From Rs 2,000 notes to mutual fund, list of big changes impacting your financial life from October 1
Business | September 23, 2023 12:29 ISTHere is the list of changes which will impact your personal finance from October 1.
Here is the list of changes which will impact your personal finance from October 1.
Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said.
HDFC Defence Fund: HDFC Asset Management Company Ltd announced the launch of the country's first mutual fund focussed on defence sector.
While Motilal Oswal Equity Opportunities Fund Series II has bought 2 lakh shares in the company, Motilal Oswal Business Advantage Fund Series II also bought nearly 1 lakh shares.
With the addition of Apollo Micro Systems, the fund house has now 140 stocks holding in the portfolio. This includes ITC, SBI, PNB, HDFC Bank, LIC, Airtel, Tata Steel and others.
Indian Mutual Funds market AUM has recently crossed over Rs 36 lakh crore. Average Assets Under Management (AAUM) of the Indian Mutual Fund Industry for the month of August 2021 stood at Rs 36,09,471 crore. Here are a few tips to protect Mutual Funds portfolios in the downturn and volatile market.
Tata Capital’s digital loan offering is provided against a wide range of equity and debt schemes across mutual funds.
The last date to link Aadhar with Pan card has now been extended till June 30, 2021.
Post the transaction, shareholding of the schemes of HDFC Mutual Fund in Just Dial stood at 5.60 per cent.
The six schemes received Rs 941 crore from maturities, pre-payments and coupon payments during the period October 30 to November 13, 2020, the fund house said in a statement.
Markets watchdog Sebi has amended regulations to provide more leeway for companies to raise funds, including reducing the time gap between two qualified institutional placements to two weeks, amid the coronavirus pandemic.
The mutual fund industry added 6.12 lakh investor accounts in May, taking the total tally to 9.1 crore, amid volatile market conditions and concerns over the impact of coronavirus pandemic.
The mutual fund industry raised Rs 8,123 crore through the SIP route last month, lower than Rs 8,376 crore mopped up in April, according to the latest data from the Association of Mutual Funds in India (Amfi).
Mutual funds have invested just Rs 1,230 crore in stock markets during the lockdown and industry experts believe they are still waiting for a good "entry point" and maintaining high liquidity for any possible redemptions by corporate houses.
Markets regulator Sebi has permitted mutual funds to make additional investment in government securities and treasury bills for corporate bond, banking and public sector undertaking, and credit risk funds, industry sources said.
Tata Capital Growth Fund II (TCGF II) managed by Tata Capital has invested a sum of $5 million in a US-based security software-as-a-service (SaaS) startup Indusface to help give a boost to the firm's global customer acquisition and product innovation plans.
Franklin Templeton Mutual Fund (MF) on Thursday decided to shut six of its open-ended debt schemes oriented towards high-yield investments citing continued redemption pressure and lack of liquidity in the debt markets amid the lockdown and the coronavirus pandemic.
Equity-oriented mutual fund schemes delivered a negative return of about 25 per cent to investors over the last one month as the broader market witnessed significant downtrend amid coronavirus-triggered recession fears.
Net inflows into equity and equity-linked schemes rose from Rs 7,547 crore in January to Rs 10,760 crore in February, data by the Association of Mutual Funds in India showed on Wednesday. This is the highest since March 2019, when equity schemes attracted an inflow to the tune of Rs 11,756 crore.
Mutual funds focused on investing in fixed-income securities saw an inflow of over Rs 94,000 crore in three months ended December 2019, driven by infusion in liquid and overnight funds.
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