Amid lowering of bank deposit rates and falling yields from traditional investment vehicles like gold and real estate, investors are fast shifting to financial assets. The MF sector is emerging a clear beneficiary of this trend.
Unique employee code for those selling these products, to be given in customer sale form, to enable identification on complaints.
Running a SIP plan for more than six years almost completely eliminates the chances of earning negative returns.
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.
Majority of equity linked savings schemes as well as mid and small-cap funds outperformed their respective benchmark indices over a five-year period ended December 2015.
Experts attributed the inflows to sudden rally in gold prices, mainly due to uneasy trade negotiations between the US and China and lower than expected global GDP growth.
After the rationalisation and categorisation of mutual fund schemes undertaken by the Sebi in October 2017, overnight funds have emerged as a distinct category.
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
These transactions have come for shareholders approval because of requirements under the new companies law and amended listing agreements.
Sinha will take over on February 17 next year when incumbent C B Bhave's term ends
Rebalance the portfolio at least once a year to ensure it remains in sync with the target asset allocation.
BSE's, NSE's overnight liquid fund facility can help stock investors maximise returns
Indian retail investors continue to sell gold ETFs.
If the FM can levy education cess to meet the cost of education, then why not defense cess for defense cost, health cess, food cess, and so on. What are the tax collections meant for, asks Kanu H Doshi, partner of Kanu Doshi Associates, chartered accountants, Mumbai.
Penalties for non-disclosure or inaccurate disclosure of these details can be severe.
There are millions of Indian women who avoid the responsibility of managing their finances due to a variety of reasons, including cultural and social conditioning.
Half a dozen stocks from the large-cap universe and over two dozen from the mid-cap universe have been replaced.
The Specified Undertaker of Unit Trust of India (SUUTI) is ready to pay the Rs 8,000 crore due to the 1.2 million investors in Unit Scheme 1964 (US-64), many of whom have been associated with India's oldest mutual fund scheme for 44 years.
If your fund's expense ratio has risen dramatically after Sebi's recent changes, compare it with the category average before switching.
Gold exchange traded funds (ETFs) witnessed a net outflow of Rs 248 crore in February, making it the second consecutive month of withdrawals as investors preferred equities over other segments on record SIP flows. Net outflows from the gold ETFs were at Rs 452 crore in the month of January. Prior to that, the asset class had seen a net investment of Rs 313 crore, according to the data of Association of Mutual Funds in India (Amfi). Despite the outflows, the category witnessed an increase in net assets under management (AUM) of gold ETFs to Rs 18,727 crore at the end of February from Rs 17,839 crore in January-end.
India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.
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.
'There is pent-up demand for cricket after last year when no tournaments were played on Indian soil due to the pandemic.'
SEBI said it has cancelled the portfolio management licence held by Sahara Asset Management Company Pvt Ltd
In September, net equity inflows stood at Rs 6,609 crore, compared to Rs 9,152 crore in the previous month. In the last four months, this is the lowest net inflow tally seen by the equity category.
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
Total assets under management (AUM) for September stood at Rs 20.4 lakh crore compared with Rs 20.6 lakh crore at the end of August.
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
Real estate firms like DLF, Prestige, Phoenix Mills to benefit.
Automotive (auto) major Mahindra & Mahindra (M&M), which is readying to launch nine sport utility vehicles (internal combustion engine/ICE), seven Born Electric Vehicles (BEVs), and seven light commercial vehicles by 2030, has outlined an investment of Rs 27,000 crore in its auto business between 2024-25 (FY25) and 2026-27 (FY27). Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm business (Rs 5,000 crore), and service business (Rs 5,000 crore).
The governor made it clear that the RBI is aware of what's happening and acts accordingly, but doesn't make a noise about that, points out Tamal Bandyopadhyay.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
R H Patil was on Thursday appointed chairman of UTI Asset Management Company, the country's largest mutual fund.\n\n
The Supreme Court came down heavily on cash-rich BCCI on Tuesday, saying the cricket body was running like a "mutually beneficial society" and "practically corrupting" its members by not seeking any explanation on how crores of rupees allotted to them were being spent. While scrutinising the fund allocation and expenses of the Board of Control for Cricket in India (BCCI), the apex court also pulled it up for not giving funds to neglected states for promotion of cricket and said it has done nothing to encourage the game. It was also critical of the discrimination meted out to different states by BCCI and said the states begged for money from the board which follows a "no questions asked" policy as a method to buy votes in a certain manner. Lauding the work done by Justice R M Lodha-led committee for bringing out massive structural change in functioning of BCCI, the bench said "this is not an ordinary panel. It is a committee on which we have complete faith. It is committee of judges and its findings have to be relied upon. We cannot say that the findings are perverse."
Modi attended the 20th ASEAN-India Summit in Jakarta. Secretary-General of ASEAN Dr Kao Kim Hourn also attended the summit.
The inflows meant assets under management of gold ETFs climbed by over 4 per cent to Rs 13,503 crore at the end of August from Rs 12,941 crore at July-end.
SIPs keep MFs afloat as investors redeem Rs 1.3 lakh crore in one year
Agents often influence customers into buying new products every year instead of continuing with their existing policies
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
In India, younger workers willing to work at lower salaries are easily available, so you could find yourself out of a job before 60. Therefore, save for retirement with urgency, advises Sanjay Kumar Singh.