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Kayezad E Adajania

Assistant Executive Editor - Personal Finance

Moneycontrol

Wealth-tech platform Scripbox acquires Wealth Managers - its 10th M&A deal in recent times

BUSINESS

Wealth-tech platform Scripbox acquires Wealth Managers - its 10th M&A deal in recent times

Succession-planning by smaller distribution and advisory practices are nudging them to come together to ensure continuity for clients. Larger firms are only too happy to welcome them, with an eye on increasing revenues.

Where to invest Rs 10 lakh today? PGIM Mutual Fund chief says chase financial goals, not returns

BUSINESS

Where to invest Rs 10 lakh today? PGIM Mutual Fund chief says chase financial goals, not returns

Ajit Menon, chief executive officer of PGIM India Mutual Fund, says investing must continue, irrespective of market levels. A tilt towards equities helps to meet financial goals, but one should diversify across asset classes.

Beyond Prashant Jain: How HDFC AMC has built its succession plan

BUSINESS

Beyond Prashant Jain: How HDFC AMC has built its succession plan

The fund house has consistently added new fund managers with varying fund management styles to ensure diversity in its fund management team and performance. After its erstwhile managing director Milind Barve’s exit in 2021, Prashant Jain’s exit is another important turn in HDFC Mutual Fund’s life cycle.

Z Funds: Selling mutual funds to Bharat

BUSINESS

Z Funds: Selling mutual funds to Bharat

Although mutual funds have become popular in recent years, the challenge of penetrating rural India remains, with bank fixed deposits and life insurance policies being the biggest competitors. Z Funds, a start-up mutual fund distribution firm, wants to change the narrative. And it is using YouTube in a big way.

The problem with SEBI including mutual fund units in insider trading rules

BUSINESS

The problem with SEBI including mutual fund units in insider trading rules

SEBI’s consultation paper proposes to bring mutual fund units under the ambit of insider trading regulations. And it wants to include lawyers, auditors, bankers, credit rating agencies and others associated with the fund house.

Advantage, coach: How mid-match coaching in men’s tennis could ruin the beauty of the game

TRENDS

Advantage, coach: How mid-match coaching in men’s tennis could ruin the beauty of the game

Off-court coaching benefits only the top-ranked players, who have an entourage. But lower-ranked players, who on some days hit the zone and beat the very best players in the world, will be at a disadvantage. That’s because many of these players cannot afford full-time coaches, so on-court and off-court coaching is out of bounds for them.

Advantage, coach: How mid-match coaching in men’s tennis could ruin the game

TRENDS

Advantage, coach: How mid-match coaching in men’s tennis could ruin the game

Off-court coaching benefits only the top-ranked players, who have an entourage. But lower-ranked players, who on some days hit the zone and beat the very best players, will be at a disadvantage.

Sebi fines PGIM AMC, its CEO, fund managers for inter-scheme transfers during credit crisis

BUSINESS

Sebi fines PGIM AMC, its CEO, fund managers for inter-scheme transfers during credit crisis

The cases pertain to an inspection carried out on inter-scheme transfer for the period August 2018 to February 2019. Sebi fined the AMC Rs 25 lakh, CEO Ajit Menon Rs 5 lakh, and three fund managers for Rs 2 lakh each

Axis MF front running case | Sacked fund manager Viresh Joshi sues MF house alleging wrongful termination

BUSINESS

Axis MF front running case | Sacked fund manager Viresh Joshi sues MF house alleging wrongful termination

In its reply to Moneycontrol, Axis AMC has rubbished Joshi's allegations and stands by its decision to sack him. Any compensation or damages payable to him is out of question, says the fund house. The investigations are still underway into the alleged case of front-running.

Advertising watchdog catches violations in crypto ads by influencers

BUSINESS

Advertising watchdog catches violations in crypto ads by influencers

After a big splash of cryptocurrency advertisements by Bollywood stars and celebrities last year, the Advertising Standards Council of India issued guidelines, effective April 1. Nearly 29 violations have been processed so far

When crypto prices fall, Ayushmann Khurrana, Disha Patani, Ranveer Singh are of little help

BUSINESS

When crypto prices fall, Ayushmann Khurrana, Disha Patani, Ranveer Singh are of little help

In 2021, many celebrities, including Bollywood stars, advertised cryptocurrencies, on the back of a bull-run in virtual currencies. But since November 2021, crypto prices have seen a massive crash leaving retail investors high and dry, especially, those taken in by the celebrity advertisements.

Axis MF frontrunning case: Axis Bank awaits probe report; will not take action against mutual fund officials for now

BUSINESS

Axis MF frontrunning case: Axis Bank awaits probe report; will not take action against mutual fund officials for now

The bank is standing by Axis Mutual Fund CEO and MD Chandresh Nigam after suspending two other fund house officials in connection with frontrunning allegations, say sources. But Nigam’s continuance might run afoul of the regulator.

Axis Mutual Fund makes fund manager changes in 7 schemes as it probes irregularities

BUSINESS

Axis Mutual Fund makes fund manager changes in 7 schemes as it probes irregularities

Axis MF said that it has been conducting a suo-moto investigation over the last two months

Simply Save podcast | Will investors, distributors and investment advisors invest with Franklin Templeton again?

INDIA

Simply Save podcast | Will investors, distributors and investment advisors invest with Franklin Templeton again?

Simply Save is a weekly personal finance podcast from Moneycontrol. Here, we talk money and everything around money management, mutual funds, insurance, estate planning, how to make your next 1 crore rupees and such interesting conversations. Everything that helps you become a better saver and investor.

Franklin Templeton is here to stay in India, we are hiring and getting ready to launch new funds: Sanjay Sapre

BUSINESS

Franklin Templeton is here to stay in India, we are hiring and getting ready to launch new funds: Sanjay Sapre

One learning is that we need to be even more conservative when it comes to putting our portfolios through stress tests for extreme events, says Sanjay Sapre.

Two years of Franklin Templeton debt fund crisis: Will it win investors back?

BUSINESS

Two years of Franklin Templeton debt fund crisis: Will it win investors back?

Having returned to investors nearly all the money stuck in the six debt funds it unceremoniously wound up two years ago, Franklin Templeton is looking to win back investors and distributors. It’s not going to be easy.

Prashant Jain of HDFC MF is prepared for volatility and is betting on sectors like capital goods and energy

BUSINESS

Prashant Jain of HDFC MF is prepared for volatility and is betting on sectors like capital goods and energy

Sizeable domestic flows in the face of foreign fund outflows should keep volatility in check, says Prashant Jain, executive director and chief investment officer of HDFC Mutual Fund. 

Sebi bans mutual fund scheme launches till pool accounts are discontinued

BUSINESS

Sebi bans mutual fund scheme launches till pool accounts are discontinued

After giving more time to mutual funds and distributors to implement the pool account rule till July 1, Sebi asked mutual funds to stop launching any new schemes till the new alternate mechanism is implement

Reopening Parag Parikh Flexi Cap is best decision at this stage: Neil Parag Parikh, chairman and CEO, PPFAS MF

BUSINESS

Reopening Parag Parikh Flexi Cap is best decision at this stage: Neil Parag Parikh, chairman and CEO, PPFAS MF

Parag Parikh Flexi Cap Fund is one of the best-performing equity mutual funds. It is part of the MC30, Moneycontrol’s curated basket of best mutual funds. Neil Parag Parikh says that keeping the fund shut until fresh overseas investment limits are announced would have meant missing domestic equity market opportunities. However, reopening the fund may also mean the ratio of domestic and foreign equity will get altered.

Infosys makes it mark on men’s tennis circuit this week

BUSINESS

Infosys makes it mark on men’s tennis circuit this week

This week's marquee tennis event at Newport, US is called Infosys Hall of Fame Open, after the Indian tech firm became title sponsor to the ATP tournament for the first time this year. In addition to being the title sponsor to the Hall of Fame Open, Infosys will also help digitise and preserve the history of the International Hall of Open.

MC30: The best mutual funds to invest in

BUSINESS

MC30: The best mutual funds to invest in

Mutual funds are meant for long-term investments, more so MC30 schemes

MC30: Ranking slips for three funds, but that’s no reason for worry

BUSINESS

MC30: Ranking slips for three funds, but that’s no reason for worry

We do not take schemes out of MC30 just because their ratings dip

Too many mutual funds in your portfolio? It's time to consolidate

BUSINESS

Too many mutual funds in your portfolio? It's time to consolidate

Having too many schemes in your portfolio makes it difficult to track. But over-diversification can be as bad for your portfolio as under-diversification. Here's how to strike a balance

Why have balanced advantage funds become so popular?

BUSINESS

Why have balanced advantage funds become so popular?

Not all BAFs behave in the same way. The sales pitch may be common, but their paths are different

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