Bank of India MF aims to raise Rs 500 cr from multi-asset allocation fund in NFO period financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The new scheme is designed for investors who are seeking low volatility in their portfolio and exposure to multiple asset classes equity, debt and gold with better returns.
Total assets under management (AUM) of open-ended funds at the end of September stood at Rs 46.58 lakh crore against Rs 46.63 lakh crore in the prior month.
The proposed mergers of schemes at PGIM Mutual Fund are a change in their fundamental attributes. Hence, in line with mutual fund regulations, the fund house has given an exit option (without exit load) to investors
Large mutual fund houses such as Kotak Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Mutual Fund, Mirae Asset Mutual Fund, and Nippon India Mutual Fund are coming up with fixed maturity plans in August and September.