NEW DELHI: Financial services firm Edelwiess has received consent from Competition Commission of India (CCI) to purchase mutual fund business of JP Morgan in India. The latter had entered the mutual funds industry in India in 2007 after approval from the fair trade regulator CCI. The transaction, declared in March, marks the exit of another […]
Axis Mutual Fund AMC, one of the top mutual fund houses operating in India, plans to introduce two new open-ended schemes by the end of 2017, according to reports. The launch of these new mutual fund investment options is in line with the AMC’s goal of increasing the number of retail folios from the current […]
Most of the taxpayers delay their tax-savings investments till the last quarter, and some till last month of the financial year. Even in the case of Equity Linked Savings Schemes (ELSS), around 30–50% of total investments in ELSS are made in the last 3 months of the financial year. However, ELSS is a market-linked instrument […]
Although Arbitrage Funds have been in the market for more than a decade, investor participation is still very low. This is primarily because of lack of information and inability to comprehend the potential returns of arbitrage funds. But before we tell you the benefits of investing in arbitrage funds, let us understand what they are […]
If you are comfortable exposing yourself to market fluctuations, consider investing in market linked investment products that save tax. Otherwise, consider traditional tax saving investment options. Investments are always a gamble, whether you are putting your hard-earned money in traditional plans such as fixed deposits (FD) and public provident fund (PPF) or new-age market-linked instruments. […]
Securities and Exchange Board of India (SEBI) is considering removing the cap on annual investment made via online transactions. Currently, investors can only invest Rs 50,000 per fund house in a financial year. This move is expected to ease the entry of new investors and help mutual funds increase their penetration in smaller towns. In […]
The mutual fund industry received net inflow of Rs 1.7 lakh crore in April 2016 with liquid and money market segments contributing the most. The corresponding figure for April 2015 was Rs 1.1 lakh crore. According to Association of Mutual Funds in India (AMFI) data, the investors poured in a net investment of Rs 1,70,161 […]
Reliance Capital Asset Management Ltd. is in talks to acquire the Rs.7501-crore portfolio of JP Morgan Asset Management India Pvt. Ltd. This acquisition, if concluded, will close the gap between Reliance Mutual Fund and its two biggest rivals, ICICI Prudential Mutual Fund and HDFC Mutual Fund. As on 31 December 2015, Reliance MF’s total assets under management (AUM) […]
Mutual Funds have emerged as one of the most popular investment options for individuals looking to grow their savings over the long term. One of the primary factors behind their popularity is their flexibility. Mutual funds investments can be availed for amounts as small as Rs. 500 and for as long or as short an […]
ICICI Prudential Asset Management Company (AMC) has surpassed HDFC AMC to become the largest mutual fund house in the country in terms of assets under management (AUM). As on 29 February, ICICI Prudential's AUM stood at Rs1,74,439 crore as against HDFC MF’s Rs 1,70,411 crore, ending HDFC's 5-year dominance as the largest mutual fund house. […]
