Investing in mutual funds is all about following the basics, keeping it simple and persisting with your investments.
The scheme has a maturity of three years when it will automatically be converted into an open-ended scheme, a release said in Mumbai on Monday.
The RBI's financial stability report has on Wednesday highlighted the disconnect between the real economy and equity market yet again. The central bank observed that Indian equities were trading at rich valuations, with several metrics such as price to earnings multiples, price to book ratio, market cap to GDP and the cyclically adjusted P/E ratio, or Shiller P/E, at above historical averages. For instance, as on December 13, the one-year forward P/E ratio for India was 35.1 per cent, above its 10-year average, and one of the highest in the world.
While both are risky propositions, Franklin does take a higher risk and is more aggressive. But the aggression has paid off and the fund has delivered handsomely. If you are looking for a racy fund, this one fits the bill.
The country's mutual fund industry posted five per cent growth in average assets under management (AUM) to touch all-time high of Rs 8.68 lakh crore in May on the back of strong inflows into money market and income funds.
New fund offers collection in the current calendar year was the highest in a decade, with 13 of the 70 equity schemes cornering 75 per cent of the amount raised.
While certifying fund managers may seem pertinent, we believe there is still unfinished business with regard to certification of mutual fund distributors.
The new fund, which is different from gold exchange traded funds that require subscribers to have a demat account, will also offer investors the option to invest as little as Rs 100 per month, the company said in Mumbai.
HDFC MF witnessed 17% rise in investment in its schemes to Rs 6,462 crore by group companies during May.
Fund managers's compensation is largely tied to the assets they manage and scheme performance.
The New-York based Goldman Sachs, one of the world's oldest and largest investment banking firms, plans to enter the buoyant mutual fund business in India.
Nine lenders have exposure to the promoter entities and had taken listed operating companies' shares as collateral from the promoter companies.
Polarisation and the increase in index weight of a few a stocks have weighed on performance. The worst performers include Nippon India Large Cap and HDFC Top 100 (2.6 per cent).
The sector needs to move away from such concepts.
Franklin Templeton Asset Management (India) on Tuesday said it strongly disagrees with the findings in Sebi's order in the case of winding of six debt schemes in 2020 and has decided to challenge the direction in Securities Appellate Tribunal (SAT).
Don't understand the basic difference between dividend payout, dividend re-investment, growth or bonus options? This will help to make an informed decision while investing.
if one looks at the valuations of some of the high quality midcaps they have come down to corresponding Index level
Some of the public banks showed improvement; much more still needs to be done
Sebi has taken note of mis-selling in the financial sector and is planning to regulate the distributors, the only unregulated part of the MF industry.
Nadira Babbar is now directing a play on the life of celebrated artist M F Hussain.
Protecting India's sovereignty and integrity will be ensured at any cost, Air Chief Marshal Vivek Ram Chaudhari said on Thursday after taking charge as the chief of the Indian Air Force.
Country's largest mutual fund UTI AMC on Friday became a private company with the four sponsors paying Rs 1,236.95 crore (Rs 12.369 billion) to the government.
Leading brokerages and mutual fund houses are busy churning their portfolios, with the markets coming back to life. But they are also seeing churning at the top.
The Delhi high court on Tuesday asked the Centre to reply on a PIL over striking down the Government of National Capital Territory of Delhi (GNCTD) Amendment Act which increases the powers of the lieutenant governor.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Many are now hoping the markets remain in good stead as they look to finalise the dates for IPOs, such as UTI MF, Computer Age Management Services, Happiest Mind, and Angel Broking. Most of the issues are expected to come to the market in the second half of September.
The first private sector MF, Kothari Pioneer was registered in July 1993.
'They have helped stabilise our market by acting as a counterbalance to foreign funds.'
Market regulator Sebi has issued show-cause notice to mutual fund companies of Anil Ambani Group.
Our advice: exercise caution and don't get carried away by the exuberance in the markets. \n\n\n\n
The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month
ING Vysya Mutual Fund on Tuesday said it has plans to acquire other funds as part of efforts to take its assets to Rs 3,000 crore (Rs 30 billion) this year, six times higher than that in the previous fiscal.
In most cases, mutual fund rankings leave the investor muddled.
When it comes to the average assets under management among the top five mutual funds, there has been a shuffle in positions. While Reliance Mutual Fund has been able to maintain the number one position at Rs 700 billion, ICICI Prudential has been pushed to number four from second spot by HDFC Mutual Fund. ICICI Prudential was above HDFC by Rs 73 billion in January-end 2008. But at the end of December, HDFC's assets were up by Rs 48.79 billion over that of ICICI Prudential.
UTI MF will also launch six more schemes as part of its growth plans.
Fund houses have conducted investor camps and awareness programmes in more than 400 cities. Also, the popular 'Mutual fund sahi hai' campaign has helped bring in a lot of new investors into the MF fold from underpenetrated regions.
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