Mutual fund news: Mutual funds were net buyers in 68% or 34 Nifty stocks and reduced holding in 32% (16 stocks) in July
UTI Focused Equity Fund will identify stocks from the bottom-up approach and will invest in both growth and value stocks
Nippon India Mutual Fund (NIMF) recently launched Nippon India Flexi Cap Fund- an open-ended dynamic equity scheme investing across market caps
The flexicap category is the second-largest equity mutual fund category after largecap funds.
Mirae Asset Nifty Financial services ETF will have exposure to 20 companies that represents various segments of the financial services sector
The distinction between the two types of funds is one of flexibility and the simplicity with which fund units may be sold and purchased
Even though sectoral funds are considered risky, what works in favour of FMCG sector is that the demand always exists
Flipkart co-founder Sachin Bansal owned Navi Mutual Fund raised Rs 100 crore through NFO from 17,000 investors for its Navi Nifty 50 Index Fund
The NFO will be available for subscription between July 20 and August 3, 2021
The new fund offer by Tata Mutual Fund opens on 16th July 2021 and closes on 30th July 2021