Mutual funds have become a popular investment vehicle for individuals seeking to diversify their portfolios and achieve financial goals. Among the various investment options and strategies available within mutual funds, the One-Time Mandate (OTM) stands out as a versatile tool for investors. A One-Time Mandate (OTM) is a directive given by an investor to a … Read more
HDFC Securities, a leading broking firm and subsidiary of HDFC Bank, has announced that its Total Asset Under Management (AUM) for mutual funds has surpassed the Rs 25,000 crore mark. This significant milestone is a testament to the company’s commitment to helping customers achieve their long-term financial goals through disciplined investing and consistent savings, according … Read more
Equity mutual funds have offered negative returns in the last week upto 6%. Sectoral and thematic funds dominated the list of negative performers. Here are 10 worst performers. (Source: ACE MF) Source link
Debt mutual funds saw a decline in inflows by 92% at Rs 12,915 crore in November against Rs 1.57 lakh crore in October. Around 7 debt mutual fund categories saw outflow in November. Here’s the breakup (Source: AMFI). Source link
In November, technology, international, large & mid-cap, and mid-cap funds delivered positive returns. Technology funds led with a 4.41% average return. Auto and energy & power funds were the worst performers, losing 2.32% and 2.31%, respectively. Source link
Around 86% equity mutual funds have outperformed their respective benchmarks in November, an analysis of performance of equity mutual funds and their respective benchmarks showed. There were around 277 equity mutual funds in the said period and 237 funds have managed to beat their benchmarks in the mentioned period. In other words, around 40 equity … Read more
The thematic funds lost around 7.93% in the mentioned time period. Source link
The Securities and Exchange Board of India (Sebi) has released a consultation paper specifying the timelines for deployment of funds collected by asset management companies (AMCs) in new fund offer (NFO) as per asset allocation of the scheme within 30 business days. According to Sebi, the AMCs should specify achievable timelines in the SID regarding … Read more
Four mutual fund NFOs will open for subscription this week. These funds are index funds offered by Motilal Oswal Mutual Fund. (Source: ACE MF) Source link
Four small cap funds offered over 35% XIRR on SIP investments in the last five years. Quant Small Cap Fund offered the highest XIRR of 43.5%. Nippon India Small Cap Fund, Tata Small Cap Fund, and HSBC Small Cap Fund offered XIRRs between 35.42% and 38.57%. Source link