Latest news with #9-12MonthsDebtIndexFund
Mint
18 hours ago
- Business
- Mint
Stock market this week sees big moves—Check the top gainers and losers
India's foreign exchange reserves saw a healthy rise of $2.29 billion, touching a new total of $698.95 billion for the week ending June 13, 2025, according to the latest data from the Reserve Bank of India. This consistent growth in forex reserves reflects the country's strong external position and the confidence of global investors in the Indian economy. The increase is likely supported by gains in foreign currency assets, gold holdings, and Special Drawing Rights (SDRs). A robust forex reserve buffer not only strengthens India's ability to manage external shocks but also enhances the country's creditworthiness and macroeconomic stability. This upward trend provides the RBI with more room to manage currency volatility, support the rupee when required, and ensure smooth financing of the current account deficit. Overall, the steady accumulation of reserves underscores India's resilience and growing economic stature on the global stage. The Initial Public Offering (IPO) of Arisinfra Solutions Limited has received an encouraging response from investors, closing with an oversubscription of 1.32 times. This reflects growing investor confidence in the company's business model and future prospects. Arisinfra Solutions, known for its expertise in infrastructure and engineering solutions, attracted interest across various investor categories, including retail, high-net-worth individuals (HNIs), and institutional investors. The oversubscription indicates a healthy demand for the company's shares and highlights market optimism surrounding infrastructure development and allied services in India. The company's focus on innovative project delivery, operational efficiency, and its growing footprint in the infrastructure sector have contributed to this positive sentiment. With the IPO now concluded successfully, the next steps include the finalization of share allotment and eventual listing on the stock exchange. The strong subscription figures signal a promising start for Arisinfra Solutions as it prepares to enter the public market. Mirae Asset Mutual Fund has introduced two new investment opportunities through its latest NFOs: the Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund (Growth – Direct Plan) and the Mirae Asset Income Plus Arbitrage Active FoF (Growth – Direct Plan). The debt index fund offers investors access to a portfolio of high-quality financial sector instruments with a defined maturity range of 9 to 12 months, making it ideal for those seeking short-term, stable returns with low interest rate sensitivity. Meanwhile, the arbitrage active FoF provides a balanced approach by investing in arbitrage opportunities and income-generating schemes, aiming to deliver consistent returns with lower volatility. This fund leverages price differences in equity markets while dynamically allocating assets to optimize returns. Both funds reflect Mirae Asset's commitment to offering innovative, low-risk strategies tailored to diverse investor needs, making them attractive options for those looking to diversify their portfolios and align with evolving market dynamics. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
Time of India
12-06-2025
- Business
- Time of India
NFO Alert: Mirae Asset Mutual Fund launches funds focused on dynamic allocation and financial sector fixed income strategy
Mirae Asset Mutual Fund has announced the launch of new fund offers (NFOs) for two distinct funds, catering to evolving investor preferences in a dynamic rate and liquidity environment. The two new funds offer differentiated approaches— a dynamic strategy blending arbitrage and debt allocations and a passively managed constant maturity strategy focused on the AAA-rated financial services segment. The new funds are Mirae Asset Income Plus Arbitrage Active FOF and Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund. Mirae Asset Income Plus Arbitrage Active FOF is an open-ended fund of funds scheme investing in units of actively managed debt oriented and arbitrage mutual fund schemes, and Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund is an open-ended index fund tracking CRISIL-IBX Financial Services 9-12 Months Debt Index. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Also Read | Mutual funds reduces overall cash allocation by Rs 6,200 crore to Rs 2.17 lakh crore in May The new fund offer or NFO for Mirae Asset Income Plus Arbitrage Active FOF will open for subscription on June 16 and will close on June 30. The new fund offer for Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund will open on June 17 and will close on June 23. Mirae Asset Income Plus Arbitrage Active FOF will re-open on July 7 while Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund Scheme re-open on June 26. Live Events 'We are optimistic about the potential of the Mirae Asset Income plus Arbitrage Active FOF to adapt to diverse market environments. While on one hand, active allocation across debt fund categories will help deal with a volatile fixed income space, ability to opt for Arbitrage funds when it offers a better opportunity will be an additional feature' said Mahendra Kumar Jajoo, CIO – Fixed Income, Mirae Asset Investment Managers (India). 'The Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund offers a low duration, low credit risk strategy through a passively managed index approach. It tracks a basket of AAA-rated financial sector issuers including banks, NBFCs, and HFCs with 9–12-month maturities. With a roll down strategy and attractive term spreads in the sector, it offers a good option for accrual strategy orientation with a bit of capital gains possibility' said Amit Modani, Dealer -Fixed Income & Fund Manager, Mirae Asset Investment Managers (India). For both schemes, the minimum initial investment during the new fund offer will be Rs 5,000 with subsequent investments in multiples of Re 1 thereafter. SIP will be available starting from Rs 99. Mirae Asset Income Plus Arbitrage Active FOF The scheme seeks to deliver stable and tax-efficient returns through a dynamic allocation between arbitrage and debt mutual fund schemes based on macroeconomic outlooks. The allocation can range between 35% to 65% each in actively managed arbitrage and debt mutual fund schemes, based on a disciplined 3-step process analyzing interest rate trends, arbitrage spreads, and debt market signals. The portfolio will be assessed monthly, especially around futures expiry, to ensure optimal allocation based on prevailing market conditions The scheme aims to act as an all-seasons vehicle for investors seeking stability, moderate risk, liquidity, and tax efficiency. Also Read | JioBlackRock Mutual Fund files draft documents with Sebi to launch its first 2 debt schemes Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund The fund is designed to track the CRISIL-IBX Financial Services 9-12 Months Debt Index, offering investors exposure to high-quality Commercial Papers (CPs), Certificates of Deposits (CDs), and bonds issued by AAA-rated financial services companies such as Public Sector Banks (PSU) and private banks, Non-Banking Financial Companies (NBFCs), and Housing Finance Companies (HFCs). The index follows a constant maturity roll-down strategy, maintaining instruments with 9-12 months maturity, and benefits from the term premium and declining yields as securities approach maturity. The portfolio is diversified across issuers with no single issuer exceeding 15% and rebalanced semiannually. With a Modified Duration of 0.65 years and Yield to Maturity (YTM) of 6.44% (as of June 10, 2025), the fund offers a compelling low-risk investment for investors seeking income with low interest rate sensitivity.
