8 new fund offers are lined up for investors as Indian stock market starts rising again. See details
The Sensex and the Nifty 50 rose over 1 per cent each amid largely positive global cues on Monday. The Sensex jumped 1.4 per cent, while the Nifty 50 spiked 316 points, or 1.3 per cent, to reclaim the level of 24,355. On Tuesday, however, the market ended flat. In the past few days, markets have been on an upswing with concerns regarding trade tariffs abating and foreign investors becoming net buyers during the second half of April.
Amid this renewed bull run, mutual fund houses have also announced a number of new fund offers, most of which are passive schemes.
Bajaj Finserv Nifty 50 Index Fund: Launched on April 25, this new fund offer will close on May 9. This is an index fund which will track the performance of Nifty50.
DSP Silver ETF Fund of Fund: Launched by DSP Mutual Fund, this scheme falls in the category of fund of funds (domestic). It was launched on April 28 and will close on May 9. It seeks to generate returns which are in line with the performance of physical silver in domestic prices.
Edelweiss BSE Internet Economy Index Fund: Launched by Edelweiss Mutual Fund on April 25, this scheme will close for investors on May 9. This is an index fund which will track the returns of the BSE Internet Economy Total Return Index.
SBI Income Plus Arbitrage Active FOF: Launched by SBI Mutual Fund, this fund offer was opened on April 23 and will close on April 30. The objective of the scheme is to generate regular income and capital appreciation by investing in a blend of units of actively managed debt-oriented schemes and actively managed arbitrage mutual fund schemes.
Groww Gilt Fund: Launched by Groww Mutual Fund on April 23, this new fund offer is a debt scheme (Gilt fund) that will close on May 7. It seeks to generate credit risk-free returns by predominantly investing in sovereign securities issued by the central and state governments.
Motilal Oswal Infrastructure Fund: Launched on April 23, this sectoral/thematic scheme's offer will close on May 7. The scheme will primarily invest in the stocks of companies that are operating in India's infrastructure sector.
Nippon India Nifty 500 Low Volatility 50 Index Fund: Launched on April 16, the new fund offer will close on April 30. Investment in this scheme will provide returns commensurate with the total returns of the securities as represented by the Nifty 500 Low Volatility 50 Index.
Nippon India Mutual Fund has also launched another fund offer — the Nifty 500 Quality 50 Index Fund. The offer was launched on April 16 and will close on April 30.
UTI Multi Cap Fund: Launched by UTI Mutual Fund on April 29, this multi cap scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of companies across the market cap. The offer will close on May 13.
Visit here for all personal finance updates.
First Published: 29 Apr 2025, 05:31 PM IST
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
36 minutes ago
- Hindustan Times
Market opening bell: Sensex tanks 487 points, Nifty at 24,961 day after US strikes Iran
Benchmark indices Sensex and Nifty declined in early trade on Monday, June 23, day after the US attacked three nuclear sites in Iran, raising concerns over escalating conflict in the Middle East. The market remained volatile in the early trade on Monday.(Pixabay) The 30-share BSE Sensex declined 487 points to 81,920 in early trade. The 50-share NSE Nifty dropped -0.6% to 24,961. The Asian markets, meanwhile, plunged on Monday, while the US stock market closed in red following the US' strike on Iran. On Friday, the Indian benchmark indices had snapped a three-day losing streak, rising over 1%, largely due to US President Donald Trump's decision to delay action in Israel's offensive against Iran.
News18
37 minutes ago
- News18
Stock Market Updates: Sensex Tanks Over 700 Points, Nifty Below 24,950 Mark In Pre-Open
Last Updated: Indian benchmark indices Sensex and Nifty are expected to open on a cautious note today Sensex Today: Indian benchmark indices Sensex and Nifty are expected to open on a cautious note today, as a sharp rise in crude oil prices and escalating geopolitical tensions weigh on investor sentiment. The situation intensified after the United States directly entered the Israel-Iran conflict with strikes on Iranian nuclear facilities, sparking fears of a broader regional war and unsettling global markets. Adding to the pressure, mixed global cues and institutional fund flows are likely to influence market direction in today's session. As of 8:20 AM, GIFT Nifty futures were trading 112 points lower at 25,111, indicating a gap-down start for domestic equities. Global Cues Asia-Pacific markets tumbled on Monday following the US airstrikes on three Iranian nuclear sites, which raised the spectre of a wider conflict in the Middle East and drove oil prices higher. Brent crude rose 2.62% to $79.06 per barrel, while West Texas Intermediate (WTI) gained 2.75% to $75.89 per barrel. Oil prices have been on an upward trend in recent weeks due to rising geopolitical instability in the region. Gold also surged amid the uncertainty, jumping 2.95% to $3,379.60 per ounce as investors flocked to safe-haven assets. In equities, Japan's Nikkei dropped 0.74%, while the broader Topix fell 0.64%. South Korea's Kospi lost 1.22%, and Australia's ASX 200 declined 0.76%. US stock futures retreated during early Asian trading hours. Dow Jones futures were down 0.3%, while S&P 500 and Nasdaq 100 futures slipped 0.3% and 0.4%, respectively. On Wall Street last Friday, two of the three major indices closed in the red. The S&P 500 shed 0.22%, marking its third consecutive loss, and the Nasdaq Composite dropped 0.51%. The Dow Jones Industrial Average, however, inched up by 0.08%. About the Author Aparna Deb Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: News business » markets Stock Market Updates: Sensex Tanks Over 700 Points, Nifty Below 24,950 Mark In Pre-Open
Economic Times
39 minutes ago
- Economic Times
How to trade Nifty after US bombs Iran? Rupak De shares his playbook
The current setup supports a bullish view, with the price likely to move towards 1900. On the lower end, support is placed at 1629. As geopolitical tensions flare with the US bombing Iran and the Israel-Iran conflict deepening, nerves are fraying on Dalal Street. Yet, amid the chaos, Nifty has managed to inch above the stubborn 25,000 mark. Rupak De, Senior Technical Analyst at LKP Securities, breaks down why this level matters now more than ever—and how traders should navigate the monthly expiry and beyond in these high-volatility times. Edited excerpts from a chat: Nifty has been struggling to move sustainably higher than the 25,000-mark for the last few weeks, as visible this time again. On the fundamental side, triggers are missing and the market is worried about Middle East tensions. Will 25,000 remain key support level? For the past month or so, Nifty has been struggling to decisively move past the 25,000 mark. Although it managed to close above this level on multiple occasions, the lack of follow-up buying—mainly due to the volatile geopolitical situation—kept the index oscillating around 25, from being a psychological level, heavy Call writing also acted as a resistance, capping Nifty below 25,000. Now, with Nifty closing 100 points above 25,000, Call writers are feeling the pressure. Sustained trade around this level could trigger short covering in Calls, potentially leading to a further rally. On the downside, 25,000 is now expected to act as the immediate support. Give us your trading strategy for Nifty monthly expiry next week. What are the levels to watch out for? I believe Nifty will remain a 'buy on dips' as long as it stays above 24,850 (December 2024 high). Alternatively, aggressive traders may consider buying the 25,200 Call option above 110, targeting 180, with a stop-loss below 70. With BSE and NSE swapping their expiry days with effect from September, how would your trading strategy change when it comes to index options? With the expiry change, NSE option traders as well as intraday traders are likely to adjust their strategies. Monday will now act like the new Wednesday, as current weekly options will start losing value sharply from Monday itself. Tuesday, being the new expiry day, is expected to see heightened volatility—offering more opportunities for intraday traders. For Nifty weekly option traders, the fastest time decay will now occur between Friday and Monday, due to the weekend effect. As a result, option sellers may find it more favorable to initiate short positions on Friday, depending on other market conditions. For me, it will provide more room to frame strategies involving short options on Friday. For derivative traders, Thursday has been associated with Nifty expiry day for many years. Now with Sensex coming in on Thursday, how do you see trader interest evolving in Sensex contracts? Going forward from September contract when new expiry-day shifting comes into effect, post-policy-day moves could be better captured through BSE options, since most policy announcements (like RBI meetings) typically occur mid-week—making BSE's Thursday expiry more strategically aligned for such plays. The broader market underperformed this week. Are the charts hinting at revival in small and midcaps? Though midcap and smallcap stocks struggled during the week, the latest daily chart closing suggests a decent catch-up rally may be on the cards in the short term, with smaller companies likely to outperform their larger counterparts. Therefore, I expect a smart recovery in the mid and smallcap space in the coming days. Waaree Energies surprised investors on Friday with a sharp 12% jump. How to trade the stock on Monday? After a sharp rally, the risk-reward ratio no longer appears favorable for fresh entries. However, the overall sentiment remains strong, and a buy-on-dips approach would be a better way to enter the stock at the current juncture. Buying near 2,900 with a stop-loss below 2,800 seems like a more prudent strategy. Give us your top ideas for the week ahead. Buy INDUSTOWER @ 404.60 | TGT: 430 | SL: 389 The stock has moved up sharply following a period of sideways consolidation on the daily chart, indicating rising optimism. Moreover, the 21EMA and 50EMA have given a bullish crossover, supporting the positive view. The RSI is in a bullish crossover and rising. The current setup aligns well with a bullish outlook, with the price likely to rise towards 430. On the lower end, support is placed at 389. Buy NAVA @ 565 | TGT: 600 | SL: 539 The stock has given a rounding bottom breakout on the daily chart, suggesting bullishness. In addition, the 21EMA and 50EMA have given a bullish crossover, reinforcing the positive view. The RSI is in a bullish crossover and rising on the hourly chart. The current setup supports a bullish outlook, with the price expected to move towards 600. On the lower end, support is placed at 539. Buy CDSL @ 1680 | TGT: 1900 | SL: 1629 After a brief correction, the stock looks poised to rise again. The price found support at the 21EMA before moving higher, signalling positive sentiment. The RSI is in a bullish crossover and rising on the hourly chart, indicating early signs of strengthening momentum. The current setup supports a bullish view, with the price likely to move towards 1900. On the lower end, support is placed at 1629.
