Two new mutual funds launched in India, promise high returns

New Delhi - Two new mutual funds were launched in India on December 1, 2023. Both funds claim to offer high returns to their subscribers.

WhiteOak Capital Large & Mid Cap Fund

WhiteOak Capital Mutual Fund launched the WhiteOak Capital Large & Mid Cap Fund. The fund invests in large and mid-cap companies listed on Indian stock exchanges. The minimum investment amount is ₹500, and subsequent investments can be made in multiples of ₹1. There is a 1% exit load if redemption is made within one month of investment.

The fund will be managed by Ramesh Mantri (equity), Tripti Aggarwal (assistant fund manager), Piyush Barnwal (debt/fixed income), and Shariq Merchant (international investments). The fund will be benchmarked against the S&P BSE 250 Large & Mid Cap TRI.

Axis Manufacturing Fund

Axis Mutual Fund launched the Axis Manufacturing Fund. The fund invests in manufacturing companies listed on Indian stock exchanges. The fund has a target to raise ₹2,500 crore during the offer period.

The fund will be managed by Shreyas Devlakkar and Nitin Arora. The fund will track the Nifty India Manufacturing TRI index. The fund will be open for subscription from December 1 to December 15, 2023.

Investors' future in the hands of fund managers

Ultimately, the future of thousands of investors will be in the hands of the fund managers of these two new funds. If you are familiar with Ramesh Mantri, Tripti Aggarwal, Piyush Barnwal, Shariq Merchant, Shreyas Devlakkar, and Nitin Arora, you can invest in their funds.

Disclaimer: Please consult your financial advisor before making any investment decisions. Always remember that when you invest in the stock market, the risk is always yours.