The scheme was wound up as the scheme was not able to meet the asset under management criteria
Mutual funds attributed the increased interest in SIPs to investor education and robust performance of equity schemes
The scheme will avoid sector and stock allocation bias
The sudden spike in bank deposits and consequent decline in interest rates following demonetisation on November 8, 2016 led to surge in inflow into equity mutual funds, an analyst said.
This week marked the first anniversary of demonetisation, a move that had taken the entire country by surprise and caught nearly everyone on the wrong foot as far as their personal finances were concerned.
The scheme seeks to generate capital appreciation over a period of ten years by investing predominantly in equity and equity related securities of midcap companies along with income tax benefit
Favourable economic scenario makes products like income, dynamic and gilt funds a reasonable bet once again.
Franklin Templeton investments also stated that the central bank reinstated that it would “see through” inflation prints for the next couple of months before taking any action.
This also marks the 14th straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016.
Ganesh had joined Tata Mutual Fund on June 29, 2015
Mahesh Patil of Birla Sun Life Asset Management Company said that results were better due to a few companies. He sees consumption to benefit on good monsoon, but GST could have an impact for one quarter.
Reserve Bank of India kept the key policy rate unchanged at 6.25 percent for the fourth time in a row.
The fund house is bullish on financials, consumer discretionary, and cement
In comparison, the assets under management (AUM) of the MF industry, comprising 42 players, were at an all-time high of Rs 19.26 lakh crore at the end of April, as per the data of Association of Mutual Funds in India (Amfi).
Earnings growth in the economy will pick up from FY18-19 onwards, says Anand Shah, Deputy CEO & CIO, BNP Paribas MF.
The open-ended equity scheme will invest at least 65 percent of its corpus in equity and equity-related instruments.
The fund house has exposure worth Rs 604 crore across five of its schemes.
As earnings may not render support for markets at higher levels, Lalit Nambiar, Executive VP - Fund Manager & Head Of Research at UTI Mutual Fund told CNBC-TV18 he would prefer to be cautious and adopt a 'wait-and-watch' approach.
UTI Mutual Fund is looking at achieving assets under management of Rs 500 crore in Woman Savings Plan from Rs 200 crore at present within the next one year, a senior company official said today.
Invesco MF Announces dividend under two schemes, the record date for declaration of dividend is March 15, 2017
Reliance MF Announces dividend under two schemes, the record date for declaration of dividend is March 15, 2017
This also marks the 11th straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March.
While comparing funds never compare large cap funds with mid cap funds.
Tata Dynamic Bond Fund announces dividend, the record date for declaration of dividend is March 14, 2017
Mutual fund house stops accepting fresh investments in a particular scheme due to lack of investment opportunities in the market.