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).
The open-ended debt scheme will invest its entire corpus in money market instruments
DSP BlackRock Investment Managers is a 40:60 joint venture between BlackRock and DSP Group
It’s a myth or lack of knowledge that SIP’s can be done only on monthly basis.
KYC is an important one-time activity and should be done before transacting in a mutual fund.
For most funds, it is about fitment to one of the new categories, with or without a change in the name of the fund.
Imagine a platform for investments where you do not need to worry about whether the market or the MF office is still open.
The fund house will continue to manage the scheme for three more years, after which it will be merged with one of the existing open-ended equity schemes of the fund house.
Speaking on sectors, he is upbeat on the rural theme being a decade growth story. The economy is coming back into upswing in 6-8 years and there has been pick up in some segments, he said, adding that car sales were good too.
Moneycontrol last week had e-mailed DSP BlackRock Investment Managers with a query pertaining to the split. The company's reply was: "The stake sale is highly speculative. We strongly deny this."
If Maheshwari decides to move on, this would be the third senior level exit at DSP BlackRock AMC in under two years