Subramaniam plans to focus more on domestic-oriented sectors as he believes that India will be an attractive market
Viji was quoted as saying in the statement, "The Sundaram brand has stood for trust over the past 60 years and under Sunil's able leadership the company will reach new heights."
DSP BlackRock MF sees Nifty50 climbing above 9,500 by December 2017.
We have made consistently good money over the past whenever we have capitalised on events – be it Brexit, Trump election, demonetisation etc,
Sunil Subramaniam, CEO, Sundaram Mutual believes 2017 the government will focus on rural economy and infrastructure space in the upcoming Union Budget as they will aim to kick-start the economic growth.
The market would most likely rebound with vigour in February-March post clarity on Budget and earnings outlook, said Sunil Subramaniam, CEO, Sundaram Mutual.
The market has started to settle as they now know that demonetisation impact will be short-term, says Sunil Subramaniam, CEO of Sundaram MF. Gross Domestic Product and consumption will atke a hit in next few months.
Speaking to CNBC-TV18 Sunil Subramaniam, CEO of Sundaram Mutual Fund, said that some of the discretionary money has moved into the arbitrage segment. “There has been a spike in the discretionary amount because arbitrage funds have seen significant flows. In the next three months there will be enough news to impact market.â€
India is the only pack in emerging markets which has a domestic consumption story building on its own, independent of volatility from global news, according to Sundaram Mutual Fund CEO Sunil Subramaniam.
The monthly average for inflow in equity mutual funds stood at 2015 Rs 7550 crore, where for the first seven months of 2016 it stands at Rs 2293 crore.
While this will not make debt funds on par with equity as equity funds have a holding period of only 1 year to qualify as long term this will go a long way in making debt funds more retail friendly.
Sunil Subramaniam, Deputy CEO, has been designated CEO of Sundaram Asset Management Company Limited with effect from July 01, 2015.
Investments in mutual fund linked retirement plans should be considered for income tax deduction under section 80CCD of the Income Tax Act. RGESS may be enhanced and investment limit under section 80C should be increased.
Investors subscribe to the thought that they make money if they remain invested for long term. However in practice most investors panic in short term. Closed ended structure helps investors to stay put in equity for longer period of time.
Sundaram Mutual announces the launch of its two new tax savings Fund Offerings namely; Sundaram Long Term Tax Advantage Fund (Series I) and Sundaram Top 100 (Series IV)
Sundaram Mutual has appointed Sunil Subramaniam as Deputy CEO, with effect from February 19, 2014.
Sundaram Mutual Fund has launched new scheme as Sundaram Select Micro Cap, Series I, a five-year closed-end equity scheme, which aims to invest predominantly, between 65-100 percent, in equity or equity-related instruments of companies that can be termed as micro-caps.
The gold rush is in full swing and with auspicious occasions like Akshaya Tritiya exports expect this rush to become a stampede especially in Gold ETFs where a short spike in retail participation has already taken the Mutual Fund industry by surprise, reports CNBC-TV18's Mitra Joshi.