The assets under management (AUMs) were pretty low but that did not mean people did not have trust or faith in Franklin. Right now, we have seven schemes. We are rebuilding, and we have to strengthen the processes and teams in addition to reaching out to investors. The traction has started to build. So it s not a worrisome situation.
HDFC Mutual Fund announced the launch of the HDFC NIFTY200 Momentum 30 Index Fund. The scheme opened for public subscription on February 09, 2024, and will close on February 23, 2024.
HDFC Mutual Fund announced the launch of the HDFC Nifty PSU Bank ETF. The scheme opened for public subscription on January 12, 2024, and will close on January 23, 2024.
While it took almost 50 years for the mutual fund industry to build the first ₹10 lakh crore of AUM, the last ₹10 lakh crore, from ₹40 lakh crore to ₹50 lakh crore, was amassed in just a little over a year.
Right investment needs carefully crafted asset mix of various investment assets including equity, debt, gold and real estate, so that it not only delivers superior returns but also does it in a least risky way. Coming out of global turmoil during last 3 years, investors would be hoping for a better year. We tell you how the year 2024 will be for different asset classes and how can you make it work for you.