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Large cap stocks are present in several mutual fund categories. While large cap funds have a minimum allocation of 80% to large cap stocks ranked 1-100 by market capitalisation, multi cap schemes need to have a minimum allocation of 25% to large caps.
The New Fund Offer of UTI Mutual Fund’s UTI Nifty 50 Equal Weight Index Fund (UNE50) will close on June 5 and will reopen on June 9, 2023, for continuous subscription. Should this fund make it to your portfolio?
Synopsis Index funds folios double to 8.11 lakh in 13 months; AUMs up 95% to Rs 14,794 crore. iStock Decades ago, US President John F Kennedy had underlined the importance of a healthy broader economy in wealth building through his now-famous words: A rising tide lifts all boats. It is the latest investment approach in India, where passive index funds tracking the broadest indices are gaining an edge over active stock pickers. Data from mutual fund industry body AMFI show that the number of folios in index funds doubled from 4.05 lakh to 8.11 lakh in the last 13 months. During the same period...