Investors continue to back-up equity mutual funds in June as such schemes attracted a net inflow of Rs 15,498 crore on strong flows from systematic investment plans despite volatility in the stock market and relentless selling by Foreign Portfolio Investors (FPIs). This also marked the 16th straight month of positive inflow in equity schemes. Inflows into equity mutual funds in June was lower compared to the net inflow of Rs 18,529 crore seen in May, data from the Association of Mutual Funds in India (AMFI) showed on Friday.
Stocks offering attractive dividends contain downside better when the markets correct, advises Sarbajeet K Sen.
'We would advise investors to invest in a disciplined way in equities for the long term.'
On a daily basis, AMCs are required to disclose the Total Expense Ratio of all mutual fund schemes except infrastructure debt fund schemes on their respective websites.
Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.
Investors should consider debt mutual funds, banks fixed deposits or high-rated corporate debt instruments.
MFs have benefited from a shift to financial assets from physical assets like real estate and gold.
Many investors, who have made money in the rising market of the recent past, are pulling out of equity funds, believing that they can earn more by investing directly.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
A budget is nothing but a tool to keep your spending under control and ensure that the monthly expenses are lower than your monthly income. Here are some tips on how you can make your budget work
'As the Indian economy continues to expand over the next three years, mid- and small-caps should do well as they have higher exposure to the domestic economy than large-caps.'
When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum.
One of the mistakes most homemakers make while thinking about financial planning is looking at immediate goals, says Amar Pandit.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Do you have financial planning queries? Ask rediffGURU Kirtan A Shah.
Start 2017 with these five simple financial resolutions and you will put your family on solid ground financially, says D P Singh, executive director and chief marketing officer, SBI Mutual Fund.
The government has also built in mechanism to protect investors from price fluctuation.
'There is still scope for selective stockpicking.'
Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.
Money saved is money earned, and cutting down your expenses could well be the single-most important step towards an organised financial life. Naval Goel shows you how to keep your finances organised.
Apart from SIPS and STPS, value- averaging can help investors make more money, says Devangshu Datta.
Is the latest mobile or car or a house the goal? If so, the savings and investments should be aimed at catering to it. The amount needed has to be worked out, and money needs to be saved, accordingly, suggests Sarbajeet K Sen.
Monthly SIP inflow is Rs 6,000 crore, with a little over 1.75 million accounts
Investing in a Unit Linked Insurance Plan increases your life cover and also helps you save tax, says Vivek Jain.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Session-wise data indicates small investors have taken money off the table in more sessions than they have pumped in additional capital.
Having exposure to international funds and gold is a must for those who have foreign currency-denominated goals.
An Aadhaar card can fast-track the KYC procedure for some instruments.
'When you have surplus cash flow and markets correct sharply, what options do you have other than buying good stocks?'
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
With this, the total SIP contribution in the first seven months of the current financial year rose to Rs 57,607 crore as compared with Rs 52,472 crore in April-October 2018, according to the latest data from the Association of Mutual Funds in India (Amfi).
Mahindra MF, which began operations in July 2016, is currently a bit-player and placed 31 among 42 fund houses, with assets under management of about Rs 4000 crore
'We never go overboard on any stock, no matter how good it may seem.'
To ensure a better financial future, resolve yourself to follow these simple money tips.
'Debt mutual funds are a good option now because interest rates are coming down.' 'Retail investors must put a majority portion of your money in short-term debt funds (1 to 3 years) and only a small portion in actively managed dynamic funds.'
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
Now STPs or variable SIPs can earn better returns than vanilla SIPs.
'The potential headwind is that the Indian economy is likely to see a slowdown in growth rates over the next two years.'
While planning for retirement, the key is to let your money be idle, says Amar Pandit.
When you buy a stock, especially a mid- and small-cap one, have a price target. Once you hit the target, exit the stock, advises Joydeep Ghosh.