Page 5 - Mutual Fund

Aditya Birla Sun Life AMC Q4 results: Profit grows 9% to Rs 228 cr

The company's board of directors in its meeting recommended a dividend of Rs 24 per equity share for FY25

No 'investible ideas'? DSP Mutual Fund raises cash amid pricey valuations

The dicey environment has pushed Abhishek Singh, who oversees over $2 billion of assets at DSP Mutual Fund, to increase cash holdings in a large cap fund to nearly 13 per cent as of March-end

Motilal Oswal Mutual Fund buys additional shares of Coforge worth Rs 231 cr

Motilal Oswal Mutual Fund (MF) on Thursday acquired additional shares of IT firm Coforge worth Rs 231 crore through an open market transaction. According to the bulk deal data available on the NSE, Motilal Oswal MF purchased 3.5 lakh shares or 0.52 per cent stake in Greater Noida-based Coforge. The shares were acquired at an average price of Rs 6,605.13 apiece, taking the transaction value to Rs 231.18 crore. After the latest transaction, Motilal Oswal MF's equity stake in Coforge rose to 8.58 per cent from 8.06 per cent. Details of the seller(s) of Coforge's shares could not be ascertained on the National Stock Exchange (NSE). The scrip of Coforge on Thursday climbed 3.78 per cent to close at Rs 6,650 per piece on the NSE. On Thursday, Coforge said its wholly-owned subsidiary Coforge Technologies Australia has completed the acquisition of TMLabs from its shareholders in accordance with the share sale agreement.

Sebi plans overhaul of mutual fund classification, ease restrictive clauses

Amid concerns over the proliferation of thematic MF schemes, Sebi aims to address the lack of differentiation within the 36 prescribed categories

Equity or debt-oriented? Let risk profile and time horizon decide for MAAFs

Amid market turbulence, investors seeking stability with reasonable returns may multi-asset allocation funds

Union AMC plans SIF, AIF, and GIFT City foray, says CEO Madhu Nair

The AMC, which manages around ₹20,000 crore in its MF schemes, has set a ₹1 trillion assets under management (AUM) target for the next 5 years

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

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

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

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

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

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

Rising equity market volatility fails to boost interest in hybrid funds

Inflows, folio additions decline for three straight months

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

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

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

MF industry leverage fund-of-fund route to create debt alternative

Fund houses adding arbitrage to existing debt FoFs to get the tax advantage

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

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"