They own 27.5% in top 75 listed firms; investments bounce back after falling two straight quarters
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
Experts say investors should stay patient and stay invested in mutual funds.
Ideally, one should opt for a 5 to to 10- year period in an MF scheme or exit when the goal is reached.
Bharti Airtel, Vodafone, Reliance Jio Infocomm and five other telecom firms will battle it out at the spectrum auction tomorrow, from which the government expects to garner at least Rs 11,300 crore (Rs 113 billion).
The MF Industry had a cash-rich 2014 as it crossed the Rs 3 trillion mark.
'To ensure you remain with the better performers, you need to consistently monitor your MF portfolios and weed out the non-performers, even if they are from a star fund manager or a fund house with a sound record.'
While the number of international MF schemes is increasing, so is the confusion for investors.
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
The KYC parameters now include declaration of the gross annual income or net worth.
I would advise at least a 7 year investment time frame for Equity Investing
Market breadth is positive with 942 advances and 196 declines.
Rationalisation of reserve prices in the ongoing spectrum auction helped the government to get Rs 40,000 crore of bids on the opening day.
After a two year run-in with controversies, telecom sector now looks stable and seems back on its feet with initial investment proposal of over Rs 11,000 crore (Rs 110 billion) received in 2013.
Market ended lower for the third straight session led by IT stocks amid downgrade by Citigroup.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
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