Check the asset allocation of your diversified equity fund to see that you really have a lower-risk scheme.
Backed by upsurge in stock prices, diversified open-ended equity schemes of mutual funds posted an average 19 per cent return for the one year ended June 2003, according to Crisil's mutual fund ranking.\n\n\n\n
UTI Mutual Fund plans to foray into the pension sector once the government sets up Pension Fund Regulatory and Development Authority in October this year.
Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors.
Domestic mutual funds (MFs) and foreign portfolio investors (FPIs) have been net buyers of stocks in August. Domestic fund houses have continued to invest in stocks, propelled by the success of various new fund offers (NFOs) and strong flows into equity funds. MFs had purchased stocks worth more than Rs 8,300 crore until August 23, according to the data provided on the Securities and Exchange Board of India (Sebi) website. Jimmy Patel, MD and CEO at Quantum AMC, says: "The surge in equity investments by MFs is because of two key reasons. One, equity NFOs are getting a strong response from investors, and fund houses need to deploy that money in the markets.
Most equity schemes have more than doubled their NAVs in 8 years, even if they entered at the pre-Lehman crisis peak
Reserve Bank of India lens on mutual fund, insurance, gold coin sale by branch's non-sales staff
Many investors get out of their existing MF scheme to invest in new MF schemes as they are told they will get more units. But beware, this may not be good for you.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Investors should restrict themselves to a few category schemes with high quality portfolios apart from overnight and liquid funds.'
The country's leading fund manager UTI Mutual Fund is likely to enter the capital market with its public issue by the end of current fiscal and has already got the approval from its board for the IPO.
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.
In other debt-oriented funds, retail assets jumped from about Rs 45,000 crore to Rs 64,000 crore.
Tax Guru Anil Rego answers your personal income tax queries.
No fund houses could muster the courage to launch equity funds during the period and the sector lost a lot of its equity assets.
If you save regularly and you buy funds that fit your asset-allocation mix, you will do as well as, or better than, most professionals in the financial world.
Allaying investors' fears, Franklin Templeton AMC has said Sebi's order prohibiting the company from launching new debt funds will have no bearing on existing schemes managed by it. Sebi on Monday barred Franklin Templeton Asset Management (India) from launching any new debt scheme for two years and imposed a penalty of Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees of over Rs 512 crore (including interest) collected with respect to the six debt schemes. This amount will be used to repay unitholders, as per Sebi order.
When it comes to successful investing it is the journey that is more enjoyable than the final destination.
According to a notification on Saturday, the "services rendered by a mutual fund agent or distributor to mutual fund or asset management company for distribution or marketing of mutual fund" form part of 34 items exempt from service tax.
If one compares returns, the two public-sector ETFs have done better over the past year, but the ELSS category has done better over the trailing three and five years.
'The markets haven't corrected, that doesn't mean that they will only go up and up.'
The MRSAM is amongst the most lethal surface-to-air missiles in service anywhere.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Every investor must have a clear game-plan and set financial goals based on certain pre-defined objectives with specified time frames.
Two factors play a predominant role in fetching good returns -- stock selection and allocation, suggests Sanjay Kumar Singh.
The move to allow payments through digital wallets could give a fillip to distribution and reach for these investment vehicles, say experts.
Given its focus on the real estate sector, financial planners feel this scheme is not meant for first-time investors and any investor should only have 5 to 10 per cent exposure to this fund.
Learn how not to make losses by learning your money lesson from mutual fund portfolio of an investor.
INS Vishakapatnam's ground attack and anti-ship capabilities are achieved through a bank of BrahMos cruise missiles that can be fired at targets up to 295 km away.
More may follow as market indices gain 80 per cent
Here we take a look at what dividend is, why mutual fund dividend is not a true dividend and why investing just for the sake of dividend can make you poorer.
Sebi on Friday imposed a penalty of Rs 50 lakh on Kotak Mahindra Asset Management Company (AMC) and barred the fund house from launching new fixed maturity plan (FMP) scheme for six months for violating regulatory norms. The markets regulator has directed the fund house to refund a part of the investment management and advisory fees collected from the unitholders of the six FMP schemes along with a simple interest at the rate of 15 per cent per annum. The case relates to the fund house's investment in certain FMPs. These FMPs of Kotak AMC had invested in Zero Coupon Non-Convertible Debentures (ZCNCDs) issued by Essel Group entities.
UTI, HDFC, Reliance MF and SBI MF already source 17-25% of funds from small towns.
'We would advise investors to hold on to multi-cap funds and not invest further until further clarity emerges.'
Experts say a combination of improving asset quality and NBFCs' weak balance-sheets bodes well for both corporate and retail banks.
Can humans and leopards co-exist in Mumbai? The answer is not what you think!
