According to distributors, the fund houses had withheld commission including upfront commission for sales recorded before October 22, 2018 due to delay in claw back, pending ARN renewal, and incomplete KYC of folios
Over the last decade, excluding food, private consumption growth has been higher owing to low-interest rates and easy access to consumer credit, which have been the twin factors driving rapid growth in domestic consumption
An investor can purchase and sell units of a gold ETF on the stock exchange. He/she, however, needs a demat account to purchase the units of gold ETF
The Sebi amended the conditions required for upfronting of trail commission based on SIP inflows at the mutual fund level.
AMFI data indicates that in Q3 FY19 the industry had added 3,346 new distributors under the individual category as against 18,555 quarter-on-quarter
The open-ended retirement solution oriented scheme has a lock-in of 5 years or till retirement age (whichever is earlier).
Debt funds are not as easy to understand as bank fixed deposits. The good side is they offer you a chance of better tax-efficient returns. Ask questions to your advisor about what the fund does, where it invests, how much credit risk it takes.
As of December 31, 2018, mutual funds own 8.34 percent of Mindtree, according to data available on company's website.
Puri was the Managing Director of UTI Asset Management Company until September 2018
In the last one year, overnight funds have delivered 5.5-6.5 percent average return, while liquid funds gave 6.92 percent.
Axis Bank was one of the preferred stocks among MFs in February, with net buying by 19 funds.
As per data with Association of Mutual Funds in India, collections via SIPs stood at Rs 8,095 crore last month - higher than January - while industry witnessed 4.96 lakh discontinuations of accounts.
The difference between the index and the fund that tracks that index is known as "Tracking Difference". Tracking error is the difference between the fund's return and the index it is meant to mimic.
If you have invested in liquid funds, you might see returns fall a little. But it's unlikely to matter to most retail investors.
Folios are numbers designated for individual investor accounts, though one investor can have multiple accounts.
The open-ended equity scheme will invest at least 80 percent of its assets in equity and equity-related instruments of large cap companies,
Even the month of February witnessed the lowest inflow in equity mutual funds in the last 2 years. Only Rs 5,122 crore of fresh inflows took place in equity funds.
The scheme will allocate its entire corpus in debt securities and money market instruments with residual maturity of the next business day
In 2014, prior to the elections (December 2013-May 2013), the Sensex delivered 16 percent absolute returns. In 2009 (December 2008-May 2009), the Sensex delivered 61 percent absolute returns
"We are seeing a rotation from developed markets to emerging market funds," said EPFR Global's Cameron Brandt.
The open-ended equity scheme invest 0-35 percent of its corpus in largecap and midcap stocks
Moneycontrol's Sakshi Batra does a 3 Point Analysis of the flow recorded by the mutual funds industry in February and highlights the key takeaways.
Fund managers said investors have continued to retain their faith in SIPs despite the market volatility. At the same time, they fear investors might discontinue SIPs after looking at the negative returns