The payouts were 22 per cent lower than the previous year's tally of Rs 7,938 crore.
Exchange to launch mutual fund trading platform; BSE set to follow.
Here's a study to find out how schemes from the diversified equity funds category performed on a year-to-date basis and to determine who the top gainers and losers are.
In an hour-long chat on rediff.com on Wednesday, stock market and investment expert Vinay Mahajan offered some valuable investment tips.
The BSE Sensex lost about 1,600 points, while the National Stock Exchange Nifty was down about 400 points.
Small-cap stocks raked in big gains in fiscal 2021-22 by giving up to 36.64 per cent returns, outshining the bigger benchmark gauge and experts believe that they may continue to outperform in FY23. Markets faced many headwinds in the latter part of the last fiscal with the emergence of geopolitical tension, inflation concerns and FII selling. Analysts said that the first half of the last fiscal was very good, while the market entered into consolidation in the second half, combined with high volatility.
Most investors are obsessed with performance. They rarely venture beyond the numbers.
The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month
Pension plans by mutual funds have a three-year lock-in like ELSS.
Most mutual fund players and life insurance companies are planning to bid for appointment as pension fund managers for all citizens after the Pension Fund Regulatory and Development Authority (PFRDA) today decided to seek expression of interest from prospective fund managers.
The mutual fund industry also witnessed record sales.
They own 27.5% in top 75 listed firms; investments bounce back after falling two straight quarters
Mutual fund investors in equity schemes are not yet rushing to redeem their units but inflows have dried up substantially, said mutual fund distributors.
Faced with a tight monetary situation, the Reserve Bank of India (RBI) has sought data from the mutual funds on their debt investments. These include investments in certificate of deposits (CDs), pass-through certificates (PTCs) and commercial papers (CPs).
Do you want to know if your investment in a house, mutual fund, insurance or real estate taxable? How is tax calculated on your ESOPs?
Sebi's stewardship code for mutual funds and alternative investment funds lays down six principles to improve corporate governance standards in their investee companies, reports Jash Kriplani.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Financial planning expert Irfan Rupani shares some valuable tips on which mutual funds to buy.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
After the Franklin Templeton episode, investor confidence has been shaken. Known brands have become more relevant to investors, as long as this psychological impact lasts.
FDs and mutual funds (assuming you are refering to equity funds) are different investment options. FDs offer an assured return and safety of capital. Mutual funds are high risk-high return avenues. Investors would do well not to compare them, says Irfan Rupani.
Investing via an sip is a good idea. However, ensure that the sip is for a sufficiently long time, says personal finance expert Irfan Rupani.
With fear of a slowdown looming, a steep fall in world's markets last week and the US being downgraded first the time in seven decades, domestic retail investors have made losses in their most-favoured schemes this year.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Credit cards are fast emerging as an acceptable mode of payment for many instruments. At present, insurance payments can be made through cards. Soon, mutual fund investments could be allowed as well.
Fund managers's compensation is largely tied to the assets they manage and scheme performance.
It is important to nominate a successor to mutual fund investments as it helps smoothen the transfer of funds in case the original investor passes away
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
It is always unwise to invest in sectoral funds alone, says personal finance expert Rahul Goel.
A volatile market tends to throw up investment opportunties for the long term investor. whether you should invest in stocks or deposits, is a function of your needs, profile, risk appetite, return expectation etc, says mutual fund expert Rahul Goel.
Foreign fund houses outperformed their domestic peers in terms of garnering assets in 2010-11.
Thinking beyond oneself and one's immediate environment is looked upon as a good trait in any person. But when this logic is extended to mutual funds, one might find it surprising. "Shouldn't mutual funds be concentrating on giving returns to the customer?" is a question that comes to mind immediately. Yes, they should.
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.
If you are about to retire then the government savings schemes would suit you more. A word of caution here: do not take insurance to save tax. take it for the right reason - to secure the future of your dependents in your absence, says personal finance expert Rahul Goel.
MFs have garnered record assets in the past one year, led by increased investor participation through SIPs and robust returns in mid-cap schemes.
Mutual funds are increasingly launching schemes to take advantage of the infrastructure boom, both within the country and globally. The schemes will invest in companies that will benefit from the multi-billion dollar investments required in ports, roads, telecom, construction, engineering and aviation across the world in the coming years.
Domestic fund houses forge pacts with foreign peers to mop up $7 billion.
Illustration: Uttam Ghosh/Rediff.com After a brief respite at the year's start, FPIs have dumped shares worth more than $5.7 billion (Rs 42,596 crore), taking the cumulative net outflows since October to $10.5 billion (Rs 78,466 crore), and adding to the volatility on the bourses. The figure would have been a lot worse had it not been for net purchases to the tune of $5.7 billion in the primary market from October to date.
Banks and mutual funds in India are earning abnormally high returns in money markets by breaching Reserve Bank of India rules forbidding forward trades.
Our advice to investors is that they should adhere to the basics of mutual fund investing and evaluate mutual funds across parameters, including past performance.
