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Kotak Equity Arbitrage Fund announces Income Distribution cum capital withdrawal (IDCW)
21-Nov-2024 ( 09:32 )
Kotak Mahindra Mutual Fund has announced 25 November 2024 as the record date for declaration of Income Distribution cum capital withdrawal (IDCW) under the monthly IDCW option of Kotak Equity Arbitrage Fund. The amount of IDCW on the face value of Rs 10 per unit will be:

Regular Plan ' Monthly IDCW Option: Rs 0.0678

Direct Plan ' Monthly IDCW Option: Rs 0.0759

HDFC MF announces Income Distribution cum capital withdrawal (IDCW) under its scheme
21-Nov-2024 ( 09:41 )
HDFC Mutual Fund has announced 25 November 2024 as the record date for declaration of IDCW in the following schemes. The proposed IDCW on the face value of Rs 10 per unit will be:

HDFC Balanced Advantage Fund:

Regular Plan ' IDCW: 0.250

Direct Plan ' IDCW: 0.250

Axis MF announces Income Distribution cum capital withdrawal (IDCW) under Four schemes
21-Nov-2024 ( 10:13 )
Axis Mutual Fund has announced 25 November 2024 as the record date for the declaration of Income Distribution cum capital withdrawal (IDCW) on the face value of Rs 10 per unit under the following schemes. The amount of IDCW (Rs per unit) will be:

Axis Arbitrage Fund - Regular Plan - Monthly IDCW Option: 0.05

Axis Arbitrage Fund - Direct Plan - Monthly IDCW Option: 0.05

Axis Equity Savings Fund - Regular Plan - Monthly IDCW Option: 0.09

Axis Equity Savings Fund - Direct Plan - Monthly IDCW Option: 0.09

Axis Equity Hybrid Fund - Regular Plan - Monthly IDCW Option: 0.10

Axis Equity Hybrid Fund - Direct Plan - Monthly IDCW Option: 0.10

Axis Multi Asset Allocation Fund - Regular Plan - Monthly IDCW Option: 0.15

Axis Multi Asset Allocation Fund - Direct Plan - Monthly IDCW Option: 0.15

Aditya Birla MF announces Income Distribution cum capital withdrawal (IDCW) under its schemes
19-Nov-2024 ( 10:47 )
Aditya Birla Sun Life Mutual Fund has announced 22 November 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) under the following schemes. The quantum of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:

Aditya Birla Sun Life Arbitrage Fund:

Regular Plan ' IDCW Option: 0.065

Direct Plan ' IDCW Option: 0.067

Aditya Birla Sun Life Flexi Cap Fund:

Regular Plan ' IDCW Option: 11.562

Direct Plan ' IDCW Option: 16.244

Aditya Birla Sun Life Balanced Advantage Fund:

Regular Plan ' IDCW Option: 0.152

Direct Plan ' IDCW Option: 0.172

Aditya Birla Sun Life Business Cycle Fund:

Regular Plan ' IDCW Option: 1.018

Direct Plan ' IDCW Option: 1.061

Aditya Birla Sun Life Manufacturing Equity Fund:

Regular Plan ' IDCW Option: 1.495

Direct Plan ' IDCW Option: 1.624

Aditya Birla Sun Life Midcap Fund:

Regular Plan ' IDCW Option: 4.201

Direct Plan ' IDCW Option: 7.129

ITI MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
19-Nov-2024 ( 09:27 )
ITI Mutual Fund has announced 22 November 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:

ITI Balanced Advantage Fund:

Regular Plan ' IDCW: 0.10

Direct Plan ' IDCW: 0.10

HDFC MF announces Income Distribution cum Capital Withdrawal (IDCW) under two schemes
18-Nov-2024 ( 09:37 )
HDFC Mutual Fund has announced 21 November 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 & monthly IDCW option and direct plan IDCW & monthly IDCW option of HDFC Arbitrage Fund. The amount of distribution (Rs per unit) will be:

HDFC Arbitrage Fund ' Wholesale Plan ' Regular Plan ' Normal IDCW Option (Payout & Reinvestment): 0.050

HDFC Arbitrage Fund ' Wholesale Plan ' Direct Plan ' Normal IDCW Option (Payout & Reinvestment): 0.050

HDFC Arbitrage Fund ' Wholesale Plan ' Regular Plan ' Monthly IDCW Option (Payout & Reinvestment): 0.050

HDFC Arbitrage Fund ' Wholesale Plan ' Direct Plan ' Monthly IDCW Option (Payout & Reinvestment): 0.050

HDFC MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
18-Nov-2024 ( 10:31 )
HDFC Mutual Fund has announced 21 November 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:

HDFC Charity Fund for Cancer Cure - Regular (50% IDCW Donation Option) : 0.3762

HDFC Charity Fund for Cancer Cure - Direct (50% IDCW Donation Option) : 0.3761

HDFC Charity Fund for Cancer Cure - Regular (75% IDCW Donation Option) : 0.3762

HDFC Charity Fund for Cancer Cure - Direct (75% IDCW Donation Option) : 0.3761

Bandhan Mutual Fund announced Temporary suspended of Bandhan US Equity Fund of Fund.
14-Nov-2024 ( 17:24 )
Bandhan Mutual Fund announced that the ongoing subscription in all the Plans & Option of Bandhan US Equity Fund of Fund will be temporarily suspended with effect from November 13, 2024.

PGIM Mutual Fund announces change in Key Personnel
14-Nov-2024 ( 10:29 )
PGIM Mutual Fund has announced that Mr. Shailesh Puthran has been appointed as a Head of Operations on the Board of PGIM Management Company Ltd. effective November 07, 2024.

Details of Mr. Shailesh Puthran

Age: 51 years

Designation: Head of Operations

Qualification: Chartered Accountant

ITI MF announces change in Fund Manager of the following schemes
14-Nov-2024 ( 10:21 )
ITI Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 15 November 2024

Change in Fund Managers of the Schemes:

Scheme Name Existing Fund Manager(s) New Fund Manager(s)
ITI Ultra Short Duration Fund Mr. Vikrant Mehta Mr. Rajesh Bhatia
ITI Banking & PSU Debt Fund Mr. Vikrant Mehta Mr. Rajesh Bhatia
ITI Dynamic Bond Fund Mr. Vikrant Mehta Mr. Rajesh Bhatia
ITI Overnight Fund Mr. Vikrant Mehta Mr. Rajesh Bhatia
ITI Liquid Fund Mr. Vikrant Mehta Mr. Rajesh Bhatia
ITI Balanced Advantage Fund Mr. Rajesh Bhatia, Mr. Vishal Jajoo and Mr. Vikrant Mehta Mr. Rajesh Bhatia and Mr. Vishal Jajoo and Mr. Rohan Korde
ITI Arbitrage Fund Mr. Vikrant Mehta and Mr. Vikas Nathani Mr. Rajesh Bhatia Mr. Vikas Nathani and Mr. Rohan Korde

Tata MF launches Tata India Innovation Fund
13-Nov-2024 ( 14:52 )
Tata Mutual Fund has launched a new thematic fund, the Tata India Innovation Fund. This open-ended scheme aims to capitalize on the potential of innovation-driven companies by investing in equity and equity-related instruments.

The fund will employ an active management approach, focusing on a bottom-up stock selection process. The fund managers, Meeta Shetty and Kapil Malhotra, will seek to identify companies that are at the forefront of innovation, both in terms of breakthrough and incremental advancements.

The fund's investment universe will encompass companies across various market capitalizations and sectors that are innovating in products, services, and business models. The fund will adhere to a Growth at Reasonable Price (GARP) philosophy, aiming to balance growth potential with valuation considerations.

The Tata India Innovation Fund is categorized as a high-risk investment. It is suitable for investors with a very high-risk appetite and a long-term investment horizon of 5 to 7 years.

The NFO is open for subscription from November 11 to November 25, 2024. The minimum investment amount is Rs 500. Investors can choose from Regular Plan, Direct Plan, Growth, and Income options. The fund's benchmark is the NIFTY 500 TRI.

While the fund aims to provide long-term capital appreciation, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

PGIM India Mutual Fund announces Monthly Income Distribution cum Capital Withdrawal (IDCW) under its schemes
13-Nov-2024 ( 09:29 )
PGIM India Mutual Fund has announced 15 November 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 Arbitrage Fund:

Regular Plan ' Monthly IDCW Option: 0.0810

Direct Plan ' Monthly IDCW Option: 0.0817

PGIM India Hybrid Equity Fund:

Regular Plan ' Monthly IDCW Option: 0.1766

Direct Plan ' Monthly IDCW Option: 0.1948

PGIM India Equity Savings Fund:

Regular Plan ' Monthly IDCW Option: 0.0717

Direct Plan ' Monthly IDCW Option: 0.0782

ITI Mutual Fund Announces Resignation of Key Personnel
13-Nov-2024 ( 11:05 )
ITI Mutual Fund has announced that Mr. Siddhesh Parab, has resigned from the post of Dealer - Equity of ITI Asset Management Private Limited with effect from 11 November 2024.

ICICI Prudential MF announces Income Distribution cum Capital Withdrawal (IDCW) under three schemes
12-Nov-2024 ( 09:52 )
ICICI Prudential Mutual Fund has announced 14 November 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 Smallcap Fund:

Regular Plan ' IDCW: 3.15

Direct Plan ' IDCW: 3.15

ICICI Prudential Midcap Fund:

Regular Plan ' IDCW: 3.50

Direct Plan ' IDCW: 3.50

ICICI Prudential Large & Midcap Fund:

Regular Plan ' IDCW: 2.70

Direct Plan ' IDCW: 2.70

Sundaram MF announces Income Distribution cum capital withdrawal (IDCW) under two schemes
12-Nov-2024 ( 09:37 )
Sundaram Mutual Fund has announced 14 November 2024 as the record date for the declaration of Income Distribution cum capital withdrawal (IDCW) on the face value of Rs 10 per unit under the following schemes. The amount of IDCW (Rs per unit) will be:

Sundaram Aggressive Hybrid Fund - Regular Plan-Monthly-IDCW Option: 0.250

Sundaram Aggressive Hybrid Fund - Direct Plan-Monthly-IDCW Option: 0.350

Sundaram Balanced Advantage Fund - Regular Plan-Monthly-IDCW Option: 0.115

Sundaram Balanced Advantage Fund - Direct Plan-Monthly-IDCW Option: 0.140

DSP Mutual Fund announces Income Distribution cum Capital Withdrawal (IDCW)
12-Nov-2024 ( 09:28 )
DSP Mutual Fund has announced 14 November 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: 0.640

DSP ELSS Tax Saver Fund - Direct Plan ' IDCW Option: 0.640

Nippon India Balanced Advantage Fund announces Income Distribution cum Capital Withdrawal (IDCW)
12-Nov-2024 ( 09:59 )
Nippon India Mutual Fund has announced 14 November 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.

Samco Arbitrage Fund announces Extension of NFO period
12-Nov-2024 ( 10:31 )
Samco Mutual Fund has announced that New Fund Offer (NFO) Period of the Scheme has been modified as follows:

Name of the Scheme Existing closing date of NFO Revised closing date of NFO
Samco Arbitrage Fund 20 November 2024 21 November 2024

Mutual fund inflows increase in October
11-Nov-2024 ( 15:11 )
Indian equity mutual funds witnessed a jump in inflows during October 2024, buoyed by increased investor confidence across various fund categories.

According to data released by the Association of Mutual Funds in India (AMFI), total equity mutual fund inflows rose by 21.7% to Rs 41,886.69 crore in October, compared to Rs 34,419.26 crore in the previous month.

Large-cap funds saw inflows more than double, rising to Rs 3,452.34 crore from Rs 1,769.42 crore in the previous month. Mid-cap funds recorded an inflow of Rs 4,682.90 crore, up from Rs 3,130.42 crore in September. Small cap funds attracted Rs 3,772 crore, increasing from Rs 3,071 crore last month. Sectoral and thematic funds saw a slight dip, drawing in Rs 12,278.8 crore compared to Rs 13,255 crore in September.

In tax-saving options, Equity Linked Savings Schemes (ELSS) returned to net inflows, with investments totaling Rs 383.36 crore in October after a previous month's outflow of Rs 348.80 crore.

Inflows in hybrid funds reached Rs 16,863.30 crore, up from just Rs 4,901 crore the previous month.

Fixed income categories saw notable movements, with liquid funds rebounding to record inflows of Rs 83,863.3 crore, a reversal from the previous month's large outflow of Rs 72,666 crore. Credit risk funds continued to experience outflows, although these were slightly reduced to Rs 357.8 crore, down from Rs 484 crore in September. Corporate bond funds maintained steady inflows, collecting Rs 4,644.40 crore compared to Rs 5,039 crore the prior month.

The inflow into Exchange-Traded Funds (ETFs) reached Rs 13,441.82 crore from just Rs 381 crore in September. Index funds saw inflows of Rs 7,931.01 crore as against an inflow of Rs 1,960.29 in September. Gold ETFs witnessed net investments of Rs 1,961.57 crore compared with an inflow of Rs 1,232.99 crore in the previous month.

Inflows into New Fund Offers (NFOs) fell sharply to Rs 6,078 crore, down from Rs 14,575 crore in September.

Overall, the total assets under management (AUM) across mutual funds increased slightly to Rs 67,25,614.61 crore in October, up from Rs 67,09,259.24 crore in September.

Samco Mutual Fund announces change in Exit Load Structure
11-Nov-2024 ( 11:12 )
Samco Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 11 November 2024

Change in Exit Load:

Name of the Scheme Existing Exit Load Revised Exit Load
Samco Arbitrage Fund ' 0.25% if the investment is redeemed or switched out on or before 30 days before the date of allotment of units.
' No Exit load will be charged if investment is redeemed or switched out after 30 days from the date of allotment of units. 		' 0.25% if the investment is redeemed or switched out on or before 7 days before the date of allotment of units.
' No Exit load will be charged if investment is redeemed or switched out after 7 days from the date of allotment of units.

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