, and ease of account opening process. Also, the incremental additions of such accounts were higher in August in comparison to the preceding month. Further, this was way higher than the average 21 lakh monthly additions in fiscal year FY23, according to an analysis by Motilal Oswal Financial Services. The new account additions rose 4.1 per cent month-on-month to 31 lakh in August compared to 30 lakh additions in July. Going by the data, a total of 12.7 crore demat accounts were registered with the two depositories -- NSDL and CDSL-- at the end of August 2023 as compared to 10.1 crore a year earlier. The number of demat accounts was 12.3 crore at July-end. Of the 12.7 crore total, 3.3 crore, and 9.35 crore demat accounts were registered with NSDL and CDSL, respectively at the end of August, data from the Securities and ..
Investors typically park their short-term money in arbitrage funds because they are tax-friendly and can deliver better post-tax returns than some debt funds.
Among the equity asset class, the sectoral/thematic funds saw the highest inflows to the tune of Rs 4,805.8 crore during the month.
Eicher Motors, Hindustan Zinc, Havells India, Mankind Pharma, and Varun Beverages were the most sold in the large cap space.
With regards to disclosure requirements for ESG schemes, Sebi said mutual funds will have to clearly disclose the name of the ESG strategy in the name of the concerned ESG fund.
Among large cap stocks, Adani Green, Adani Transmission, Adani Energy, Coal India, JSW Steel, Bajaj Auto, LIC were among the top ten purchases
Tax harvesting is utilising the tax-free window of Rs 1 lakh to reduce overall long term capital gains tax