Under systematic withdrawal plan, the transaction dates for monthly and quarterly frequencies will be 10th and 25th of the month
The scheme will allocate at least 65 percent of the corpus in equity and equity related instruments of large-cap companies
Watch the interview of Swati Kulkarni, Executive Vice President and Fund Manager at UTI MF with Prashant Nair and Ekta Batra on CNBC-TV18, in which she shared her readings and outlook on market and specific stocks and sectors.
Only three public sector banks -- SBI, Indian Bank and Bank of Baroda -- figure in the Bharat-22 index.
Mutual funds houses have been lapping up shares of ITC due to its cheap valuations compared with the available stocks in the FMCG sector.
Currently, investors can enroll for SIP facility with monthly, quarterly, only by choosing specified dates
The 4 schemes are Taurus Liquid Fund, Taurus Ultra Short Term Bond Fund, Taurus Short Term Income Fund and Taurus Dynamic Income Fund
Sectors such as financials, aviation, IT, energy and auto were on the radar of fund houses during September.
The monthly dividend facility will have dividend reinvestment and payout facility option.
Security type includes government securities and debt instruments with residual maturity less than or equal to 60 days
Under the facility, unit holders can submit transactions to a designated email address.
ICICI Prudential AMC, which will manage the ETF, has proposed to raise an initial amount of Rs 8,000 crores
The returns you actually earn from the debt scheme may or may not be similar to the Portfolio YTM
"Mutual funds are growing at a rate of 15 per cent annually in the country," KMF national head (sales and distribution alliance) Manish Mehta told reporters.
The scheme was wound up as the scheme was not able to meet the asset under management criteria
In September 2017, Equity funds (including ELSS) witnessed monthly net inflow at Rs 18,936 crore, a significant growth of 406 percent YoY.
An open-ended equity scheme that would invest in a diversified portfolio of stocks from across the market-cap spectrum
AMFI has also directed fund houses to ensure linking of Aadhaar details with existing folios before December 31, 2017.
For regular returns, investors opt for fixed deposit, company deposit or small saving schemes. These suffer from disadvantages when it comes to taxation, falling interest rates & liquidity in case of some emergency.
S Krishna Kumar said that the bank recap step changed the framework with which PSU banks will be seen. He expects cement, infra stocks to get better as well.
The Bharat-22 ETF will have a greater diversity in its investments, though the Indian Tobacco Company (ITC) will be taking up the lion’s share of the weightage.
The post was lying vacant after CVR Rajendran stepped down from the position in December 2016
According to data from the Securities and Exchange Board of India (Sebi) on total investor accounts with 42 active fund houses, the number of folios rose to a record 62,049,189 at the end of September, from 55,399,631 in March-end, a gain of 6.65 million or 66.5 lakh.
According to the latest data, fund managers bought shares worth a net Rs 76,906 crore (USD 12 billion) in the first half of the ongoing financial year, while foreign portfolio investor (FPIs) pumped in just Rs 5,278 crore (USD 810 million) in equities during the period.
Watch the interview of Lalit Nambiar, EVP - Fund Manager & Head of Research at UTI MF with Prashant Nair, and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.