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Edelweiss Nifty Alpha Low Volatility 30 Index Fund?Announces change in Exit Load Structure
17-May-2024 ( 11:48 )
Edelweiss Mutual Fund has announced that the Exit Load structure of the following scheme of Edelweiss Mutual Fund will be revised as follows with effect from May 21, 2024 (?Effective Date?):

Change in Exit Load:

Name of the Scheme Existing Exit Load Revised Exit Load
Edelweiss Nifty Alpha Low Volatility 30 Index Fund ? NIL ? If the units are redeemed/switched out on or before 15 days from the date of allotment ? 0.10%

? If the units are redeemed/switched out after 15 days from the date of allotment - Nil

SBI Mutual Fund Announces Appointment of Key Personnel
16-May-2024 ( 12:08 )
SBI Mutual Fund has announced that Mr. Ashutosh Khajuria has been appointed as an Independent Director on the Board of SBI Asset Management Company Limited with effect from 10th May 2024.

Details of Mr. Ashutosh Khajuria

Age: 63 years

Designation: Independent Director

Qualification: Qualification: Bachelor of Science; Bachelor of Laws; Certified Associate of Indian Institute of Bankers (CAIIB); Masters of Arts in Economics; Diploma in Treasury Investment & Risk Management (DTIRM)

Mirae Asset launches new ETF focused on high-growth mid and small cap companies
16-May-2024 ( 14:53 )
Mirae Asset Mutual Fund announced the launch of a new Exchange Traded Fund (ETF) called the Nifty MidSmallcap400 Momentum Quality 100 ETF. This ETF offers investors a unique opportunity to gain exposure to high-growth potential mid-cap and small-cap companies in India.

The New Fund Offer (NFO) for the Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF opened on 6 May 2024 and closes on 17 May 2024. The scheme will reopen for continuous purchase and redemption on 23 May 2024. The ETF is managed by Ekta Gala and Vishal Singh.

The key feature of this ETF is its focus on investing in mid-cap and small-cap stocks selected based on a combination of two factors: momentum and quality. The ETF targets companies with strong financials (quality) and recent positive stock price movement (momentum). Historically, this strategy has led to a better return-to-risk ratio compared to traditional ETFs that focus solely on market capitalization within the mid-cap and small-cap segments.

The ETF tracks the Nifty MidSmallcap400 Momentum Quality 100 Index, which boasts a strong track record over the past 15 years. The index has delivered a 26.5% Compound Annual Growth Rate (CAGR) over 15 years, outperforming both the Nifty MidSmallcap400 Index (by 4.9% with lower risk) and the benchmark Nifty 50 Index (by 10.9% on a CAGR basis). Additionally, the index has outperformed a significant portion of actively managed mid-cap funds (regular plan) in the last year and 10 years, at 86% and 100% respectively.

OLD BRIDGE Mutual Fund Announces Appointment of Key Personnel
16-May-2024 ( 11:56 )
OLD BRIDGE Mutual Fund has announced that Mr. Pawan Rathi has been appointed as an Investor Relation Officer (IRO) on the Board of OLD BRIDGE Asset Management Company Limited with effect from 14th May 2024.

Details of Mr. Pawan Rathi

Age: 35 years

Designation: AVP Operations & Investor Service - Investor Relation Officer

Qualification: B.Com, Jai Narain Vyas University (Jodhpur)

Mr. Manish Bhojraj ceases to be the Investor Relation Officer and ceases to be a Key Personnel of OBAMPL with effect from closing business hours of Monday, May 13, 2024.

Baroda BNP Paribas Mutual Fund Announces change in Registered Office Address
15-May-2024 ( 12:34 )
Baroda BNP Paribas Mutual Fund announced that the following changes made to the new address of Baroda BNP Paribas AMC, with effect from 21 May 2024.

Change in Registered Office:

Existing Address New Address
Crescenzo, 7(th) Floor, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051.
201(A) 2nd Floor, A wing, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051

PGIM India Mutual Fund Announces Monthly Income Distribution cum Capital Withdrawal (IDCW) under its schemes
15-May-2024 ( 09:32 )
PGIM India Mutual Fund has announced 17 May 2024 as the record date for declaration of IDCW under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:

PGIM India Hybrid Equity Fund:

Regular Plan ? Monthly IDCW Option: 0.1733

Direct Plan ? Monthly IDCW Option: 0.1896

PGIM India Equity Savings Fund:

Regular Plan ? Monthly IDCW Option: 0.0723

Direct Plan ? Monthly IDCW Option: 0.0785

Bajaj Finserv Nifty 1D Rate Liquid ETF Announces Extension of NFO period
15-May-2024 ( 12:19 )
Bajaj Finserv Mutual Fund has announced that theclosing date of New Fund Offer(NFO) of Bajaj Finserv Liquid ETF, an open ended Exchange Traded Fund tracking Nifty 1D Rate Index with Relatively Low Interest Rate Risk and Relatively Low Credit Risk, has been modified and accordingly the revised NFO closing date is as follows:

Name of the Scheme Existing closing date of NFO Revised closing date of NFO
Bajaj Finserv Nifty 1D Rate Liquid ETF 16-May-2024 27-May-2024

Tata Mutual Fund Announces merger of Tata Banking & PSU Debt Fund Merger into Tata Corporate Bond Fund
14-May-2024 ( 11:59 )
Tata Mutual Fund has approved the merger of Tata Banking & PSU Debt Fund Merger into Tata Corporate Bond Fund, with effect from 15 June 2024.

DSP Mutual Fund Announces Income Distribution cum Capital Withdrawal (IDCW)
14-May-2024 ( 09:20 )
DSP Mutual Fund has announced 16 May 2024 as the record date for declaration of IDCW under the following scheme. The proposed IDCW on the face value of Rs 10 per unit will be:

DSP ELSS Tax Saver Fund - Regular Plan ? IDCW Option: 0.580

DSP ELSS Tax Saver Fund - Direct Plan ? IDCW Option: 0.580

Navi Conservative Hybrid Fund Announces change in Exit Load Structure
14-May-2024 ( 12:20 )
Navi Mutual Fund has announced that, there is revision in the exit load structure of Navi Conservative Hybrid Fund, with effect from May 14, 2024 (?effective date?).

Change in Exit Load:

Name of the Scheme Existing Exit Load Revised Exit Load
Navi Conservative Hybrid Fund 15% of the units allotted shall be redeemed without any Exit Load on or before completion of 365 days from the date of allotment of units. Any redemption in excess of such limit within 365 days from the date of allotment shall be subject to the following Exit Load: -

i) If redeemed or switched out on or before completion of 365 days from the date of allotment of units ? 1.00%.

ii) If redeemed or switched out after completion of 365 days from the date of allotment of units ? NIL.

NIL

AXIS MF Announces change in fund manager under its schemes
13-May-2024 ( 14:18 )
AXIS Mutual Fund has announced change in fund manager under the following schemes, with effect from May 13, 2024.

Change in Fund Management Responsibilities:

Name of Scheme(s) Existing Fund Manager(s) Fund Manager(s) with effect from February 01, 2024
Axis Small Cap Fund Mr. Shreyash Devalkar, Mr. Mayank Hyanki & Ms. Krishnaa N (for Foreign Securities) Mr. Tejas Sheth, Mr. Mayank Hyanki & Ms. Krishnaa N (for Foreign Securities)
Axis Equity Saver Fund Mr. Jayesh Sundar, Mr. Hitesh Das, Mr. Devang Shah & Mr. Hardik Shah Mr. Mayank Hyanki, Mr. Hitesh Das, Mr. Devang Shah & Mr. Hardik Shah

NJ Arbitrage Fund Announces change in Exit Load Structure
13-May-2024 ( 14:41 )
NJ Mutual Fund has announced that the exit load of NJ Arbitrage Fund will be revised as under with effect from May 06, 2024:

Change in Exit Load:

Name of the Scheme Existing Exit Load Structure Revised Exit Load Structure
NJ Arbitrage Fund 1.NIL Exitload? for 5% ofthe units upto completion of30 days
The ?First In First Out (FIFO)? logic will be applied while selecting the units for redemption.
Waiver of Exit load is calculated for each inflow transaction separately on FIFO basis and not on the total units through multiple inflows.
The load free units from purchases made subsequentto the initial purchase will be available only after redeem ing allunits from the initial purchase.

2.All units redeemed /switched-out in excess ofthe 5% load free units will be subject to the below mentioned exitload.
1.00% - if Units are redeemed /switched-out on or before 30 days from the date of allotment
Nil- if redeemed after 30 days from the date of allotment.

Nil

ICICI Prudential MF Announces change fund manager under its scheme
11-May-2024 ( 12:52 )
ICICI Prudential Mutual Fund has announced change in fund manager under the following schemes, with effect from May 13, 2024.

Change in Fund Management Responsibilities:

Name of the Scheme Existing Fund Managers Revised Fund Managers
ICICI Prudential Income Optimizer Fund (FOF) ? Mr. Dharmesh Kakkad
? Mr. Manish Banthia
? Mr. Ritesh Lunawat 		? Mr. Dharmesh Kakkad
? Mr. Manish Banthia
? Mr. Ritesh Lunawat
? Ms. Sharmila D'mello
ICICI Prudential Passive Strategy Fund (FOF) ? Mr. Sankaran Naren
? Mr. Dharmesh Kakkad 		? Mr. Sankaran Naren
? Mr. Dharmesh Kakkad
? Ms. Sharmila D'mello
ICICI Prudential Passive Multi-Asset Fund of Funds ? Mr. Sankaran Naren
? Mr. Manish Banthia
? Mr. Ritesh Lunawat
? Mr. Dharmesh Kakkad
? Mr. Nishit Patel
? Ms. Sharmila D'mello 		? Mr. Sankaran Naren
? Mr. Manish Banthia
? Mr. Ritesh Lunawat
? Mr. Dharmesh Kakkad
? Mr. Nishit Patel
? Ms. Sharmila D'mello
ICICI Prudential Global Advantage Fund (FOF) ? Mr. Sankaran Naren
? Mr. Dharmesh Kakkad 		? Mr. Sankaran Naren
? Mr. Dharmesh Kakkad
? Ms. Sharmila D'mello
ICICI Prudential India Equity FOF ? Mr. Dharmesh Kakkad ? Mr. Dharmesh Kakkad
? Ms. Sharmila D'mello
ICICI Prudential Multi-Asset Fund ? Mr. Sankaran Naren
? Mr. Ihab Dalwai
? Mr. Manish Banthia
? Mr. Gaurav Chikane
? Mr. Akhil Kakkar
? Ms. Sri Sharma
? Ms. Sharmila D'mello 		? Mr. Sankaran Naren
? Mr. Ihab Dalwai
? Mr. Manish Banthia
? Mr. Gaurav Chikane
? Mr. Akhil Kakkar
? Ms. Sri Sharma
? Ms. Sharmila D'mello
ICICI Prudential Equity & Debt fund ? Mr. Sankaran Naren
? Mr. Mittul Kalawadia
? Mr. Manish Banthia
? Mr. Akhil Kakkar
? Ms. Sri Sharma
? Ms. Sharmila D'mello 		? Mr. Sankaran Naren
? Mr. Mittul Kalawadia
? Mr. Manish Banthia
? Mr. Akhil Kakkar
? Ms. Sri Sharma
? Ms. Sharmila D'mello

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

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