MF News:

  • 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.

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