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Axis Mutual Fund, the seventh largest fund house, is looking to raise at least Rs 50 crore from a new fund offer during the primary subscription period of March 22-April 5. The open-ended S&P 500 ETF fund of funds will invest in exchange-traded funds replicating the S&P 500 index.

HDFC Mutual Fund has launched HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund, an open-ended target maturity scheme with a relatively high interest rate risk and relatively low credit risk.

HDFC Mutual Fund has launched HDFC NIFTY SDL Plus G-Sec Jun 2027 40:60 Index Fund, an open-ended target maturity scheme with a relatively high interest rate risk and relatively low credit risk.

Edelweiss Mutual Fund will merge Bharat Bond ETF 2023 with Bharat Bond ETF 2025, the next scheme in the series. Along with this, the fund of funds (FoF) will also merge. Markets regulator Securities and Exchange Board of India (Sebi) has conveyed no objection to the proposal to merge the two schemes.

“I do not think there will be much impact of the SVB crisis in India. But yes, when an economy like the US is in trouble, it has an impact everywhere. It is impacting our equity market also but of course, equity markets-- it was always being said to be overvalued, and a trigger was required for the correction to happen. So, enough has happened. Whatever needed to happen and we have got fair valuations now. I think the future is quite bright from here,” says DP Singh, Deputy MD, ..

Mirae Asset Mutual Fund announced the launch of Mirae Asset Nifty 100 Low Volatility 30 ETF. The New Fund Offer (NFO) is open and it will close for subscription on March 21. The scheme reopens for continuous sale and repurchase on March 27.

ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Nifty PSU Bank ETF, an open-ended exchange traded fund tracking Nifty PSU Bank Index. The ETF will reflect the performance of 12 PSU bank companies which form a part of the index.

Kotak Mutual Fund today announced the launch of Kotak Silver ETF Fund of Fund, an open-ended fund of fund scheme that invests in units of the Kotak Silver ETF. The New Fund Offer is open for subscription and will close on March 27.

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.

Chandresh Nigam has stepped down as the managing director and chief executive officer of Axis Asset Management Company in its first top deck reshuffle following the capital markets regulator's probe into front running allegations against its former chief trader Viresh Joshi.

UTI Mutual Fund (UTI) has launched UTI Long Duration Fund, an open-ended debt scheme that will invest in debt and money market instruments with the portfolio Macaulay Duration is above seven years. The scheme will have a relatively high interest rate risk and relatively low credit risk.

We typically associate ‘quality’ with specific sectors such as consumer discretionary, staples, IT and pharma. Deep-cyclicals such as industrials and materials are considered anti-quality. Quality is evaluated by analysing trends in a company’s balance sheet in terms of debt to equity, free cash flow, return on assets (ROA), return on equity (ROE), etc. This is to ensure that the company is managed for the benefit of all shareholders and not just the largest shareholder and if the management is trying to enrich itself at the cost of other stakeholders.

Duggad is overweight on the sector given its underperformance in the last five years. He is betting on stocks like Mahindra &Mahindra, Tata Motors and Maruti Suzuki

Moderate risk takers eyeing steady incomes through equities should consider a small allocation to the new fund offer (NFO) of the SBI Dividend Yield Fund. Aggressive investors who primarily come to equities as an asset class for growth can skip the offer.

Valuations have moderated over the last 18 months, and have reached close to long-term averages. While being an election year, markets are likely to see elevated volatility.