The statement by the asset management company comes in the wake of complaints reportedly being received by Axis Mutual Fund from stock brokers about fund managers punching in trades on behalf of the fund at values much higher than the market.
Sectoral mutual funds allow investors to participate in best-performing stocks in the specified sector like energy, infrastructure, technology, banking, healthcare and more.
Many analysts believe that one should re-look at their investment portfolio once in a year or even twice or thrice depending upon the motive of investment which can be short term, medium term, or long term. We will guide you to whether one should re-look at their investment portfolio or book profits or should hold their investments.
Crorepati at 40, Early retirement: A careful planning and a strict financial discipline like selecting right schemes and a regular investment can help you become a crorepati at 40 and get rid of your job.
Mutual funds have been the topic of attraction for years now, credit the varieties of plans and high returns they give. But before you start investing in mutual funds, it is necessary to understand what it is. Many people confuse mutual funds with stocks.
Franklin Templeton Mutual Fund on Thursday said its six shut schemes have received about Rs 1,498 crore from maturities, pre-payments and coupon payments in the second half of August.
The mutual fund industry has added 18 lakh investor accounts in three months ended June 30, taking the total tally to 9.15 crore, amid volatile market conditions.
Market regulator Sebi has decided to extend the reduced cut-off time for subscription and redemption of mutual funds, including liquid and overnight schemes, till further notice.
The Reserve Bank of India's liquidity support for mutual funds may struggle to be effective, as its success will hang on bank'' appetite to take up the risks involved, amid low capital headroom and a likely increase in fresh non-performing loans, according to Fitch.
The Reserve Bank of India (RBI) on Monday announced a special liquidity facility of ₹50,000 crore for mutual funds (SLF-MF), in a move to ease the iquidity pressures on mutual funds amid coronavirus crisis.
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.
Due to high volatility in the markets and a somewhat similar or worse situation like the year 2008, investors are worry and want to make quick decisions regarding the investments they have made so far. The reason is no doubt an obscure picture of the future right now.
Inflows into equity mutual funds surged to Rs 10,730 crore in February, the highest level in 11 months, even as the broader market witnessed heavy volatility amid concerns over the impact of coronavirus.
The Central Board of Direct Taxes (CBDT) on Tuesday clarified that the budget proposal of 10 percent TDS will be applicable only on dividend payment by mutual funds and not on the gain arising out of redemption of units.
Net inflows into equities stood at Rs 933 crore last month, a three-year low and a drop of nearly 85 per cent month-on-month, according to data released by the Association of Mutual Funds in India (AMFI).
If you are looking to invest in mutual funds in the year 2020 and looking for best mutual funds then this information might just help you. Suresh Sadagopan, Founder, Ladder7Financial Advisories picks 7 Mutual Funds that you may look forward to.
Children's Day 2019 Special: Parents always are in search of better investment plans to provide their child with a secure future. Amid growing inflation and economic slowdown, parents should invest in childcare plans that offer greater returns. Experts say that Childcare plans of mutual fund houses fare better than traditional investment plans.
Bank officers at state-run banks are facing tremendous work pressure due to staff shortage and sale of third-party products like mutual funds which should be stopped, a senior official of All India Bank Officers' Confederation (AIBOC) said.
Do you know you can risk your finances if you are not aware of the norms involved in mutual funds investments? To avoid a repercussion, it is always advisable to read a detailed report that answers all your queries on it.
Overall, mutual funds have seen an inflow of over Rs 81,000 crore during April-October period of the current fiscal (2018-19), while equity schemes alone attracted an impressive inflow of over Rs 75,000 crore.
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