Seeking to tap a larger number of small investors, the mutual fund industry is going all out with investment plans of as low as Rs 100 per month and Reliance Mutual Fund has become the first fund house to launch such a scheme.
Close to 21.5 per cent of this will be sold to Japan's Nippon Life, which will then become the sole promoter of the fund house.
The impending merger between Housing Development Finance Corporation (HDFC) with HDFC Bank may create challenges for large-cap fund managers, most of whom are already grappling to match the returns generated by their benchmarks. The combined weight following the merger in the benchmark Sensex and Nifty 50 indices is likely to be much higher than permissible limits for active mutual fund (MF) schemes. This could have a bearing on the performance of large-cap funds if HDFC Bank shares outperform the markets, as the schemes will be forced to remain underweight on the stock to adhere to the single-stock cap.
Indian asset management companies (AMCs) are likely to see a hefty spike in their valuations, after the last week's 5 per cent equity stake sale by Reliance Mutual Fund to US-based hedge fund Eton Park.
While debt funds have emerged as the flavour of the season, not all investors understand debt funds. So the best they can do is put trust in the fund manager and the fund house.
Reliance Capital on Wednesday said it has got approval from the Indian market regulator Sebi and the Monetary Authority of Singapore (MAS) for Rs 1,450-crore (Rs 14.5 billion) stake sale in its mutual fund business unit to Japan's Nippon Life.
Many senior citizens 'underestimate the impact of inflation, taxation, health-related expenses, and the heavy premium they will have to pay on health insurance.'
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
Here are four main reasons for choosing a mutual fund over trading directly in the market.
FMPs are basically debt-based products, which come with a pre-specified tenure.
The category average return of mid-and-small-cap funds is 95 per cent.
The company will provide loans up to Rs 1 crore (Rs 10 million) under this programme, for which it has entered into an exclusive tie-up with another group firm, Reliance Mutual Fund.
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
While Jio MF will undoubtedly grow in size, it will have to cross multiple hurdles even to emerge as the market leader, observes Debashis Basu.
With the listing of Reliance gold ETF on the National Stock Exchange (NSE) on Wednesday, four fund houses (Benchmark, UTI Mutual Fund and Kotak Mutual Fund being the other three) currently offer gold ETFs to Indian investors.
The Anil Dhirubhai Ambani Group is open to have partners for its insurance and mutual fund businesses, its chairman Anil Ambani said on Friday.
Domestic institutional investors pumped Rs 2.3 trillion into equities during H1 CY24. Of this, mutual funds contributed 80%.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
The Prime Minister's visit to Japan reinforces the strategic focus of global partnership between India and Japan.
Gold funds have returned -5.2 per cent, while the Sensex is down 7 per cent in the past year.
Large-cap and a bottom-up approach to stock picking
'...you can't become a slave of it, but certainly there are huge advantages to using Artificial Intelligence.'
Though the overall environment seems to be improving, Reliance Capital CEO Sam Ghosh tells Business Standard that the company is opting to be cautious.
Maintaining a bullish stance despite the meltdown in the stock market, renowned fund manager Madhusudan Kela on Wednesday said the current fall gives great opportunity to buy good stocks. He said Market will be in consolidation mode for the next 4-6 months. Investors should start buying into high conviction ideas. On the sectoral front, for the next 2-3 months bank stocks may not see any great news and the amount of derivative losses is yet to be measured.
Good growth prospects and reasonable valuations will help select mid-caps deliver superior returns, say experts.
Nikunj Saraf, Vice President Choice Wealth, will answers your MF queries.
Several of the mutual fund schemes have plans like dividend, growth and bonus.
Equity benchmark Sensex declined nearly 390 points on Friday, pressured by heavy selling in IT, tech and energy stocks despite a positive trend in the global markets. Besides, rising crude oil prices and relentless foreign capital outflows further weighed on sentiment, traders said. The 30-share BSE Sensex opened strong but came under severe selling pressure to close 389.01 points or 0.62 per cent lower at 62,181.67.
'Investors should allocate about 5% to 10% to such funds.'
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.
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