Mutual fund KYC March 31 deadline: Existing investors get some relief
Mutual fund investors no longer need to re-do the KYC for their existing MF investments. Earlier, failure to do so would have blocked them from transactions from April 1, 2024.
'After three decades in market...': Kotak AMC's Nilesh Shah reacts to repeated KYC demands
'How many times KYC needs to be done? Clearly our KRA agencies / Registrar can do a better job,' Shah said on X platform
Can active funds outperform benchmarks? Zerodha's Nithin Kamath says 'it's getting increasingly harder'
'It's a no-brainer to use low-cost index funds for your core portfolio. You can complement that with other funds, but the core should be passive funds,' Kamath advises investors
Zerodha Fund House AUM gains Rs 500 crore in 40 days; total hits Rs 1,000-crore mark
The fund house touched the asset base of Rs 500 crore on February 15
PGIM India Mutual Fund launches retirement fund; should you invest?
The fund strategy will have a minimum allocation of 25 percent each to large-cap, mid-cap, and small-cap stocks, which is in line with the investment mandate of multi-cap funds.
The Money Calendar 2024-25: Keep up with investments, taxes, lenders and more
Come April 1, we hope you have a happy new financial year! Be sure to download our calendar and keep track of your portfolio, your tax filing dates, your life and health insurance policies, and Valentine's Day, among other things. The Money Calendar 2024-25 helps you stay abreast of the most important dates in the upcoming financial year.
Over 73% active mid/small-cap funds fail to beat benchmark in 2023 despite market rally
On the other hand, the number of large-cap equity funds beating their benchmarks improved in 2023 as only 52 percent of actively managed funds underperformed the S&P BSE 100 last year against 88 percent in 2022.
SEBI asks mutual funds why elderly citizens were sold small-cap schemes
SEBI has asked at least one fund house why super senior citizens were sold high-risk schemes like small-cap schemes. Industry says more mutual funds have got SEBI’s email.
10 mid-cap gems that children-oriented MFs love to hold for the long term
Children-oriented funds are open-ended schemes with a lock-in period of at least five years or till the time the child attains the age of maturity, whichever is earlier. The compulsory lock-in provides fund managers a leeway to buy quality mid-cap stocks and hold for the long term
March 31 deadline: MF investors must re-do KYC or be blocked from all transactions
If your mutual fund KYC is not based on an officially valid document as specified by CAMS and KFintech, you will have to re-do your KYC by March 31, 2024. Failure to do this will mean you will not be allowed to do any MF transactions from April 1, 2024.
2024 a mean reverting year for markets, next leg of rally after long-term correction subsides: Umeshkumar Mehta, Samco MF
Umeshkumar Mehta, Chief Investment Officer at Samco MF in an interview with Moneycontrol shared his top sectoral picks, and views on how Dalal Street will perform in 2024 and the impact of SEBI stress test on mutual funds.
Can AI beat Rajeev Thakkar, Chirag Setalvad, Sankaran Naren, Gopal Agrawal and other fund managers?
While AI algorithms can crunch numbers and provide sophisticated advice, they cannot fully grasp the complex emotions and behaviours that drive market dynamics.
These large-cap multibaggers rewarded MF investors up to 400% in last one year
Large-cap stocks tend to generate relatively lower returns compared to mid-cap and small-cap counterparts over long run, but many can be multibaggers if you pick them after due diligence.
Fresh restrictions on overseas funds: How have the top 10 international mutual funds performed?
If an investor is looking to invest overseas, most global funds, apart from ETFs, are accepting fresh investments at this point. However, this can change at any time depending on the headroom available to the fund houses.
Quantum Mutual Fund votes against ICICI Bank and ICICI Securities merger
Quantum Long Term Equity Value Fund and Quantum ELSS Tax Saver Fund own shares in ICICI Bank and ICICI Securities. The fund house estimates that the merger will result in a net loss of at least Rs 6.08 crore to its unitholders.
Nippon India Mutual Fund further restricts fresh SIPs in smallcap fund
According to the fund house, the fresh limit has been imposed to facilitate gradual deployment of corpus to align with the nature of smallcap investing
SEBI asks mutual funds to stop accepting inflows in ETFs investing overseas
The upper limit available to MFs to invest in overseas securities is $7billion. However, there is a separate limit to invest in overseas ETFs, which is $1 billion. The ETF limit is now close to being breached
There is more to MF stress test than liquidity: Tata MF's Chandraprakash Padiyar
Tata Small Cap Fund reported one of the poorest numbers on the liquidity front, i.e, the number of days it would take to liquidate half of its portfolio. But its senior fund manager, Chandraprakash Padiyar, is not worried. He says the fund scores high on the liability side, which means the fund has a well-diversified investor base
Quant Mutual Fund lowers minimum redemption amount from Rs 1,000 to Re 1
When you hold units in Demat mode, while redeeming you have to input a whole number and decimals are not allowed. With this change by the fund house, you can redeem the decimal units too, say experts
Will mutual fund stress test results help investors? | Simply Save
Nirav Karkera, Head of Research at Fisdom digs deeper into the results of the stress test and talks about whether investors need to change their investment strategy, surprising numbers from the stress test results and what can be expected in the subsequent data.
The Bajaj name eased our way: Ganesh Mohan, CEO, on Bajaj Finserv MF's first year
Pune-based Bajaj Finserv Mutual Fund is close to turning one. The fund house's Chief Executive Officer, Ganesh Mohan, spoke to Moneycontrol about the experiences of the first year, what fuelled AUM growth, the impact of Bajaj’s name on the business, and future fund launches
3 ways smart investors make money; one of them will work best today
Seasoned investors try to minimise the risk of losing invested capital and prefer to invest at times when the odds of a favourable return on their investment are relatively high. But when valuations are expensive, one must be careful and take safety measures while investing.
MF stress test: Check whether your smallcap fund has these illiquid stocks
SEBI asks fund houses to ignore the least 20% illiquid stocks while assessing liquidity.
The idea is to let microcaps- the tiniest of the smallcaps- to grow unfettered as they could turn into tomorrow’s multibaggers. In the first such attempt, Moneycontrol identifies these 20% stocks.
March mayhem in equity markets: Where to invest your money today
While the recent performance of midcap and small-cap funds may have raised concerns among mutual fund investors, it is essential to approach investing with a long-term perspective.
