Ballarpur Industries has made partial payment of only Rs 4 crore to IDBI Mutual Fund while the remaining Rs 26 crore is still pending
WealthApp aims to help the middle-income groups and retail investors simplify their financial planning and wealth management process.
"Indian investors have now eventually assimilated mutual funds and the credit goes to awareness programs and endeavours by regulators and AMCs in mutual fund industry," Bajaj Capital CEO Rahul Parikh said.
Atul Bhole of DSP Blackrock also said that he preferred corporate lenders as well as oil & gas, but was wary of ahead-of-fundamentals rally in real estate.
The assets under management (AUM) of equity MFs scaled a record high of Rs 5.69 lakh crore at the end of April 2017 from Rs 5.43 lakh crore at March-end.
Mutual fund managers net purchased stocks worth close to Rs 10,000 crore in April, making it the highest investment in five months, on sustained participation by retail investors.
On CNBC-TV18's special show Mutual Fund Day - Financial Plan series watch Aditya Shah's financial planning journey.
In comparison, 59 lakh folios were added in the preceding fiscal. In the last two years, investor accounts have increased following robust contribution from smaller towns.
Nearly 22 stocks in which MFs increased stake returned over 50 percent in the last one year.
One must choose their investment vehicle depending on how far they have to reach.
ll investors related to mutual funds (MF), bank account holders and those who have invested in insurance schemes cannot operate their accounts opened between July 1, 2014 and August 31, 2015, from May 1 if they are not compliant with FATCA — tax information sharing law.
Investors will be permitted to purchase mutual funds worth up to Rs 50,000 through digital wallets with the market regulator Sebi today approving the proposal.
Mutual fund attributed the increased interest in SIPs to investor education and robust performance of equity schemes
In comparison, fund managers' investments in bank shares stood at Rs 80,468 crore at the end of March 31, 2016.
As per RBI norms, Payments banks have to focus on providing basic financial services, including social security and utility bill payments, remittance functions, and can mobilise deposits of up to Rs 1 lakh.
This could be a sign of cautions for investors. Either mutual funds would have booked profits in these stocks or the fundamentals does not support the current valuation. In either case, it is a sign of caution for investors.
V Srivatsa, Executive VP & Fund Manager, UTI MF believes the government should have gone the ETF way instead of stake sale of PSUs to reduce the impact on stock prices.
Market players attributed the phenomenon to continuous participation from retail investors through systematic investment plans (SIPs), along with positive returns from equity funds and steps taken by asset management companies to create awareness among investors.
Manish Gunwani of ICICI Prudential MF sees IT acquiring the characteristics of a utility stock, but remains overweight on pharma due to fading regulatory issues going forward.
Investors pumped in a record Rs 3.43 lakh crore in mutual funds (MFs) in 2016-17, mainly into income and liquid schemes.
The EPFO's apex decision making body, Central Board of Trustees (CBT), approved the carving out of a special category of investments in liquid mutual funds.
According to the Association of Mutual Funds in India (Amfi) data, a net of Rs 3,43,049 crore was invested in these schemes last fiscal ended March 31, more than double of Rs 1,34,180 crore seen in 2015-16.
As per data released by the Securities and Exchange Board of India (Sebi), mutual fund managers invested a net sum of Rs 51,352 crore in stock markets during 2016-17, lower than Rs 70,130 crore invested in the preceding fiscal.