UTI-BSE Sensex ETF

Change in Fund Managers of the Schemes:

Change in Exit Load:

Change in Fund Managers of the Schemes:

Sundaram Aggressive Hybrid Fund - Regular Plan-Monthly-IDCW Option: 0.250

Sundaram Aggressive Hybrid Fund - Direct Plan-Monthly-IDCW Option: 0.350

Sundaram Balanced Advantage Fund - Regular Plan-Monthly-IDCW Option: 0.080

Sundaram Balanced Advantage Fund - Direct Plan-Monthly-IDCW Option: 0.095

PGIM India Arbitrage Fund:

Regular Plan – Monthly IDCW Option: 0.0825

Direct Plan – Monthly IDCW Option: 0.0831

PGIM India Hybrid Equity Fund:

Regular Plan – Monthly IDCW Option: 0.1842

Direct Plan – Monthly IDCW Option: 0.2026

PGIM India Equity Savings Fund:

Regular Plan – Monthly IDCW Option: 0.0734

Direct Plan – Monthly IDCW Option: 0.0799

Change in Fund Managers of the Schemes:

ICICI Prudential ELSS Tax Saver Fund:

Regular Plan – IDCW: 0.70

Direct Plan – IDCW: 0.70

ICICI Prudential Ultra Short Term Fund:

Regular Plan – Quarterly IDCW: 0.1668

Direct Plan – Quarterly IDCW: 0.1805

ICICI Prudential Bond Fund:

Regular Plan – Half Yearly IDCW: 0.2823

Direct Plan – Half Yearly IDCW: 0.2851

ICICI Prudential Credit Risk Fund:

Regular Plan – Quarterly IDCW: 0.2480

Direct Plan – Quarterly IDCW: 0.2800

Sundaram Equity Savings Fund - Regular Plan - IDCW - Quarterly Option: 0.305

Sundaram Equity Savings Fund - Direct Plan - IDCW - Quarterly Option: 0.305

Sundaram Equity Savings Fund - Regular Plan - IDCW - Half Yearly Option: 0.566

Sundaram Equity Savings Fund - Direct Plan - IDCW - Half Yearly Option: 0.599

Equity mutual funds witnessed a 3% increase in inflows during August, reaching Rs 38,239.16 crore. This was driven by a rise in inflows into sectoral and thematic funds.

The largest category by assets under management remains sectoral and thematic funds, with an AUM of Rs 4.45 lakh crore. While inflows into this category decreased marginally month-on-month, they still contributed 47% of the total inflows into actively managed equity funds.

Small-cap funds saw inflows of Rs 3,209.3 crore in August, compared to Rs 2,109.2 crore in July. Mid-cap schemes attracted investments of Rs 3,054.68 crore, up from Rs 1,644.2 crore in the previous month. Large-cap funds witnessed a significant increase in inflows, rising to Rs 2,636.86 crore from Rs 670.1 crore. Multi-cap funds saw inflows of Rs 2,475.06 crore, down from Rs 7,084.6 crore in July.

Liquid funds recorded an inflow of Rs 13,594.87 crore in August, a stark contrast to the Rs 70,060.9 crore outflow in July. Credit-risk funds experienced outflows of Rs 390.41 crore, compared to Rs 542.8 crore in July. Overall, debt-oriented funds saw inflows of Rs 45,169 crore in August, a 62.23% slump from the Rs 1.19 lakh crore inflow in the previous month.

Around 18 open-ended NFOs were launched in August, collectively raising Rs 13,815 crore. Sectoral/thematic funds dominated this activity, contributing Rs 10,202 crore. Five new sectoral funds were launched in last month.

Monthly SIP contributions reached a record high of Rs 23,547 crore in August, surpassing the previous high of Rs 23,332 crore in July. This marks the second consecutive month where SIP contributions have exceeded Rs 23,000 crore, highlighting investor consistency.

ICICI Prudential Equity & Debt Fund:

Regular Plan – Annual IDCW: 2.30

Direct Plan – Annual IDCW: 2.30

ICICI Prudential Long Term Bond Fund:

Regular Plan – Quarter IDCW: 0.3020

Direct Plan – Quarterly IDCW: 0.3268

ICICI Prudential Regular Savings Fund:

Regular Plan – Quarter IDCW: 0.4381

Direct Plan – Quarterly IDCW: 0.5614

The new fund offer (NFO) is open for subscription from September 5th to 19th, 2024. Investors can choose from regular and direct plans, each with growth and IDCW options.

The HSBC India Export Opportunities Fund aims to provide long-term capital growth by investing in companies across market capitalizations. It will be managed by experienced fund managers Abhishek Gupta and Sonal Gupta. The fund is benchmarked against the Nifty 500 Total Return Index (TRI) and it requires a minimum initial investment of Rs 5,000.

The scheme will maintain a minimum exposure of 80% of net assets in equities & equity related securities of companies engaged in or expected to benefit from export of goods and services. The scheme will remain invested in the export theme regardless of the fundamental outlook, macroeconomic, environment, liquidity / prospects of the companies for this theme. This may result in volatility in scheme performance depending on outlook for the export theme.

The scheme intends to invest primarily in equities and equity-related securities of companies from the sectors/industry having exports with revenue more than 20% from outside India, including IT software and services, pharmaceuticals & biotechnology, automobiles & auto components, telecom services, petroleum products, chemicals, metals, textiles & apparels, industrial products and manufacturing, agricultural food and other products, construction, transport services, electrical equipment, and healthcare services.

The fund also has flexibility to invest upto 20% asset in other equities and equity related securities.

By investing in the HSBC India Export Opportunities Fund, investors can gain exposure to the growing Indian export sector, which is expected to benefit from favorable government policies, supply chain diversification, and competitive advantages. The Indian government has set an ambitious target to achieve $2 trillion exports by 2030 implying exports share to increase to ~29%. The government expects exports to grow at ~15% CAGR over FY24-30, with services likely to grow faster than manufacturing. This will aid India to increase its share in world manufacturing from less than 3% in 2023 to its ambition of 5% in 2030 and 10% in 2047.

Invesco India Technology Fund seeks to generate capital appreciation by investing 80% - 100% in equity & equity related instruments of companies in technology and technology related sectors, companies focused on driving transformative innovations across technology, automation, robotics, artificial intelligence, cloud computing and other technology companies including those benefiting from increased digital adoption.

This fund will adopt both top down and bottom-up approach and will invest across market capitalization balancing large cap stability with midcap growth and small cap potential. The fund will target investments in Indian Technology Companies alongside global technology leaders and innovators.

The fund will be benchmarked to Nifty IT TRI and will be managed by the fund managers, Hiten Jain and Aditya Khemani.

The minimum investment amount during the NFO is Rs 1,000/- and in multiples of Re 1/- thereafter. For SIP investments, the minimum application amount is Rs 500/- and in multiples of Re 1/- thereafter. The fund will charge an exit load of 0.50% for units redeemed / switched out on or before 3 months from the date of allotment. No exit load will be charged if units are redeemed / switched out after 3 months.

The NFO opened for subscription from 3 September, 2024 and it will close on 17 September 2024.

Speaking at the launch, Taher Badshah, chief investment officer, Invesco Mutual Fund said "After a phase of subdued growth, the global IT services sector appears ready for recovery as the global economic environment stabilises and as conditions build for a potential reversal of the hitherto rising global interest rate cycle. Not only has the Indian IT services sector gained share during this period in helping global companies manage costs, but it is also well positioned to accelerate growth going forward as adoption of new technologies revive global discretionary technology spends."

Hiten Jain, fund manager, Invesco Mutual Fund said "Today's world is driven by technology, and businesses are embracing newer technologies, creating new growth opportunities for IT companies. The sector is gaining strength, supported by digitalization, government initiatives, and other factors. Moreover, valuations are reasonable, and we anticipate cyclical recovery in earnings driven by improving business sentiment."

Change in Fund Managers of the Schemes:

The new fund offer (NFO) commenced on September 2, 2024, and will conclude on September 16, 2024. Investors interested in participating can subscribe to the fund during this period.

The fund is open-ended, meaning it will continuously offer new units to investors. It aims to replicate the performance of the Nifty 500 Momentum 50 Total Return Index. The fund provides exposure to stocks that have exhibited strong momentum across the large, mid, and small-cap segments of the Nifty 500 Index.

The Nifty 500 Momentum 50 Index is a carefully curated benchmark that identifies the top 50 companies within the Nifty 500 based on their Normalised Momentum Score. This index adheres to a momentum investing strategy, which involves selecting stocks that have demonstrated recent outperformance. The underlying principle is that stocks performing well in the past are more likely to maintain their momentum in the near future.

The index construction process involves a rigorous evaluation of Nifty 500 stocks based on their price performance over the past 6 months and 1 year. Additionally, the 12-month volatility is adjusted to ensure a balanced approach. The top 50 stocks exhibiting the strongest momentum are then included in the index.

As of August 30, 2024, the Nifty 500 Momentum 50 Index has delivered impressive returns, registering a growth of 69.51% over the past year and 35.77% CAGR over the past five years. This historical performance underscores the potential benefits of investing in momentum-driven strategies.

Change in Exit Load:

Details of Ms. Sonali Tendulkar

Age: 73 years

Designation: Compliance officer

Qualification: B. Com and Company Secretary (ACS)

Change in Fund Managers of the Schemes:

Details of Mr. Chetan Desai

Age: 73 years

Designation: Independent Director

Qualification: Chartered Accountant

Details of Mr. Pradeep Sharma

Age: 52 years

Designation: capacity of Chief Financial Officer

Qualification:Chartered Accountant, Company Secretary

Change in Exit Load: