Investors can use this option for making purchases, redemptions and switches in their folio
Overall, he expects auto and cement names to show growth in earnings. For the second half of this fiscal too he expects good earnings trends.
Earlier, Jain held the position of fixed income dealer at Principal Pnb Asset Management Co Pvt Ltd.
The government has extended the deadline to link Aadhaar with bank accounts from December 31, 2017 to March 31, 2018.
Unit holders can claim the amount by availing the 'anywhere transact facility' provided by the fund house
The fund house has revised the fund management structure of eleven schemes
Watch the interview of Lalit Nambiar, EVP - Fund Manager & Head of Research at UTI MF with Prashant Nair and Ekta Batra of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
BNP Paribas Mutual Fund has changed the management of eight debt schemes that were co-managed by Pal and Mayank Prakash
With this, the total money garnered by fund houses through SIPs has touched Rs 40,780 crore in the first eight months of the current fiscal, according to the Association of Mutual Funds in India (Amfi) data.
The entire process of fund transfer and investing happens instantly through partner banks
Watch the interview of Chandresh Kumar Nigam, MD & CEO of Axis Mutual Fund with Sonia Shenoy and Ekta Batra of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
SEBI's whole time member G Mahalingam was addressing 12th edition of CII Mutual Fund Summit held in Mumbai today.
This was also the fifth consecutive month that saw net monthly inflows in excess of Rs 10,000 crore.
2017 has been a blockbuster year for mutual funds. We have seen a lot of inflows and liquidity. CNBC-TV18's Kevin Lee caught up with Leo Puri, MD of UTI MF and asked him about his outlook for the coming year and for the industry going ahead.
The Securities and Exchange Board’s Whole Time Member G Mahalingam today cautioned the 43-player MF industry that the gush of inflows in the AMC industry can reverse and industry needs to be prepared for the worst.
The spokesperson confirmed that there were redemptions on the first day of listing.
With the latest inflow, total infusion in MF schemes reached Rs 3.8 lakh crore in the first eight months (April- November) of the current fiscal, latest data with Association of Mutual Funds in India (Amfi) showed.
Prior to joining Essel Finance, Berawala served as the Chief Investment Officer at Reliance Life Insurance Company
Investors continue to invest money to Mutual Funds (MFs) in November and inflows have reached all time high levels once again after August.
The market regulator clarified some norms for mutual fund classification that will make compliance easier for asset managers
The net asset value of the 'up to three years' sub-plans will be at par with the regular plans
Parampreet who has total experience of 12 years will be responsible for investments and fund management
Biometric verification will allow unit holders to invest any amount of money in the schemes of UTI Mutual Fund
The minimum application amount under the scheme is Rs 5,000 and in multiples of one rupee thereafter.
Demonetization, digital India gave a positive push to financial services sector and will continue to aid the sector, said Sundeep Sikka, Executive Director and Chief Executive Officer, Reliance Mutual Fund.