MF News
NFO Alert: Mirae Asset Mutual Fund launches Nifty India Internet ETF
Mirae Asset Mutual Fund has launched the Mirae Asset Nifty India Internet ETF, an open-ended scheme tracking the Nifty India Internet Total Return Index. The NFO opens on June 18 and closes on June 25, with continuous trading resuming on July 2. Thematic in nature, the ETF provides exposure to India’s expanding internet-driven business ecosystem through a diversified portfolio.
AlphaGrep receives Sebi’s in-principle approval to sponsor mutual fund
AlphaGrep Securities, a leading quantitative investment firm specializing in systematic strategies, has announced that it has received the in-principle approval from SEBI to sponsor a mutual fund.
JioBlackRock gears up for third debt launch, files draft document of overnight fund with Sebi
JioBlackRock Mutual Fund has filed with Sebi to launch its third debt offering—JioBlackRock Overnight Fund—focused on overnight securities for low-risk, short-term income generation. The scheme offers a direct growth plan with minimum investment of ₹500.
Indian stock market outperforms global market indices: Bandhan Mutual Fund
India emerged as the top-performing market globally in the three months ending May 2025, delivering a robust 16% return. In comparison, emerging markets gained 5%, while world and developed market indices saw modest gains of just 2% during the same period, according to the latest Bandhan Mutual Fund Monthly Market Outlook.
Franklin India Money Market Fund turns Rs 10,000 SIP to Rs 70 lakh in 23 years
Franklin India Money Market Fund has turned a Rs 10,000 monthly SIP into Rs 70 lakh over 23 years, achieving Rs 3,400 crore in AUM. Offering low risk, high liquidity, and steady returns, it outperformed benchmarks and remains a strong short-term investment option amid a soft interest rate environment.
NFO Alert: Mirae Asset Mutual Fund launches funds focused on dynamic allocation and financial sector fixed income strategy
Mirae Asset Mutual Fund has launched two NFOs: a dynamic fund of funds blending arbitrage and debt strategies, and a passively managed debt index fund tracking AAA-rated financial services with 9–12-month maturity. Both target low-risk, tax-efficient returns, catering to evolving market and liquidity conditions with minimum investments starting at Rs 5,000.
JioBlackRock Mutual Fund files draft documents with Sebi to launch its first 2 debt schemes
JioBlackRock Mutual Fund has filed draft papers with SEBI to launch two debt schemes—a liquid fund and a money market fund. The JioBlackRock Liquid Fund aims to offer regular income through investments in money market and debt instruments with maturities up to 91 days. It is designed for short-term investors seeking low-risk, income-generating opportunities.
SIP accounts hit record high of 8.56 crore in May; mutual fund AUM crosses Rs 72 Lakh crore: AMFI
SIP contributions reached an all-time high of Rs 26,688 crore in May, with SIP accounts rising to 8.56 crore, AMFI data shows. Mutual fund AUM surged past Rs 72 lakh crore for the first time, driven by equity inflows, strong retail participation, and continued interest in flexi-cap and passive funds.
NFO Alert: Groww Mutual Fund launches ETF tracking the Nifty India Internet Index
The Groww Nifty India Internet ETF offers long-term investors a transparent, rules-based, and low-cost way to tap into the internet sector’s growth. It aims to mirror the index’s performance by holding its constituents in similar proportions, subject to tracking error.
NFO Alert: ICICI Prudential Mutual Fund launches Nifty Top 15 Equal Weight based passive funds
ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Nifty Top 15 Equal Weight ETF and ICICI Prudential Nifty Top 15 Equal Weight Index Fund, offering investors exposure to a curated list of India’s top 15 companies by free-float market capitalization, selected from the Nifty 50 universe.
Must Watch
ITI Mutual Fund launches new brand identity ‘Diviniti Specialized Investment Fund’
ITI Asset Management has launched Diviniti SIF, a new platform targeting the Specialized Investment Fund (SIF) space. Positioned between mutual funds and PMS/AIFs, SIFs aim to offer flexible, innovative solutions across equity, hybrid, and debt categories. ITI AMC sees this as a strategic move to address evolving investor needs and reshape portfolio management in a dynamic investment landscape.
Tata Asset Management receives IFSCA approval to begin operations in Gujarat's GIFT City
Tata Mutual Fund: The approval marks a significant step in expanding Tata Asset Management's offshore product suite and facilitating global and outbound investment opportunities, in line with its ambition to evolve into a global asset management brand.
Bajaj Finserv announces appointment of Lakshmi Iyer as Group President – Investments
Bajaj Finserv has appointed Lakshmi Iyer as Group President - Investments, effective August 1, 2025. Iyer, a veteran fund manager, brings nearly 27 years of financial services expertise from Kotak Mahindra Group, where she served as CEO of Investments and Strategy at Kotak Alternate Asset Managers Ltd. Her experience includes wealth advisory, strategy, product solutions, deal execution, and fund management.
AMFI Data: Equity mutual fund inflows decline 22% to Rs 19,000 crore in May
Equity mutual funds witnessed a 22% decrease in inflows, reaching Rs 19,013 crore in May. Large-cap funds experienced a significant 53% drop, while mid-cap and small-cap funds saw declines of 15% and 20%, respectively. Flexi-cap funds remained the most attractive, securing the highest inflows at Rs 3,841 crore, closely followed by small-cap funds.
Pantomath Group asset management arm launches Rs 2,000-cr Bharat Bhoomi Fund
The Wealth Company Asset Management, part of Pantomath Group, plans to launch Bharat Bhoomi Fund. The fund will be worth Rs 2,000 crore. It will target the real estate sector. Rakesh Kumar and Bhavya Bagrecha will lead the fund. Peter Sharp joins as advisor. The fund will invest in data centers, warehousing, and residential projects.
JioBlackRock Mutual Fund launches website, unveils leadership team and early access initiative
JioBlackRock Mutual Fund mentioned that its leadership team brings together asset management experience, digital innovation and customer-centric product design. Together, the team aims to deliver JioBlackRock’s mission to transform investing in India by making it more accessible and affordable for millions of people
