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The unitholders of the six shut schemes of Franklin Templeton Mutual Fund will get Rs2,488.75 crore in the week starting Monday, May 3.   This will be the third tranche of disbursement for the investors after the distribution of Rs9,122 crore across five schemes in February and...
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  • The Association of Mutual Funds in India (AMFI), the registering body for mutual fund distributors, has decided to reduce AMFI registration number (ARN) registration and renewal fees for most distributor types, including individual distributors, by 50%of the existing rates from 1 May...
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  • HDFC Mutual Fund has launched a new asset allocation scheme that will invest in equity, debt and gold. It is a fund-of-funds (FoF) scheme and, therefore, it will invest in the units of mutual fund (MF) schemes to take exposure to various assets.   Asset allocation schemes invest in...
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  • Canara Robeco Mutual Fund has launched a new focused equity scheme that will invest in a limited number of stocks. The Canara Robeco Focused Equity Scheme is a multi-cap equity scheme that aims to invest in a maximum of 30 stocks.   Unlike regular equity schemes with no limit on the...
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  • Mirae Asset has launched a new scheme that will give investors exposure to US-listed internet and tech giants like Apple, Tesla, Amazon and more. The fund house has launched an index exchange traded fund (ETF) that will track the NYSE FANG+ index. A fund of fund (FoF) scheme is also launched...
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