Fidelity Mutual Fund today announced the launch of its Fidelity India Value Fund, an open-ended, diversified equity fund.
The company is also looking at launching its international funds in the Indian market, a top company official said here.
“With the launch of the India Value Fund, we are broadening our offering of equity funds.
Sahara Mutual Fund has announced the re-opening of its equity scheme “Sahara Star Value Fund” with effect from September 18, 2009.
MIP is a debt oriented fund having a mandate of investing majority into debt instruments (75-85%) and a small part of its assets (generally 15-25%) into equities.
UTI Mutual Fund announces the launch of a unique scheme “UTI Wealth Builder Fund-Series II” which combines the benefits of both equity and gold.
The fund chosen should also meet the investor’s risk tolerance level.
The Indian mutual fund industry is growing at a phenomenal rate, with the assets under management increasing by 376.11% in the past 5 years.
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