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.
The BSE Sensex lost about 1,600 points, while the National Stock Exchange Nifty was down about 400 points.
Exchange to launch mutual fund trading platform; BSE set to follow.
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.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
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.
Nikunj Saraf, Vice President Choice Wealth, 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.
The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month
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.
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.
HDFC and HDFC Bank's merger - touted as India's biggest-ever corporate merger - pumped up shares of the two entities on the bourses. Shares of Housing Finance Development Corporation (HDFC) skyrocketed 9 per cent while those of HDFC Bank zoomed 10 per cent. In comparison, the benchmark S&P BSESensex and the Nifty50 indices settled 2.2 per cent higher on Monday.
The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
Most investors are obsessed with performance. They rarely venture beyond the numbers.
They own 27.5% in top 75 listed firms; investments bounce back after falling two straight quarters
Pension plans by mutual funds have a three-year lock-in like ELSS.
The mutual fund industry also witnessed record sales.
Fund managers's compensation is largely tied to the assets they manage and scheme performance.
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.
Nikunj Saraf, Vice President Choice Wealth, answers your Mutual Fund queries.
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?
Financial planning expert Irfan Rupani shares some valuable tips on which mutual funds to buy.
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.
MFs have garnered record assets in the past one year, led by increased investor participation through SIPs and robust returns in mid-cap schemes.
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.
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
Foreign fund houses outperformed their domestic peers in terms of garnering assets in 2010-11.
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.
'Largely, new demat accounts are now being opened by the younger crowd, particularly GenZ.' 'This is great news since younger investors start their journey with very little capital, so they are risking less.'
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.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
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.