Mutual Funds Archives - Page 3 of 7

19 Mar

IIHL Targeting a Valuation of USD 50 billion by 2030: Chairman Ashok Hinduja

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Acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company Chandigarh: IndusInd International Holdings Chairman Ashok Hinduja said that with the acquisition of Reliance Capital, IndusInd International Holdings Ltd (IIHL) is targeting a valuation of USD 50 billion by 2030. He announced on Tuesday that the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday. Mauritius-based IIHL emerged as the successful suitor with…

18 Mar

ICICI Prudential Mutual Fund relocates its Ludhiana branch

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The Company remains committed to reach out to retail investors across the length and breadth of the country #BranchOpening #ICICIPAMCLudhiana Ludhiana: Investors and distributors of ICICI Prudential MF in Ludhiana can now reach out to the fund house at a new address. The existing Ludhiana branch has been relocated to ICICI Prudential Asset Management Co. Ltd., Ludhiana Stock Exchange Building, 751/133, Feroze Gandhi Market, Ludhiana, Punjab -141001. The new office was inaugurated by Sodhi Choudhary, Zonal Head – ICICI Bank, Pankaj Jawanjal, Zonal Head - Retail Sales & Distribution – North and Vipul Ghai, Regional Head, Retail Sales & Distribution…

18 Mar

Aditya Birla Sun Life Mutual Fund Launches Constant Maturity Fund

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#NFO: Constant Maturity Fund Investing in India’s Top Financial Institutions The fund will track the CRISIL-IBX Financial services 9-12 Months Debt Index The NFO will be open for subscription from 18th March 2025 to 20th March 2025 Chandigarh: Aditya Birla Sun Life AMC Limited (ABSLAMC) was incorporated in the year 1994. Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. are the promoters and major shareholders of the Company. ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. The asset manager has announced the launch…

16 Mar

New MF: SBI Mutual Fund launches two new fuds tracking BSE PSU Bank Index

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SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF aim to provide returns corresponding to that of securities in underlying index Mumbai: SBI Mutual Fund has launched two new open-ended schemes tracking the performance of the BSE PSU Bank Index, offering investors an opportunity to capitalise on the growth of public sector banking. The new fund offer (NFO) period for SBI BSE PSU Bank Index Fund and SBI BSE PSU Bank ETF will open on March 17 and close on March 20. The investment objective of both funds is to provide returns that correspond to the total…

16 Mar

New SIF from 1 April: Specialised Investment Funds, with a minimum investment of Rs 10 lakh

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By: Nandana These investment strategies could include exposure to equity, debt, real estate investment trusts (REITs) or derivatives like futures and options (F&O). Mumbai: a new investment vehicle that sits at the intersection of mutual funds and portfolio management service (PMS). Called ‘Specialised Investment Funds’ or SIF, these products will have a minimum investment threshold of Rs 10 lakh and offer investors exposure to advanced investment strategies. Many mutual fund companies are preparing to launch SIF from April 1 which will give investors an opportunity to invest. These new funds will start getting announced in the coming days. These investment…

15 Mar

IndusInd bank is well-capitalised and the financial position of the bank satisfactory: RBI

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#IndusIndBank #RBIIndusIndBank The bank’s financial health remains stable and is being monitored closely by Reserve Bank Mumbai: There has been some speculation relating to IndusInd Bank Ltd. in certain quarters, perhaps arising from recent events related to the bank. The Reserve Bank would like to state that the bank is well-capitalised and the financial position of the bank remains satisfactory. As per auditor-reviewed financial results of the bank for the quarter ended December 31, 2024, the bank has maintained a comfortable Capital Adequacy Ratio of 16.46 per cent and Provision Coverage Ratio of 70.20 per cent. The Liquidity Coverage Ratio…

14 Mar

एसेट एलोकेशन की ताकतः लाॅन्गटर्म वेल्थ क्रिएशन के लिए एक प्रमाणित रणनीति

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मोहाली स्थित म्यूचुअल फंड डिस्ट्रीब्यूटर मंजू जिंदल का कहना है कि आईसीआईसीआई प्रूडेंशियल एसेट एलोकेटर फंड (एफओएफ) इस समय निवेश के लिए एक बेहतर विकल्प है मोहालीः जोखिम को कम रखने, मुद्रास्फीति को मात देने वाला रिटर्न, एसेट एलोकेशन और विविधीकरण एक बेहतर निवेश के मूल पहलू हैं। यदि कोई इनका पालन करता है, तो लक्ष्य प्राप्ति आसान हो जाती है जबकि निवेश का अनुभव सुखद और तनाव मुक्त होता है। मोहाली स्थित म्यूचुअल फंड डिस्ट्रीब्यूटर मंजू जिंदल का कहना है कि यह बाजार चक्रों या अनिश्चितताओं के बावजूद अच्छी तरह से काम करता है जो लगातार सामने आते रहते…

13 Mar

Aditya Birla Sun Life Mutual Fund Introduces Aditya Birla Sun Life Choti SIP

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Choti SIP will be available for all schemes of the fund, except Debt, Sectoral & Thematic, Small & Midcap Funds Choti SIP will enable investors to participate with a minimum investment of Rs 250 Chandigarh: Aditya Birla Sun Life AMC Limited (ABSLAMC) was incorporated in the year 1994. Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. are the promoters and major shareholders of the Company. ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. The asset manager has announced the introduction of Aditya Birla…

11 Mar

Bajaj Allianz Life ‘Focused 25 Fund’ launched – A Concentrated Portfolio Strategy for High-Growth Potential

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The fund will be available along with its ULIP products and is designed to concentrated portfolio of up to 25 stocks across market capitalizations Chandigarh: Bajaj Allianz Life, one of India’s leading private life insurers, has announced the launch of its New Fund Offer (NFO) – Bajaj Allianz Life Focused 25 Fund. The fund will be available along with its ULIP products and is designed to achieve long-term capital appreciation through a concentrated portfolio of up to 25 stocks across market capitalizations, with a predominant focus on large-cap companies, along with a life cover. The fund is benchmarked against the…

10 Mar

Axis Mutual Fund Launches Axis Nifty500 Value 50 ETF

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Highlights of Axis Nifty500 Value 50 ETF Benchmark: NIFTY500 Value 50 TRI Fund Manager: Mr. Karthik Kumar NFO dates: 10th March to 12th March 2025 Minimum Application Amount during NFO: Rs. 500 and in multiples of Rs. 1/- thereafter Chandigarh: Axis Mutual Fund, one of the leading asset management companies in India, announced the launch of New Fund Offer for its new Exchange Traded Fund (ETF) – Axis Nifty500 Value 50 ETF (an open-ended exchange traded fund replicating / tracking the Nifty500 Value 50 TRI). The ETF is designed to provide investors with targeted exposure to the Indian equity markets…