Mutual fund investment: Bandhan Mutual Fund has introduced the ‘Bandhan Nifty 200 Quality 30 Index Fund’, an open-ended scheme that mirrors the Nifty 200 Quality 30 Index. The NFO for the scheme is currently open for subscription and will close on November 29. The scheme will then resume continuous sale and repurchase on December 5. The … Read more
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
NFOs at present: Tata AIA Life Insurance has floated a new fund offer Tata AIA NIFTY Alpha 50 Index Fund. The new index fund is a unit-linked insurance product (ULIPs) and is available for subscription until September 30, 2024. During the New Fund Offering (NFO) period, units will be offered at an initial price of … Read more
The markets are flooded with mutual fund NFOs. How to choose which mutual fund NFO to invest in? Ratul C. De, Faridabad Reply by Shashank Pal – Chief Business Officer, PL Wealth Management – Prabhudas Lilladher This has been a perennial question in the minds of investors. Firstly, we should agree that the very decision … Read more
HDFC Mutual Fund on April 22 announced the launch of HDFC Manufacturing Fund. The open-ended equity scheme aims to unlock the potential of India’s manufacturing sector by investing predominantly in equity and equity-related securities of companies engaged in manufacturing activities. The new fund offer (NFO) for HDFC Manufacturing Fund commences on April 26, 2024, and … Read more