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HDFC Mutual Fund has launched HDFC Dividend Yield Fund, an open-ended equity fund that will invest predominantly in stocks of dividend yielding companies. The scheme will look to invest in companies with a consistent track record of paying dividends at the time of investment and companies with a dividend yield higher than Nifty 50 index. The scheme will be market cap and sector agnostic.

Mirae Asset Investment Managers India announced the launch of the Mirae Asset Banking & Financial Services Fund on Thursday. The new fund offer or NFO of the open-ended equity scheme investing in the Banking and Financial Services sector will open for subscription on November 25, and will close on December 4.

Over the past couple of years, many investors have diversified globally by investing in international equities – mainly through mutual fund schemes offered by domestic houses. The number of investor accounts in global funds has increased manifold.

Mirae Asset Mutual Fund has revised the exit load under Mirae Asset Equity Allocator Fund of Fund, from Nil to 0.05% redemption within 5 days with effect from November 25, 2020.

While the domestic equity market has progressed and developed immensely over the last few decades and the rise in retail investors was a welcome change, there is still a lot more to be done, said Navneet Munot, chief investment officer at SBI Mutual Fund.

Market vateran Nilesh Shah says foreign inflows in November might exceed the total inflows that domestic equities market had witnessed in the previous two calendar years.

Franklin Templeton Mutual Fund has approached the Supreme Court to seek clarity on aspects of the Karnataka High Court order on the closure of its six debt schemes.

We think the economy-linked sectors may experience strong earnings growth in the near term as the economy recovers, Vinay Paharia, Chief Investment Officer, Union Asset Management Company said in an interview with Moneycontrol’s Kshitij Anand.

At a time when many funds have found it difficult to beat their respective benchmarks, PGIM India Diversified Equity (a multi-cap scheme) and PGIM India Midcap Opportunities have outperformed their respective categories and benchmarks over the last one year. We speak to Aniruddha Naha, Senior Fund Manager, PGIM India Mutual Fund (and the fund manager of both these funds), to understand what has helped him outperform.

Principal Mutual Fund has decided to merge it's three schemes Principal Retirement Savings Fund Conservative Plan, Principal Retirement Savings Fund Moderate Plan, Principal Retirement Savings Fund Progressive Plan with Principal Hybrid Equity Fund. This merger will be effective from December 28, 2020.

Union AMC has announced the launch of Union Hybrid Equity Fund, an open-ended hybrid scheme investing predominantly in equity and equity-related instruments. The scheme will invest a minimum 65% in equity and a maximum 35% in debt instruments. The minimum investment required is Rs 5,000 and in multiples of Re 1 thereafter.

Motilal Oswal Asset Management Company has announced the launch of Motilal Oswal 5 Year G-sec ETF. After launching an array of passive funds, this ETF by Motilal Oswal AMC is the first ETF in the 5-year g sec category. The NFO will be open on November 23, 2020 and shall close on December 2, 2020.

Aditya Birla Sun Life Equity (ABEF) is one of the oldest equity funds of the asset management company (AMC). Rolled out in 1998, ABEF’s size is now close to Rs 11,000 crore, but still packs a punch. It’s also the fund house’s third largest equity scheme.

IDFC Mutual Fund has extended the maturity of IDFC Equity Opportunity Series 4 by 2 years. Subsequent to the roll over the scheme shall mature on January 04, 2023. The existing maturity date of the scheme is January 04, 2021.

Kotak Mahindra Asset Management Company has launched Kotak ESG Opportunities Fund. The fund will focus on Environmental, Social and Governance (ESG) factors and the Principles for Responsible Investing (PRI), a press release from the fund house said.