Mutual Funds added more than 7 lakh investors into equity schemes in August. Despite this, redemptions out-weighed investments in equity funds.
With domestic savings rising, there is strong case that they may; but, equally, it may be premature to underestimate the potency of foreign flows.
HDFC Mutual Fund on Thirsday completed acquisition of Zurich fund to become one of the largest players in the country.\n\n\n\n
Sebi wanted to know how much Mutual Fund head honchos were paid. A look into who got how much...
"The 21,000 level is meaningless. In the past five years, earnings have grown 40 per cent. One should look at the P/E. We are very positive on the market despite elections being around the corner," says Milind Barve MD, HDFC AMC.
HDFC MF has had a history of stock options and gave additional ESOPs to key staff a few months ago
Gold exchange-traded funds (ETFs) have further lost favour among Indian investors.
She pocketed Rs 9.12 crore as remuneration in FY16
Money flowing into the equity schemes of mutual funds is back at a level last seen before the 2008 financial crisis, when the stock market tanked 60 per cent.
Indian retail investors continue to sell gold ETFs.
MFs have garnered record assets in the past one year, led by increased investor participation through SIPs and robust returns in mid-cap schemes.
Over 700,000 new investor accounts have been opened so far in FY15.
Do you know you can invest in funds to donate money for a good cause?
Most large fund houses, such as HDFC MF, ICICI Prudential AMC, Reliance MF, Reliance MF, Birla SunLife MF and SBI MF, have the backing of large banks or financial institutions, giving them reach and understanding, they say.
In its 59-page order, the capital markets regulator Sebi said that the 10-year restraint period for them would be calculated after taking into account the restraint already undergone by him vide an interim order dated June 17, 2010.
The fund industry may have embraced machines and robots, but managing money still needs the human touch
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