Taurus Mutual Fund has filed the prospectus for Taurus Nifty Index Fund with the Securities and Exchange Board of India for approval. It is an open-ended, index-linked equity scheme. This Fund too, like other index funds, would mainly replicate S&P CNX Nifty Index by investing in stocks of the Nifty in the same proportion. The Fund will be benchmarked to S&P CNX Nifty. The tracking error for...

There is no relation between consumption and stock prices as a new fund from Tata Mutual Fund seems to assume

Tata Mutual Fund has filed an offer document titled “Tata Consumption Opportunities Fund” with the regulator. The Fund, an open-ended scheme, would invest in companies which are into production or distribution or trading of goods and services meant for mass consumption or...

The SBI WISE Fund intends to chase momentum—the speciality of traders and not of fund managers. Will it succeed?

SBI Mutual Fund, in which Société Générale Asset Management has a 37% stake, has filed an offer document of its SBI WISE Fund with the Securities and Exchange Board of India (SEBI) for approval. WISE Fund stands for Winning Investment Strategies in Equities Fund. This Fund is an...