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Nippon India Balanced Advantage Fund Announces Income Distribution cum Capital Withdrawal (IDCW)
10-May-2024 ( 09:09 )
Nippon India Mutual Fund has announced 14 May 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the regular plan ? IDCW payout and direct plan ? IDCW payout of Nippon India Balanced Advantage Fund. The quantum of distribution will be Rs 0.2000 per unit under each plan / option as on the record date.

Equity mutual funds see shift in inflows, SIPs hit record high
09-May-2024 ( 14:54 )
Equity mutual fund inflows experienced a 16.4% decline in April 2024, reaching Rs 18,917 crore. This decrease is attributed to a significant drop in investments directed towards large-cap funds. However, a positive shift emerged in small-cap funds, which attracted inflows of Rs 2,208 crore after facing outflows in March.

Systematic Investment Plans (SIPs) offered a bright spot, with record-breaking contributions of Rs 20,371 crore in April. This surpasses the Rs 20,000 crore mark for the first time, indicating continued investor interest in utilizing SIPs for long-term wealth creation.

Overall, the mutual fund industry displayed a strong rebound following outflows experienced in March. Net inflows reached Rs 2.39 lakh crore, driven by positive inflows across various categories.

Within the equity fund segment, large-cap inflows witnessed a substantial decline of 83%, settling at Rs 358 crore. Conversely, mid-cap funds experienced a significant surge of 76.19%, reaching net investments of Rs 1,793 crore. Sectoral and thematic funds received the highest inflows (Rs 5,166 crore) but saw a decrease of 34.75% compared to the previous month. Focused funds and Equity Linked Savings Schemes (ELSS) categories also experienced net outflows.

Debt funds, which faced outflows in March, exhibited a recovery with net inflows of Rs 1.90 lakh crore in April. Liquid funds and Money Market funds were the primary contributors to this positive shift.

Fueled by the fresh inflows in both debt and equity funds, the Assets Under Management (AUM) of the mutual fund industry climbed to Rs 57.26 lakh crore at the end of April 2024.

Axis Mutual Fund Announces change in benchmark under its scheme
08-May-2024 ( 10:28 )
Axis Mutual Fund has announced change in the benchmark of Axis Floater Fund (?the Scheme?)with immediate effect.

Changes in Benchmark Index:

Name of Scheme Existing Benchmark Proposed Benchmark
Axis Floater Fund NIFTY Long Duration Debt Index A-III NIFTY Medium to Long Duration Debt IndexA -III

Mahindra Manulife Mutual Fund Announces Resignation of Key Personnel
08-May-2024 ( 10:45 )
Mahindra Manulife Mutual Fund has announced that Mr. Raul Ignatius Rebello has been appointed as an Associate Director on the Board of MMIMPL with effect from April 30, 2024.

Details of Mr. Raul Ignatius Rebello

Age: 46 years

Designation: Associate Director

Qualification: Postgraduate in Management from the Goa Institute of Management.

Baroda BNP Paribas Arbitrage Fund Announces Income Distribution cum Capital Withdrawal (IDCW)
06-May-2024 ( 09:25 )
Baroda BNP Paribas Mutual Fund has announced 08 May 2024 as the record date for declaration of Income Distribution cum capital withdrawal (IDCW) under the monthly IDCW option of Baroda BNP Paribas Arbitrage Fund. The amount of IDCW on the face value of Rs 10 per unit will be:

Regular Plan ? Monthly IDCW Option: Rs 0.06

Direct Plan ? Monthly IDCW Option: Rs 0.06

AXIS MF Announces change in scheme name
04-May-2024 ( 11:35 )
Axis Mutual Fund has announced change in scheme name under the following scheme, with effect from 13 June 2024:

Change in the name of the Scheme:

Existing Name Revised Name
Axis Special Situations Fund Axis Innovation Fund

ICICI Prudential MF Announces Income Distribution cum Capital Withdrawal (IDCW) under Four schemes
03-May-2024 ( 09:24 )
ICICI Prudential Mutual Fund has announced 07 May 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:

ICICI Prudential Balanced Advantage Fund:

Regular Plan ? Monthly IDCW: 0.07

Direct Plan ? Monthly IDCW: 0.07

ICICI Prudential Equity & Debt Fund:

Regular Plan ? Monthly IDCW: 0.16

Direct Plan ? Monthly IDCW: 0.16

ICICI Prudential Multi?Asset Fund:

Regular Plan ? IDCW: 0.1600

Direct Plan ? IDCW: 0.1600

ICICI Prudential Equity?Arbitrage Fund:

Regular Plan ? IDCW: 0.0500

Direct Plan ? IDCW: 0.0500

HSBC MF Announces change in fund managers under its schemes
03-May-2024 ( 11:44 )
HSBC Mutual Fund has announced change in fund managers under the following schemes, With effect from 01 May 2024

Change in Fund Management Responsibilities:

Name of the Scheme Existing Fund Manager(s) Revised Fund Manager(s)
HSBC Ultra Short Duration Fund ? Mr. Mahesh Chhabria & Mr. Jalpan Shah (For Fixed Income) ? Mr. Mahesh Chhabria & Mr. Kapil Punjabi (For Fixed Income)
HSBC Short Duration Fund ? Mr. Jalpan Shah & Mr. Mohd. Asif Rizwi (For Fixed Income) ? Mr. Shriram Ramanathan & Mr. Mohd. Asif Rizwi (For Fixed Income)
HSBC Gilt Fund ? Mr. Jalpan Shah & Mr. Shriram Ramanathan (For Fixed Income) ? Mr. Shriram Ramanathan & Mr. Mohd Asif Rizwi (For Fixed Income)
HSBC Dynamic Bond Fund ? Mr. Jalpan Shah & Mr. Shriram Ramanathan (For Fixed Income) ? Mr. Mahesh Chhabria & Mr. Shriram Ramanathan (For Fixed Income)
HSBC Banking and PSU Debt Fund ? Mr. Mahesh Chhabria & Mr. Jalpan Shah (For Fixed Income) ? Mr. Mahesh Chhabria & Mr. Mohd. Asif Rizwi (For Fixed Income)
HSBC Corporate Bond Fund ? Mr. Jalpan Shah & Mr. Shriram Ramanathan (For Fixed Income) ? Mr. Kapil Punjabi & Mr. Shriram Ramanathan (For Fixed Income)
HSBC Aggressive Hybrid Fund ? Ms. Cheenu Gupta & Mr. Gautam Bhupal (For Equity),
? Mr. Shriram Ramanathan (For Fixed Income)
? Mr. Sonal Gupta (For Overseas Investments) 		? Ms. Cheenu Gupta & Mr. Gautam Bhupal (For Equity),
? Mr. Shriram Ramanathan & Mr. Mohd. Asif Rizwi (For Fixed Income)
? Mr. Sonal Gupta (For Overseas Investments)
HSBC Conservative Hybrid Fund ? Mr. Mahesh Chhabria (For Fixed Income)
? Ms. Cheenu Gupta & Mr. Abhishek Gupta (For Equity) 		? Mahesh Chhabria & Mr. Kapil Punjabi (For Fixed Income)
? Ms. Cheenu Gupta & Mr. Abhishek Gupta (For Equity)
HSBC Balanced Advantage Fund ? Mr. Neelotpal Sahai & Mr. Gautam Bhupal (For Equity),
? Mr. Praveen Ayathan & Mr. Hitesh Gondhia (For Arbitrage portion),
? Mr. Mahesh Chhabria (For Fixed Income)
? Mr. Sonal Gupta (For Overseas Investments) 		? Mr. Neelotpal Sahai & Mr. Gautam Bhupal (For Equity),
? Mr. Praveen Ayathan & Mr. Hitesh Gondhia (For Arbitrage portion),
? Mr. Mahesh Chhabria & Mr. Kapil Punjabi (For Fixed Income)
? Mr. Sonal Gupta (For Overseas Investments)
HSBC Equity Savings Fund ? Ms. Cheenu Gupta & Abhishek Gupta (For Equity)
? Mr. Praveen Ayathan & Mr. Hitesh Gondhia (For Arbitrage portion)
? Mr. Mahesh Chhabria (For Fixed Income)
? Mr. Sonal Gupta (For Overseas Investment) 		? Ms. Cheenu Gupta & Abhishek Gupta (For Equity)
? Mr. Praveen Ayathan & Mr. Hitesh Gondhia (For Arbitrage portion)
? Mr. Mahesh Chhabria & Mr. Kapil Punjabi (For Fixed Income)
? Mr. Sonal Gupta (For Overseas Investment)
HSBC Multi Asset Allocation Fund ? Cheenu Gupta (For Equity)
? Mahesh Chhabria (For Fixed Income)
? Dipan Parikh (For Gold / Silver ETFs)
? Mr. Sonal Gupta (For Overseas Investment) 		? Cheenu Gupta (For Equity)
? Mahesh Chhabria & Mr. Kapil Punjabi (For Fixed Income)
? Dipan Parikh (For Gold / Silver ETFs)
? Mr. Sonal Gupta (For Overseas Investment)
HSBC Arbitrage Fund ? Mr. Praveen Ayathan & Mr. Hitesh Gondhia (For Arbitrage portion)
? Mr. Mahesh Chhabria (For Fixed Income) 		? Mr. Praveen Ayathan & Mr. Hitesh Gondhia (For Arbitrage portion)
? Mr. Mahesh Chhabria & Mr. Kapil Punjabi (For Fixed Income)

SBI MF Announces change in fund managers under schemes
02-May-2024 ( 13:51 )
SBI Mutual Fund has announced change in fund managers under the following schemes, with effect from 01 May 2024.

Change in Fund Management Responsibilities:

Name of the Scheme Existing Fund Managers Revised Fund Managers
SBI Long Term Advantage Fund Series V Mr. Rama Iyer Srinivasan Mr. Mohan Lal
SBI Small Cap Fund Mr. Rama Iyer Srinivasan Mr. Rama Iyer Srinivasan and Mr. Mohan Lal
Mr. Pradeep Kesavan (Foreign Securities)

Nippon India MF Announces change in fund managers under its schemes
02-May-2024 ( 14:54 )
Nippon India Mutual Fund has announced the following change in the fund managers of certain schemes of the fund, with effect from 01 May 2024

Change in Fund Management Responsibilities:

Name of the Scheme Existing Fund Managers Revised Fund Managers
Nippon India Small Cap Fund Samir Rachh
Tejas Sheth (Assistant Fund Manager) 		Samir Rachh
Nippon India Equity Savings Fund Ashutosh Bhargava,
Vikram Dhawan,
Sushil Budhia,
Tejas Sheth (Co-Fund Manager), Kinjal Desai (Fund Manager - Overseas Investment)		 Ashutosh Bhargava,
Vikram Dhawan,
Sushil Budhia,
Kinjal Desai (Fund Manager - Overseas Investment)
Nippon India Focused Equity Fund Vinay Sharma,
Prateek Poddar (Co-Fund Manager)		 Vinay Sharma

Union MF Announces change in fund managers under its schemes
02-May-2024 ( 15:26 )
Union Mutual Fund has announced change in fund managers under the following schemes, with effect from 02 May 2024.

Change in Fund Management Responsibilities:

<
Name of the Scheme Existing Fund Managers/ Co-Fund Managers New Fund Managers/ Co-Fund Managers
Union Large & Midcap Fund Mr. Sanjay Bembalkar and
Mr. Hardick Bora		 Mr. Hardick Bora and
Mr. Vinod Malviya
Union Largecap Fund Mr. Hardick Bora,
Mr. Sanjay Bembalkar and
Mr. Vinod Malviya 		Mr. Sanjay Bembalkar and
Mr. Vinod Malviya
Union Midcap Fund Mr. Sanjay Bembalkar,
Mr. Hardick Bora and
Mr. Gaurav Chopra		 Mr. Hardick Bora and
Mr. Gaurav Chopra

Union MF Announces Change In the Benchmark
02-May-2024 ( 15:37 )
Union Mutual Fund has announced Change in the Benchmark of Union Large & Midcap Fund under the following scheme, with effect from May 02, 2024

Name of the Scheme Existing Risk-o-meter of the Benchmark Revised Risk-o-meter of the Benchmark
Union Large & Midcap Fund S&P BSE 250 LargeMidCap Index (TRI) ^^ NIFTY LargeMidcap 250 Index (TRI) @@@

NJ FlexiCap Fund Announces change in Fund Manager
02-May-2024 ( 14:29 )
NJ Mutual Fund has announced change in the Fund Management Structure of NJ ELSS Tax Saver Scheme with effect from May 01, 2024:

Change in Fund Management structure of NJ FlexiCap Fund:

Name of the Scheme Existing Fund Management Structure Revised Fund Management Structure
NJ FlexiCap Fund Mr. Dhaval Patel- Fund Manager 1. Mr. Dhaval Patel- Fund Manager

2. Mr. Viral Shah - Fund Manager

Franklin Templeton MF Announces change in fund manager under Ten schemes
30-Apr-2024 ( 14:23 )
Franklin Templeton Mutual Fund has announced change in fund manager under the following schemes, with effect from April 30, 2024.

Change in Fund Manager:

Name of the Scheme Existing Fund Managers New Fund Manager(s)
Franklin India Overnight Fund ? Pallab Roy

? Umesh Sharma

? Pallab Roy

? Chandni Gupta

Franklin India Liquid Fund ? Pallab Roy

? Umesh Sharma

? Pallab Roy

? Chandni Gupta

Franklin India Money Market Fund ? Pallab Roy

? Umesh Sharma

? Rahul Goswami

? Chandni Gupta

? Pallab Roy

? Rahul Goswami

Franklin India Floating Rate Fund ? Pallab Roy

? Umesh Sharma

? Sandeep Manam

? Pallab Roy

? Chandni Gupta

? Sandeep Manam

Franklin India Banking & PSU Debt Fund ? Umesh Sharma

? Chandni Gupta

? Anuj Tagra

? Sandeep Manam

? Chandni Gupta

? Anuj Tagra

? Sandeep Manam

Franklin India Pension Plan ? Umesh Sharma

? Pallab Roy

? Rajasa Kakulavarapu

? Varun Sharma

? Anuj Tagra

? Pallab Roy

? Rajasa Kakulavarapu

? Varun Sharma

Kotak Mahindra MF Announces change in fund managers under its schemes
30-Apr-2024 ( 14:41 )
Kotak Mahindra Mutual Fund has announced change in fund managers under the following schemes, with effect from 01 May 2024.

Change in Fund Management Responsibilities:

Name of the Scheme Existing Fund Manager Revised Fund Manager
Kotak Multicap Fund Mr. Harsha Upadhyaya, Mr. Devender Singhal, Mr. Abhishek Bisen and Mr. Arjun Khanna (Dedicated Fund Manager for investment in foreign securities) Mr. Devender Singhal, Mr. Abhishek Bisen and Mr. Arjun Khanna (Dedicated Fund Manager for investment in foreign securities)

UTI Conservative Hybrid Fund Announces Income Distribution cum capital withdrawal (IDCW)
29-Apr-2024 ( 09:18 )
UTI Mutual Fund has announced IDCW is 02 May 2024 as the record date for declaration of Income Distribution cum capital withdrawal (IDCW) under Regular Plan-Monthly IDCW Option and Direct Plan-Monthly IDCW Option of UTI Conservative Hybrid Fund. The quantum of IDCW will be Rs 0.0800 per unit or 0.80% on the face value of Rs 10 per unit.

Axis MF Announces IDCW & Monthly Income Distribution cum Capital Withdrawal (IDCW) under its schemes
27-Apr-2024 ( 12:50 )
Axis Mutual Fund has announced 26 April 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) under the IDCW option of following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:

Axis Equity Saver Fund ? Regular Plan ? Monthly IDCW Option & Direct Plan ? Monthly IDCW Option: 0.09 each.

Axis Equity Hybrid Fund ? Regular Plan ? Monthly IDCW Option & Direct Plan ? Monthly IDCW Option: 0.10 each.

Mahindra Manulife Mutual Fund Announces change in fund manager
27-Apr-2024 ( 12:31 )
Mahindra Manulife MF has announced change in fund manager under the following scheme, with effect from 02 May 2024.

Change in Fund Management Responsibilities:

Scheme Name Existing Fund Manager New Fund Manager
Mahindra Manulife Aggressive Hybrid Fund 1. Ms. Fatema Pacha (Equity Portion)

2. Mr. Manish Lodha (Equity Portion)

3. Mr. Rahul Pal (Debt Portion)

 1. Ms. Fatema Pacha (Equity Portion)

2. Mr. Manish Lodha (Equity Portion)

3. Mr. Rahul Pal (Debt Portion)

4. Mr. Amit Garg (Debt Portion)

Baroda BNP Paribas Mutual Fund Announces IDCW Income Distribution cum Capital Withdrawal (IDCW) under its schemes
26-Apr-2024 ( 12:28 )
Baroda BNP Paribas Mutual Fund has announced 29 April 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) in the following schemes. The proposed IDCW on the face value of Rs 10 per unit will be:

Baroda BNP Paribas Aggressive Hybrid Fund ? Regular Plan ? IDCW Option: Rs 0.13 per unit.

Baroda BNP Paribas Aggressive Hybrid Fund ? Direct Plan ? IDCW Option: Rs 0.14 per unit.

Baroda BNP Paribas Multi Cap Fund ? Regular Plan ? IDCW Option: Rs 0.40 per unit.

Baroda BNP Paribas Multi Cap Fund ? Direct Plan ? IDCW Option: Rs 0.42 per unit.

TATA MF Announces change in fund managers under its schemes
25-Apr-2024 ( 13:48 )
TATA Mutual Fund has announced change in fund managers under the following schemes, with effect from 26 April 2024.

Change in Fund Management Responsibilities:

Scheme Name Fund Manager (Existing) Fund Manager (From effective date)
Tata S&P BSE Sensex Index Fund Sonam Udasi Kapil Menon
Tata Nifty 50 Index Fund Sonam Udasi Kapil Menon
Tata Nifty Midcap 150 Momentum 50 Index Fund Sailesh Jain Kapil Menon
Tata Nifty 50 Exchange Traded Fund Sailesh Jain Kapil Menon
Tata Nifty India Digital Exchange Traded Fund Meeta Shetty Kapil Menon
Tata Nifty Private Bank Exchange Traded Fund Sailesh Jai Kapil Menon
Tata Gold Exchange Traded Fund Tapan Patel 1) Tapan Patel *
2) Kapil Menon
Tata Silver Exchange Traded Fund Tapan Patel 1) Tapan Patel *
2) Kapil Menon

* Lead Fund Manager

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