The fund house can invest up to 20 percent in equity shares of companies other than in Housing and its allied business activities
The scheme will have monthly dividend option along with the existing options, wherein it will have reinvestment and pay-out facilities
Watch the interview of Sunil Subramaniam, CEO at Sundaram Mutual Fund with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Inflows into Mutual Funds (MF) have slowed down in October. Watch accompanying video of Prashant Nair for more analysis.
The choice of cities is determined by the number of folios
when crude rises the performance of upstream, oil & gas, commodity producers is better than that of OMCs, paint companies etc and vice-versa, said Manish Gunwani, CIO-Equity Investments, Reliance MF.
The close-ended debt scheme was launched on Nov 18, 2014, and was scheduled to mature on Nov 21
FundsIndia is the first online mutual fund distribution platform to enable its clients with this feature
Under the instant access facility the scheme shall endeavor to credit the redemption proceeds to registered bank account of the investors
In an interview with Himadri Buch of Moneycontrol, Vinay Kulkarni - Senior Fund Manager - Equities, HDFC Asset Management Co Ltd talks about the risks to market rally
Manish Sonthalia also said that telco ARPUs could have bottomed out and a tariff hike is likely to be around the corner.
Earlier in August, Essel Finance had got the Securities and Exchange Board of India's approval to acquire Peerless Funds Management
Shah said that lower base effect to help earnings numbers and believes bank recap, a game changer, will help in better credit growth.
Under systematic withdrawal plan, the transaction dates for monthly and quarterly frequencies will be 10th and 25th of the month
The scheme will allocate at least 65 percent of the corpus in equity and equity related instruments of large-cap companies
Watch the interview of Swati Kulkarni, Executive Vice President and Fund Manager at UTI MF with Prashant Nair and Ekta Batra on CNBC-TV18, in which she shared her readings and outlook on market and specific stocks and sectors.
Only three public sector banks -- SBI, Indian Bank and Bank of Baroda -- figure in the Bharat-22 index.
Mutual funds houses have been lapping up shares of ITC due to its cheap valuations compared with the available stocks in the FMCG sector.
Currently, investors can enroll for SIP facility with monthly, quarterly, only by choosing specified dates
The 4 schemes are Taurus Liquid Fund, Taurus Ultra Short Term Bond Fund, Taurus Short Term Income Fund and Taurus Dynamic Income Fund
Sectors such as financials, aviation, IT, energy and auto were on the radar of fund houses during September.
The monthly dividend facility will have dividend reinvestment and payout facility option.
Security type includes government securities and debt instruments with residual maturity less than or equal to 60 days
Under the facility, unit holders can submit transactions to a designated email address.
ICICI Prudential AMC, which will manage the ETF, has proposed to raise an initial amount of Rs 8,000 crores