Latest news with #Nifty50IndexFund
Business Standard
30-04-2025
- Business
- Business Standard
UTI AMC slides as Q4 PAT tanks 46% to Rs 87 crore; declares dividend of Rs 48/sh
UTI Asset Management Company tumbled 2.30% to Rs 1,050.75 after the company's consolidated net profit tanked 46.26% to Rs 87.46 crore in Q4 FY25, compared with Rs 162.76 crore in Q4 FY24. Total revenue from operations fell 9.65% YoY to Rs 375.91 crore during the quarter. Profit before tax stood at Rs 154 crore in Q4 FY25, down by 29.34% from Rs 217.96 crore in Q4 FY24. The total assets under Management (AUM) for UTI Asset Management Company stood at Rs 21,05,349 crore. Equity assets (Active + Passive) contributed 69% to UTI MFs total average AUM. As on 31 March 2025, UTI MFs quarterly average assets under management (QAAUM) was Rs 3,39,750 crore. The ratio of equity-oriented QAAUM to non-equity-oriented QAAUM stood at 69:31, compared to the industry ratio of 60:40. The total number of live folios as of 31 March 2025 was 1.33 crore. Gross inflows mobilized through SIP for the quarter ended 31 March 2025 totaled Rs 2,215 crore. SIP AUM as of the quarter-end stood at Rs 37,591 crore, reflecting a growth of 22.26% compared to 31 March 2024. Digital purchase transactions increased to 49.71 lakh for the quarter ended 31 March 2025, marking a 42% rise compared to the same quarter in 2024. Imtaiyazur Rahman, managing director & chief executive officer, UTI AMC said, Financial Year 2025 has been an important one for UTI AMC in many aspects. The growth we witnessed reflects the resilience of our strategies and the confidence our investors have placed in us. We continue to have a strong hold in B30 cities vis-vis industry and to strengthen our presence further; we opened 68 new UTI Financial Centres across the length and breadth of the country. Another key milestone was the 25th anniversary of our Nifty 50 Index Fund, a testament to the trust our investors and stakeholders have in us. Considering the increased demand for diversification, we launched UTI Quant Fund in January 2025, followed by two additional passive funds, expanding our range of innovative investment solutions. We continue to offer competitive solutions to our investors and partners to make the most of the growth opportunities arising in this era of Viksit Bharat and create value for our stakeholders. The board of directors of the company has proposed a final dividend of Rs 26 per equity share and an additional special dividend of Rs 22 per equity share, taking overall final dividend to Rs 48 per equity share for financial year 2024-2025. The same is subject to the approval of shareholders at the ensuing annual general meeting. UTI Asset Management Company (UTI AMC) is Investment Manager to UTI Mutual Fund. It is incorporated under the Companies Act, 1956 and was approved to act as an Asset Management Company for UTI Mutual Fund by SEBI on 14th January 2003. UTI AMC is registered as Portfolio Manager with SEBI and through its subsidiary it acts as Fund manager for AIF, among others. It also has a countrywide network of branches along with a diversified distribution network.
Mint
29-04-2025
- Business
- Mint
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
Fashion Value Chain
25-04-2025
- Business
- Fashion Value Chain
NFO alert: Invest in a growing India's corporate leaders with Bajaj Finserv Nifty 50 Index Fund
The volatility in the stock market has caused jitters among investors. However, investment opportunities can often be found even in seemingly unfavourable times. Bajaj Finserv AMC has launched the Bajaj Finserv Nifty 50 Index Fund The latest market correction, for instance, presents an opportunity to invest in large cap companies. As per data from NSE, the Nifty 50 Index as on February 28, 2025, was trading below its average historical* valuations, putting it in a favourable position for long-term investment. *Past performance may or may not be sustained in the future. Against this backdrop, Bajaj Finserv AMC has launched the Bajaj Finserv Nifty 50 Index Fund. The New Fund Offer period began on April 25, 2025, and is on till May 9, 2025. This article tells you more about why this may be an opportune moment to invest in a growing India's corporate giants. What is a Nifty 50 Index Fund An index fund is a passively managed mutual fund that replicates the portfolio of a stock market index. The fund's portfolio comprises the same stocks in the same weightage as the benchmark and the fund seeks to mirror the performance of that index, subject to tracking error. The Nifty 50 Index Fund comprises the companies top 50 companies in terms of market capitalisation listed on the National Stock Exchange. Typically, these are industry leaders with strong a market presence, healthy balance sheets and a track record* of sustainable growth. A Nifty 50 Index Fund gives investors a convenient way to invest in these companies without having to select individual stocks. Some of its advantages include: Diversification: Exposure across multiple sectors reduces reliance on any single company's performance. Lower costs: Index funds generally have lower expense ratios compared to actively managed funds. Market-aligned performance: The Nifty 50 has historically* delivered relatively stable returns over extended periods, making it a suitable option for those seeking long-term wealth creation with lower volatility. *Past performance may or may not be sustained in the future. Why invest in a Nifty 50 Index Fund now India's economy is on an upward trajectory, and its large corporations have been significant contributors to this growth. India's economy became the fifth largest in the word in 2023, and is projected to reach No. 3 by 2030, following only the United States and China*. *Source: Bloomberg, IMF, World Bank 2030 estimates from CEBR (The Centre for Economics and Business Research) Moreover, the current market environment has created an opportunity for long-term investments in the large cap space. Data indicates that the index is currently trading at lower-than-average Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios. For instance, the Nifty 50 trailing P/E was at 19.67 as of Feb 28th, 2025, well below the historical average of 24.81, as per data from NSE India. The Nifty trailing P/B, similarly, was at 3.29, against a historical average of 3.69. In simpler terms, this means that valuations for the Nifty 50 companies are below historical averages. *Past performance may or may not be sustained in the future. What should investors do If this trend plays out, large caps could offer better risk-reward compared to mid and small caps in the near term. Investors may consider rebalancing their portfolio accordingly. However, market conditions and valuations should always be assessed before making investment decisions. Stock markets go through cycles, and after a period of correction, indices often recover*. Undervalued stocks – those that are trading at a price lower than their intrinsic value – offer growth potential because investors get the opportunity to buy them at favourable prices and potentially make gains when if rest of the market recognises their true potential. The recent correction has created also a widening gap between Nifty 50 earnings and valuations. This valuation gap, given the fundamental qualities of the Nifty 50's companies and their market positions, positions the index favourably for potential future growth. *Past performance may or may not be sustained in the future. Bajaj Finserv Nifty 50 Index Fund For those looking to gain exposure to the Nifty 50, a well-structured index fund can provide a convenient and cost-effective way to participate in the market. The upcoming Bajaj Finserv Nifty 50 Index Fund can be one such avenue. Here are some of its key features: Relatively lower expense ratio than actively managed funds. Aims to closely replicate the performance of the Nifty 50 with minimal tracking difference. No fund manager bias and minimal intervention. Focus on delivering the potential for long-term wealth creation through a disciplined passive investment strategy. During the ongoing NFO period (ending on May 9, 2025), units will be available at a face value of Rs. 10. Thereon, when the fund reopens for subscription, units will be available at the applicable Net Asset Value. Both lumpsum and Systematic Investment Plan options are available. You can invest directly through Bajaj Finserv AMC online or offline, or through a registered mutual fund distributor. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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Business Standard
21-04-2025
- Business
- Business Standard
Bajaj Finserv rolls out low-cost index funds to ride market growth
Bajaj Finserv Asset Management Company (AMC) has launched two new passive funds, the Bajaj Finserv Nifty 50 Index Fund and Bajaj Finserv Nifty Next 50 Index Fund, to expand its offerings in the index fund space. Both are open-ended index funds designed to provide long-term capital appreciation by tracking the performance of their respective benchmark indices. The funds aim to offer investors a low-cost, transparent, and efficient way to participate in India's large-cap equity market. The Bajaj Finserv Nifty 50 Index Fund is benchmarked against the Nifty 50 Total Return Index (TRI), while the Bajaj Finserv Nifty Next 50 Index Fund is benchmarked against the Nifty Next 50 TRI. The schemes replicate the respective indices by investing in the same set of constituent stocks, thereby reducing tracking error. Key highlights of the funds Broad market access: Offers exposure to India's top 100 companies through Nifty 50 and Nifty Next 50 indices. Disciplined approach: Index replication helps minimise short-term volatility and emotional decision-making. Long-term focus: Suitable for investors seeking steady equity growth without frequent portfolio changes. Fund details - Bajaj Finserv Nifty 50 Index Fund: Tracks Nifty 50 TRI; focuses on India's 50 largest companies - Bajaj Finserv Nifty Next 50 Index Fund: Tracks Nifty Next 50 TRI; targets the next rung of high-growth large caps - Fund manager: Ilesh Savla - Structure: Open-ended schemes - Availability: Growth and IDCW (Income Distribution cum Capital Withdrawal) options - Exit/Entry Load: None - SIP/SWP/STP: Available Minimum application: Nifty 50 Index Fund: Rs 500 and in multiples of Rs 500 thereafter Nifty Next 50 Index Fund: Rs 500 and in multiples of Rs 1 thereafter Ganesh Mohan, managing director of Bajaj Finserv AMC, said, 'The launch of our new passive funds reflects our belief that high-quality investment solutions should be accessible, transparent, and cost-effective. As more individuals look for smarter ways to grow their wealth, low-cost passive strategies offer a disciplined and efficient path forward.' Nimesh Chandan, chief investment officer at the AMC, said, 'Index funds offer investors staple, cost-effective exposure to the broader markets. Our current focus on large-cap indices signals our constructive and bullish view on this segment, which we believe offers stability and long-term growth potential in the current environment.'
