Investors continue to back-up equity mutual funds in June as such schemes attracted a net inflow of Rs 15,498 crore on strong flows from systematic investment plans despite volatility in the stock market and relentless selling by Foreign Portfolio Investors (FPIs). This also marked the 16th straight month of positive inflow in equity schemes. Inflows into equity mutual funds in June was lower compared to the net inflow of Rs 18,529 crore seen in May, data from the Association of Mutual Funds in India (AMFI) showed on Friday.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual fund queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Investors should keep updating their personal and bank details with fund houses. They should also opt for the auto-pay facility so that the dividend proceeds get credited into their account directly, advises Bindisha Sarang.
If the nominations are not in place, the heirs need to go through a lengthy process to get access to the money cautions Bindisha Sarang.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The bi-annual financial stability report noted that failure of an NBFC with the maximum capacity to cause solvency losses to the banking system will lead to a loss of 2.5 per cent of the total tier-I capital of the banking system.
The Army has cancelled an examination for pan-India recruitment of general duty personnel after paper was found to have been leaked, officials said on Sunday.
And there have been months when flows have exceeded $3 billion.
Franklin Templeton Mutual Fund, which has closed six debt schemes, has said the winding-up process will be delayed in the absence of authorisation from investors and further steps will be possible only after seeking fresh approval from them. It further said that investors who do not have an e-mail ID or mobile number registered with the fund house will not be able to participate in the voting process. The date on which the voting would start has not been disclosed yet.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The company has set an affordable ceiling price of USD 3 (around Rs 225) per dose, it added.
In essence, follow the private-equity approach to personal investing and treat each investment decision as if it is a matter of life-or-death, because it is, suggests Avinash Luthria.
The latest round of funding values the company at $10.7 billion, almost doubling it from the $5.5 billion valuation during the $1.25 billion fund raise in July 2021 when investors including SoftBank, Prosus and Accel pumped in capital in what was the company's biggest funding since its inception. The other new investors in the latest round of funding include Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, Sixteenth Street Capital, Ghisallo, Smile Group and Segantii Capital, Swiggy said in a statement.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sebi pointed out instances of misleading the investors by reporting incorrect data on investor complaints, instances of inappropriate utilisation of funds meant for investor education, such as spending on programmes meant for financial advisors, charging of expenses to the said funds for stationery items such as notebooks, planners and calendars, and charging of expenses without adequate records.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
On Wednesday, Tushar Gandhi, the son of Arun Gandhi, whose father Mani Lal was the Mahatma's third son, said in the PIL he has challenged the government's Rs 1,200-crore Gandhi Ashram Memorial and Precinct Development Project because it goes against the wishes and philosophy of the Father of the Nation.
The novel approach was cleared by Standing Committee of the AMC recently.
Six firms have qualified for managing EPFO funds.
'Super-spreaders' are the infectious disease carriers who could transmit the pathogen to a large number of people.
However, unlike in other parts of the world, the mystery around the object did not last long as it was disclosed that a private company has installed it.
According to the Ahmedabad Municipal Corporation, citizens from priority groups in the city who have not yet registered themselves with health workers carrying out house- to-house survey or at urban health centres (UHCs) can get themselves registered on www.ahmedabadcity.gov.in.
Retail inflation inched up to 4.48 per cent in October due to an uptick in food prices, government data showed on Friday. The Consumer Price Index (CPI) based inflation was at 4.35 per cent in September and 7.61 per cent in October 2020.
HDFC and HDFC Bank's merger - touted as India's biggest-ever corporate merger - pumped up shares of the two entities on the bourses. Shares of Housing Finance Development Corporation (HDFC) skyrocketed 9 per cent while those of HDFC Bank zoomed 10 per cent. In comparison, the benchmark S&P BSESensex and the Nifty50 indices settled 2.2 per cent higher on Monday.
Equity mutual funds attracted an all-time high net inflow of Rs 28,463 crore in March, on continued interest by retail and HNI investors, who used market correction as a good buying opportunity.
Domestic asset management companies (AMC) have launched around 60 new fund offers (NFOs) in the last six months and mobilised around Rs 27,000 crore. Fund houses are rushing to launch new funds amid buoyancy in the equities market.
Atul Choksey, the former co-promoter of Asian Paints, has exited from Standard Chartered Mutual Fund.
Overseas education consultant NNS Chandra shares advice on entrance examinations, admission procedures at international universities.
A formal sector worker can contribute towards pension scheme till the age of 58.
Continuing efforts to boost the capital market, Sebi on Wednesday decided to tweak the 25 per cent minimum public shareholding requirement for companies undergoing insolvency process, segregate assets as well as liabilities of mutual funds, and ease norms governing promoter participation in follow-on public offers. For the mutual fund segment, the watchdog also relaxed the profitability criteria and mandated minimum Rs 100 crore net worth requirement for entities to become sponsors of mutual funds. The board of Sebi, at its meeting on Wednesday, also cleared amendment regulations pertaining to market intermediaries to avoid duplication of proceedings before the designated authority and the designated member.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
This recognition is a testimony of India's strong belief in promoting entrepreneurship
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
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Declining prices of food items like vegetables pulled down retail inflation to 5.59 per cent in July, bringing it back within the RBI's comfort zone after two months, official data showed on Thursday. The retail inflation based on the Consumer Price Index (CPI) had remained above 6 per cent during May and June. The government has mandated the RBI to maintain retail inflation at 4 per cent, with a margin of 2 per cent on either side. The CPI based inflation stood at 6.26 per cent in June 2021 and 6.73 per cent in July 2020.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
One of the biggest advantages of index funds and ETFs is their low cost, points out Sarbajeet K Sen.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
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