Scheme will follow passive strategy to leverage the top 30 momentum stocks from the Nifty 200 Total Return Index
Index funds add 1 million folios in July, 14% of total additions
Investors seeking greater diversification in their portfolios may consider equal-weight indices
Funds tracks Nifty500 Multicap 50:25:25 Total Returns Index, offering exposure across large, mid, and smallcap stocks
Data from the Association of Mutual Funds in India (Amfi) pegs the index fund retail accounts or folios at 7.2 million in March 2024
The index funds category assets were at a record high of Rs 2.43 lakh crore as of June 2024, and has seen a surge of nearly 900% in assets in the past three years.
The fund aims to provide capital appreciation by investing in equities that are part of the Nifty Alpha 50 Index
The fund will invest in India's largest 500 companies listed on the NSE
Nifty100 Low Volatility 30 Index Fund targets large-cap low-volatility stocks within the NIFTY 100 Low Volatility 30 Index
India's inclusion in global bond indices was discussed for nearly a decade before the inclusion in the widely tracked JP Morgan index was finally announced last September
Equity schemes saw the highest growth in open-ended schemes year-on-year, with an increase of 52 schemes. A significant portion of this growth (nearly 34 schemes) came from thematic funds
SebI has increased the group/sponsor level exposure limit for passive funds from 25% to 35%.
The Nifty Non-Cyclical Consumer Index Fund is a type of mutual fund that aims to generate long-term capital growth by investing in securities of the Nifty Non-Cyclical Consumer Index
Their costs and expense ratios are typically lower compared to actively managed funds
Axis Mutual Fund on Tuesday announced the launch of a new fund from which it targets to collect at least Rs 100 crore during the primary subscription period. The Axis Sensex index fund is an open-ended scheme tracking the S&P BSE Sensex, and opens on February 8 and closes on 22nd. Considering the wide spectrum of sectors and the largest companies the index covers, it offers investors a diversified portfolio and an opportunity to participate in the growth story of various sectors with a single index, said B Gopkumar, MD & CEO. On the rationale behind the fund, he said passive investing is becoming more and more acceptance today and the new fund recognises the need to provide an investment option that aligns with the evolving preferences of today's investors. Ashish Gupta, Chief Investment Officer told PTI that the fund house is targetting to raise at least Rs 100 crore during the subscription period.
The largest fund house SBI Mutual Fund on Monday launched a new equal-weight index fund that will track the Nifty 50 index, and expects to garner at least Rs 500 crore during the primary subscription period. For investors, the open-ended fund comes with a relatively lower cost as it is a passive fund which will remain open from January 16 to 29, the fund house said. "We are targeting to collect at least Rs 500 crore during the primary subscription period," DP Singh, the deputy managing director & joint chief executive at SBI Funds Management, told PTI. The investment objective of the scheme is to provide returns that correspond to the total returns of the securities represented in the underlying Nifty index, he said. Shamsher Singh, the managing director & chief executive, said, the new index fund is a smart-beta strategy that allocates equal weight to all stocks, instead of considering market cap as the sole criteria. Investors who seek balanced diversification and a ...
This week we explain the difference between a will and gift deed; next we analyse index funds of life insurers
To invest in a small-cap index fund of a life insurance company, a customer will need to invest in a ULIP
Most of the index funds invest in a large number of securities. These broad market index funds offer greater diversity, signifying that they invest in a large number of securities