Equity, liquid, debt and arbitrage were the themes for which the mutual fund houses filed the applications
The fund house is betting big on fast moving consumer goods, information technology sectors
Desai will replace Jahnvee Shah, who will now be the co-fund manager for Reliance Consumption Fund
The open-ended scheme will deploy its entire corpus in debt securities and money market instruments
The open-ended equity scheme will invest at least 65 percent of its corpus in equity and equity-related instruments of small cap companies
Under the facility, investors can redeem a fixed percentage of net asset value of units on a monthly basis
Tax saving funds as a category delivered compounded annual growth of 11.2% over the past five years.
When parents start investing early through SIPs, they allow more time for their corpus to grow. Also, monthly outgo in the form of SIPs is lower than those investing late for the same amount of corpus
The best way to generate optimum risk-adjusted returns from mutual funds is to build a diversified mutual fund portfolio consisting of multiple asset classes.
ICICI Prudential Mutual Fund has suspended subscriptions in six schemes from May 21
This follows an addition of 1.6 crore investors account in entire 2017-18, over 67 lakh folios in 2016-17 and 59 lakh in 2015-16.
Accordingly, Union Mutual Fund will now be co-sponsored by Union Bank of India and Dai-ichi Life
A Mutual Fund is a pool of money provided by a number of people, investors and/or organisations
The fund house will also elevate Rohit Singhania, Senior Vice President, as Co-Head – Equities
Global investors across the board are of the view that the Indian economy is poised for significant growth
Every mutual fund investments carry a certain amount of risk which may pertain to returns, market volatility, interest rate change, etc.
The open-ended equity scheme will invest at least 80 percent of its corpus corpus in equity and equity-related instruments of services sector
Sahai will manage HSBC Small Cap Equity Fund, while Bhupal will oversee HSBC Infrastructure Equity Fund.
The revision comes in the wake of guidelines released by the Securities and Exchange Board of India (SEBI) on October 6.
For 2018, he expects the markets to stay volatile due to rising oil prices, which, in turn, will affect the current account deficit.
On May 7, the DSP Group announced that they will buy out BlackRock’s 40 percent stake in DSP BlackRock Investment Managers
Quant Money Managers Ltd is the investment manager to Escort Mutual Fund
The first round of bidding for the acquisition which closed on May 8, received bids between Rs 3,500 crore and Rs 4,000 crore.
Lumpsum investments in the scheme were suspended since Sep 30, 2014
In comparison, assets under management (AUM) of the MF industry, comprising 42 players, were at Rs 21.36 lakh crore in March-end, according to the latest update with Association of Mutual Fund in India (Amfi).