Paytm has applied for a licence to set up a money market mutual fund that invests in short-term funds.
Aptech rose 200 percent, followed by Mastek which rallied 93 percent, Datamatics up 89 percent, and TVS Electronics rose 87 percent in last one year.
In the two years, investor accounts went up following robust contribution from smaller towns.
Investors should tread cautiously, and buy on dips. Keep an eye on valuations.
While RERA occupied the mind space for most of the week, the markets too have been volatile enough to attract attention of investors.
If you would have invested just Rs 1000 per month or Rs 12000 per year for next 5 years which equals to an investment worth Rs 60,000 would have given you a return of up to Rs 1,40,000 today.
All you need to know to bring you up to speed with the world of personal finance this week.
Interview with Miten Lathia - Fund Manager - Equities - HDFC Asset Management Co. Ltd
The assets under management (AUM) of the MF industry, comprising 42 players, rose to an all-time high of Rs 19.26 lakh crore at the end of April from Rs 17.55 lakh crore at the end of March, as per the data from Association of Mutual Funds in India (AMFI).
According to a report by mutual fund tracker Morningstar, India-focused offshore funds saw an inflow of USD 1.46 billion, while that of ETFs witnessed an infusion of USD 509 million, taking the total to USD 2 billion.
Pharma looks good from a valuation perspective and so the house is increasing its exposure to the space, said Ajay Tyagi of UTI Mutual Fund.
Morningstar gave a list of 10 funds to moneycontrol which not just created alpha, but gave twice as much return as Sensex did in the same period in absolute terms across categories.
Mahesh Patil of Birla Sun Life AMC sees companies with good earnings visibility to be a key to the market and domestic-focussed ones will see a pick up in results. He prefers consumer discretionary, NBFCs and metals from a long term perspective.
Investments in fixed income funds gained traction in 2016-17, with the mutual fund industry seeing an inflow of nearly Rs 1.77 lakh crore in such instruments seen as safe havens.
Prior to joining Tata Mutual Fund, Gopal Agarwal was Chief Investment Officer (CIO)/Chief Strategist at Mirae Asset Mutual Fund.
The retirement fund body's fund managers will select ten liquid mutual funds with ratings of AA+ or better. The investment tenure in liquid MFs is going to be 30 days.
With this, total inflows have reached Rs 3.98 lakh crore in the first eleven months of the current fiscal (2016-17). In comparison, Rs 2.07 lakh crore was invested in various mutual fund products during April-February period of 2015-16.
Mutual Fund ‘Passporting’ or fund passport, once implemented will allow cross-border marketing of managed funds across participating economies in the Asian region.
Mutual fund managers purchased stocks worth a little over Rs 2,000 crore in February - making it the seventh straight month of positive inflow in equities- on sustained participation by retail investors.
A SIP consists of a process whereby an investor invests a fixed sum of money each month usually into a mutual fund.
To reinstate its presence as the dominant insurer and largest institutional investor in the Indian market, life insurance behemoth - Life Insurance Corporation - will, for the first time in its six-decades history in the country, hold a press conference today to announce its quarterly results.
The 12-odd states located in the eastern region were lagging in terms of mutual fund (MF) investments as compared to other parts of the country, a SEBI official said.