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Bank of India Mutual Fund announces change in scheme name
11-Jul-2025 ( 10:54 )
Bank of India Mutual Fund has announced change in scheme name under the following schemes, with effect from July 22, 2025.

Change in the name of the Scheme:

Existing Scheme Name Revised Scheme Name
Bank of India Bluechip Fund Bank of India Large Cap Fund
Bank of India Large & Mid Cap Equity Fund Bank of India Large & Mid Cap Fund

Nippon India Balanced Advantage Fund announces Income Distribution cum Capital Withdrawal (IDCW)
10-Jul-2025 ( 09:33 )
Nippon India Mutual Fund has announced 14 July 2025 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the regular plan ' IDCW payout and direct plan ' IDCW payout of Nippon India Balanced Advantage Fund. The quantum of distribution will be Rs 0.2200 per unit under each plan / option as on the record date.

HDFC Mutual Fund launches HDFC Innovation Fund
10-Jul-2025 ( 13:45 )
HDFC Asset Management Company, one of India's leading mutual fund houses, has launched HDFC Innovation Fund, an open-ended, actively managed equity scheme aimed at investing in companies embracing innovative strategies across sectors.

The New Fund Offer (NFO) opened on June 27, 2025 and will close on July 11, 2025.

The fund seeks to capitalise on India's rapidly growing innovation ecosystem, driven by technological advancements, a vibrant startup culture, rising digital adoption, and government-led initiatives. HDFC Innovation Fund aims to identify and invest in companies that are either pioneers or early adopters of new technologies, offering investors a chance to participate in India's ongoing transformation.

The scheme will allocate at least 80% of its net assets to equity and equity-related instruments, focusing on three key areas: product innovation, process innovation, and business model innovation. It will adopt a bottom-up stock selection strategy, ensuring diversification across sectors and market caps while targeting high-quality companies expected to outperform their industry peers.

Investors can enter the fund with a minimum investment of Rs 100 during both the NFO period and after the scheme reopens for continuous purchase and sale. It offers both direct and regular plans, with growth and income distribution cum capital withdrawal options. An exit load of 1% will be charged if units are redeemed within one month from allotment; no exit load will apply thereafter. The fund will be benchmarked against the NIFTY 500 Total Returns Index.

Navneet Munot, managing director and chief executive officer, HDFC Asset Management Company, said, At HDFC Mutual Fund, we continue to expand our investment offerings to fulfil our mission to be the wealth creator for every Indian and to meet the evolving needs of our investors. With our experienced investment team and research-driven approach, we aim to capture the long-term wealth creation potential of innovation-focused businesses.

The fund will be managed by Amit Sinha, fund manager and senior equity analyst, HDFC Asset Management Company. Commenting on the launch, Amit said, The Indian Economy is at an exciting juncture with key pillars supporting the innovation ecosystem. HDFC Innovation Fund offers investors an opportunity to participate in India's innovation-led growth story by gaining exposure to companies adopting transformative strategies across products, processes, and business models.

Mutual Fund AUM rises to Rs 74.4 lakh crore in June; count of contributing SIP accounts rises to 8.56 crore
09-Jul-2025 ( 14:18 )

The Indian mutual fund industry continued its upward trajectory in June 2025, reaching a new high of Rs 74.40 lakh crore in net assets under management (AUM), according to data from the Association of Mutual Funds of India (AMFI). This marks a 3.1% rise compared to Rs 72.19 lakh crore at the end of May.

Open-ended schemes saw their net AUM climb to Rs 74.14 lakh crore in June 2025, up from Rs 71.93 lakh crore in May 2025. Equity schemes within this category continued to attract investors, with net inflows adding up to Rs 23,587.05 crore.

Within equity, Flexi Cap Fund drew the most significant inflows in June, attracting Rs 5,733.16 crore. Small Cap Funds followed suit with Rs 4,024.50 crore, while equity linked saving schemes (ELSS) saw net outflows of Rs 556.11 crore.

Debt funds witnessed net outflows in June, totaling Rs 1,711.47 crore. This category had recorded net outflows of Rs 15,908.48 crore in May. Liquid funds recorded outflows of Rs 25,196.09 crore. Other debt segments like overnight fund, credit risk fund and gilt funds also saw significant outflows.

Hybrid schemes, offering a mix of equity and debt exposure, bucked the trend with net inflows of Rs 23,222.65 crore in June. This was largely driven by arbitrage funds, which attracted Rs 15,584.57 crore.

The systematic investment plan (SIP) contributions for the month of June 2025 aggregated to Rs 26,269 crore in May 2025. The number of contributing SIP accounts also rose to an all-time high of 8.64 crore.

AMCs may soon advise pooled funds under SEBI's proposed norms
08-Jul-2025 ( 16:20 )
The Securities and Exchange Board of India (SEBI) has proposed easing restrictions on Asset Management Companies (AMCs) by allowing them to manage pooled non-broad-based funds, currently restricted under Regulation 24(b) of the SEBI Mutual Fund Regulations, 1996.

The proposal comes as part of a larger consultation paper aimed at reviewing the framework governing permissible business activities for AMCs. SEBI has invited public comments on the paper until July 28, 2025.

At present, AMCs are only allowed to manage and advise on pooled assets that meet the 'broad-based' definition, essentially, funds with at least 20 investors and no single investor holding more than 25% of the corpus. Services to non-broad-based funds currently require a separate Portfolio Management Services (PMS) license.

SEBI noted that this requirement has acted as a barrier, limiting AMCs' ability to compete on equal footing with other intermediaries offering similar services. The industry, led by representations from AMFI, has long called for this regulation to be eased, arguing that AMCs have the expertise to manage such assets, but are unable to tap into the opportunity due to regulatory constraints.

SEBI acknowledged that relaxing the rules could create several conflict-of-interest risks. These include the possibility of higher fees being charged to non-broad-based clients, potential diversion of resources, front-running, and use of insider information from mutual fund operations. There's also concern that AMCs might transfer poor-quality assets between different fund types to the detriment of mutual fund investors.

To mitigate these risks, SEBI has proposed a detailed set of safeguards. AMCs would be required to segregate key personnel, implement automated order management systems, and disclose fee differentials along with performance comparisons between broad-based and non-broad-based funds. A cap or range on fees may also be introduced to prevent preferential treatment.

The regulator is also considering allowing AMCs and their subsidiaries to engage in activities ancillary to fund management. These include acting as Points of Presence (POP) for pension funds under PFRDA's regulatory framework, and operating as global distributors for funds managed or advised outside India. However, AMCs must ensure that such activities are handled through subsidiaries and remain within the scope of recognized regulatory oversight, either domestically or in foreign jurisdictions.

Another key area under review is resource sharing between mutual fund and PMS units. SEBI has offered two alternatives: either PMS activities be carried out through a separate subsidiary with distinct personnel, or within the AMC as a ring-fenced unit reporting directly to the board, with clear segregation of responsibilities and no overlap in fund management roles.

In both cases, shared use of research resources may be permitted to control costs, but safeguards must be in place to avoid misuse of sensitive information.

SEBI has called for public suggestions on the proposed changes, particularly on the relaxation of the broad-basing requirement, the nature of safeguards required, and the appropriate structure for shared services and new business lines. The consultation paper is available on SEBI's official website, and feedback can be submitted via a web form or email until July 28, 2025.

Franklin Templeton Mutual Fund announces change in fund manager under its scheme
08-Jul-2025 ( 11:06 )
Franklin Templeton Mutual Fund has announced change in fund manager under the following scheme, With effect from 07 July 2025

Change in Fund Manager:

Name of the Scheme(s) Existing Fund Manager(s) New Fund Manager(s)
Franklin India Arbitrage Fund ' Rajasa Kakulavarpu
' Pallab Roy
' Rohan Maru
' Mukesh Jain
' Rajasa Kakulavarpu
' Pallab Roy
' Rohan Maru

PGIM India Mutual Fund announces change in Key Personnel
08-Jul-2025 ( 10:55 )
PGIM India Mutual Fund has announced that Mr. Aditya Kulkarni has been appointed as a Dealer ' Equities on the Board of the Trustee Company with effect from July 01, 2025.

Details of Mr. Aditya Kulkarni

Age: 25

Designation: Dealer ' Equities

Qualification : MBA in Finance Management & BE in Electrical Engineering

Experience : 2

ITI MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
08-Jul-2025 ( 09:46 )
ITI Mutual Fund has announced 10 July 2025 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:

ITI Balanced Advantage Fund:

Regular Plan ' IDCW: 0.10

Direct Plan ' IDCW: 0.10

Baroda BNP Paribas Mutual Fund announces change in Key Personnel
04-Jul-2025 ( 12:09 )
Baroda BNP Paribas Mutual Fund has announced that Mr. Keshav Sharma has been appointed as a Chief Risk Officer on the Board of the Trustee Company with effect from July 03, 2025.

Details of Mr. Keshav Sharma

Age: 44

Designation: Chief Risk Officer

Qualification : PGDM - Finance Management,
Executive Alumni of IIIM-K,
Ceritficate in Financial Risk and Regulations from GRAP,
Fellowship from the Insurance Institute of India (FIII),
B. Com

WhiteOak Capital Mutual Fund announces change in Key Personnel
04-Jul-2025 ( 12:21 )
WhiteOak Capital Mutual Fund has announced that Mr. Siddhartha Chaturvedi has been appointed as a Chief Information Security Officer on the Board of the Trustee Company with effect from July 01, 2025.

Details of Mr. Siddhartha Chaturvedi

Age: 43

Designation: Chief Information Security Officer

Qualification : B.Tech. ' Information Technology, CISA, CEH, CND, CCNA (S & R), CCNA (Security), ITIL Foundation, RBI Certified Cyber Security Professional (Under AVTU) Mission, ISEA Certified Cyber Hygiene Practitioner from MeITY

Experience: 16

SBI Mutual Fund announces change in fund manager under its schemes
03-Jul-2025 ( 12:43 )
SBI Mutual Fund has announced change in fund manager under the following schemes, with effect from 01 July 2025.

Change in Fund Manager:

Name of the Scheme Existing Fund Managers Proposed Fund Managers
SBI Magnum Income Fund Mr. Lokesh Mallya Mr. Mohit Jain
SBI Dynamic Bond Fund Mr. Rajeev Radhakrishnan and
Mr. Tejas Soman (Co-Fund Manager)
Mr. Sudhir Agarwal
SBI Long Duration Fund Mr. Tejas Soman Mr. Ardhendu Bhattacharya
SBI Magnum Gilt Fund Mr. Rajeev Radhakrishnan and
Mr. Tejas Soman (Co-Fund Manager)
Mr. Sudhir Agarwal
SBI Magnum Children's Benefit Fund - Savings Plan Mr. Rajeev Radhakrishnan (Debt Portion) Mr. Lokesh Mallya (Debt Portion)
SBI Magnum Children's Benefit Fund - Investment Plan Mr. Rajeev Radhakrishnan (Debt Portion) Mr. Lokesh Mallya (Debt Portion)
SBI Magnum Constant Maturity Fund Mr. Tejas Soman Mr. Sudhir Agarwal
SBI Nifty 10 yr Benchmark G-Sec ETF Mr. Tejas Soman and
Mr. Ardhendu Bhattacharya (Co-Fund Manager)
Mr. Jignesh Shah
SBI NIFTY 1D Rate ETF Mr. Tejas Soman Mr. Jignesh Shah
SBI Overnight Fund,

SBI CPSE Bond Plus SDL September 2026 50:50 Index Fund,

SBI CRISIL IBX Gilt Index-June 2036 Fund,

SBI CRISIL IBX Gilt Index-April 2029 Fund,

SBI CRISIL IBX SDL Index-September 2027 Fund

Mr. Ranjana Gupta
Mr. Tejas Soman (Co-Fund Manager)
Mr. Ranjana Gupta
SBI Long Term Advantage Fund - Series IV Mr. R. Srinivasan and Nidhi Chawla (Co-Fund Manager) Ms. Nidhi Chawla
SBI Long Term Advantage Fund - Series V Mr. Mohan Lal Ms. Nidhi Chawla
SBI Small Cap Fund Mr. R. Srinivasan and Mr. Mohan Lal (Co-Fund Manager) Mr. R. Srinivasan

Nippon India Mutual Fund announces change in fund manager under its scheme
03-Jul-2025 ( 10:26 )
Nippon India Mutual Fund has announced change in fund manager under the following scheme, with effect from 04 July 2025.

Change in Fund Manager:

Name of the Scheme Existing Fund Managers Proposed Fund Managers
Nippon India Income Plus Arbitrage Active Fund of Fund Sushil Budhia, Rohit Hashmukh Shah Sushil Budhia, Vikash Agarwal

Tata Mutual Fund announces change in fund manager under its schemes
02-Jul-2025 ( 14:01 )
Tata Mutual Fund has announced change in fund manager under the following schemes, With effect from 01 July 2025

Change in Fund Manager:

Name of the Scheme(s) Existing Fund Manager(s) New Fund Manager(s)
Tata Housing Opportunities Fund 1. Tejas Gutka
2. Hasmukh Vishariya #
3. Murthy Nagarajan
1. Aditya Bagul
2. Kapil Malhotra *
3. Hasmukh Vishariya #
4. Murthy Nagarajan
Tata ELSS Fund 1. Tejas Gutka
2. Sailesh Jain *
1. Rahul Singh
2. Sailesh Jain *
Tata India Pharma and Healthcare Fund 1. Meeta Shetty
2. Rajat Srivastava
Rajat Srivastava
Tata Large & Midcap Fund 1. Chandraprakash Padiyar
2. Meeta Shetty *
1. Chandraprakash Padiyar
2. Kapil Malhotra *
Tata Nifty 50 Exchange Traded Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty 50 Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty India Digital ETF Fund of Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty India Digital Exchange Traded Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty Midcap 150 Momentum 50 Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata BSE Sensex Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Gold Exchange Traded Fund 1. Tapan Patel ^
2. Kapil Menon
1. Tapan Patel ^
2. Nitin Sharma
Tata Silver Exchange Traded Fund 1. Tapan Patel ^
2. Kapil Menon
1. Tapan Patel ^
2. Nitin Sharma
Tata Nifty Realty Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty Auto Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty Financial Services Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty MidSmall Healthcare Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty 500 Multicap India Manufacturing 50:30:20 Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty India Tourism Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty 200 Alpha 30 Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty Capital Markets Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata BSE Select Business Groups Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata BSE Quality Index Fund Kapil Menon 1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty Midcap 150 Index Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *
Tata Nifty Private Bank Exchange Traded Fund 1. Kapil Menon
2. Rakesh Prajapati *
1. Nitin Sharma
2. Rakesh Prajapati *

Franklin Templeton Mutual Fund announces change in scheme name
02-Jul-2025 ( 10:35 )
Franklin Templeton Mutual Fund has announced change in scheme name under the following schemes, With effect from 11 July 2025.

Change in the name of the Schemes:

Existing Scheme Name Revised Scheme Name
Franklin India Dynamic Asset Allocation Fund of Funds Franklin India Dynamic Asset Allocation Active Fund of Funds
Templeton India Equity Income Fund Franklin India Dividend Yield Fund
Franklin India Smaller Companies Fund Franklin India Small Cap Fund
Franklin India Prima Fund Franklin India Mid Cap Fund
Franklin India Pension Plan Franklin India Retirement Fund
Franklin India Equity Hybrid Fund Franklin India Aggressive Hybrid Fund
Franklin India Equity Advantage Fund Franklin India Large & Mid Cap Fund
Franklin India Debt Hybrid Fund Franklin India Conservative Hybrid Fund
Franklin India Bluechip Fund Franklin India Large Cap Fund

Invesco Mutual Fund announces change in fund manager under its schemes
02-Jul-2025 ( 11:44 )
Invesco Mutual Fund has announced change in fund manager under the following schemes, With effect from 01 July 2025

Change in Fund Management Responsibilities

Name of the Scheme(s) Names of the existing Fund Manager(s) Names of the new Fund Manager(s)
Invesco India Aggressive Hybrid Fund Equity Investments:
Mr. Dhimant Kothari and
Mr. Hiten Jain
Debt Investments:
Mr. Krishna Cheemalapati
Equity:
Mr. Dhimant Kothari*
and Mr. Hiten Jain
Debt: Mr. Krishna Cheemalapati
Invesco India Balanced Advantage Fund For Equity:
Mr. Dhimant Kothari and
Mr. Amit Ganatra
For Debt: Mr. Krishna Cheemalapati
Equity:
Mr. Dhimant Kothari*
and Mr. Amit Ganatra
Arbitrage:
Mr. Manish Kalani
Debt: Mr. Krishna Cheemalapati
Invesco India Equity Savings Fund Equity Investments:
Mr. Dhimant Kothari and
Mr. Amit Nigam
Arbitrage Investments:
Mr. Deepak Gupta
Debt Investments:
Mr. Krishna Cheemalapati
Equity:
Mr. Dhimant Kothari*
and Mr. Amit Nigam
Arbitrage:
Mr. Deepak Gupta
Debt: Mr. Krishna Cheemalapati
Invesco India PSU Equity Fund Mr. Dhimant Kothari Mr. Dhimant Kothari*,
Mr. Sagar Gandhi and Mr. Hiten Jain
Invesco India Financial Services Fund Mr. Hiten Jain and
Mr. Dhimant Kothari
Mr. Hiten Jain and
Mr. Dhimant Kothari*
Invesco India Multicap Fund Mr. Dhimant Kothari and
Mr. Amit Nigam
Mr. Dhimant Kothari*,
Mr. Taher Badshah and
Mr. Manish Poddar
Invesco India ELSS Tax Saver Fund Mr. Amit Nigam and
Mr. Dhimant Kothari
Mr. Amit Nigam,
Mr. Dhimant Kothari*
and Mr. Deepesh Kashyap
Invesco India Manufacturing Fund Mr. Amit Ganatra and
Mr. Dhimant Kothari
Mr. Amit Ganatra and
Mr. Dhimant Kothari*
Invesco India Multi Asset Allocation Fund Mr. Taher Badshah (Asset Allocation & Equities),
Mr. Dhimant Kothari (Equities)
and Mr. Krishna Cheemalapati
(Fixed Income & Gold/Silver ETFs)
Mr. Taher Badshah (Asset Allocation & Equities),
Mr. Dhimant Kothari (Equities)*
and Mr. Krishna
Cheemalapati (Fixed Income & Gold/Silver ETFs)
Invesco India Arbitrage Fund Mr. Deepak Gupta and Mr. Kuber Mannadi Mr. Deepak Gupta and Mr. Manish Kalani

*Ceases to be Fund Manager with effect from close of business hours of July 1, 2025.

Axis MF announces change in benchmark index under its scheme
02-Jul-2025 ( 10:09 )
Axis Mutual Fund has announced change in the benchmark of Axis Floater Fund with immediate effect

Change in name of Benchmark of Axis Floater Fund

Scheme Name Existing Benchmark Revised Benchmark
Axis Floater Fund NIFTY Long Duration Debt Index A-III NIFTY Medium to Long Duration Debt Index A-III

Groww MF announces change in benchmark index under its scheme
02-Jul-2025 ( 09:53 )
Groww Mutual Fund has announced change in the benchmark of Groww ELSS Tax Saver Fund with effect from June 01, 2025

Change in name of Benchmark of Groww ELSS Tax Saver Fund

Scheme Name Existing Benchmark New Benchmark
Groww ELSS Tax Saver Fund As per AMFI Tier I -Benchmark

BSE 500- TRI

As per AMFI Tier I -Benchmark

Nifty 500 - TRI

ICICI Prudential MF announces Income Distribution cum Capital Withdrawal (IDCW) under Two schemes
01-Jul-2025 ( 09:51 )
ICICI Prudential Mutual Fund has announced 03 July 2025 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:

ICICI Prudential Equity - Arbitrage Fund:

Regular Plan ' IDCW: 0.0500

Direct Plan ' IDCW: 0.0500

ICICI Prudential Multi - Asset Fund:

Regular Plan ' IDCW: 0.1600

Direct Plan ' IDCW: 0.1600

Quantum Mutual Fund announces change in fund manager under its scheme
01-Jul-2025 ( 10:33 )
Quantum Mutual Fund has announced change in fund manager under the following scheme, With effect from 01 July 2025

Change in Fund Manager:

Name of the Scheme(s) Existing Fund Manager(s) Revised Fund Manager(s)
Quantum Liquid Fund and Quantum Dynamic Bond Fund Ms. Sneha Pandey Ms. Sneha Pandey

Mr. Mayur Chauhan

Quantum Mutual Fund announces change in Key Personnel
01-Jul-2025 ( 11:02 )
Quantum Mutual Fund has announced that Mr. Mayur Chauhan has been appointed as a Fund Manager ' Fixed Income on the Board of the Trustee Company with effect from July 01, 2025.

Details of Mr. Mayur Chauhan

Age: 38

Designation: Fund Manager ' Fixed Income

Qualification : B.Com, MBA

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