Funds collected by the mutual fund will be invested in gold and hence the net asset value of the ETF will be largely dependent upon price of gold minus the administrative costs of the AMC and the mutual fund.
Fund houses' tie-ups with the postal department for marketing their schemes through post offices are yet to take off in a bigger way.
Get your basics right with these terms explained.
The US retailer hopes to triple its sourcing from India by 2010 and touch the $1 billion mark. The retailer has been running a sourcing operation, Target Sourcing Services/AMC, in India since 1975.
This feat was achieved 25 years after the mutual funds industry was opened to private players. The industry now aims to achieve the next Rs 25 trillion in 5 years.
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.
The requirement of PAN for every purchase will add to the confusion for investors. Here's why.
2006-07 saw mixed returns for mutual funds. Compared with the previous financial year, the returns have declined, mainly due to a fall in the stock prices. The net asset value of most equity funds fell nearly 10 per cent since January 2007.
It is a close-ended plan for a period of three years from the date of allotment of units, and will be converted into an open-ended one at the end of this tenure
Retail investors have matured and have moved away from investing in only in-vogue products, says the managing director and chief executive officer of ICICI Prudential AMC.
Property giant Dalian Wanda Group Co said on Wednesday it would buy a stake in Spanish soccer champions Atletico Madrid for 45 million euros ($52 million), becoming the first Chinese company to invest in a premier European football club.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Even optimists suggest a tempering of expectations and there may still be room for a fall.
When it comes to making investments in mutual funds, it all boils down to which fund to invest in.
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.
Jayesh Gandhi, Fund Manager, Birla Mutual Fund says that they have exposure to Allahabad Bank, IOB, PNB and Union Bank.
Should you invest in mutual fund IPOs? Check this out.
The victory is seen as a huge boost to Chief Minster Narendra Modi, who has been plagued by dissidence within the state unit.
It was because of strong inflows into debt-oriented schemes that saved 2019 from being a "dark-dull year of investing" as inflows into equity funds has dropped this year due to a volatile market.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
'These are challenging times and we get energised by that.' 'I don't feel that 'I am tired now and I should relax', because even if someone calls us at 12 o'clock I have to answer his call.'
While investing in mutual funds, it is essential that you focus on the turnover rate percentage of a mutual fund, which is bought and sold every year.
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
The fall came on the back of a massive selloff in NBFCs, led by DHFL which skidded over 50 per cent on fears of a liquidity crisis.
Apprehending a sharp decline in business, mutual funds including UTI AMC have asked Finance Minister P Chidambaram to exempt all debt instruments from the proposed 0.15 per cent transaction tax.
The government is not in favour of selling UTI Mutual Fund to a private player and has insisted that one of the existing sponsors buy it by this fiscal.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
At the start of 2016, HDFC Bank, Infosys, ICICI Bank, L&T and Axis Bank were the top five picks of fund managers
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