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.
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.
Large and Midcap Funds: Large and Midcap Funds are open-ended equity schemes investing in both large-cap and mid-cap stocks. The funds potentially offer investors a balance of stability and growth for long-term investment goals.