There will be no exit load for redemptions or switch-out of up to 10 percent of investments within one year from the allotment date
In an interview to CNBC-TV18's Surabhi Upadhyay, Sunil Jhaveri, Mutual Fund Expert spoke on managing mutual fund holdings and when you should buy, switch and exit the fund.
Equity mutual funds can give you good returns if you keep your money invested over a long period of time to overcome market cycles.
The total folio count at the end of August stood at 6.08 crore, 2.4 percent higher compared to July.
"The Indian mutual fund industry has been witnessing phenomenal growth since 2014. The last three years and especially 2016 have been characterised by large inflows into equity and balanced funds, with increasing participation from retail and HNI investors," Kaustubh Belapurkar, Director Manager Research at Morningstar said.
Average monthly SIP inflows in FY18 so far has been Rs 4636 crore, up 27 percent over the monthly average of Rs 3626 crore last year, according to data collated by the Association of Mutual Funds.
This also marks the seventeenth straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016.
The best way to take exposure in equities at current market levels would be the mutual fund route since stock selection is done by experts.
Mutual Fund Day: Here's the success story of Sunil Tambe of Balaji Tambe Healthcare.
A Systematic Withdrawal Plan allows you period redemption of your invested money and creates an income stream.
The data is based on RBI's survey on foreign liabilities of 44 Indian mutual fund (MF) companies and their asset management companies (AMCs) during 2016-17.
With 24X7 news coverage, we are bombarded with updates on events which may not hold any significant impact on our portfolios, except for the short term.
If you have long-term financial goals, equity mutual funds can be one of the best vehicles to achieve them.
Experts believe that Sebi's move towards paperless online mechanism for registration for mutual funds will turn into a boon for the sector.
If markets are in an unidirectional bull run, then lump-sum investments are likely to generate bigger returns than SIP.
At present, the mutual fund industry is managing an asset base of about Rs 20 lakh crore mark.
While the future remains uncertain, many investors may find it difficult to digest the change in the environment.
In comparison, foreign portfolio investors (FPIs) bought equities worth 21,000 crore during the period under review.
S Krishna Kumar of Sundaram Mutual Fund said inflows into financial instruments have been steady and there has been no major trend change.
Being in control of your income, expenses, investment and everything else that involves money and staying informed about the latest market movements are the stepping stones of financial independence.
While the increasing investor interest in equities is great, investors should invest with a clearly defined risk and time horizon in mind, especially in Small & Mid-cap funds, which can tend to fall a greater extent if markets turn bearish in the short term
You should seek to route your investments to avenues that provide compounding and inflation beating returns.
Systematic investment in equity mutual funds is the most convenient option for retail investors to create a large corpus over the long term.
This also marks the 16th straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016.
The assets under management (AUM) of mutual fund industry rose from Rs 18.96 lakh crore at the end of June from Rs 19.97 lakh crore by the July-end, as per the data of Association of Mutual Funds in India (Amfi).