BUSINESS
Micro-SIP: Will investors come in by the droves?
Micro SIPs may not create wealth for small investors. But going forward, they may invest more, albeit, incrementally. However, SEBI needs to make the sachetised investments viable for mutual fund houses, experts say.
BUSINESS
Why Ajit Dayal of Quantum Mutual Fund feels it’s time to talk, and fight
Quantum was India’s first no-load fund house. Despite the good intentions and focus on protecting minority shareholders’ interests, it remained small
BUSINESS
Israel-Iran crisis: Avoid knee-jerk reaction, use any correction to deploy cash into equities, say money managers
Retail investors should insulate themselves from the noise and focus on adhering to their long-term financial and asset allocation plans. Gold will
BUSINESS
SEBI’s new MF, demat nomination rules are a job well begun, but half done
SEBI New MF Rules: Allowing up to 10 nominees for demat and MF account holders can become cumbersome. However, the biggest fear arises when alive investors become incapacitated and their nominees, as per SEBI’s new rule, can act on their behalf. This can lead to uncontrollable fraud, experts warn.
BUSINESS
S Naren’s Contrarian Call: Defensive, but bullish on banking & insurance
Naren says he would love to have more close-ended funds, where he knows that investors are genuinely here for the long haul. This gives fund managers a lot of room to pick up stocks and hold on to them till their true value emerges.
BUSINESS
How India’s legendary ‘value’ investor transitioned his investment style to embrace ‘growth’
ICICI Prudential Value Discovery Fund has turned 20. The fund's investment philosophy has evolved from buying stocks that are going cheap, to picking up good businesses at fair value. Naturally, it's skewed towards largecaps today, not small and midcaps like in its formative years.
BUSINESS
Spot the tell-tale signs of investment scams and know how to avoid them
Almost all investment scams promise unrealistic high returns. However, the buck stops with investors and not scamsters. Investors must rein in their greed and steer clear of such raging scams, investment advisors say.
BUSINESS
PPF, Sukanya Samriddhi: 5 new rules for your small-savings account. Here’s what you need to know
Grandparents will not be allowed to open Sukanya Samriddhi Accounts unless they are the legal guardian. Also, multiple PPF accounts will need to be consolidated.
BUSINESS
Is Net SIP a misnomer?
While gross SIP numbers indicate the allocation that investors have made towards mutual funds, withdrawal of SIP money could be linked to investors fulfilling their goals and redeeming as a result. The two, says AMFI, are not comparable
BUSINESS
UPS vs NPS: Which is better for you?
UPS vs NPS: The UPS is a mix of the salient features of the OPS and the NPS. It’s a mix of a defined benefit and a defined contribution scheme, but unlike the OPS, the UPS is contributory and is expected to be fully-funded. Hence, the corpus needs to be well-managed, as otherwise the government’s burden will increase.
BUSINESS
Scripbox’s new scheme aims to save commission fee for MF investors
Scripbox, one of India's largest wealth-tech platforms that offers mutual funds, will give a choice to their customers between direct and regular plans for their investments.
BUSINESS
SEBI moves to ease the path for Registered Investment Advisors
In a new consultation paper, SEBI has sought views on its proposals to lift entry barriers for new registered investment advisers to register, cut compliance costs and make it more lucrative for new entrants.
BUSINESS
Coming soon: Mutual funds to be governed by SEBI’s insider trading norms. Here’s what it means
From November 1, employees of fund houses will not be able to sell their own mutual fund holdings at the first sign of trouble. Moreover, past instances of people with prior knowledge cashing out before trouble hit will not recur, as a host of activities will now be brought under the new norms.
BUSINESS
Quantum Mutual vs ICICI: Should the fund’s investors pay legal fees?
Ajit Dayal, founder of Quantum Advisors Pvt Ltd, has written to SEBI to allow AMCs to charge unitholders in litigations that they fight on investors’ behalf. At present, Quantum MF is engaged in a legal battle with the ICICI Group at the NCLT over what it believes are unfair terms in ICICI Securities' delisting.
BUSINESS
New income tax regime gets sweeter; tax slabs softened, standard deduction hiked
Income-tax slabs slashed, standard deduction hiked for new income-tax regime. These are big bang personal finance Budget recommendations that will impact your money box.
BUSINESS
When Madhabi Puri Buch clashed with Nilesh Shah
Madhabi Puri Buch, chairperson of SEBI, recollected an anecdote of a time, a little over a decade ago, when she went head-on with Nilesh Shah. Both Shah and Buch worked at the ICICI group back then. Round 1: Buch
BUSINESS
Just Rs 250 a month: SEBI chief bats for small-sized SIPs
Over the next three years, the way to get more retail investors is through small-sized investors, said Madhabi Puri Buch, SEBI chairperson, at an event. SEBI says work is in progress to make these SIPs viable.
BUSINESS
Bajaj Finserv AMC launches sweep-in facility for excess in bank account. Is it worth it?
Called Savings+, the new sweep-in facility by Bajaj Finserv aims to park your idle corpus in liquid and overnight schemes. This earns a higher interest than your idle cash would have earned in your savings account. The account aggregator network makes the transfer quicker and smarter.
BUSINESS
Will Section 80C deduction limit be hiked in Budget 2024?
Budget 2024-25: Section 80C tax deduction limit was last hiked in 2014 after the NDA government came to power. The subsequent move towards the new income-tax regime have resulted in Section80C limits remaining static for years. Some tax experts believe that the recent election results might just nudge the government to take a re-look.
BUSINESS
Does benchmarking really matter when it comes to debt fund performance?
Benchmarking a debt fund’s performance is not as simple as it is for equity funds. The indices that are not publicly available, suffer from over-diversification, and are tough to replicate. However, things have got a bit saner of late.
BUSINESS
Sensex @80K: 3 things investors must do now
Despite Sensex’s lifetime highs, fund managers are bullish on Indian equities. But they have a word of caution: invest only what your asset allocation allows. Do not forget other asset classes.
BUSINESS
A new scheme @ Sensex 80,000: All you need to know about Franklin Templeton Multi Cap Fund
Franklin Templeton Multi Cap Fund will invest in large-caps, mid-caps and small-cap stocks. Unlike a flexi-cap fund, this fund must invest at least 25 percent in each of these 3 segments for better diversification.
BUSINESS
SEBI turns spotlight on risk in mutual funds: Asks if fund houses should disclose risk-adjusted return
To increase transparency and enable investors to understand their scheme's returns better in relation to its volatility, SEBI has proposed to make disclosure of Information Ratio (IR), mandatory. The IR is the ratio of Tracking Difference (TD) to Tracking Error (TE) of a scheme portfolio over a given period of time.
BUSINESS
Internal fraud detection mechanism of mutual funds in advanced stages: SEBI
Large fund houses with assets under management of Rs 10,000 crore and higher would need to implement the fraud-detection mechanism within 3 months of SEBI issuing guidelines. Other fund houses would have 6 months to implement the new mechanism
