SIP inflows surged 2 per cent month-on-month (MoM) in September to Rs 12,980 crore, according to the latest data released by the Association of Mutual Funds in India (Amfi).
The trend is completely the opposite with smallcaps, with 80% schemes surpassing their benchmarks
The sharp spike in commission comes on the back of surge in the equity markets and sustained flows into equity MF schemes
Jain, an alumnus of IIT Kanpur and IIM Bangalore, has been replaced by Chirag Setalvad
Here're top-performing MF schemes in the past two years
Passive breaches are generally that have not arisen due to omission and commission of Asset Management Companies (AMCs)
Officials in the company said they are expecting another Rs 1,000 crore as online applications will continue till midnight
Multiple firms look to skip physical meetings, documentation while acquiring clients
Lower costs and ease of doing transactions are one of the few reasons investors have been moving towards such plans
Currently, fund houses are required to invest a maximum of Rs 50 lakh per scheme
The scheme was launched as a closed-end fund in February 2018, with a tenure of over three years ending June 2021
To seek changes in circular asking to pay 20% salary to key staffers in scheme units
Budget proposes that interest on the PF contributions (employee contribution) above Rs 2.5 lakh per annum be taxable with from April 1, 2021
Industry in January registered over 1.6 million SIPs, 58 per cent more than the previous nine-month average
Gilt funds came back under investors' radar in October after witnessing net outflow for two consecutive months
Says cap is meant for diversification, and just because some scrip is outperforming is no reason to raise the ceiling
Dividend payout option has to be renamed as "Payout of Income Distribution cum capital withdrawal option," the regulator said in a circular
Franklin Templeton Mutual Fund on Friday said its six shut schemes have received Rs 8,262 crore from maturities, pre-payments and coupon payments since closing down in April
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
Half a dozen stocks tipped to exit large-cap bucket, with 17 leaving the mid-cap universe