With this merger, investors who have invested in IDBI MF schemes will get access to LIC MF's diversified basket of product offerings covering equity, debt, hybrid, solution-oriented themes, ETF and Index funds.
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What the winding up of these credit funds means for investors, explained.
Mutual fund schemes investing in REITs and infrastructure investment trusts (InvITs) will have to give 15-day time to unit-holders to exercise exit option, Sebi said today.
Investors have pumped in nearly Rs 54,000 crore into various mutual fund schemes in January, with liquid, income and equity funds attracting the most of the inflows.
CNBC-TV18 learns that banks stand to save 50 percent on marketing and operational spends by digitizing rural operations.
As per the latest data available with the Securities and Exchange Board of India (Sebi), investors have put in Rs 1,94,820 crore in various mutual fund schemes.
Investors had poured in Rs 1 lakh crore and Rs 1.13 lakh crore, respectively, in MF schemes in August and July.
Since most of the mutual funds mirror market performance though not essentially in a linear way, the returns from mutual fund tend to vary as the market changes. Not only this, some mutual fund schemes fail even in a rising market as the fund manager fails to find the right investment algorithm required to make a scheme work successfully.
Rajiv Goel of Bombay Capital Services elaborates on how equity linked savings scheme is the new equity linked support system. He focuses on how it becomes a key savings and investment tool.
This significant level of funds withdrawal has also contributed to the decline in the total assets under management of mutual funds that fell to Rs 8.11 lakh crore as on June 30, from Rs 8.68 lakh crore in the previous month.
Investors always look for good investment opportunity, which gives good returns, but at the time people also want their investment to be safe and secure. Looking at present financial distribution system and quality of advice available in the market, Pankaj Maalde strongly believes that Mutual Fund Investment can help a lot to investors.
Fund houses have begun lining up mutual fund schemes focused on the government's newly proposed Rajiv Gandhi Equity Savings scheme (RGESS), which aims to attract first-time small investors into the capital market by offering them tax benefits.
In any product that we procure, including financial products, there are costs involved. In case of Mutual funds, for all the convenience it confers, the costs are recovered by way of an expense that the fund charges. Read this space to know if the cost charged by Mutual Fund is really worth paying.
India will allow qualified foreign investors to invest up to USD 10 billion in domestic mutual funds from August 1, a senior finance ministry official said on Friday.