From August 9, the scheme will also have a provision to invest up 10 percent of its corpus in units issued by REITs and InvITs
Watch the interview of Gautam Sinha Roy of Motilal Oswal Mutual Fund with CNBC-TV18's Anuj Singhal and Surabhi Upadhyay where he shared his readings and outlook on the market and specific stocks and sectors.
The close-ended equity scheme will deploy 65-90 percent of its assets in equity securities and derivatives
Series A – Series E will have tenure of 18 months to 60 months from the date of allotment
R Sukumar of Franklin Templeton Investments said that in this market, one could look for stock ideas which are undervalued.
“Globally we are interested in large domestic markets. We have operations in Indonesia, Saudi Arabia and now we have launched a fund in India and we would like to do such kind of things in other countries. We are interested in local markets where operations are scalable,” Ashwini Agarwal, Co-Founder & Partner of Ashmore Investment Management India LLP told CNBC-TV18.
Midcap IT companies that are in research, engineering services, digital space will benefit, said Rajeev Thakkar of PPFAS.
Redemptions from top 20 fund houses have risen to the second highest level in FY18, despite the industry's AUM touching record highs
S Krishna Kumar of Sundaram Mutual Fund said that the market could still see a positive bias but one needs to keep an eye on earnings trajectory.
In his new role, Menon will head the company’s sales, distribution and marketing functions
Each Series under the Scheme will have tenure of 3 years to 10 years from the date of allotment of units under the respective series
In a CNBC-TV18 exclusive, Nilesh Shah of Kotak Mahindra AMC says that markets are not at an all-time high in terms of valuations. He also adds that there is froth in certain sections of the market.
There is a correction which is overdue for this market and the sooner it comes the healthier it would be for the market, said Manish Sonthalia, Head Equities-PMS, Motilal Oswal AMC.
Gunwani was the sole fund manager of ICICI Pru Focussed Bluechip Fund and also managed equity portion of the ICICI Pru Balanced Advantage Fund
Watch the interview of V Srivatsa, EVP & Fund Manager 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.
Retail inflation has seen a sharp slowdown in June while May industrial output has come in at 1.7 percent. In an interview to CNBC-TV18, Amandeep Chopra, Group President and Head of Fixed Income at UTI MF assesses the impact on the bond market.
If the investor takes position in equity through balanced funds, they get to realise equity growth potential and lower fund volatility.
The fund house believes that a big upside in indices from this point is difficult, but does not expect any major correction due to good macros
MF industry recorded an addition of 10 lakh investor accounts in June, taking its total number of folios to an all-time high of 57.82 million, as per data on the SEBI.
Sluggish corporate earnings which have been a concern for the market could see a strong revival in the second half of FY18 that's the expectation which Axis Mutual Fund is working with.
Mahesh Patil of Birla Sun Life AMC believes that a recovery could be seen in the coming quarters. On retail sentiment, he said that SIP flows are seen at around Rs 6,000 crore a month.
Profit growth is now improving and earnings growth for next 2-3 years is expected to be strong
We will explain not only how, but also why and when it is wise to switch your investments from regular plan to direct plan.
In comparison, mutual funds saw an outflow of close to Rs 41,000 crore in May. Prior to that, Rs 1.51 lakh crore were invested in April.