Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains
New Mutual Fund rules: All existing investments and new investments made in debt MFs before March 31 will not be affected by the proposed mutual fund tax change
If the proposed amendment to the Finance Bill gets cleared, investments across durations will be taxed as STCG
The use of e-wallets for MF investments was allowed in 2017 to promote digitisation
Sukumar explains why investment opportunities in this space are expected to grow manifold
In a Q&A, Vishal Kapoor dwells on the fund house's plan to renew growth momentum following the acquisition of IDFC MF and re-branding exercise
Interest in low-risk equity products of mutual fund schemes see interest after extended period of outflows
Number for 11 months stands at 3.7 mn against nearly 10 mn last year
In the past three years, the fund took exposure across market capitalisations, with predominant allocation to large-cap stocks (averaging 79.88 per cent)
Investors take a shine to the systematic investment route for equity investment
Cash holdings of equity schemes at top 20 funds rise to 6.2%; in at least four, the holdings are above 10%
While mutual fund managers struggled this year as well, those in the equity category fared better
On the earnings side, the macro drivers are positive. We expect the earnings growth to continue, says SBI Mutual Fund CIO R Srinivasan
MF heads are divided over the lack of talent in the industry
The mutual fund industry is expanding distribution reach, simplifying products and leveraging technology in a bid to more than double assets under management
Mutual funds focussed on investing in fixed-income securities witnessed an outflow of Rs 13,815 crore in February, making it the third month of withdrawals in a row despite expectations that the rate hike cycle was nearing its end. In comparison, such funds saw an outflow of Rs 10,316 crore in January and Rs 21,947 crore in December. Prior to that, debt funds saw a net infusion of Rs 3,668 crore in November 2022, data from the Association of Mutual Funds in India (Amfi) showed. Of the 16 fixed-income or debt fund categories, nine witnessed net outflows during the month under review and the remaining six saw inflow. The heavy withdrawal was seen from liquid funds. Overall, debt funds continued to witness outflows at Rs 13,815 crore during the period under review. "With the central bank's focus on moderating inflation, the monetary policy has been tailored to ensure a disinflation process. Despite expectations around the February rate hike of 25 basis points likely being amongst the
The ninth-largest fund house's schemes to reflect the new name from Monday
February inflows most in nine months, debt schemes continue to struggle
Move comes days after Sebi suspended practice citing misuse
Bajaj Finance has a retail presence that's unlike any other non-banking finance company