The UTI AMC stock has given a return of 34.25 percent after it was listed on the bourses on October 12, 2020 but has lost 20.59 percent of its value since the beginning of this year
According to an analysis of investor returns during the past two decades — from 2003 to 2022 — by Axis Mutual Fund, retail investors' returns were the lowest and those of fund houses the highest, be it in equity or hybrid funds (2003-22) and debt funds (2009-22).
According to the data, the number of folios with 43 fund houses rose to 12.95 crore in March 2022 from 9.78 crore in March 2021, which registered a profit of 3.17 crore during the one-year period.
Expense ratio is the measure of the cost incurred by an investment company to operate its mutual fund.
Domestic mutual fund houses seem to have made best of the correction in the Tata Group stocks following the dismissal of Cyrus Mistry by accumulating shares across the group companies in November, according to data from the fund houses.
Allowing MF houses to launch RGESS has given MF industry a good opportunity to attract long-term investors. However, it seems MF houses have still not learned lessons from their past mistakes. They still want to use the old trick of paying high commissions to distributors. Will it lead to mis-selling of RGESS? Read this space to know more.
The government proposed Rajiv Gandhi Equity Savings Scheme (RGESS) is creating a rift amongst mutual fund houses.
We don't realise that how our laid back attitude towards investments can cost us a few extra returns. If we recognise the facets to be looked into while selecting a prudent advisor; you�ll understand that selecting a good MF advisor is quite similar to selecting a good wife in many ways - who can stand by you through health and sickness.