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Two large mutual fund houses- ICICI Prudential Mutual Fund and Aditya Birla Sun Life Mutual Fund- have launched PSU Bond Index Funds. Both the schemes are target maturity index funds. A target maturity fund has a specified maturity date that aligns with the maturity date of the bonds it has in its portfolio.

Edelweiss Asset Management (EAML), in a move to significantly strengthen its long-only equity mutual funds investment team, has announced the appointment of Trideep Bhattacharya as CO–CIO (chief investment officer) – equities, said a statement issued today.

Aditya Birla Sun Life AMC Limited has launched Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund. It is an open-ended scheme tracking the Nifty SDL Plus PSU Bond Sep 2026 60:40 Index. The NFO opened on September 15, 2021. It will close on September 23, 2021.

We believe this is a market where every correction is an opportunity to buy. So maintain your asset allocation and stay invested for the longer term. Markets will go up and down. You do not have a choice just ignore the near term volatilities for longer term boom, says Nilesh Shah, MD, Kotak AMC.

The mutual fund (MF) industry has built a monthly SIP book of close to Rs 10,000 crore. Systematic investment plans (SIPs) have become quite popular among MF investors wanting to build a large investment corpus by following a gradual and disciplined process.

Adding another fund to its bouquet, Kotak Mutual Fund launched a multi-cap fund on September 8, 2021. The fund will invest a minimum of 25 per cent each across the large-, mid- and small-cap companies, while the remaining 25 per cent will be allocated dynamically across these market caps through a proprietary model developed by the firm.

Axis Mutual Fund came out with a new fund offer (NFO) on September 02, 2021 in the value-fund space. The scheme will be managed by Jinesh Gopani and benchmarked against the S&P BSE 200 TRI. The NFO will close for subscription on September 16, 2021.

Axis Mutual Fund has launched a value fund. The new fund offer (NFO) of Axis Value Fund opened on September 2 and will close for subscription on September 16. Jinesh Gopani will manage the scheme.

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

ICICI Prudential Mutual Fund came out with a new fund offer (NFO) on September 01, 2021, in the smart beta-index-fund space. Smart beta is a fusion of active and passive investing strategies wherein an index is altered by deleting or knocking off something based on one or more fundamental, technical or other filters.

Shibani Kurian, Head – equity research at Kotak Mahindra Asset Management Company advises new-age investors to be disciplined while investing in the markets, do a full research on the assets they are getting into and have patience.

Domestic mutual fund investors could soon get an opportunity to invest in a global product that bets on companies involved in blockchain technology.

Kotak Mutual Fund is rolling out a new multi-cap scheme. It already runs the largest flexicap fund. The new scheme will invest in companies across market capitalization.

HSBC Mutual Fund, on Monday, launched a new fund offer (NFO) for a Midcap fund. While it will predominantly invest in the mid-cap segment, it may add a flavour of small caps to generate alpha.

Mutual fund schemes investing in overseas equity have been attracting a lot of investor interest of late. In response, AMCs have been coming up with funds investing overseas. The latest in line is the Mirae Asset S&P 500 Top 50 ETF and its fund-of-fund (FoF) variant. These funds will track the performance of the S&P 500 Top 50 index.