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Groww Mutual Fund announced the launch of the Groww Nifty Non-Cyclical Consumer Index Fund. The scheme opened for public subscription on May 02, 2024, and will close on May 16, 2024.

Axis Mutual Fund announced the launch of the Axis Nifty Bank Index Fund. The scheme opened for public subscription on May 03, 2024, and will close on May 17, 2024.

The NFO is expected to go live in the first week of May. The fund will be Indias first non-cyclical index fund, said the press release.

Investors must consider a broader set of factors to make informed decisions

The scheme will be benchmarked against S&P BSE 500 TRI. The scheme will be managed by Ramesh Mantri, Trupti Agrawal, Dheeresh Pathak, Piyush Baranwal, and Shariq Merchant(overseas investments).

​March is an important month for taxpayers. It is that time of the year when they leverage government-provided tax exemptions and reduce their tax liability. In other words, it is tax planning, which is a legal approach used to minimize the amount of income tax owed.

The investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity and equity related instruments and active use of debt, money market instruments and derivatives.

The investment objective of the scheme is to generate income / capital appreciation through investments in debt and money market instruments.

Bandhan Mutual Fund has filed a draft document with Sebi for the Nifty Midcap 150 Index Fund. Bandhan Nifty Midcap 150 Index Fund will be an open-ended scheme tracking Nifty Midcap 150 Index.

PPFAS Mutual Fund announced the launch of the Parag Parikh Dynamic Asset Allocation Fund. The scheme opened for public subscription on February 20, 2024, and will close on February 22, 2024.