Brokers will not be allowed to accumulate investors' funds; investors have to verify their personal details online
Energy schemes have been the second-best performer with annualised returns of 62 per cent
Transparency, low cost and the variety of investment options offered drive investor preference, says a section of top MF honchos
The Flexicap fund from ICICI Prudential MF aims to follow a mix of top-down and bottom-up approach to spot opportunities in large-, mid- and small-cap spaces respectively
The category is volatile; take limited exposure to funds with quality portfolios
The stocks mutual funds had invested in had risen almost to pre-pandemic levels in March
In a circular, the market regulator said that no MF under all its schemes shall own more than 10 per cent of AT1 bonds issued by a single issuer
Two dozen AMCs don't even have a single women fund manager; only a couple have more than two
Starting this month, new Ulip plans with annual premium of over Rs 2,50,000 are proposed to be taxed in the same way as capital gains on transfer of equity-oriented MF units
Mutual fund investors stop getting the benefit of any appreciation after three years
Investment in mutual funds through systematic investment plans dropped to a 31-month low of Rs 7,302 crore in November amid challenging economic environment. However, investment through the Systematic Investment Plans (SIPs) route had risen in October after six months of continuous decline. The 44-player mutual fund industry witnessed an inflow to the tune of Rs 7,302 crore through SIPs in November as compared to Rs 7,800 crore in the precedingmonth, data from the Association of Mutual Funds in India (Amfi) showed. This was the lowest-level since April 2018, when the investment through the route wasRs 6,690 crore. Since the last three days of November were non-business days, a significant amount of SIP flows might not be reflected in the official numbers. It is also significant to note that there has been a healthy addition of 3.39 lakh SIP accounts in November. Fund collection through SIP was Rs 7,788 crore in September, Rs 7,791 crore in August and Rs 7,831 crore in July. It dr
Until now, investors who gave a cheque for below Rs 200,000 got the same day's NAV, while those putting more got the NAV of the day when the cheque was realised
Equity mutual funds witnessed an outflow of Rs 2,480 crore in July, making it the first withdrawal in more than four years, primarily on profit-booking by investors
Industry estimates suggest over Rs 700 crore of fresh flows in July
Overall, the mutual fund industry witnessed a net inflow of Rs 7,265 crore across all segments last month
Investors can get these loans at 9-10 per cent interest rate
The equity schemes had combined asset base of over Rs 33,000 crore
A stamp duty of 0.005 per cent will be levied on issuance of units, and 0.015 per cent on transfer of mutual fund units.
In a letter to investors, Franklin Templeton MF President Sanjay Sapre has updated them on the winding up process of six debt income schemes
Banking stocks have lagged the market in the rebound off coronavirus lows, hit on March 23, 2020