Chirag Madia

All stories by Chirag Madia

After 9 months, Equity mutual fund flows turn positive

After 9 months, Equity mutual fund flows turn positive

Rediff.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 AUM

MFs struggle to crack B30 code, shares remain in 15-17% range of AUM

Rediff.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 returns

Large-cap equity schemes lagged benchmark returns

Rediff.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 increase

MFs plan to launch a slew of FMPs as bond yields increase

Rediff.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 India

Franklin Templeton scotches rumours of exiting India

Rediff.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 tranche

Franklin unitholders to get Rs 1,200 cr in second tranche

Rediff.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?

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 bonds

Sebi eases valuation norms for AT-1 bonds

Rediff.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 investors

Close-ended equity funds disappoint investors

Rediff.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 shoppers

How bank portals reward online shoppers

Rediff.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?

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 Virushkas

5 money tips for would be Virushkas

Rediff.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?

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%

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 units

Cheers! EPFO subscribers will now get mutual fund units

Rediff.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 insurance

Why you must not buy bundled home loan insurance

Rediff.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?

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.