Investing in mutual funds has grow to be increasingly more well-liked via the years. If you want to develop your money, be sure that to position it in long-term mutual funds. Let’s try the very best 4 developments in a single week that MF consumers ought to know
HDFC Mutual Fund talked about that the deadline of the New Fund Offering (NFO) of its first defence sector fund in India, the HDFC Defence Fund (HDF) has been shifted to an earlier date from June 2 to May 30. The NFO was launched on May 19. Via the NFO, HDF targets to take a place a minimal of 80 p.c of the corpus in shares of defence and allied sector firms.
Kotak Mutual Fund launches Kotak NIFTY 200 Momentum 30 Index Fund
Kotak Mahindra Mutual Fund has launched Kotak NIFTY 200 Momentum 30 Index Fund, an open-ended scheme replicating/ monitoring the Nifty 200 Momentum 30 Index. The new fund present of the scheme is open for subscription and may shut on June 8.
UTI Mutual Fund launches UTI S&P BSE Housing Index Fund
UTI Mutual Fund has launched UTI S&P BSE Housing Index Fund, an open-ended scheme replicating/monitoring S&P BSE Housing Total Return Index (TRI). The new fund present of the scheme is open for subscription and may shut on June 5. The scheme will open for purchase and redemption inside 5 enterprise days from the date of allotment.
UTI Mutual Fund launches UTI Nifty50 Equal Weight Index Fund
UTI Mutual Fund has launched UTI Nifty50 Equal Weight Index Fund, an open-ended scheme replicating/monitoring NIFTY50 Equal Weight Total Return Index (TRI). The new fund present of the scheme is open for subscription and may shut on June 5. The scheme will open for purchase and redemption inside 5 enterprise days from the date of allotment. The effectivity of the scheme will most likely be benchmarked in the direction of NIFTY50 Equal Weight TRI.
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Updated: 30 May 2023, 02:08 PM IST
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