Managing 5-6 investments is easy. But when the number of investments increases significantly, the problem starts creeping in.
Reliance Mutual Fund topped the AUM chart with its AUM in excess of Rs 660 billion, while ICICI Prudential Mutual Fund came second with an AUM of Rs 487 billion.
Loan taken for higher education from any other organisation or person will not qualify for claiming deduciton u/s 80E, says tax expert Vikas Gandhi.
The biggest tax advantage of investing in mutual funds is that the entire income received by investors is fully exempt from income tax.
Some MF distributors offer 'cash back' to investors who invest through them to sweeten the deal. This is a throwback from the days when LIC agents gave cash back to individuals who bought policies through them.
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.
Diversification is the key to achieve optimal risk-adjusted returns. Often, an investor is confused whilst deciding on the number of mutual funds you should consider holding in your portfolio.
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.
IndusInd Bank was the top gainer in the Sensex pack, rallying over 6 per cent, ahead of its earnings announcement. Axis Bank, Kotak Bank, ICICI Bank and Bajaj Finance too surged up to 5 per cent. On the other hand, NTPC, M&M, HDFC Bank, Bharti Airtel and ITC were the laggards.
'Avoid taking excessive credit risk via mutual funds such as high-yield fixed maturity plans and credit opportunity funds.'
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.
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.
Some of the public banks showed improvement; much more still needs to be done
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).
If you have a little bit more money to invest, Portfolio Management Services may be an interesting alternative. Here's why.
There are, however, a few aspects to factor in before considering G-Secs as an investment option, advises Bindisha Sarang.
The recent weakness in stock markets has provided an opportunity to buy quality stocks relatively cheaper
Assuming that the value of LIC's holding has risen in line with the markets, its portfolio size today could be around $86 billion, higher than the previous record of $84 billion in March 2018.
12 important facts every mutual fund investor must know.
While the market may remain volatile this year, analysts expect equities to deliver positive returns by outperforming inflation and government bonds, supported by the fiscal stimulus in the US.
'There is still scope for selective stockpicking.'
Investors who cannot manage an asset-allocated portfolio or rebalance regularly, or do not have an advisor, may opt for these funds, but only after a detailed study of their strategy, suggests Sanjay Kumar Singh.
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 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.
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.
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.
If you are investing your money only in public provident funds then should you start putting your money in mutual funds' systematic investment plans?
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.
This is the highest inflow in the past six months.
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.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, 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.
Here are some tips for salaried class to reduce their tax burden as the financial year is nearing its close come March 31.
