Retail investors are increasingly opting for systematic investment plans (SIPs) in mutual funds as the industry garnered over Rs 7,600 crore through this route in August, a surge of 47% from the year-ago period.
SBI Mutual Fund has appointed Ashwani Bhatia as Managing Director and Chief Executive Officer.
Motilal Oswal Mutual Fund has revised the minimum lumpsum investment amount, minimum installments for systematic investment plan, systematic transfer plan and systematic withdrawal plan, with immediate effect.
Franklin Templeton Mutual Fund has revised the exit load structure of Franklin India Equity Hybrid Fund.
Reliance Mutual Fund has launched NFO – Reliance India Opportunities Fund – Series A – close ended fund. NFO closes on 21-Sep-2018.