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 […]
There are a few myths that either hold back people from investing in mutual funds or lead to wrong investment decisions resulting into losses. Therefore, its better you educate yourself about these myths, than making a wrong investment choice. 1.Rs 10 Net Asset Value (NAV) means cheap New fund offers (NFOs) are […]
As per an Economic Times article, ‘Bharat 22’ Exchange Traded Fund, a New Fund Offer (NFO) managed by ICICI Prudential Mutual Fund is going to be in the market this November. Subscription to the fund will open on November 14th for anchor investors and on November 15th for retail investors and will last till November […]
The recent market downturn has left many investors shaken. To bring you up-to-date, S&P BSE Sensex, the most commonly used market indicator, has registered a sharp decline of 10% since August 3rd. There was a close to 6% fall in a single day on August 24th. To many this might be reminiscent of the 2008 […]
Equity mutual funds in India have witnessed record high capital inflows of Rs. 20,362 crores in the month of August according to data released by the Association of Mutual Funds in India (AMFI). This new record capital inflow into equity funds is attributed to increased participation by retail investors in India as well as due […]
Till a few months ago, Gurgaon resident Pramod Shukla, 35, invested in mutual funds through the relationship managers of his bank. The process was tedious and time-consuming, as he had to schedule meetings with a relationship manager for filling up application forms and signing cheques. The investment too was not instant as he received mutual […]
Mutual funds like any other investment route are subject to a certain degree of market risk and are definitely not recommended for the completely risk averse. But for those who are willing to take low to medium risk, mutual funds can be quite rewarding with returns of up to 23% or even more over a […]
If you have been following the news closely over the last couple of months, your investments in mutual funds might have left you jittery. In latest developments, Securities & Exchange Board of India (SEBI) has canceled the registration of Sahara Mutual Fund. The board has asked the fund house to stop taking fresh investments and […]
With the financial year nearing its end, it is time when tax payers start evaluating various tax saving options available under Section 80C. While investment products like Unit Linked Insurance Plans (ULIPs), endowment policies, Public Provident Fund (PPF), National Savings Certificate (NSC) and tax-saving bank fixed deposits comes first to their mind; Equity Linked Savings […]
HDFC Mutual Fund launched an open-ended notified tax savings-cum-pension scheme called HDFC Retirement Savings Fund. The new fund offer (NFO) opened for subscription on February 5, 2016 and closes on February 19, 2016. The investment objective of the scheme is to generate corpus to provide pension to an investor in the form of income […]
