Top CEOs and heads of investments from several fund houses got together to discuss how the Rs 65-trillion Indian mutual fund industry will handle the gush of investors that’ll come in when systematic investment inflows go up from Rs 23,000 crore clocked in July 2024 to the approaching milestone of Rs 50,000-crore-a-month inflows.
Singh was referring to the recent incident during the general elections results day when some of the mutual fund companies were unable to allot the same-day Net Asset Value (NAV) to investors even when they had invested within the cut-off time.
Mutual fund industry experts have been warning that investing in mutual funds that have performed well in the recent past can lead to disastrous results for retail investors.
Can the Nifty continue its upward journey? According to experts, the index is likely to hit the 24,850-24,950 zone soon, as long as the 24,700 level holds in the coming sessions, while 24,500 remains a crucial support zone. The Bank Nifty is expected to march towards 51,000 if it manages to hold 50,500 on a closing basis, with support at 50,300. Globally, minutes of the Fed's July Meeting point to a likely rate cut coming in September. Among stocks specific action, Zomato will be in focus once again as it will be acquiring Paytm's entertainment ticketing business for Rs 2,048.4 crore. Highdell Investment to sell 2.36% stake to promoter of Kalyan Jeweller for Rs 1,300 crore. Moneycontrol's Stacy Pereira speaks with Aamar Deo Singh-Sr Vice President, Angelone about all this and more on Opening Bell
Set investors' expectations in the right manner, handhold investors to create wealth and avoiding recency bias are some steps suggested by experts to achieve the SIP of Rs 50,000 crore.
The demand for passive mutual funds has grown exponentially over the past few years and the assets under management in this segment has grown to Rs 10.2 lakh crore or 17 percent of the total market share.
Speaking at the third edition of Moneycontrol Mutual Fund Summit 2024, Anand said, "Thanks to how India has grown, my style of investing which has a mix of taking risk, has performed well over the years."
Most fund houses require a minimum monthly investment of Rs 1,000 for SIPs, with only a few permitting SIPs as low as Rs 500, and even fewer allowing investments of just Rs 100 per month
While speaking at the Moneycontrol Mutual Fund Summit, SEBI whole-time member Amarjeet Singh said that the deliberations have concluded on allowing funds flexibility in the credit default swap or CDS arena.
Mutual funds are a power vehicle to participate in the equity markets. Well-managed schemes have proved with their long-term track records that wealth can be built over the long term
While the Nifty 500 Equal Weight Index has performed much better than the Nifty 500 across time periods, the former has a higher risk profile because of heavy exposure to mid-cap and small-cap stocks.
At a time when small and mid-cap stock have gone up despite valuation concerns, some fund managers have turned to largecaps to reduce the risk and also have a buffer against a decline in market
More importantly, the quantum of mutual fund buying has been consistently rising over the past few months. In June, the group saw Rs 990 crore net buying from mutual funds, which was higher than May when the buying was pegged at Rs 880 crore.
The event will be attended by industry experts and veterans, who will address the most relevant topics pertaining to the mutual fund industry.
The scheme will look to offer the benefits of lower volatility, reduced interest rate risk, and moderate credit risk, making it a good choice for short-term savings
DSP Nifty Top 10 Equal Weight Funds — a pair of ETF and index funds — will invest in only10 stocks. These would be among the most focussed mutual funds.
The government might reduce or even discontinue the SGB scheme, citing concerns that it's costly. Old issues trade on exchanges such as the BSE and NSE, even though amid thin volumes. Do investing in SGBs that are trading on exchanges make sense and what roles SGBs play in asset allocation in a portfolio? Harshad Chetanwala, co-founder, MyWealthGrowth.com, answers.
This Independence Day, we urge everyone to take concrete steps towards achieving financial freedom systematically by setting life goals, analysing cash flows, investing wisely and more.
Gold prices took a hit of around five percent in July after Budget 2024 cut customs duty. This could impact two issues of Sovereign Gold Bonds coming up for maturity in 2024.
Out of the 10 Adani group companies, Adani Ports and SEZ has the highest mutual fund exposure at Rs 13,024 crore, followed by Ambuja Cements at Rs 8,999 crore, ACC at Rs 7,668 crore and Adani Enterprises at Rs 7,291 crore.
Quant Mutual Fund purchased shares worth Rs 3,669 crore in ITC in July. Simultaneously, the fund sold 2.95 crore shares in HDFC Bank, worth Rs 4,763 crore.
For mutual funds, the top buys in the space were HDFC Bank wherein they bought shares worth Rs 2,648 crore, followed by Axis Bank (Rs 2,143 crore), State Bank of India (Rs 1,468 crore), and Punjab National Bank (Rs 780 crore).
India’s forex reserves reached a historical high of $675 billion, as of August 2, 2024, said RBI governor Shaktikanta Das in his monetary policy speech on August 8. MF industry experts say this is the right time to increase investment limits in foreign securities by MFs.
Inflows into open-ended equity funds have remained in the positive zone for the 41st month in a row.
Here's a list of smallcap stocks have seen a price erosion of up to 43 percent over the past year. While sum fund managers dumped these stocks, many continue to have them in their portfolios