A Sebi concept paper put out today for feedback from the public said investors buying mutual fund products need not pay entry load for applications filed online or through collection centres of asset management companies.
Invest in an NFO to meet your needs, and not because it sounds cheap.
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
The Securities and Exchange Board of India (Sebi) on Thursday said it would soon put the fixed maturity plans (FMPs) and close-ended income schemes of mutual fund houses on the fast-track route.
Innovation is the name of the game for mutual fund marketeers. But your financial need is what should matter.
Mutual funds provide the right opportunity to the millions of investors
Mutual fund schemes that boast of a mid-cap flavour can be a bit risky but they cannot be ignored either because of their wealth-creation abilities.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
In fact, the current market scenario provides more value investment opportunities. So, it is positive for mutual funds.
Move over equity markets, mutual funds and bonds. Investors across India are these days picking up and trading in the latest investment avenue in town: the Gold Exchange Traded Funds.
When mutual funds merge schemes, there is a tax implication on the investor. Some calculations on how this works.
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
The asset manager is yet to resolve the impasse surrounding the payment of pension to its erstwhile employees who had opted for voluntary retirement in 2003.
The Securities and Exchange Board of India, in September 2012, had allowed fund houses to accept up to Rs 20,000 in cash per investor, per mutual fund in a financial year.
...instead invest in diversified equity funds
The domestic mutual funds such as Reliance Mutual Fund and Tata Asset Management Company are in advanced talks with global fund houses and investment advisors, in an attempt to offer global investment products to their Indian investors.
Debt-ridden Reliance Capital ready to cede control in home finance - Blackstone, Carlyle, Brookfield, and Piramal group are in talks to buy a large stake in Reliance Home Finance.
The new entrants into the Indian mutual fund industry are making big strides through a plethora of new fund offerings and fixed income schemes as they grow their assets under management at a fast pace. Fund house Lotus Asset Management Company, which was launched just a year ago, has seen its assets grow from Rs 6,385.86 crore (Rs 63.85 billion) to Rs 8,142.93 crore (Rs 81.42 billion) in October, a steep rise of 27.5 per cent.
UTI Bank, the country's third largest private lender, on Monday said the board of directors have approved a proposal to change its name to Axis Bank.
Mutual fund houses are all set to expand the Know Your Client norm umbrella by introducing newer requirements like asking their high net worth investors to provide details of their big investments made in the past.
The information provided by AMCs in these fact sheets is often inadequate and/or incoherent.
Regular disciplined savings - the biggest plus of a systematic investment plan.
Atul Choksey, the former co-promoter of Asian Paints, has exited from Standard Chartered Mutual Fund.
Housing Development Finance Corporation on Wednesday announced its foray into the real estate fund business by launching 'HDFC Property Fund' in association with the State Bank of India.
Reliance Mutual Fund has collected Rs 1,773.5 crore through the Initial Public Offering for its Equity Opportunities Fund.
Get your basics right with these terms explained.
Increase in surcharge will adversely impact fund managers planning to shift to India. As a matter of fact several fund professionals based in India could also relocate to other jurisdictions, resulting in a brain drain.
The Sensex, which saw a sharp fall of nearly 800 points on the first two days of the week, rebounded with a 180-point gain on Wednesday, while the index continued its northward run the next day too, surging by 300 points.
It hurts to see retail investors become unwitting preys to games being played by AMCs (asset management companies) and mutual fund distributors.
Aiming to invest in a diversified portfolio of select works by leading Indian artists, asset management company Crayon Capital launched an art fund worth Rs 40 crore (Rs 400 million) on Wednesday.
Funds like Taurus Starshare capitalise on market conditions by holding concentrated portfolios and taking on higher risk, but this only reveal a part of the true picture.
Mutual funds are set to bag a huge chunk of the nearly Rs 3,05,000 crore cash reserves of the public sector companies.
Our advice to investors remains the same - ignore serial NFOs on the equity side and instead focus on the well-established funds with a proven track record over the long term.
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