Mutual Fund News: Latest Mutual Fund News and Updates on Economic Times - The Economic Times

The H1CY25 classification includes CG Power, Rail Vikas Nigam , ICICI Prudential, Polycab India, Indus Towers, Cummins India, and Info Edge, the operator of Naukri. Meanwhile, stocks transitioning from largecap to midcap include Adani Total Gas, NHPC, IDBI Bank, Shree Cements, Union Bank of India, Bharat Heavy Electricals, Canara Bank, Jindal Steel & Power, IndusInd Bank, Mankind Pharma, and Apollo Hospitals Enterprises.
DSP Mutual Fund launches DSP BSE Sensex Next 30 Index Fund and ETF. The NFO opens January 10th. These passively managed schemes track the BSE SENSEX Next 30 Index, aiming to replicate its performance.
HDFC Mutual Fund has filed with Sebi to launch two passive funds: HDFC Nifty100 Quality 30 Index Fund tracking Nifty100 Quality 30 Index and HDFC CRISIL-IBX AAA Bond Financial Services Index – Sep 2027 Fund, focusing on debt securities for moderate risk.
WhiteOak Capital Mutual Fund has launched the WhiteOak Capital Quality Equity Fund, an open-ended equity scheme focused on the Quality Factor theme. The fund aims to provide long-term capital appreciation by investing in companies with strong fundamentals. It will allocate primarily to equity, with minimal exposure to debt and REITs/InVITs. The NFO opens from January 8 to January 22, 2025.
Cosmea is targeting assets under management (AUM) of Rs 15,000 crore within the next three years, focusing on technology-driven growth powered by its SuperApp, extensive physical distribution network, and strategic alliances.
The scheme will benchmark against the Nifty Smallcap 250 TRI and be managed by Devender Singhal, Satish Dondapati, and Abhishek Bisen. The minimum investment for lumpsum and SIP is Rs 100, with no exit load. It offers regular and direct plans with growth and IDCW options.
Market regulator Securities and Exchange Board of India (Sebi) on Tuesday introduced a Mutual Funds Lite (MF Lite) framework for passively managed mutual funds schemes.
Mirae Asset launches a new Small Cap Fund. The NFO opens on January 10 and closes on January 24. The fund aims to generate capital appreciation by investing primarily in small-cap stocks.
Bandhan Nifty Alpha Low Volatility 30 Index Fund aims to replicate the Nifty Alpha Low Volatility 30 Index by investing in its securities in the same proportion, seeking to deliver returns (before expenses) that closely track the index’s total return, subject to tracking errors.
Debt market sentiments are subdued due to a sharp rise in 10Y US govt bond yields following a slower pace of rate cuts hinted by the FOMC and anticipated fiscal measures by the Trump administration. Meanwhile, Indian inflation remains within the RBI’s target range, and rate cut cycles globally suggest potential returns for long-duration funds in 2025.
UTI Mutual Fund has launched the UTI Quant Fund, an open-ended equity scheme focused on long-term capital appreciation through a quantitative investment approach. The fund will open for subscription from January 2 to 16, 2025, with various investment options.
ICICI Prudential Mutual Fund is launching the ICICI Prudential Rural Opportunities Fund, an open-ended equity scheme focusing on rural and allied sectors. The NFO will open from January 9 to 23. The scheme aims to generate long-term wealth by investing in companies benefiting from rural India’s growth. It will be benchmarked against the Nifty Rural Index TRI.
Bajaj Finserv Mutual Fund has announced the launch of Bajaj Finserv Gilt Fund, an open ended debt scheme investing in government securities across maturity with relatively high interest rate risk and relatively low credit risk.
A recent Ventura Securities study, “Are Smallcap Funds Risky,” reveals that smallcap funds allocate 8% to largecaps, 11% to midcaps, and 80% to smallcaps. Within the smallcap segment, 50% is in stocks ranked 251–500, 29% in 501–1,000, and just 2% beyond 1,000 by market cap.
Motilal Oswal Mutual Fund will pause inflows from existing SIPs in its S&P 500 Index Fund and Nasdaq 100 Fund of Fund due to exhausted overseas investment limits. The pause starts January 5, 2025, but SIPs can be reactivated later.
Choice International Limited has received in-principle approval from SEBI to sponsor and establish a mutual fund. This approval allows the company to set up an Asset Management Company (AMC) and Trustee Company, expanding its financial services portfolio. CEO Arun Poddar expressed excitement about entering the mutual fund industry and empowering investors with tailored products, adhering to all SEBI regulations.
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