Mutual Funds Sahi Hai!
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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 name of Benchmark of WhiteOak Capital Multi Asset Allocation Fund
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
For exit after 12 months from the date of allotment - Nil
For exit after 3 months from the date of allotment - Nil
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