Axis Mutual Fund recently sent out an information email to the investors of its Axis Treasury Advantage Fund. The email mentions about a change in a fundamental attribute of the scheme and provides the option to investors to withdraw (in case they are not okay with the change) without paying any exit load. What is Axis Treasury Advantage Fund? The Axis Treasury Advantage Fund … [Read more...] about Change in Axis Treasury Advantage Fund – What should you do?
The next fund in the series of the 'hot' mutual funds is ICICI Pru Balanced Fund. The fund is a hybrid fund, which means it invests in equity as well as debt. However, the name balanced does not mean the ratio of equity and debt is 50:50. To ensure that it provides the investors the benefit of equity taxation (ZERO capital gains after 1 year of holding), it invests at … [Read more...] about ICICI Pru Balanced Fund – what you need to know
SBI Bluechip fund has been one of the most popular funds in the last few years. The numbers provide a clear proof. From an AUM size of just Rs. 740 crores in December 2013, it is now a behemoth at Rs. 15,236 crores (as of July 2017). So, there was this little fund that started in Feb 2006, which saw a turnaround in performance with its new fund manager Sohini Andani. She … [Read more...] about SBI Bluechip Fund – What you need to know
One of the more popular funds from Franklin Templeton AMC is the Franklin India High Growth Companies Fund. The fund has just completed 10 years of existence. It started in July 2007 when the previous bull market was hitting its peak. As is the norm, new fund schemes get launched during such times to capture on renewed and bullish interest of old and new investors. The … [Read more...] about Franklin India High Growth Companies Fund – What you should know?
In 2016, ICICI Prudential Mutual Fund became the largest fund house by assets. One of the funds that rode along with it into this stardom was ICICI Prudential Value Discovery Fund, a fund that started as a midcap fund in August 2004. The ICICI Pru value discovery fund's stated objective is to: to invest stocks available at a discount to their intrinsic value, through a … [Read more...] about ICICI Pru Value Discovery Fund – What you should know?