This week we write about mid-year financial checklist, selecting funds to drop, and the yoga gear you must have
The Mumbai-based asset manager, one of the fastest growing mutual funds in India, has seen its assets soar lately to Rs 93,000 crore ($11.1 billion) from Rs 240 crore in 2019.
The fund is suitable for investors who are seeking a stable, liquid alternative to traditional savings accounts and want safety and liquidity for short-term funds
Smallcap holdings came into focus amid Sebi probe over front-running
Sebi uses various algorithms, data analytics, and supervision technology to track instances of front-running and insider trading
Mirae Asset MF announces Nifty EV and New Age Automotive ETF, Groww files papers
Equity MF schemes have seen a surge in investors' interest in recent years amid a bull run in the equity market
Barring a temporary blip where stocks fell on verdict day, we are back to all-time highs. There doesn't appear to be any derating due to the coalition
The fund's assets under management at month-end increased to Rs 50,840 crore in March 2024 from Rs 23,128 crore in March 2021
Investors withdrew Rs 11,678 crore from SIP accounts last month, compared to an average of Rs 10,436 crore in the preceding six months
The mutual fund (MF) industry is concerned that the upcoming Union Budget may bring another tax blow
I reminded Meera that although Karan's parents had a large bungalow in his hometown, professional opportunities had brought them to Mumbai. Their children might behave similarly
The mutual fund industry has added over 81 lakh investors' accounts in the first two months of the current fiscal (FY25), mainly due to consistent marketing efforts, celebrity endorsements and dedicated work of the distribution network. Additionally, changing perceptions about fixed deposits, which no longer offer competitive returns compared to mutual funds, and the rise in income levels and accessibility to financial markets have also contributed to the rise in new investors, Trivesh D, COO of stock trading platform Tradejini, told PTI. Going ahead, the outlook for mutual fund folios remains strong, supported by the ongoing bull run in the stock market, solid risk management practices, continuous investor education, and consistent marketing efforts, he added. Moreover, the industry will continue to see decent growth as savers increasingly look for alternative avenues to create wealth for their long-term goals, experts said. "As India's per capita income grows, investors will look
In the past fortnight, fund houses have approached Sebi for 20 NFO approvals
MFs offer investors access to a wider range of assets (gold and international funds), fund houses and fund managers. Barring ELSS, the open-ended funds offer anytime liquidity
Sold shares of 9 PSUs worth Rs 9,570 crore in May
Sets top 75 holdings of large fund houses as universe
The performance marks a reversal in the trend seen in the midcap and smallcap space in the last 12-18 month period, wherein majority of the schemes were found to be trailing their benchmarks
Several investors had taken to social media to complain about being unable to square off their positions
Sebi has proposed to permit participation of mutual funds in CDS buying for all schemes as well as CDS selling for all schemes except overnight and liquid