Kotak Equity Savings Fund - Direct (G)

Details of Mr. Pradeep Sharma

Age: 52 years

Designation: capacity of Chief Financial Officer

Qualification:Chartered Accountant, Company Secretary

Change in Exit Load:

Change in Fund Managers of the Schemes:

ICICI Prudential Multi–Asset Fund:

Regular Plan – IDCW: 0.1600

Direct Plan – IDCW: 0.1600

ICICI Prudential Equity–Arbitrage Fund:

Regular Plan – IDCW: 0.0500

Direct Plan – IDCW: 0.0500

Change in Fund Managers of the Schemes:

Change in name of Benchmark of WhiteOak Capital Multi Asset Allocation Fund

Change in Fund Managers of the Schemes:

ICICI Prudential Balanced Advantage Fund:

Regular Plan – Monthly IDCW: 0.07

Direct Plan – Monthly IDCW: 0.07

ICICI Prudential Equity & Debt Fund:

Regular Plan – Monthly IDCW: 0.16

Direct Plan – Monthly IDCW: 0.16

Change in Exit Load:

Invesco India Balanced Advantage Fund – Regular IDCW Option & Direct IDCW Option: 0.15

Details of Mr. Mohit Bhatnagar

Age: 45 years

Designation: Senior Vice President - Sales

Qualification: B.com, PGDBM,

Axis Mutual Fund has launched a new open-ended equity scheme focused on India's burgeoning consumption sector. The Axis Consumption Fund is now open for subscription, offering investors the chance to capitalize on the country's growing consumer market. The new fund offer or NFO of the scheme will close on September 6.

The fund will be managed by Hitesh Das, Shreyash Devalkar, and Krishnaa Narayan. It aims to provide a diversified portfolio that reflects the broad spectrum of India's consumption-driven sectors, such as FMCG, auto, telecommunication, healthcare, realty, and more.

The fund's investment strategy will be focused on quality-focused investing, aiming to capture the emerging trends within the consumer story. By actively managing its portfolio, the fund seeks to provide long-term capital appreciation through investments in equity and equity-related securities of companies engaged in consumption and related sectors.

Investors can participate in the Axis Consumption Fund with a minimum investment of Rs 100 and in multiples of Re 1 thereafter. Minimum investment amount for monthly SIP is Rs 1,000 with minimum six installments. The fund will follow a bottom-up approach, carefully selecting stocks based on their individual merits and potential for growth within the consumption sector.

With its thematic focus and experienced management team, the Axis Consumption Fund presents a compelling opportunity for investors looking to benefit from India's expanding consumer market. By investing in this fund, investors can potentially gain exposure to the long-term growth drivers of the Indian economy and achieve substantial returns over time.

Bandhan Conservative Hybrid Fund:

Regular Plan – Monthly IDCW: 0.0726

Direct Plan – Monthly IDCW: 0.0818

Bandhan Equity Saving Fund:

Regular Plan – Monthly IDCW: 0.075

Direct Plan – Monthly IDCW: 0.082

Bandhan Arbitrage Fund:

Regular Plan – Monthly IDCW: 0.0670

Direct Plan – Monthly IDCW: 0.0710

Deepak Shenoy, chief executive officer of Capitalmind, commented on the approval: "We are excited to introduce innovative investing approaches tailored to the evolving needs of Indian mutual fund investors. Our goal is to serve the rapidly growing cohort of 4.5 crore mutual fund investors with exceptional products and services while contributing to the growth of the overall Mutual Fund Industry. We look forward to playing a key role in the financialization of India by adding value to the rapidly growing Rs 64 lakh crore mutual fund industry."

Capitalmind's journey began as a humble blog, where Deepak Shenoy shared his insights on investing and personal finance. The blog evolved into a thriving community, offering equity research, model portfolios, and other valuable resources. In 2017, Capitalmind launched its PMS, followed by an Alternative Investment Fund (AIF) in 2024.

"The trifecta of increased investor participation, inflows from active investors, and a booming economy provides strong growth tailwinds to the mutual fund industry," added Shenoy.

As of March 31, 2024, India boasts a staggering 74.6 crore PAN card holders, yet only 4.5 crore unique mutual fund investors, indicating significant untapped potential. The industry has demonstrated rapid growth, with assets under management (AUM) increasing at a 24% compounded annual growth rate (CAGR) over the past five years.

Capitalmind joins a growing list of asset management companies based in Bengaluru, including Zerodha Fund House, Groww Mutual Fund, and Navi Mutual Fund. The Indian mutual fund industry is highly competitive, with 43 players and more vying to enter the space, managing a total of Rs 65 trillion in assets.

DSP Equity & Bond Fund - Regular Plan – IDCW & Direct Plan – IDCW: 0.200 each.

HDFC Balanced Advantage Fund:

Regular Plan – IDCW: 0.250

Direct Plan – IDCW: 0.250

Regular Plan – Monthly IDCW Option: Rs 0.0712

Direct Plan – Monthly IDCW Option: Rs 0.0807

HSBC Aggressive Hybrid Fund:

Regular Plan – IDCW: 0.210

Direct Plan – IDCW: 0.240

HSBC Balanced Advantage Fund:

Regular Plan – IDCW: 0.130

Direct Plan – IDCW: 0.150

HSBC Midcap Fund:

Regular Plan – IDCW: 7.500

Direct Plan – IDCW: 7.500

HSBC Business Cycle Fund:

Regular Plan – IDCW: 0.2500

Direct Plan – IDCW: 0.2500

Change in Fund Managers of the Schemes: