In a best-practices circular released on Tuesday, the Association of Mutual Funds in (AMFI) India said distributors can now earn trail commission on assets under management (AUM) switched to them by investors. Previously, AMCs withheld this commission to discourage unhealthy competition among distributors. However, the industry body has stipulated a cooling-off period of six months. …
Axis Mutual Fund announced the launch of the Axis India Manufacturing Fund, an open-ended equity scheme representing the Indian manufacturing theme. The scheme opened for public subscription on December 01, 2023, and will close on December 15, 2023. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment. …
WhiteOak Mutual Fund announced the launch of the WhiteOak Capital Large & Mid Cap Fund, an open-ended equity scheme investing in both large-cap and mid-cap stocks. The scheme opened for public subscription on December 01, 2023, and will close on December 15, 2023. The scheme re-opens for continuous sale and repurchase within five business days …
Edelweiss Mutual Fund announced the launch of the Edelweiss Gold ETF, an open-ended exchange-traded fund replicating/tracking the domestic prices of gold. The scheme opened for public subscription on November 02, 2023, and will close on November 06, 2023. The scheme re-opens for continuous sale and repurchase not later than November 10, 2023. What kind of …
Helios Mutual Fund announced the launch of Helios Flexicap Fund, an open-ended dynamic equity scheme investing across large-cap, mid-cap, and small-cap stocks. The scheme opens for public subscription on October 23, 2023, and will close on November 06, 2023. The scheme re-opens on November 15, 2023. What kind of mutual fund scheme is this? This …
I am a 41-year-old PSU bank employee drawing a gross pay of ₹1.8 lakh per month. I live in a company leased accommodation and receive perks of approximately ₹30,000 per month. My family includes my spouse (also employed at a similar level), our 13-year-old son and my parents (both above 65 years with no source …