As the new calendar year approaches, tax season is almost upon us and the mad scramble to make investments is all set to begin. Keeping this in mind, many leading fund houses have introduced their new fund offerings, a majority of which feature initial offerings that are set to close by end of December 2016. […]
If you are the type of investor who parks surplus money into fixed deposits (FDs) and small saving schemes (public provident fund, national savings certificate and senior citizen saving schemes), you might be worried because of the declining interest rates. This year alone, the Reserve Bank of India has cut the repo rate by 1.25% […]
Gold has been considered as a precious metal since the start of human civilization. It is used in ornaments, as well as an asset or investment by some to be passed over to next generations. It also provides a sense of security, especially at the time of financial crisis. We may choose to invest in […]
The Securities and Exchange Board of India (SEBI), India’s regulator for markets, is expected to allow digital wallets to process mutual fund investments of up to Rs. 50,000. This would definitely make it easier for investors especially the younger ones to benefit from these investment opportunities. If SEBI does decide in favour of this move, […]
The continued popularity of mutual funds among retail investors has increased the number of mutual fund folios across all fund houses in India to the record high level of 5.8 crores. This data recorded by the Securities and Exchange Board of India (SEBI) in June 2017 indicates a growth in the number of folios by an […]
An advisory panel of the Securities and Exchange Board of India (SEBI), India’s securities market watchdog, has recommended stricter definitions of mutual funds. The implementation of these proposed changes may reduce the total number of fund schemes available in India by as much as 50%. A final decision regarding this advisory panel recommendation is expected […]
What Should You Do When Mutual Funds Underperform? Most of us invest in mutual funds because it generates higher returns vis-à-vis other products such as fixed deposits and at the same time, is more secure when compared to directly investing in equities through stock markets. However, funds may often fail to achieve this basic objective […]
Edelweiss Asset Management Ltd. announced on Tuesday its decision to acquire the mutual fund business of JPMorgan Asset Management India Pvt. Ltd. (JPMAM). Although Edelweiss Asset Management did not disclose the cost of acquisition, it said that the deal is in line with the recent acquisitions in the mutual fund industry. However, the deal is subject to […]
Aadhaar, the UIDAI issued biometric identity card, may soon become a mandatory requirement for key financial transactions such as share trading and mutual fund purchases according to a recent report by the Economic Times. This change proposed by the market watchdog SEBI (Securities and Exchange Board of India) and the Government of India is designed […]
The contribution of small towns to the asset base of mutual funds in India has reached the record level of Rs. 3.5 lakh crores in June 2017, which is indicative of a 46% increase over data recorded in the previous year. As per the data published by AMFI (Association of Mutual Funds in India), this […]
