Investing in mutual funds has become increasingly popular over the past few years. However, choosing the right mutual fund can sometimes be a daunting task. If you want to grow your money, make sure to invest long term mutual funds, It is important to keep in mind the consistency and performance over a period of time before investing in any mutual fund.
From mutual funds to new fund offerings (NFOs) to silver exchange-traded funds (ETFs) gaining popularity among investors. Let’s take a look at the three big events of the week MF investor must know
The average ticket size of retail investors has declined 68,321 in FY23
mutual funds Has gained popularity among investors as an investment vehicle, although the average ticket size of retail investors has fallen to close to 3 percent 68,321 in March this year. The average account size of retail investors was 70,199 by March 2022 as compared to an average account size of Rs. 68,321 at the end of March this year, according to data published by the Association of Mutual Funds in India (AMFI).
UTI Mutual Fund launches UTI Nifty 500 Value 50 Index Fund
UTI Mutual Fund has launched UTI Nifty 500 Value 50 Index Fund, an open ended scheme replicating/tracking Nifty 500 Value 50 Total Return Index. [TRI], The New Fund Offer closes for subscription on May 8. The performance of UTI NIFTY 500 Value 50 Index Fund will be benchmarked against NIFTY 500 Value 50 TRI. The scheme will be managed by Shravan Kumar Goyal and Ayush Jain. The scheme will offer subscription and redemption of units at the NAV applicable on each business day within five business days from the date of allotment.
Silver ETFs getting investors’ attention; access to asset base 1,800 crores
Silver Exchange-Traded Fund (ETF) are becoming popular among investors as the newly created investment class has attracted almost 1,800 crore by March 2023, within a year and a half of the product being introduced by markets regulator SEBI. According to data from the Association of Mutual Funds in India (Amfi), there are seven silver ETFs in the industry – Nippon India Silver ETF, ICICI Prudential Silver ETF, Aditya Birla Sun Life Silver ETF, HDFC Silver ETF, Axis Silver ETF, Kotak Silver. ETF, and DSP Silver ETF– with Assets Under Management 1,792 crore by March 2023.
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