NFOs provide investors with the opportunity to invest in a fund from its inception, offering benefits such as low initial investment, unique investment themes, and potential for future growth
The thematic scheme will invest in stocks of companies engaged in automotive and allied businesses.
Passive funds attract Rs 37,200 crore inflows in 2024
Equities offer the best potential for wealth building over the long term. Investors need to invest time and effort in acquiring skills to improve their stock selection, timing, money management skill
India exposure in such global ETFs could be capped at 20%
Samco Asset Management expects to mop up Rs 500 crore from its new fund offer that tracks long-term capital growth through undervalued or overlooked opportunities, a top company official said on Thursday. The new fund offering (NFO) would open on May 17 and conclude on May 31. In an interaction with PTI, Umeshkumar Mehta, Chief Investment Officer of Samco Mutual Fund, said the objective of the fund is to achieve long-term capital appreciation by investing in a portfolio of securities "that are involved in 10 special situations". These "situations" include digitisation, spin-offs & corporate actions, reform-based strategy, undervalued holding companies strategy, trends sustainable over time, innovation & technological disruption, and new & emerging sectors. These 10 sub-strategies define the "disruption" model and are weaved around different corporate actions. These situations often create mispricing and undervalued opportunities that the fund aims to exploit for potential .
Allied Blenders and Distillers, the maker of Officer's Choice Whisky, has received Sebi's go-ahead to raise Rs 1,500 crore through an IPO, an update with the markets regulator showed on Tuesday
With no Fed rate cut in sight, gilt schemes garner Rs 5,200 cr in April, most in at least 5 yrs
From changes in bank charges to regulatory updates, here's what you need to know
Flexicap mutual funds offer the fund managers to invest across sectors and market capitalisations without any restrictions
With markets hovering around their record-high levels, traders are facing the dilemma of whether to buy the dip or sell the rallies
Unique investor tally surges to 44.5 million as 6.8 million new investors come onboard
Average MF ownership in Nifty Smallcap 250 stocks rose to 9% in Dec 2023 from 7.7% a yr ago
The company plans to launch the MF vertical by June, said Vasanth Kamath, Founder and CEO of Smallcase
The equity-linked savings scheme (ELSS) were the best performers among all the categories as 70 per cent of the schemes managed to outperform the S&P BSE 200, the study shows
Zerodha Fund House, a joint venture between Zerodha and smallcase, witnessed substantial growth with its Assets Under Management (AUM) surging Rs 500 crore in just 40 days, taking the total tally to cross Rs 1,000-crore mark. The fund house touched the asset base of Rs 500 crore on February 15. The first Rs 500 crore in AUM was added in over three months and the increase from Rs 500 crore to Rs 1,000 crore took just 40 days. "Heartening to see investor trust continue to compound at @ZerodhaAMC (a smallcase-Zerodha JV) with assets doubling to Rs 1,000+ crore in just 40 days. It's a reflection of the growing appetite for index-based investment products & we are grateful for all the feedback & ideas," Vasanth Kamath, Founder and CEO, smallcase announced on X(formerly Twitter). "Also, very proud of the amazing team at ZFH that's innovating with industry-first products while charting our own unique path by building differently with a direct-only, passive-only approach," he ...
However, the stake sale is subject to regulatory approvals from the Reserve Bank of India and Department of Financial Services, Ministry of Finance, Govt. of India
The top 10 investors in the smallcap and midcap schemes have an aggregate holding of 1.54 per cent and 0.91 per cent, respectively
Singh mentions that the only headwind for the market could emerge on the rural demand front
Fund houses asked to consider placing caps on investment, prevent first mover advantage