BUSINESS
Which Asian country has got Franklin Templeton excited? Stephen Dover talks about the next big opportunity
Despite all its shortcomings, the US is still a safe haven to invest, says Stephen Dover, Chief Market Strategist of Franklin Templeton Institute. But he is just about getting excited about the prospects of Japanese stock markets. And he says India deserves to be overweight upon.
BUSINESS
India’s inclusion in global bond indices could bring $24 bn of inflows: Sonal Desai, CIO, Franklin Templeton Fixed Income
The Chief Investment Officer of Franklin Templeton Fixed Income is of the view that India’s time to attract foreign flows in its fixed income markets has come with the country's inclusion in the JP Morgan Global Bond Index. She believes that interest rates have not peaked yet; we’re still a year away from seeing the first cut by the US Fed in this cycle
BUSINESS
Where to invest Rs 10 lakh today? Umeshkumar Mehta of Samco Mutual Fund suggests large-cap MFs and these 5 sectors
One of India’s youngest mutual fund houses, Samco believes in active fund management. Its strategy is to embrace risk. But Mehta, the firm’s chief investment officer, says the fund house has enough built-in mechanisms to predict — and avoid — volatility.
BUSINESS
Will investors trust Axis Mutual Fund again? Yes, says Ashish Gupta, CIO
Ashish Gupta, the new CIO at Axis Mutual Fund, along with new CEO B Gopkumar, is in major repair mode about how money is managed at India’s 8th largest mutual fund house. Gupta says the company has strengthened its processes and has been constantly communicating with distributors.
TRENDS
Is it safe to donate money on crowdfunding platforms?
Crowdfunding platforms such as Ketto, ImpactGuru and Milaap are helping those in need to raise funds for various causes by spreading the word on social media. They will run a background check and call for documentary evidence to ascertain the genuineness of your case.
BUSINESS
95% of investment advisers penalised by SEBI provide trading calls: Study
A study of SEBI orders passed against registered investment advisers over the years found that most offer only equity derivative and speculative trading calls and tips; 51 percent of the orders were passed against entities from Indore, which is infamous for spam equity phone calls.
BUSINESS
Mutual Fund redemptions to be allowed on September 29: Sources
Due to the last minute shift of Eid-E-Milad public holiday to September 29, mutual funds are set to declare September 29 as a business day. This means investors, who had put in redemption requests on September 27, will get their money on September 29
TRENDS
Leander Paes and Vijay Amritraj break ground as first Indian nominees for Hall of Fame
India could get her first tennis’ hall of fame inductees in 2024
BUSINESS
How Roshi Jain of HDFC Mutual Fund has stepped into giant shoes and gearing up for a marathon run
Roshi Jain, Senior Fund Manager – Equities, is part of the new face of HDFC MF. Jain believes that the medium- to long-term outlook for corporate India is robust. Rather than timing markets, she advises systematic investing.
BUSINESS
Account aggregators: Here’s how to share your MF data with your bank or advisors
Account aggregators are a game changer as they provide a digital dashboard to your financial life, helping you avail of loans quickly and adding a financial advisor seamlessly.
BUSINESS
One house, many heirs? Here’s how to leave behind physical assets
Leaving behind property in a will is tricky, especially if you have one house and multiple heirs. If one lives abroad and another lives in India, it becomes tricky if the property value is high. You need to ensure that you leave equitable assets behind as far as you can.
BUSINESS
Zerodha MF gets ready to launch its first two schemes; files draft documents with SEBI
According to industry officials, the fund house will launch a mix of index funds as well as Exchange-Traded Funds
BUSINESS
Kotak Multi Asset Allocation Fund New Fund Offer: A Moneycontrol review
The change in debt fund taxation earlier this year has nudged fund houses like Kotak Mutual Fund to launch asset allocation funds with an equity tax advantage. The funds invest in multiple asset classes and then switch between them, depending on the fund manager’s strategy to ride market volatility and opportunities it presents.
BUSINESS
Has FundsIndia’s pivot brought mutual fund distributors back into the limelight?
Taking a leaf out of the insurance business playbook, the company plans to scale its distributor-led model for better client connect and higher returns, while helping them with research and other operational support.
BUSINESS
Can Shriram Mutual Fund rise from its comatose state and be counted?
With assets of just Rs 284 crore, Shriram Mutual Fund is India’s smallest fund house. Yet it is one of India’s oldest fund houses and the first fund house to ever get listed on the stock exchange. The fund house is now waking up, but it’s a long walk ahead
BUSINESS
Fund Funda: Why Nippon India MF’s Shailesh Raj Bhan is bullish on innovative firms
The Nippon India Innovation Fund will invest in innovative firms after its NFO ends. It’s a high-risk, high-return play meant for savvy investors who can withstand volatility. While the fund house’s resurgence might instill some confidence, it may be prudent to be patient.
BUSINESS
MC Exclusive: Rahul Goswami joins Franklin Templeton as head of Fixed Income
Santosh Kamath, who led India fixed income team, will now head the fund house’s alternatives business after the six wound-up debt schemes returned over 100 percent of the money to their unit holders
BUSINESS
HSBC Mutual Fund chief recommends these 4 MF categories to first-time equity investors
HSBC India Mutual Fund’s acquisition of the erstwhile L&T Mutual Fund will soon complete a year. While Kailash Kulkarni, CEO, HSBC Mutual Fund is bullish on India but feels that mutual funds ought to penetrate the hinterlands in India much more than present levels
BUSINESS
T+1 redemption and allotment for mutual fund units soon, says SEBI chief Madhabi Puri Buch
In an out-of-turn press conference aimed at giving a performance report on some of the market regulator's internal machinations, SEBI chief Madhabi Puri Buch said faster clearances and better implementation are SEBI’s path forward with an aim to aid in India's capital formation.
BUSINESS
Kotak Quant Fund NFO: Only for select investors
Kotak Quant Fund, the first quantitative modelled equity scheme by Kotak Mahindra Mutual Fund, will be launched on July 12. The fund will pick stocks through a computerised algorithm after its fund managers shortlist the stocks using their intervention. It’s a new territory for a fund house that has built a good track record in equity.
BUSINESS
Win for the unitholder is a win for the shareholder: Navneet Munot of HDFC MF
From being a dealer and a sell-side broker to becoming the Chief Executive Officer of India’s third-largest fund house, HDFC AMC, Navneet Munot has come a long way. But at the HDFC group, which is going through a historic transformation, Munot has just got started.
BUSINESS
Sebi defers decision on overhaul in total expense ratio for mutual funds
Armed with more granular data that SEBI got from the MF industry as part its feedback to the May 18 consultation paper, SEBI chairperson Madhabi Puri Buch said that its proposals needs a rethink. She said SEBI is satisfied that economies of scale has been achieved. A second consultation paper, SEBI said, will come soon.
BUSINESS
How to avoid disappointment when making an insurance claim | Simply Save
A health insurance policy is important. Merely relying on your savings is not wise as your health costs can wipe out your savings. A health cover, on the other hand, is reinstated, after you make a claim. Deepti Bhaskaran, Head- Strategic Initiatives, Clinikk joins us on our podcast.
BUSINESS
Debt is his first choice: Rajiv Shastri’s journey from broker to CEO of a mutual fund
At NJ Mutual Fund, Shastri is walking a new path. The fund house plans to specialise in data management and launch funds that require minimal intervention. His observations about people management, heft of equity fund managers, role of debt fund managers, importance of processes and so on come across as lessons in management.
