This comes following an addition of 70 lakh mutual fund investor accounts in 2016.
Here is a round up of all major developments in the personal finance space during the week.
The aim should be to create a diversified portfolio with equity for growth and debt for protection from the downside.
Equity and equity-oriented balanced mutual funds saw a net inflow of Rs.2,68,000 crore (USD 42 bn) in 2017
As per the data released by Association of Mutual Funds in India or AMFI, of the total Rs 9.80 lakh crore of total equity assets, Rs 3.64 lakh crore has been contributed by Maharashtra.
Mutual funds' assets under management (AUM) from B15 locations - small towns beyond top 15 (T15) cities - grew from Rs 2.81 lakh crore in November-end 2016 to Rs 4.1 lakh crore at the end of November 2017, according to latest data available with Association of Mutual Funds in India (Amfi).
The total money garnered by fund houses through SIPs increased to over Rs 59,000 crore in 2017 as compared to about Rs 40,000 crore in 2016, Association of Mutual Funds in India (Amfi) data showed.
AMFI has sought substantive changes from the FM in the GST implementation for MFs
Choosing funds from different AMC’s can help in reducing risk as the investment objective differs from company to company.
If future was based on past, every analyst would have made money thick & fast which is clearly a myth.
The biggest behavioural flaw for most investors worldwide is to chase what is hot.
To avail the facility, investors will have to maintain a balance of at least Rs 25,000.
If you are not adept at stock picking or lack the time to do your own research, mutual funds would remain your best bet.
The Indian mutual fund industry’s AUM is expected to reach the benchmark of Rs 100 lakh crore in the next 10 years.
Equity savings funds invest more than 65 percent of their corpus in equity and are thereby treated at par with equity funds for taxation
The high investment by mutual funds could be attributed to strong participation from retail investors.
The new measure may have an impact on the shareholding pattern of UTI Asset Management Company (AMC).
The industry added over 9 lakh SIP accounts each month on an average in 2017 with SIP size increasing from Rs 3,973 crore last year to Rs 5,893 crore in 2017.
Since bond yields and bond prices move in the opposite direction, effectively, it means that bond prices have come down in these months
After banks, asset management companies managing mutual funds were the second largest players at around 15 percent of bilateral exposure in the financial system.
If you adopt the right investment strategy, you can gain good returns on your overall portfolio.
ELSS has a lock-in period of 3 years and has the potential to provide you high returns linked to the market.
With this, the total money garnered by fund houses through SIPs has touched Rs 40,780 crore in the first eight months of the current fiscal, according to the Association of Mutual Funds in India (Amfi) data.
The Mutual fund industry's asset under management (AUM) rose to a record high of Rs 22.79 lakh crore (Rs 22.79 trillion) in November, helped by positive investor sentiment after Moody's upgraded the country rating, says a report.
This was also the fifth consecutive month that saw net monthly inflows in excess of Rs 10,000 crore.