Following Sebi s recent order to use uniform nomenclature for tax saving mutual funds, prominent ELSS have changed their names to help investors in identifying schemes in the same league.
Zerodha Mutual Fund recently launched Zerodha Nifty LargeMidcap 250 Index Fund. The scheme opened on October 20, 2023, and will close on November 03, 2023.
Mutual Fund s total assets under management (AUM) have grown significantly in September 2023. As per data of AMFI, the mutual fund industry s net AUM is Rs 46.5 lakh crore, while the average AUM stands at Rs 47 lakh crore for September 2023.
Mutual funds are one of the popular ways of investment among retail investors in India. There are three main categories of mutual funds available in the Indian market. Largecap Funds, Midcap Funds, and Smallcap Funds are the most popular funds.