Page 6 - Mutual Funds

Aggressive hybrid funds suit moderate-risk investors with long-term goals

Such funds are not entirely immune to volatility due to their considerable equity allocation

Fund review: Nippon India ELSS Tax Saver Fund

Fund review: Nippon India ELSS Tax Saver Fund

Motilal Oswal MF buys Bharat Forge's shares worth nearly ₹378 crore

Motilal Oswal Mutual Fund on Monday bought shares of forging and precision engineering firm Bharat Forge worth nearly Rs 378 crore through an open market transaction. According to the bulk deal available on the NSE, Motilal Oswal Mutual Fund (MF) purchased nearly 32 lakh equity shares, or 0.65 per cent stake, in Pune-based Bharat Forge. The shares were acquired at an average price of Rs 1,217.32 apiece, taking the transaction value to Rs 377.73 crore. Details of the sellers of Bharat Forge's shares could not be ascertained on the National Stock Exchange (NSE). Shares of Bharat Forge rose 0.94 per cent to close at Rs 1,192.20 apiece on the NSE. In a separate bulk deal on the NSE, Singapore-headquartered Amansa Capital purchased 12.82 lakh shares or 0.97 per cent stake in speciality chemicals maker Aether Industries for Rs 94 crore through an open market transaction. The transaction was valued at around Rs 94.27 crore and was executed at a price of Rs 735 apiece. Meanwhile, Goldma

NFO alert! Motilal Oswal MF launches Consumption Fund; check details here

Motilal Oswal Consumption Fund will focus on high-growth pockets of the consumption theme, including organised retail, digital services enabling consumption

Zerodha launches Nifty 50 ETF, Nifty 50 Index Fund: Check key details here

Zerodha Fund House has launched the Zerodha Nifty 50 ETF and Zerodha Nifty 50 Index Fund, open-ended schemes tracking the Nifty 50 Index-TRI

DSP Mutual Fund launches India's first Flexi Cap ETF: Who should invest?

The Nifty 500 FlexiCap Quality 30 TRI allocates across different market capitalisations based on momentum, while focusing on companies meeting certain quality criteria

As market competition grows, mutual funds cut costs to woo investors

Tata, SBI announce sharp reductions in exit loads; Jio BlackRock sets it to zero

Listed firms' investments in mutual funds touch record ₹3.8 trillion

Cash buildup, limited capex appetite push firms towards fund houses

Mutual funds leave insurance companies in the shade on anchor allotments

Insurance participation in IPOs has risen but MF allocations have grown even faster

Fund review: Aditya BSL Large Cap Fund

Fund review: Aditya BSL Large Cap Fund

Domestic MFs flock to Eternal, trim bets on Maruti, D-Mart, NTPC

Mutual funds increased exposure to Eternal in August as the stock surged over 60 per cent in six months, crossing Rs 3 trillion in market cap, with Blinkit leading growth

Jio BlackRock expects India's mutual fund industry to triple by 2032

India's equity markets have more than doubled to $5.3 trillion over the last five years, drawing millions of retail investors

Flexicap funds set to hit ₹5 trillion AUM, a first for equity schemes

Flexicap schemes account for 15 per cent of the total assets managed by active equity schemes

Reits rally as Sebi reclassifies them as equity for mutual fund flows

Reits surged after Sebi reclassified them as equity securities for mutual fund investments, a move expected to lift liquidity, expand investor base and attract capital

ICICI Prudential MF buys nearly 3% stake in Laxmi Dental for ₹49 cr

ICICI Prudential Mutual Fund on Monday bought nearly a 3 per cent stake in Laxmi Dental for around Rs 49 crore through open market transactions. After the stake buy, shares of Laxmi Dental rose 0.25 per cent to close at Rs 306.70 apiece on the NSE while the scrip of the company fell 0.93 per cent to settle at Rs 303.25 per piece on the BSE. According to the bulk deal data on the BSE and NSE, ICICI Prudential Mutual Fund (MF) purchased 8.62 lakh equity shares on the NSE and it acquired 7.38 lakh shares, representing a combined 2.91 per cent stake in Laxmi Dental. The combined transaction was valued around Rs 48.51 crore, and was executed at an average price of Rs 303 apiece, on the exchanges. Meanwhile, Abu Dhabi Investment Authority (ADIA) offloaded a total of 11.16 lakh shares or 2.03 per cent stake in Laxmi Dental for Rs 33.82 crore. After the stake sale, ADIA's holding in Laxmi Dental has come down to 1.15 per cent from 3.18 per cent. The shares were disposed of in the price

Morgan Stanley, Nippon India MF buy HCG shares worth ₹438 crore

Morgan Stanley and Nippon India Mutual Fund (MF) are among the investors that bought around 63 lakh shares worth Rs 438 crore of HealthCare Global Enterprises (HCG) from private equity firm CVC Capital Partners through open market transactions, according to the NSE data. Motilal Oswal MF and Plutus Wealth Management are the other two entities that bought shares in HCG. On Wednesday, Morgan Stanley, Nippon India Mutual Fund (MF), Motilal Oswal MF and Plutus Wealth Management purchased 63 lakh equity shares representing a 4.52 per cent stake in Bengaluru-headquartered HCG. The transaction was valued at around Rs 437.85 crore, and was executed at an average price of Rs 695 apiece on the National Stock Exchange (NSE). Meanwhile, Luxembourg-based CVC Capital Partners through its affiliate, Aceso Company Pte Ltd offloaded these shares at the same price. After the stake sale, Aceso Company holding in HCG has come down to 4.24 per cent from 8.76 per cent. Shares of Healthcare Global ...

JioBlackRock set to launch first active equity fund on September 23

JioBlackRock Mutual Fund on Thursday said it will launch its first active equity product, JioBlackRock FlexiCap Fund, on the Systematic Active Equity platform on September 23, but refrained from setting any collection target for the new fund during the initial offer period. This is our first active equity fund. Three or four other active equity funds are in the pipeline, which may see the light of day this fiscal. Other products, including ETFs, will follow in due course, JioBlackRock chief investment officer Rishi Kohli said. The fund, built on BlackRock's globally proven SAE platform, follows a rules-based and predominantly machine-driven process tracking 400 signals. About 95 per cent of the investment process will be technology-driven, aiming to eliminate key-person risk, reduce cognitive biases, and ensure disciplined fund management. The SAE Flexi-Cap Fund will maintain a controlled active risk of no more than 3-4 per cent, lower than industry averages, with a focus on downsid

Fund review: ICICI Prudential Medium Term Bond Fund

Fund review: ICICI Prudential Medium Term Bond Fund

Equity MF inflows drop 22% in Aug to ₹33,430 cr on lower NFO activity

Inflow in equity mutual funds dropped by 22 per cent to Rs 33,430 crore in August primarily due to a sharp fall in new fund offers (NFOs), data released by the Association of Mutual Funds in India (AMFI) showed on Wednesday. Also, the latest fund infusion by investors marks the 54th consecutive month of net inflows into the segment. According to the data, equity-oriented mutual funds witnessed an inflow of Rs 33,430 crore in August, a sharp decline from Rs 42,702 crore in the preceding month. Experts attributed the drop in inflows to lower new fund offers (NFOs). "The lower impact of new flow viz previous month roughly Rs 9,000 crore is to the extent of NFO's which were higher in July than August. Rest the flow momentum is steady and healthy," Akhil Chaturvedi, Executive Director and Chief Business Officer at Motilal Oswal Asset Management Company, said. "Given past trends, I was hoping for a higher SIP number which is now flat around Rs 27,000 crore. Broadly, Indian investors ...

Prudent Board buys Indus Capital; Wealth Company MF launches debut scheme

Investment platform Enrich Money on Monday said it has become the first mutual fund (MF) distributor to allow MF systematic investment plan (SIP) of as low as ₹10