The unit holders will be able to pay their instalments on 5th and 20th of every month, in addition to the existing dates
This morning, Moneycontrol had exclusively reported that Sundaram MF was barred from making transactions through BSE StAR MF.
Making investment decisions just based on the tax advantage has never been a good idea.
BSE StAR MF is the largest MF distribution platform in India. In 2017, the platform processed 1.3 crore transactions worth over Rs 1 lakh crore.
According to Association of Mutual Funds in India (Amfi) data, investors have poured in a net Rs 1.06 lakh crore in mutual fund schemes last month as compared to a pullout of Rs 1.75 lakh crore in December.
Long-term investors benefit hugely in midcaps. Overall, midcaps tend to go through high volatility but, at the end of the day who has remained a long-term investor has amassed considerable wealth.
Quant Capital assets under advisory was Rs 520 crore as on March 2017.
The revision comes after index compiler CRISIL launched three hybrid indices and changed its methodology for all existing hybrid indices.
A close-ended multi cap fund portfolio will consist of 45-55 high conviction ideas picked across sectors and market capitalizations
The fund house is likely to announce the acquisition next week
It’s advisable to adopt the twin strategy of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) to meet financial goals.
HDFC Prudence Fund, HDFC Equity Fund and HDFC Mid-cap Opportunities held significant shares of public sector bank, Punjab National Bank
The scheme will be categorised as an open-ended equity scheme following economic reforms and infrastructure development theme
investors can donate 5 percent or 10 percent of their holdings under the folio tagged for the facility to non-governmental organisations through automatic redemption of their units
The total-return variant captures the value of dividends paid out by companies, and the price-return variant captures capital gains of companies in the index
The total return variant captures the value of dividends paid out by companies, while the price return variant captures capital gains of firms in an index.
Fund managers added as many as 9 stocks to their portfolio for the first time which include names like Orient Electric, followed by Amber Enterprises India, Galaxy Surfactants Ltd, Newgen Software, Emami Paper, Nath Bio-Genes, Apollo Micro, HOEC, and Pilani Investment.
The mutual fund (MF) industry has sought level playing field vis-a-vis the unit linked insurance plans (ULIP) after the imposition of the dividend distribution tax (DDT) and long-term capital gains tax (LTCG) in the budget, a top official of the industry body AMFI said.
All 40 schemes in the small cap category delivered negative returns in one month period ending February 9.
The changes come in the wake of SEBI guidelines on October 6.
There are many young people who keep a majority of their equity investments in large-cap funds
However, he said mutual fund is the right route for retail investors to participate in the capital markets.
SEBI said that auditors who have conducted audit of mutual fund for more than nine years may continue till the end of 2018-19
The name change is s per the new guidelines laid by the Securities and Exchange Board of India on Oct 6.
The scheme will be categorised as an open-ended hybrid scheme investing predominantly in equity and equity-related instruments