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Nippon India Mutual Fund is launching two new index fundsNifty 500 Low Volatility 50 and Nifty 500 Quality 50opening for subscription on April 16 with a minimum investment of Rs 1,000.
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Around nine mutual funds saw a decline by more than Rs 200 crore in their AUM in March. We considered all equity and equity oriented schemes including sectoral and thematic funds. Here is a detailed breakup. (Source: ACE MF)
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Equity mutual funds saw strong gains last week with international schemes leading. Top five performers delivered over 10 percent returns while 15 mostly global funds ended negative.
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