All stories by Chirag Madia
After 9 months, Equity mutual fund flows turn positiveRediff.com30 Apr 2021
Equity flows turning positive could give fund managers firepower to invest in the markets. This could come in handy as flows from foreign investors have tapered off amid rising bond yields in the US.
MFs struggle to crack B30 code, shares remain in 15-17% range of AUMRediff.com27 Apr 2021
Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors.
Large-cap equity schemes lagged benchmark returnsRediff.com16 Apr 2021
Asset-weighted returns of large cap funds lagged their benchmark by 273 basis points, ELSS funds by 318 bps and mid- and small-cap funds by 230 bps.
MFs plan to launch a slew of FMPs as bond yields increaseRediff.com8 Apr 2021
An additional factor spurring the FMP launches is MFs' desire to retain investors as many such offerings are set to mature over the next two months.
Franklin Templeton scotches rumours of exiting IndiaRediff.com3 Apr 2021
Any speculation suggesting otherwise, or any rumours around sale of our business in India are incorrect and simply that -- rumours, says head of the US-based asset manager.
Franklin unitholders to get Rs 1,200 cr in second trancheRediff.com1 Apr 2021
Sources said SBI Funds Management will distribute the proceeds to unitholders following liquidation of some securities held under the scheme.
Why are equity MFs continuously selling?Rediff.com1 Apr 2021
'Money that came into mutual funds near the previous peaks -- the second half of 2017 and 2018 -- has in most cases experienced unflattering returns.' 'A large proportion of redemptions could be such inflows exiting when the market recovered sharply from July 2020 onwards.'
Sebi eases valuation norms for AT-1 bondsRediff.com24 Mar 2021
The Securities and Exchange Board of India (Sebi) on Monday relaxed the norms for valuing perpetual bonds. The norms, which had sought to value banks' deemed residual maturity of Basel III additional tier 1 (AT1) bonds as 100-year debt from April 1, were strongly opposed by the finance ministry. In a statement released on Monday, the regulator said the maturity would be 10 years until March 31, 2022, and would be increased to 20 and 30 years over the subsequent six-month period.
Close-ended equity funds disappoint investorsRediff.com22 Mar 2021
Close-ended equity funds, launched with fanfare three years ago, have disappointed investors with their dull returns. The data from Value Research shows 10 out of 17 close-ended schemes maturing before July have seen one-year returns between 34 and 40 per cent. In comparison, the Sensex Total Return Index (TRI) has rallied 46 per cent over the past one year.
How bank portals reward online shoppersRediff.com18 Jan 2018
Do you save more money if you use bank portals for online shopping?
10-year ELSS to save tax: Should you buy?Rediff.com9 Jan 2018
The tax filing season is here, and mutual funds have launched tax-saving products.
5 money tips for would be VirushkasRediff.com28 Dec 2017
Don't let knotty financial issues weaken your marital bond. Heavy liabilities of one partner have the potential to sour a new relationship. So, develop a plan for how you will deal with these.
HDFC Housing Opportunities Fund: Should you invest?Rediff.com19 Dec 2017
Given its focus on the real estate sector, financial planners feel this scheme is not meant for first-time investors and any investor should only have 5 to 10 per cent exposure to this fund.
How to reduce your insurance premium by 30%Rediff.com14 Dec 2017
Staying healthy can reduce your next premium. Through wellness programmes, policyholders can get discounts ranging from 8 per cent to 30 per cent.
Cheers! EPFO subscribers will now get mutual fund unitsRediff.com7 Dec 2017
'A subscriber will know exactly how much of his money is in debt and how much in equity.'
Why you must not buy bundled home loan insuranceRediff.com23 Nov 2017
You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia
Time to swap your ULIPs for safer bets?Rediff.com8 Nov 2017
The good news is investors can make 5 to 6 switches during a year among funds depending on the insurance companies without incurring any costs.