It would be prudent to deploy the funds through systematic investment plans (SIPs), he told the channel as there are factors such as risks over monsoon distribution and political uncertainty playing on the market too.
All 8 schemes where Systematic investment facility will be available are equity funds.
As direct plans do not incur distribution expenses, the savings made in total operating expenses remain invested with the fund, which then start generating returns.
Under this facility, the first SIP installment will be fixed by the investor and the subsequent instalments will be calculated as per a formula
The scheme can invest up to 20 percent in securities lending and also engage in credit default swaps
The modifications comes in the wake of Securities and Exchange Board of India's regulations on Oct 6
Retail investors are showing slight concern with market correction and going forward we may see 20% drop in flows compared to last 6-month average, Mahesh Patil told CNBC-TV18
Knowing only the category of funds and investing money can help you achieve your goals but, it will not give you confidence in selecting the right funds.
The findings are a part of S&P Dow Jones Indices' scorecard SPIVA, which tracks the performance of actively managed Indian mutual funds against their benchmarks over one-year, three-year, five-year and 10-year periods.
IDFC has begun discussions with IndusInd Bank and Citic CLSA, among others, to merge or sell its AMC
"The SIP culture will get a further boost once bank KYC is accepted by mutual funds to start a mutual fund account. The good news is that regulators are already working in this direction," says Ravi Samalad of Morningstar India.
In December, Mirae Asset Emerging Bluechip Fund had restricted SIPs to up to Rs 25,000 per instalment only on the 10th of each month
Transaction platforms like NSE NMF II offer variety of services such as allocation and transfer of funds, reconciliation of fund, maintaining CMS, transaction reporting, e-mandate, among others
Investors must keep a track of the news flow but avoid acting just because there is a possibility of a sell of business.
Under the facility, investors can transfer a pre-determined amount to any target scheme from a source scheme, on a daily basis.
Prior to joining DHFL Pramerica AMC, Iyer was working as Senior Executive Director and Head – Investment Advisory Services & Family Office at Kotak Wealth Management
IDFC Mutual Fund has done better for itself and has raised its rank further in the industry even though the number of firms increased and the competition in the industry intensified
Citic CLSA and private equity firms like Apax Partners have expressed early interest in a deal
The scheme aims to provide capital appreciation by investing in well-diversified portfolio of stocks that could benefit from growth in consumption and related activities
In the last three months, as many as five mutual fund houses have appointed co-fund managers for managing their large or flagship funds
The lock-in period of five years will not be applicable to any existing investments and systematic investment or systematic transfer plans
You can start an SIP in multiple mutual funds with varying amounts.
In January, the decline in net inflows was mainly on account of redemption while the sales figure dropped in February
The fund house has revised the classification to comply with the new guidelines laid down by the Securities and Exchange Board of India on October 6.
To ensure that all schemes launched by mutual funds are distinct in terms of asset allocation and investment strategy, SEBI proposed categorisation and rationalisation of mutual fund schemes.