Stay updated with breaking news from Uti Mf. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
SBI MF sold shares worth Rs 1,736 crore bringing its holding to 2.92%, while UTI MF sold shares worth Rs 508 crore. Meanwhile, Nippon MF and HDFC MF sold shares worth Rs 302 crore and Rs 205 crore, respectively, reducing its holding in Jio Financial Services to 4.6% and 2.3%.
The new fund offers (NFOs) of UTI Mutual Fund opened for subscription today, May 22, 2023, and will close on June 5, 2023
Manish Gunwani will be replacing Bhaskar as IDFC MF’s new head of equities
Synopsis Despite the rise in expense ratio by fund houses, it is reasonable; investors should continue with these funds, say analysts Getty Images Mumbai: Investors in at least four large index funds — among the cheapest equity schemes — will have to shell out more money every year to asset managers to handle their money. SBI Mutual, HDFC Mutual, UTI Mutual and Tata Mutual have raised the Total Expense Ratio — the annual fee that fund houses deduct from unitholders — of index funds that track the Nifty and Sensex by at least 77% in recent weeks. While HDFC MF has doubled the expense r...
Despite the rise in expense ratio by fund houses, it is reasonable; investors should continue with these funds, say analysts