Investors who cannot manage an asset-allocated portfolio or rebalance regularly, or do not have an advisor, may opt for these funds, but only after a detailed study of their strategy, suggests Sanjay Kumar Singh.
Here are some tips for salaried class to reduce their tax burden as the financial year is nearing its close come March 31.
Sebi has scrapped the fee for initial issue of close-ended MF schemes.
Funds like fixed maturity plans, which are close ended debt funds can give some indication of the returns they will generate. this too will not be assured. if you are looking for assured returns, then post office may be the place or an FD at a credible company, says Rahul Goel.
Concerned over the increasing flow of banking funds into the stock markets, the Reserve Bank on Friday tightened the credit facility for Mutual Funds and asked banks not to guarantee payments to stock exchanges on behalf of Foreign Institutional Investors.
Short-term gains from shares are taxable
The Securities and Exchange Commission will issue rules next month to curb trading abuses in the mutual fund industry that favour large institutional investors over individual shareholders, SEC Chairman William H Donaldson has said.
Continued volatility in Indian stock markets over the US subprime mortgage crisis all through August has led to a fall in assets of mutual funds in the country by over Rs 185 billion during the month.
Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms
The Indian mutual fund industry's assets under management race from Rs 3 trillion to Rs 4 trillion has come in just nine months.
The big boys of the Indian mutual fund space are getting even bigger with five top players alone accumulating assets worth over US$ 52 billion (over Rs 2,10,500 crore) in the industry, whose combined wealth has soared past the US$ 100 billion mark.
Top losers in the Sensex pack included Yes Bank, IndusInd Bank, Tata Motors, RIL, ONGC, Bajaj Auto, Vedanta, Tata Steel, TCS, HDFC Bank and ICICI Bank, which fell up to 3.29 per cent.
The Securities and Exchange Board of India is expected to shortly release a circular asking mutual fund houses not to park more than 15 per cent of their corpus as bank deposits at any point of time.
These stocks are overvalued and, therefore, one should not adopt a buy and hold strategy.
Investment are made in Fixed Maturity Plans and other debt schemes.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
MIN will be provided absolutely FREE OF COST to the investors.
Foreign and domestic fund houses, whose selling activity had triggered a sharp slide in the market earlier this year, are once again upbeat about the Indian stock market with their total investment crossing $10 billion so far in 2006.\n\n
High net worth individuals (HNIs) are considered more investment-savvy than retail investors.
In other debt-oriented funds, retail assets jumped from about Rs 45,000 crore to Rs 64,000 crore.
With market regulator SEBI having no objection, leading mutual funds including UTI AMC are now awaiting Reserve Bank's nod to invest in the equity of Fortune-500 companies.
Financial planning expert Irfan Rupani shares some valuable tips.
At gross level, MFs mobilised Rs 43.67 lakh crore (Rs 43.67 trillion) in August.
Despite uncertain times and market volatility ahead, investors should continue with their disciplined investing via SIPs.
Mutual Funds continued to be net buyers to the tune of Rs 3,179 crore (Rs 31.79 billion) in the secondary market compared to a net buyer position of Rs 64 crore (Rs 640 million) in May, a study by fund evaluation and risk solutions provider Crisil FundServices stated. Fund houses have made net equity purchases close to Rs 7,614 crore (Rs 76.14 billion) till June end this year.
The strong inflow in MF schemes coincided with a gain in BSE's benchmark Sensex by two per cent last month.
Funds made investments worth Rs 64,602 crore (Rs 646.02 billion) in the debt market during June, higher than Rs 26,840 crore (Rs 268.4 billion) in May, as per the latest data available with market regulator Sebi.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Senior officials in the MF industry say while the finance ministry and regulators communicate regularly, this is one of the very few instances in many years where an issue between the two has come out into the open.
Customers need to weigh whether they will be better off selling their mutual fund holdings or taking a loan against it.
The mutual fund industry is certain that the Sensex, which plunged to below 16,000-level on Friday, has hit rock bottom and there is only one way the market would move from here, which is upward. The move to provide more disposable income in the hands of individuals is also good for the markets. The Asset Management Companies are of the opinion that the India growth story is definitely on as far as the medium-to-long-term future is concerned.
The combined assets under management of the 32 fund houses in the country fell to Rs 5,49,114.82 crore (Rs 5,491.14 billion) in January, against Rs 5,49,942.02 crore (Rs 5,499.42 billion) at the end of December, 2007, latest data available on the website of Association of Mutual Funds in India show.
ETFs may be an option if you are considering only large-cap funds, experts tell Tinesh Bhasin.
The asset size of Indian mutual funds have grown by about 200 per cent from Rs 47,000 crore (Rs 470 billion) in March 1993 to Rs 1,40,000 crore (Rs 1,400 billion) in December 2003.
