The scheme will deploy 100 percent of its corpus in overnight securities
Earlier the minimum investment was Rs 1,000 and in multiples of one rupee
This comes following a net infusion of Rs 11,600 crore in equities by the fund managers and a net withdrawal of Rs 10,825 crore from stocks by FPIs in September, latest data available with the markets regulator Securities and Exchange Board of India (Sebi) and depositories showed.
You need to know that there is no such thing as a "perfect mutual fund portfolio". There can be numerous reasonably good portfolios, and there's no one-size-fits-all.
Chandan’s role will be to guide the equity team in providing equity strategy for various equity funds
The open-ended scheme replicating or tracking Nifty 50 Index will deploy at least 95 percent of its assets in equity and equity-related securities covered by the Nifty 50 Index
As compared to other havens available under Section 80C of the Income Tax Act, ELSS has the shortest lock-in period
Reverse charge is a mechanism where the recipient of the goods and/or services is liable to pay GST instead of the supplier
Singh brings with him over 23 years of investment experience
Shah was elected as Chairman on October 12 and replaces A Balasubramanian, CEO of Aditya Birla Sun Life Mutual Fund, who took over as AMFI Chairman in October 2016
The resulting impact on debt mutual funds' risk appetite had raised concerns about how NBFCs will meet their funding needs
Founded by Keerthi Kumar Jain and Neha Jain in 2014, AnyTimeLoan.in is an on-demand peer-to-peer lending platform
Reliance Dynamic Bond Fund will be benchmarked against CRISIL Dynamic Debt Index instead of CRISIL Composite Bond Fund Index
Both plans will offer three tenures each
The total SIP contribution in the last six months for the current financial year stood at Rs 44,487 crore
The fund house will allow investment up to Rs 25,000 in fresh registrations under systematic investment plan through monthly or quarterly options on 1st, 10th, 15th, 21st, and 28th
The sell-off by foreign portfolio investors (FPIs) from the Indian equity markets has provided an opportunity to mutual fund managers, experts believe.
There was a domino effect of IL&FS episode on liquid fund withdrawals, but only to a limited extent. A large chunk of outflows can be attributed to September-end phenomenon.
Money invested in an overseas funds is in dollar-denominated assets. The change in the price of these assets drives investor returns as well as benefits from a weaker rupee
Equity funds added 10.90 lakh accounts last month, taking the total equity fund folios to 4.81 crore
Iyer had joined the fund house as CEO in March
According to Association of Mutual Funds in India (Amfi) data, the asset under management (AUM) of the industry, comprising 41 active players, stood at Rs 22.06 lakh crore at the end of September, as compared to a record Rs 25.20 lakh crore in August-end.
Ramesh said MF Utility has tied up with 30 fund houses which handle almost 97 percent of the industry’s AUM.
In case of mutual funds, a differential rate of taxation is applied across fund categories.
SEBI emphasised on the need of having more competition to ensure uniform growth among industry players