With Axis AMC firing its chief dealer and fund manager and Invesco MF whistleblower alleging wrongdoings, a lot is happening in the mutual funds space. Should you be investing in MFs at this point? Join Sumaira Abidi in conversation with Feroze Azeez of Anand Rathi Wealth and Kalpesh Ashar of Full Circle Financial Planners to get a status check of India's mutual fund industry.
A fund manager at the company was sacked after claiming the fixed income team broke rules on keeping mutual funds and portfolio management services separate.
On September 17, 2021, the board of directors of IDFC Limited and IDFC Financial Holding Company Limited gave the nod to kick-start the divestment process for the mutual fund business subject to requisite regulatory approvals, as applicable
"The depth of talent within Zee gives us conviction that if the company were properly managed, it has the potential for tremendous growth and success," said Invesco's Justin Leverenz, Chief Investment Officer, Developing Markets Equities.
Markets would need severely bad data to retest 7500 levels on the Nifty. But, at the same time, we have seen good improvement in the market – a significant upside looks difficult.
Indian equity markets are trading at a 20 percent premium compared to historical averages and a reality check is in order in the form of first quarter earnings, says Vetri Subramaniam, CIO of Invesco Asset Management Company.