Latest news with #MutualFund
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Business Standard
11-06-2025
- Business
- Business Standard
Groww MF launches Nifty India Internet ETF: Here's all you need to know
Groww Nifty India Internet ETF: Groww Mutual Fund has launched the Groww Nifty India Internet ETF, an open-ended scheme that aims to track the Nifty India Internet Index (TRI). The New Fund Offer (NFO) will open for subscription on Friday, 13 June 2025, and close on Friday, 27 June 2025. This Exchange-Traded Fund (ETF) offers diversified exposure to companies driving India's internet-led transformation. It seeks to invest in companies that derive a significant portion of their revenues from internet-based business models. According to the Scheme Information Document (SID), the Groww Nifty India Internet ETF is free float market capitalisation-weighted, with a cap of 20 per cent per constituent. It is rebalanced quarterly and reconstituted semi-annually, ensuring it remains responsive to market developments. The composition of the Nifty India Internet Index spans six broad sectors, including e-retail and e-commerce, financial technology, internet-enabled retail, stockbroking, digital travel, and online media. Over 83 per cent of the portfolio comprises mid and large-cap stocks. As per , the investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty India Internet Index in the same proportion, with the aim of providing returns before expenses that track the total return of the Nifty India Internet Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. During the NFO, investors can invest a minimum of ₹500 and in multiples of ₹1 thereafter, with units allotted in whole numbers and any remaining amount refunded. After the NFO, only Market Makers and Large Investors (with transactions over ₹25 crores) can buy or redeem units directly from the Mutual Fund in creation unit sizes. According to the SID, post-NFO, the ETF will be listed on the National Stock Exchange (NSE). If units are redeemed, no exit load will be charged. Nikhil Satam, Aakash Ashokkumar Chauhan, and Shashi Kumar are the designated fund managers for the scheme. Who should invest in the Groww Nifty India Internet ETF? According to the SID, the fund is suitable for investors seeking long-term capital appreciation and investment in equity and equity-related instruments of the Nifty India Internet Index. However, investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Time of India
09-06-2025
- Business
- Time of India
Explained: Why holding mutual fund units in demat form makes sense
We live in an age where everything is becoming digital — faster, smarter, and more transparent. The financial sector has been relentlessly trying to innovate to make transactions seamless and investment journeys more efficient. Those who've witnessed the open outcry system of stock exchanges will gladly recall how the shift to online trading and the dematerialization of securities marked a defining leap. What once took days and physical paperwork, now takes just minutes — with a few clicks on a screen. And now, we are witnessing the logical evolution in this journey: Mutual Funds in demat form. Over a decade and a half ago, the Securities and Exchange Board of India ('SEBI') enabled investors to hold Mutual Fund investments — earlier available only as Statement of Account ('SOA') — in demat form through the stock exchange infrastructure. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Help abandoned elders today HelpAge India Donate Now Undo Since then, the depository ecosystem has continually evolved, enabling investors to manage their Mutual Fund holdings with ease. Today, you can convert your Mutual Fund SOA into demat form through your existing account — without the need to open a separate one. This facility is available to the Non-Resident Indians too, offering a unified experience for all investors. Each mutual fund scheme is assigned a unique ISIN, simplifying tracking and portfolio consolidation. Investors can subscribe to fresh units, Systematic Investment Plans , Equity Linked Savings Schemes, and/or New Fund Offers directly through their stockbroker and the units are credited straight into their demat account. Redemption is equally effortless—through your Depository Participants, broker, or electronically via NSDL 's SPEED-e services. Live Events Holding Mutual Fund units in demat form offers several advantages: a single consolidated portfolio view, automatic updates across all holdings, the ability to pledge for margin or loans, simple off-market transfers for gifting, and unified nomination—all within one digital framework. In a nutshell, this evolution aims to bring greater control, efficiency, and transparency to your mutual fund investments. While investors should factor in demat maintenance charges and brokerage fees. At NSDL, we remain committed to trying to enhance investor experience by building digital infrastructure that aims to support financial inclusion and investor empowerment . We believe holding mutual funds in demat form is not just a technical upgrade—it is the foundation of a more connected, secure, and simplified future of investing. So, start your investment journey by holding mutual fund units in your demat account. (The author Vijay Chandok is Managing Director and CEO, NSDL. Views are own) ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
09-06-2025
- Business
- Economic Times
Explained: Why holding mutual fund units in demat form makes sense
iStock The system simplifies investing. NSDL highlights this as a transformative step in India's financial evolution. We live in an age where everything is becoming digital — faster, smarter, and more transparent. The financial sector has been relentlessly trying to innovate to make transactions seamless and investment journeys more efficient. Those who've witnessed the open outcry system of stock exchanges will gladly recall how the shift to online trading and the dematerialization of securities marked a defining leap. What once took days and physical paperwork, now takes just minutes — with a few clicks on a screen. And now, we are witnessing the logical evolution in this journey: Mutual Funds in demat form. Over a decade and a half ago, the Securities and Exchange Board of India ('SEBI') enabled investors to hold Mutual Fund investments — earlier available only as Statement of Account ('SOA') — in demat form through the stock exchange then, the depository ecosystem has continually evolved, enabling investors to manage their Mutual Fund holdings with ease. Today, you can convert your Mutual Fund SOA into demat form through your existing account — without the need to open a separate one. This facility is available to the Non-Resident Indians too, offering a unified experience for all investors. Each mutual fund scheme is assigned a unique ISIN, simplifying tracking and portfolio consolidation. Investors can subscribe to fresh units, Systematic Investment Plans, Equity Linked Savings Schemes, and/or New Fund Offers directly through their stockbroker and the units are credited straight into their demat account. Redemption is equally effortless—through your Depository Participants, broker, or electronically via NSDL's SPEED-e services. Holding Mutual Fund units in demat form offers several advantages: a single consolidated portfolio view, automatic updates across all holdings, the ability to pledge for margin or loans, simple off-market transfers for gifting, and unified nomination—all within one digital a nutshell, this evolution aims to bring greater control, efficiency, and transparency to your mutual fund investments. While investors should factor in demat maintenance charges and brokerage NSDL, we remain committed to trying to enhance investor experience by building digital infrastructure that aims to support financial inclusion and investor empowerment. We believe holding mutual funds in demat form is not just a technical upgrade—it is the foundation of a more connected, secure, and simplified future of investing. So, start your investment journey by holding mutual fund units in your demat account. (The author Vijay Chandok is Managing Director and CEO, NSDL. Views are own) (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Globe and Mail
06-06-2025
- Business
- Globe and Mail
Decision Notice - CIRO Sanctions Jagdish Chandane
TORONTO , /CNW/ - On May 22, 2025 , a hearing panel of the Canadian Investment Regulatory Organization (CIRO) held a hearing pursuant to the Mutual Fund Dealer Rules and accepted a settlement agreement, with sanctions, between Enforcement Staff and Jagdish Chandane . Jagdish Chandane admitted to failing in his obligations regarding the proper execution of client account documents, resulting in the collection, possession, and use of pre-signed and altered client account forms. Pursuant to the settlement agreement, Jagdish Chandane agreed to a fine of $15,000 and costs of $2,500 . The Settlement Agreement is available at: Chandane, Jagdish – Settlement Agreement The hearing panel's decision will be made available at At all material times, Jagdish Chandane conducted business with Investia Financial Services Inc. in the Oakville, Ontario area. Jagdish Chandane is currently active in the industry as a dealing representative with Investia Financial Services Inc. The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians' trust in financial regulation and the people managing their investments. For more information, visit All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers) and the Universal Market Integrity Rules (UMIR) is available on CIRO's website. Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322. CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.
Yahoo
04-06-2025
- Business
- Yahoo
DALBAR's Latest Investor Behavior Research Reveals Continued Outperformance by Variable Annuity Investors
MARLBOROUGH, Mass., June 4, 2025 /PRNewswire/ -- DALBAR has released the newest edition of its renowned Quantitative Analysis of Investor Behavior – Variable Annuities (QAIB-VA) report. The annual study examines how investor behavior influenced returns within variable annuities in 2024, delivering essential findings for financial professionals and investors alike. Built on the foundation of DALBAR's industry-leading QAIB research, the QAIB-VA report applies the same behavioral analysis to variable annuity investors. Key Findings Include: The Average Equity Subaccount Investor gained 19.60% in 2024, once again outperforming the Average Equity Mutual Fund Investor, who gained 16.54%, a difference of 3.06%. Retention rates also remained higher for the Average Equity Subaccount Investor, at 5.23 years, compared to 4.79 years for the Average Equity Mutual Fund Investor. The full report is available now at DALBAR has a 49-year history and is recognized by the industry and government as an independent third-party expert in the business of providing audits, evaluations, ratings, and due diligence. DALBAR certifications are a hallmark of excellence in the financial services community. Media Contact: Emily Kunka617.624.7136ekunka@ View original content to download multimedia: SOURCE DALBAR, Inc. Sign in to access your portfolio
