Fund managers said they were now waiting for first-quarter results of IT firms, which begin with Infosys Technologies next Wednesday (July 11), to decide their investment strategy for the sector.
The domestic mutual funds such as Reliance Mutual Fund and Tata Asset Management Company are in advanced talks with global fund houses and investment advisors, in an attempt to offer global investment products to their Indian investors.
Mutual funds are set to bag a huge chunk of the nearly Rs 3,05,000 crore cash reserves of the public sector companies.
Investors lost as much as 20 per cent of their money put into equity focused mutual funds over the past one month as the benchmark stock index Sensex dropped about 11 per cent during the same period.
Rise in portfolio value triggers higher dividends.
If you have a little bit more money to invest, Portfolio Management Services may be an interesting alternative. Here's why.
The Sensex, which saw a sharp fall of nearly 800 points on the first two days of the week, rebounded with a 180-point gain on Wednesday, while the index continued its northward run the next day too, surging by 300 points.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Stock markets may soon witness a huge capital inflow from the domestic mutual funds, who are waiting for the right investment opportunity with a cash pile of over Rs 8,000 crore (Rs 80 billion).
Senior officials in the MF industry say while the finance ministry and regulators communicate regularly, this is one of the very few instances in many years where an issue between the two has come out into the open.
Top losers in the Sensex pack included Yes Bank, IndusInd Bank, Tata Motors, RIL, ONGC, Bajaj Auto, Vedanta, Tata Steel, TCS, HDFC Bank and ICICI Bank, which fell up to 3.29 per cent.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
12 important facts every mutual fund investor must know.
As per the latest data available with mutual fund industry body AMFI, the total AUM of ELSS, or tax-saving funds, stood at Rs 25,069 crore at the end of January 2013.
The fall in the equity markets was to put some pressure on the balance sheets of the top five asset management companies (AMCs) in the country. But, two of them have managed to buck the trend, thanks to the rise in their average assets under management (AAUM).
As the New Year begins here's taking a look at the best mutual funds of 2012 and what you should do with them in 2013.
Tech Mahindra, the highest bidder for Satyam Computer Services, has tied up Rs 875 crore funding from mutual funds and insurance companies and is in talks with banks to mobilise Rs 1,000 crore bridge loans.
This is the highest inflow in the past six months.
Only a small percentage of investors in our country are invested in equity and equity-related funds at any given point in time.
Choose the right scheme and occasional shifting will ensure safety with returns.
If you are investing your money only in public provident funds then should you start putting your money in mutual funds' systematic investment plans?
Public banks refrained from buying CDs of private banks, CPs of companies. The Reserve Bank of India had opened a 14-day repo window of Rs 20,000 crore (Rs 200 billion) for banks at 11 per cent to lend to the mutual fund industry on October 15.
Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
What are the advantages of investing your money in mutual funds instead of doing it on your own? Here are a few reasons why you must prefer mutual funds.
The markets regulator, Securities and Exchange Board of India (Sebi), recently introduced fresh guidelines to determine the place of a mutual fund (MF) on its riskometer tool.
Here are some tips for salaried class to reduce their tax burden as the financial year is nearing its close come March 31.
Sebi has scrapped the fee for initial issue of close-ended MF schemes.
Funds like fixed maturity plans, which are close ended debt funds can give some indication of the returns they will generate. this too will not be assured. if you are looking for assured returns, then post office may be the place or an FD at a credible company, says Rahul Goel.
Concerned over the increasing flow of banking funds into the stock markets, the Reserve Bank on Friday tightened the credit facility for Mutual Funds and asked banks not to guarantee payments to stock exchanges on behalf of Foreign Institutional Investors.
In other debt-oriented funds, retail assets jumped from about Rs 45,000 crore to Rs 64,000 crore.
Short-term gains from shares are taxable
These stocks are overvalued and, therefore, one should not adopt a buy and hold strategy.