The scheme will levy an exit load of 2 percent on redemptions or switch-out within two months from the date of allotment
In an interview with Himadri Buch of Moneycontrol, Srinivas Rao Ravuri, Senior Fund Manager, Equities at HDFC Asset Management talked about the market and their new fund HDFC Housing Opportunities Fund that was launched today
In Your Stocks special, Nimesh Shah, MD & CEO of ICICI Prudential answers all the viewer queries related to Bharat 22 ETF.
Revision in exit load will be applicable to lump-sum subscriptions, and subscriptions under SIP and STP
IAF is a facility which can be availed through online mechanism that allows investors of mutual funds to access their funds invested in certain schemes, within a very short time
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 that is called, ICICI Prudential Long Term Wealth Enhancement Fund will deploy at least 80 percent of its corpus in Equities
SBI Mutual Fund has sought Securities and Exchange Board of India's approval for SBI Long Term Advantage Fund - Series V and VI (10-yr), according to a draft offer document on the capital market regulator's website.
To use the portal, Canara Robeco Mutual Fund has signed an agreement with MF Utility India Pvt Ltd
The fund house can invest up to 20 percent in equity shares of companies other than in Housing and its allied business activities
The scheme will have monthly dividend option along with the existing options, wherein it will have reinvestment and pay-out facilities
Watch the interview of Sunil Subramaniam, CEO at Sundaram Mutual Fund with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Inflows into Mutual Funds (MF) have slowed down in October. Watch accompanying video of Prashant Nair for more analysis.
The choice of cities is determined by the number of folios
when crude rises the performance of upstream, oil & gas, commodity producers is better than that of OMCs, paint companies etc and vice-versa, said Manish Gunwani, CIO-Equity Investments, Reliance MF.
The close-ended debt scheme was launched on Nov 18, 2014, and was scheduled to mature on Nov 21
FundsIndia is the first online mutual fund distribution platform to enable its clients with this feature
Under the instant access facility the scheme shall endeavor to credit the redemption proceeds to registered bank account of the investors
In an interview with Himadri Buch of Moneycontrol, Vinay Kulkarni - Senior Fund Manager - Equities, HDFC Asset Management Co Ltd talks about the risks to market rally
Manish Sonthalia also said that telco ARPUs could have bottomed out and a tariff hike is likely to be around the corner.
Earlier in August, Essel Finance had got the Securities and Exchange Board of India's approval to acquire Peerless Funds Management