New fund offers are gaining popularity just like the equity mutual funds. In August 2024, the mutual fund industry saw new fund offer (NFO) inflows totaling Rs 13,815 crore, spread across 18 NFOs. This was a decrease from the Rs 16,565 crore invested in 15 NFOs in July 2024. Of the 18 NFOs launched in … Read more
Madhu Nair, CEO of Union Mutual Fund, has a bullish view on the investment landscape. That’s why he believes that the assets of mutual fund industry could touch Rs 140-200 lakh crore in 7-10 years. He feels money flows into equities and bonds in India will surprise over the next 10-15 years. Over the past … Read more
Motilal Oswal Asset Management Company has announced the launch of the Motilal Oswal Nifty India Defence Index Fund, which is India’s first Index Fund offering exposure to defence stocks listed in India. Motilal Oswal Nifty India Defence Index Fund is an open-ended fund replicating/tracking the total returns of the Nifty India Defence Index. The NFO … Read more