New Fund News

The fund will invest in a diversified portfolio of companies that are driving innovation across themes such as fintech, specialty chemicals and pharma, auto & auto ancillaries, internet-based businesses and MNCs, among others

Fund will invest in 45 stocks and have a 70:30 domestic-global split, giving investors the benefit of equity taxation in India

In an NFO, you can subscribe to the units of the new fund, which is being launched, at an offer price which is usually set as ₹10After the NFO, an open-ended mutual fund becomes available for purchase and redemption on an on-going basis at the net asset value

Matrix Partners will continue to stay bullish on ventures in the consumer internet space, while being more selective in sectors such as fintech, says founder Avnish Bajaj

ICICI Prudential Mutual Fund hopes to raise ₹1,200-2,000 crore from its India Opportunities Fund, an official said

The Reliance Nippon new fund offer (NFO) will open for anchor investors on 27 November and for other investors on 28-30 November

Rabo Equity Advisors will be reaching out to both domestic and foreign investors for its third fund that will look for investment opportunities in distressed food and agriculture businesses

Aavishkaar Group's eighth fund, which is aiming for a first close by end-2019, will consciously avoid India and China and focus on smaller markets of Vietnam, Indonesia, Myanmar and Laos, among others

Although we have reduced the basket of funds to 30 from the earlier 50, four new funds have entered the Mint30 list

NewsDog will use the funding to pursue its goal of empowering individuals and professional content creators to showcase their work and reach the digital public