In February 2019, Kotak Mahindra Bank and Axis Bank were the most preferred stocks of Indian mutual funds. The net purchases of Kotak Mahindra Bank were Rs1,525 crore, of which ICICI Prudential Mutual Fund made net purchases worth Rs140 crore. Bajaj Auto and Housing Development Finance...

The recent further fund offer (FFO) of Bharat 22-ETF (exchange traded fund), managed by ICICI Prudential Mutual Fund, received bids worth more than 10 times its issue size in its one-day offer period. The FFO saw the ETF break its own first-time launch record of bids worth Rs32,000 crore for...

SBI Mutual Fund has launched a new passive Nifty50 equity scheme with a focus on minimising volatility in the portfolio. The scheme, called SBI Equity Minimum Variance (SBI EMV), aims to mimic the Nifty50 market-cap weighted basket of stocks while employing additional parameters like...

The best three and the worst three schemes over the past three years ranked by their quarterly rolling returns. Premium members get access to a more refined list of top schemes by logging into Moneylife Advisory  

Of the four defaulting business groups that mutual funds (MFs) have been exposed to, the most surprising one was the Zee/Eseel, mainly known for its media and entertainment business plus a clutch of other businesses such as packaging, education and so on.    The general public, who...