The competitive intensity in the mutual fund (MF) industry is moving beyond scheme performance, cost structures, and distribution. In recent months, several fund houses have rationalised exit loads applicable on redemptions.
New York-headquartered hedge fund BlackRock Inc has acquired the 40 per cent stake held by Merrill Lynch in mutual fund DSP Merrill Lynch Fund Managers, in a move that signals the world's fifth largest asset manager's entry into the booming Indian market.
The fund house says it is doing this to protect the interests of existing investors.
We have a great team and they are quality people with decades of experience. Everyone would like to retain them, says Hemendra Kothari, Chairman, DSP Merrill Lynch.
The Indian market is a bull market and the current weakening is merely a correction, says Apoorva Shah, executive vice president & fund manager (equity), DSP BlackRock Mutual Fund.
Anup Maheshwari, executive vice-president and head of equities & corporate strategy, DSP BlackRock, says the long-term attractiveness of investing in India remains intact.
Fund houses bet on growth, divestment and deregulation.
An analysis of how DSP BlackRock Micro Cap fund has performed in the last five years
Gold funds have returned -5.2 per cent, while the Sensex is down 7 per cent in the past year.
Exodus of top managers an unintended side effect of roaring MF industry
They help diversify portfolio and are less risky.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
As Prime Minister Narendra Modi visits US, fund managers from India and abroad expect improving sentiments and impressive returns from Indian markets to help attract billions of dollars flowing into the country's asset management industry.
LIC is one of the largest Indian shareholders in the country's largest car maker, with a 6.93% stake.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Worst performers among category funds, but beat sectoral indices
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
Women have been leaving the investment decision to husbands.
There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu.
The mutual fund industry also witnessed record sales.
Money flowing into the equity schemes of mutual funds is back at a level last seen before the 2008 financial crisis, when the stock market tanked 60 per cent.
With the Sensex again nearing 28,000 points, investors can make good returns with a one-two year horizon.
The woman who had accused environmentalist R K Pachauri of sexual harassment, on Tuesday tore into TERI, saying the "shameful" decision of appointing him as executive vice-chairman of the green body made her "flesh crawl", and resolved to take the case to a logical conclusion.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
HDFC Equity, the largest equity fund, also managed by Prashant Jain, with a corpus of Rs 10,445 crore, has 9.4 per cent of its assets in SBI.
With stock prices at elevated levels, investors must cut valuation risks in their portfolio
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
To be fair, one year is too short a period to judge the schemes' performance.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
These schemes are expected to perform in the next 2-3 years.
While FMPs no longer offer the same short-term advantage, it is still a good product for the medium term.
They are making switch to the high-growth alternative investments fund industry, reports Pavan Burugula.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
The pension fund managers distribute products under the National Pension System.
When selecting investments, pay attention to potential return, risk and how easily you can exit it.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Despite recent setback, these remain the most appropriate tool for international diversification
When selecting a liquid fund, stick to schemes with an AUM of above Rs 1,000 crore.