One can buy mutual funds units through online platforms just like company stock. To avail this facility, one must complete a one-time online registration on the platforms.
Many asset management companies have asked their employees to work on a rotational basis to ensure their safety and smooth functioning of operations
Mutual fund experts said the rate of return on overnight securities may be lower, but overnight funds will provide better capital protection
The way to overcome uncertainty is to stick to your goals and your asset allocation across market cycles.
NBFCs are now relying more on banks for their funding requirement.
The outlook on an annualised basis still remains constructive both for the economy and corporates
At the aggregate level, the open-ended equity fund AUM declined 4.1 percent to settle at Rs 7.57 lakh crore weighed by mark-to-market losses, Crisil said, quoting Amfi data.
"Mutual funds were buying shares of select private bank shares, information technology, chemical and consumption stocks," said a broker.
Investing fresh money in debt funds now anticipating an impending interest rate cut may not be such a wise move
As the quest for global supremacy leads to a race to indigenise technology, particularly between the US and China, the world could be staring at this century's 'Sputnik' moment.
The letter to RBI also pointed out that the perpetual bond market will dry up and yields will be affected.
Earlier on December 05, 2019, the NCDs issues by Essel Infra Projects were valued based on a 50 percent haircut, as the bank loan facility of the issuer was downgraded to Default (D).
Contributing over 25 percent of equity Assets under Management, SIPs have done to the Mutual Fund industry what sachets did to the FMCG industry a few years back
AMFI data shows that the MF industry had added, on an average, 9.81 lacs SIP accounts each month during the FY2019-20, with an average SIP size of about Rs 2,800 per SIP account
Overall, the mutual fund industry witnessed a net outflow of Rs 1,985 crore across all segments, mainly owing to withdrawal from the liquid or money market category.
Within the debt category, credit risk funds continued to witness outflows. However, outflows have halved at Rs 637 crore compared to the month ago period
SEBI regulations do not explicitly limit one AMC per sponsor but they do mention avoidance of conflict of interest situation, according to a former SEBI officer who worked in its MF department.
Moneycontrol's Shraddha Sharma talks to Himadri Buch to understand what options do the debt fund investors have after RBI's draft plan.
On March 5, the Reserve Bank of India (RBI) imposed a month-long moratorium on YES Bank. It has restricted the withdrawals that customers can make from their YES Bank accounts to Rs 50,000 until April 3, 2020.
As of March 6, 2020, Baroda Treasury Advantage Fund & Baroda Credit Risk Fund, had exposure to Yes Bank 09.00 percent (Perpetual BASEL III compliant Additional Tier I) 18-Oct-2022 issued by Yes Bank Limited.
The limit is imposed only on the new applications, switch-ins, systematic transfer plans and systematic investment plans received after March 5, it said.
SBI Mutual Fund had the highest holding at Rs 152.83 crore in Yes Bank’s shares as on Jan 31, 2020.
Until we are visibly closer to the end of the uncertainty about economic growth, polarisation among financial services stocks will also remain
The company will also waive exit load on intra-scheme and inter-scheme switchouts for all purchase transactions from March 2
India’s mutual funds industry is just one-fourth the size of the banking industry. SEBI believes that the MF industry has the potential to surpass it.