Customers can avail instant loans of up to Rs 3 crore by pledging their equity and debt MF holdings on a mobile app
The yield on the 10-year government security on Friday ended at 7.42 per cent
We remain excited about the prospects of this business and remain committed to investing in its growth, said Edelweiss MF CEO
Among sector/thematic funds, technology funds are on average down 23.4 per cent year-to-date
The regulator has also prescribed a working group to examine whether measures towards any additional risk management are required to be prescribed for FPIs
At its board meeting, the watchdog also cleared amendments to regulations governing mutual funds and portfolio managers.
The long-awaited move is aimed at boosting liquidity and efficiency at domestic commodity bourses, even as concerns remain if this would make markets more volatile
Asset management companies are gearing up to launch new mutual fund schemes from July as capital markets regulator Sebi's ban on the introduction of new fund offerings nears its end
Edelweiss AMC on Monday said it has revoked the temporary suspension in seven of its international offerings with effect from June 21
Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of $7 billion for the industry
International funds have given negative returns of 17% in the last one year, while pharma and banking funds are down by 12.5% and 8.1% respectively
Even those who know fundamentals-based investing must subject themselves to periodic reality checks
Individual fund houses are sitting on more cash than others. There were at least five fund houses that held more than 5% cash as of May-end
Overall, MFs invested Rs 29,400 crore last month even as overseas investors sold shares worth Rs 42,900 crore
Mutual funds focused on investing in fixed-income securities witnessed a net outflow of Rs 32,722 crore in May in the wake of Reserve Bank of India (RBI) stance on monetary policy turning hawkish
Arvind Chari, chief investment officer, Quantum Advisors explains the ramification of the RBI’s policy announcements for fixed-income investors in an interview with Sanjay Kumar Singh >
Earlier on Saturday, the government approved 8.1% rate of interest on EPF deposits for 2021-22, which is an over four-decade low, for about 50 million subscribers of EPFO
Those with small amounts should skip it owing to high costs and elaborate tax-related compliances
The shares were picked by a clutch of domestic mutual funds, foreign investors and an insurance company
It surpassed its all-time highest monthly record of 1.96 crore transactions achieved in March, while number of such transactions was 1.94 crore in April, the exchange said in a statement.