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Economic Times
01-07-2025
- Business
- Economic Times
Beyond JioBlackRock: 8 other mutual fund NFOs open for subscription this week
JioBlackRock Liquid Fund Live Events JioBlackRock Money Market Fund JioBlackRock Overnight Fund TRUSTMF Multi Cap Fund ICICI Pru Nifty Private Bank Index Fund Nippon India MNC Fund Sundaram Multi-Factor Fund Groww Nifty 50 ETF Invesco India Income Plus Arbitrage Active FoF Groww Nifty 50 Index Fund JM Large & Mid Cap Fund Around 11 mutual fund NFOs are currently open for subscription, of which three are from JioBlackRock Mutual Fund and eight others are from different fund houses. JioBlackRock Liquid Fund TRUSTMF Multi Cap Fund , and ICICI Pru Nifty Private Bank Index Fund are open for India MNC Fund, Sundaram Multi-Factor Fund, Groww Nifty 50 ETF, Invesco India Income Plus Arbitrage Active FoF, Groww Nifty 50 Index Fund, and JM Large & Mid Cap Fund are upcoming NFOs and will open for subscription later this 11 funds include two index funds, two thematic funds, a large & mid cap fund, a multi cap fund, a money market fund, a liquid fund, an ETF, and a fund of funds investing Read | JioBlackRock Liquid Fund NFO to open on June 30. A safe bet for regular income? JioBlackRock Liquid Fund is an open-ended liquid scheme with relatively low interest rate risk and relatively low credit risk. The new fund offer (NFO) is currently open for subscription and will close on July investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market and debt instruments with residual maturity of up to 91 scheme will be benchmarked against the Nifty Liquid Index A-I and will be managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb. The fund will allocate 0–100% of its assets to debt instruments and money market instruments with residual maturity of up to 91 Money Market Fund is an open-ended debt scheme investing in money market instruments with relatively low interest rate risk and moderate credit risk. The NFO is open for subscription and will close on July investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market instruments with residual maturity of up to one scheme will be benchmarked against the NIFTY Money Market Index A-I and managed by Vikrant Mehta, Arun Ramachandran, and Siddharth Deb. The exit load on this money market fund is scheme will allocate 0–100% of its assets to money market instruments having residual maturity of up to one Read | NFO Update: ICICI Prudential Mutual Fund launches Nifty Private Bank Index Fund JioBlackRock Overnight Fund is an open-ended debt scheme investing in overnight securities, with relatively low interest rate risk and relatively low credit risk. The NFO is open for subscription and will close on July investment objective of the scheme is to generate regular income through investment in a portfolio comprising debt and money market instruments with overnight maturity. The scheme will be benchmarked against the Nifty 1D Rate fund will allocate 0–100% of its assets to overnight securities or debt and money market instruments maturing on or before the next business Multi Cap Fund is an open-ended equity scheme investing in large-cap, mid-cap, and small-cap stocks. The NFO is open for subscription and will close on July fund will be benchmarked against the NIFTY 500 Multi Cap 50:25:25 TRI and managed by Mihir Vora and Aakash minimum amount for purchase (including switch-in) is Rs 1,000 and in multiples of any amount thereafter. The minimum amount for a monthly SIP is Rs 1,000 (plus in multiples of any amount) with at least six fund will allocate 75–100% of its assets to equity and equity-related instruments of large-cap, mid-cap, and small-cap companies, 0–25% in debt and money market instruments (including cash & cash equivalents), and 0–10% in units issued by REITs and Pru Nifty Private Bank Index Fund is an open-ended index scheme replicating the Nifty Private Bank Index. The NFO is open for subscription and will close on July fund will be benchmarked against the Nifty Private Bank TRI and managed by Nishit Patel and Ashwini Shinde. The exit load is minimum amount for daily, weekly, fortnightly, and monthly SIPs is Rs 1,000 (plus in multiples of Re 1) with at least six instalments. For quarterly SIPs, the minimum is Rs 1,000 (plus in multiples of Re 1) with at least four India MNC Fund is an open-ended equity scheme following a multinational company (MNC) theme. The NFO will open for subscription on July 2 and close on July fund will be benchmarked against the NIFTY MNC TRI and managed by Dhrumil Shah and Kinjal minimum application amount is Rs 500 and in multiples of Re 1 thereafter. The scheme will allocate 80–100% of assets to equity and equity-related instruments of MNCs, 0–20% to equity instruments of companies other than MNCs, and 0–20% to debt and money market Multi-Factor Fund is an open-ended equity scheme that follows a multi-factor-based investment strategy. The NFO will open for subscription on July 2 and close on July fund will be benchmarked against the BSE 200 TRI and managed by Rohit Seksaria, S. Bharath, Dwijendra Srivastava, and Sandeep minimum investment amount for the first investment is Rs 100 and in multiples of Re 1 thereafter. For monthly SIPs, the minimum amount is Rs 100 with at least six fund will allocate 80–100% of its assets to equity and equity-related instruments selected based on a multi-factor quantitative model, 0–20% to other equity and equity-related instruments, 0–20% to debt and money market securities (including Tri-Party Repo), and 0–10% to investments in REITs/ Nifty 50 ETF is an open-ended scheme tracking the Nifty 50 Index – TRI. The NFO will open for subscription on July 2 and close on July fund will be benchmarked against the Nifty 50 Index - TRI and managed by Shashi Kumar, Nikhil Satam, and Aakash minimum amount is Rs 500 and in multiples of Re 1 thereafter. Units will be allotted in whole numbers, and any balance amount below the minimum will be India Income Plus Arbitrage Active FoF is an open-ended fund-of-fund scheme investing in units of actively managed debt-oriented schemes and equity arbitrage schemes. The NFO will open for subscription on July 2 and close on July fund will be benchmarked against a blended index: 60% Nifty Corporate Bond Index A-II + 35% Nifty 50 Arbitrage + 5% Nifty 1D Rate Index, and managed by Vikas Garg (Fixed Income) and Deepak Gupta (Arbitrage).For lump-sum investment, the minimum amount is Rs 1,000 per application and in multiples of Re 1 thereafter. For monthly SIPs, the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter, with at least six Nifty 50 Index Fund is an open-ended scheme tracking the Nifty 50 Index - TRI. The NFO will open for subscription on July 2 and close on July fund will be benchmarked against the Nifty 50 Index - TRI and managed by Shashi Kumar, Nikhil Satam, and Aakash minimum amount for the initial purchase is Rs 500 and in multiples of Re 1 thereafter. The minimum amount for a monthly SIP is Rs 500 and in multiples of Re Large & Mid Cap Fund is an open-ended equity scheme investing in both large-cap and mid-cap stocks. The NFO will open for subscription on July 4 and close on July fund will be benchmarked against the Nifty Large Midcap 250 investment objective of the scheme is to seek long-term capital growth through investments in equity and equity-related securities, predominantly of large-cap and mid-cap stocks. The minimum investment amount is Rs 1,000 per plan, option, or sub-option, and in multiples of Re 1 thereafter for first-time investments.
Economic Times
26-06-2025
- Business
- Economic Times
Groww Mutual Fund sees 6x surge in AUM post acquiring Indiabulls Asset Management Company
Groww Mutual Fund's AUM has surged to nearly Rs 2,000 crore by May 2025 Groww Mutual Fund, the AMC arm of the IPO-bound Groww has seen a significant rise in its assets under management (AUM) touching nearly Rs 2,000 crore as of May 2025. It registered a sixfold jump from the Rs 342 crore it managed when it acquired Indiabulls Asset Management Company in May 2023, according to the company's statutory disclosure, according to a press release by the fund house. The sharp rise in AUM signifies Groww Mutual Fund's steady foray into asset management, even as its parent company Groww (Billionbrains Garage Ventures) prepares for an initial public offering (IPO). Also Read | Consistent performers: 10 equity mutual funds deliver over 30% CAGR in 3 and 5-year periods The company had filed confidential papers with SEBI last month and is reportedly aiming for a valuation worth of $7 billion, backed by a recent $200 million round from Iconiq Capital and GIC, the release said. Groww reported a strong growth in earnings in FY25, with profit rising threefold year-on-year to Rs 1,819 crore. Revenues touched Rs 4,056 crore, up 31% YoY, despite industry-wide pressures such as reduced exchange rebates and evolving tax norms for Mutual Fund - operated under Groww, and formerly Indiabulls AMC - offers a limited but focused suite of active and passive funds. With funds spanning across equity, hybrid, debt, and thematic categories, popular schemes include the Groww Nifty EV & New Age Automatic Index fund, Groww Total Market Index Fund, Groww Value Fund, Groww ELSS Tax Saver Fund, Groww Large Cap Fund, Read | Best corporate bond mutual funds to invest in June 2025 The company recently announced the acquisition of wealth management platform Fisdom in a $150 million all-cash deal, signalling its ambition to deepen presence across the personal finance lifecycle - from SIPs and discount stock broking to advisory-led wealth management. (Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and twitter handle.
Economic Times
10-06-2025
- Business
- Economic Times
Nifty Bank hits 57,000. Is it time for mutual fund investors to bet on banking funds?
With Nifty Bank crossing the 57,000 mark to hit 57,049 on Monday, a market expert mentioned that the recent rally has been fueled by robust earnings growth, improved asset quality, and attractive valuations in the banking sector. Banks are now seen as reasonably valued, offering a margin of safety for investors. ADVERTISEMENT 'If you look at the numbers, the banking sector's Q4 consolidated net profit stood at a historically higher level. Notably, bank earnings contributed over a third of all listed companies' total profits. Furthermore, Net Non-Performing Assets (NNPA) are at historic lows,' Vishal Dhawan, CEO, Plan Ahead Wealth Advisors, a wealth management firm in Mumbai, shared with ETMutualFunds. Also Read | 3 equity mutual fund categories lose up to 7% in 2025. Expert shares what went wrong 'Tax and interest rate cuts are likely to boost consumption, credit demand is expected to rise. Higher consumption could drive stronger loan disbursements,' he added. The banking index closed at 56,839, down marginally by 0.37% from the day's high level. The Nifty Bank index has surged by 16.66% in the last three months, whereas it went up by 5.73% in the last six months. In the last year, the banking index has gained 13.60%, and in the current calendar year, it has gone up by 11.24%. ADVERTISEMENT Commenting on current allocations to banking and financial sector funds, the expert suggests that aggressive investors may consider a 5–10% exposure. However, they emphasise that diversified equity funds remain a more resilient choice for most investors, given their broader exposure across sectors, market capitalisations, and geographies, which helps mitigate market volatility.'For aggressive investors, one can take exposure to thematic funds from 5% to 10%. That's because themes are cyclical and very hard to time correctly; getting in or out at the wrong moment could significantly impact the entire portfolio,' Dhawan told ETMutualFunds. ADVERTISEMENT 'Diversified equity funds, by contrast, are much better at weathering market swings due to their broader exposure across different sectors, market caps, and geographies. Remember, diversification is key for long-term growth,' he are around 21 actively managed mutual funds focused on the banking and financial services sector, which have delivered an average return of 10.67% so far in the current calendar year — the only category to post double-digit gains during this period. ADVERTISEMENT DSP Banking & Financial Services Fund offered the highest return of around 14.07% in 2025 so far. Helios Financial Services Fund offered the lowest return of around 6.68% in the same defined period. Also Read | 30 equity mutual funds down by over 10% from their 52-week high NAVs On the passive side, 20 funds benchmarked to the Nifty Bank index delivered an average return of 11.22% so far this calendar year. Among them, the UTI Nifty Bank ETF posted the highest return at 11.39%, while the Bandhan Nifty Bank Index Fund recorded the lowest at around 10.90%. ADVERTISEMENT While choosing between active or passive funds focused on the banking sector, Dhawan recommends opting for an active fund, citing the fund manager's ability to navigate market cycles and selectively allocate to high-conviction banking and financial stocks as a key advantage over passive strategies. 'The Bank Nifty largely comprises private and public sector banks. This means it offers little to other important financial sectors like insurance companies and Non-Banking Financial Companies (NBFCs). If you rely only on the Bank Nifty to represent the entire financial sector, you could miss out on opportunities that may emerge from other financial sectors, like insurance or NBFCs, that may offer better fundamentals. Thus, an active fund may be preferred,' Dhawan shared with ETMutualFunds. According to a report by ETMarkets, high-weighted financials and private banks led the gains on Monday, lifting the Bank Nifty to a record high of 57,049.50 — its first-ever close above the 57,000 mark — as investors welcomed the Reserve Bank of India's surprise rate cut and a shift to a neutral policy stance aimed at boosting credit growth and bank profitability. The Reserve Bank of India on Friday slashed the repo rate by 50 basis points to 5.5% and gave a 100 basis point CRR cut, to which Dhawan expects that this aims to boost liquidity and support growth and banks may face short-term margin pressure, as lending rates fall faster than deposit rates adjust and also margins (NIMs) may bottom out in Q2FY26, with recovery expected as deposit rates decline gradually. Also Read | JioBlackRock Mutual Fund launches website, unveils leadership team and early access initiative 'Liquidity infusion from the CRR cut (Rs 2.5 trillion) will lower funding costs and boost loan growth. Overall, the outlook remains stable to positive for well-managed banks,' Dhawan further should always invest based on their risk appetite, investment horizon, and goals. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle Page 2
Economic Times
03-06-2025
- Business
- Economic Times
NFO Alert: DSP Mutual Fund launches index funds on IT and Healthcare sectors
The IT and healthcare sectors benefit from diversified global revenues, which reduce their dependence on domestic economic cycles. DSP Mutual Fund has launched two new index funds — the DSP Nifty IT Index Fund and the DSP Nifty Healthcare Index Fund. These offerings provide investors a strategic avenue to gain exposure to the IT and healthcare sectors, both known for their relative resilience in volatile equity markets. The new fund offer, or NFO, for both funds, is open for subscription and will close on June 16. The DSP Nifty IT Index Fund aims to replicate/track the Nifty IT Index and would be investing in the top 10 IT companies by free float market capitalisation. The Indian IT sector has demonstrated smooth earnings growth with relatively low earnings variability, which has helped to reduce earnings surprises. Over the last 12 years, the Nifty IT index has delivered consistent earnings growth, outperforming many other sectors. While the IT sector has underperformed the broader market in recent years, historical cycles suggest potential for a turnaround, making this an opportune moment for investors to consider sector-focused exposure. Also Read | NFO Insight: Nippon Income Plus Arbitrage Active FoF opens. Is it time to add this emerging category to your portfolio? The DSP Nifty Healthcare Index Fund aims to replicate or track the Nifty Healthcare Index, investing in the top 20 healthcare companies based on free-float market capitalisation. Notably, India's healthcare sector accounts for a relatively small share of the country's total market capitalisation compared to developed and emerging markets. This indicates significant growth potential, supported by expanding healthcare infrastructure, rising insurance penetration, and ongoing medical innovation. "The launch of the DSP Nifty IT Index Fund and DSP Nifty Healthcare Index Fund offers investors a balanced approach to participate in sectors that combine growth with resilience. In uncertain market environments, defensive sectors like IT and healthcare have seen lower drawdowns, with the potential to deliver attractive returns,' said Anil Ghelani, CFA, Head of Passive Investments & Products at DSP Mutual Fund.'By strategically including low-beta sectors such as Information Technology and Healthcare, investors can construct a more resilient and efficient portfolio, which may help them optimise returns and effectively manage market risk. Defensive sectors are currently underrepresented in broader indices, and history shows that when underweight, sectors like IT and Healthcare tend to outperform the market over the following year. Our disciplined passive management approach aims to closely track these sectors, helping investors capture structural growth with lower volatility,' said Gurjeet Kalra, Business Head – Passive Funds, DSP Mutual Read | Gold prices may fall 12-15% in next 2 months, warns Quant Mutual Fund Defensive sectors such as Information Technology (IT) and Healthcare have historically exhibited low beta relative to the broader equity market, meaning they are less affected by market downturns, economic crises, or geopolitical events. For instance, during the Global Financial Crisis (Jan – Oct 2008) and the Covid-19 pandemic (Jan – March 2020), Nifty Healthcare and Nifty IT indices outperformed the broader Nifty 500 Index by experiencing lower drawdowns and quicker sectors benefit from diversified global revenues, which reduce their dependence on domestic economic cycles. To put this in context of numbers, ~ 96% of total revenues for the companies in the Nifty IT Index come from various global markets other than India. Notably, 52% of the total revenues for companies in the Nifty Healthcare Index are derived from global markets, compared to just 25% for companies in the Nifty 50 Index.
Reuters
21-04-2025
- Business
- Reuters
Investors flock to safety of US short-term government bond funds
April 21 (Reuters) - U.S. short-term government bond funds have received large inflows this month even as most other funds across asset classes suffered heavy selling in markets hit by worries over U.S. tariffs and recession risks. Treasury yields have risen this month, as the bonds sold off, as hedge funds unwound their leveraged positions in basis trades and overseas investors sold them in apparent retaliation for tariffs and owing to doubts over the safe-haven quality of U.S. assets. However, short-term bonds have rallied after the initial selloff, which analysts said showed they offer more safety and liquidity and tend to lose less value in response to changes in yields. According to LSEG Lipper, U.S. short-term government bond funds received inflows of $18.1 billion so far this month. If the flows are sustained, April could see them get the highest inflows in two-and-a-half years. In comparison, U.S. bond market funds overall saw outflows of $47.7 billion this month. The Vanguard Long-Term Treasury Index Fund (VGLT.O), opens new tab, which includes bonds with maturies greater than 10 years, has fallen 3.45% this month. In contrast, the Vanguard Short-Term Treasury Index fund (VGSH.O), opens new tab, which invests in bonds with maturities lesser than 3 years, has risen 0.03%. Steven Roge, chief investment officer at financial advisory firm R.W. Rogé & Company Inc, said the higher inflows into U.S. government short-term bond funds are coming from retail investors and wealth managers, prioritizing income and capital preservation. "When short-term yields are nipping at the heels of long-term ones, many investors are thinking, 'Why take on extra duration risk for maybe just a tiny bit more yield?'". With uncertainty over tariffs and Federal Reserve rate cuts lingering, analysts expect higher bond volatility to divert fund flows out of riskier segments such as high-yield bonds and private credit into short-term government bond funds. "Every time new news comes out that increases the chance for large U.S. or foreign tariffs to be a reality, the risk of recession increases and we should expect more flight into the relative safety of short-term government bonds," said Brian Huckstep, chief investment officer at Advyzon Investment Management. And, when market stability returns, being invested in short-term bonds will enable investors to quickly shift money into riskier assets to capture the rally, analysts said. Leading the inflows this month among short-term government bond funds were the SPDR Bloomberg 1-3 Month T-Bill ETF, the iShares 0-3 Month Treasury Bond ETF, and the iShares Short Treasury Bond ETF, which attracted inflows of $7.9 billion, $4.2 billion, and $2.8 billion, respectively.
