Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
5 steps to find out which mutual fund company you should trust your money with.
When mutual funds merge schemes, there is a tax implication on the investor. Some calculations on how this works.
Infrastructure funds, which bet on stocks closely linked with infrastructure development in the country, have emerged as one of the best-performing categories over the past year. They have generated an average return of 90.63 per cent - the third-best, after technology funds and small-cap funds. Of the 21 schemes in the category, seven have given a return of more than 100 per cent in a year.
The Securities and Exchange Board of India (Sebi) is looking at reducing the fees of all mutual fund schemes - equity funds (open- and close-ended), debt funds, index funds and even funds of funds (or FoFs, mutual funds that invest in mutual funds).
The Allianz Group, the German financial services powerhouse, is planning to foray into the booming asset management business in India.
Cash-rich IT giant Infosys slashed its exposure to liquid mutual funds by a whopping Rs 5,600 crore (over $1 billion) during the first quarter of 2013, as yields on such investments are expected to flatten.
Aviva India is reviewing its India plans and proposes to enter the asset management and general insurance sectors.
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).
Regardless of stock market levels, we urge investors to focus on their investment objectives, rather than concentrating on stock market ups and downs.
FM hiked the limit for investors to invest in RGESS to Rs 12 lakh from Rs 10 lakh.
Our advice for investors give the fund a miss for now; evaluate the fund's performance over the 3-Yr period and based on the same, consider making an investment in the fund, when in turns open-ended. Our rationale is fairly simple.
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.
Follow these to see how you make more money out of your investments
The Association of Mutual Funds in India and CDSL Ventures are working on a finance ministry proposal to make use of the permanent account number
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Sebi on Monday asked mutual funds to give investors an exit option when they change the mode of computation of total expenses charged from unit holders, as mandated by new guidelines issued by the market regulator.
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).
'I don't see any major setback for the Indian markets post the US Fed event.'
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.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In an hour-long chat on rediff.com on Friday, financial expert K V S Manian replied to many Budget-related investment queries.
Sources said many individual investors were interested in applying for the NFO, due to additional benefits being offered such as upfront discounts and loyalty bonuses.
Leading artists on Thursday welcomed the conferment of Qatar nationality on M F Husain, who has been living in self-imposed exile abroad for nearly four years following a spate of legal cases in the country over his controversial paintings of Hindu goddesses. "That's a great honour for him," painter Anjoli Ila Menon said, describing 95-year-old Husain as a "true Karma Yogi".
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.
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
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 Sensex and Nifty have gained 12.78 per cent and 14.16 per cent respectively since the beginning of 2012, the surge has been higher for a total of 38 equity funds of various fund houses, led by Reliance Mutual Fund.
Choose the right scheme and occasional shifting will ensure safety with returns.
Experts say that despite the sizeable client base, PMS providers lag their domestic MF counterparts by quite a distance, when it comes to reporting and disclosure standards.
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.
Asset management companies have been told not to deal with non-compliant intermediaries. They are to report such cases to the Association of Mutual Funds in India (Amfi) and Sebi.
Birla Mutual Fund on Friday launched its new equity fund offer - 'Birla India GenNext Fund', which will invest in equities of firms that are expected to benefit from consumption habits of young people in the country.
Those who do their homework and conduct due diligence before putting in their money could stand to gain significantly.
The country's biggest mutual fund, UTI Mutual Fund, on Monday announced the launch of its new scheme 'UTI-Dividend Yield Fund', which will invest in 60-70 high dividend yield stocks.
If you are in a dilemma about how to select the right fund, then read on to get help on the selection criteria.
