Funds like Taurus Starshare capitalise on market conditions by holding concentrated portfolios and taking on higher risk, but this only reveal a part of the true picture.
According to the Mutual Fund Monthly Performance Report by Reliance Money, the fund houses were sitting on a cash pile of Rs 15,074.27 crore (Rs 150.74 billion) at May-end against that of Rs 20,108.92 crore (Rs 201.08 billion) at the end of previous month. Fund managers said that availability of stocks at cheap valuations renewed their interest in the secondary market.
The Securities and Exchange Board of India is likely to clear the long pending application of Taurus Parsoli Ethical Fund to launch a Shariah fund by the end of this month. A go-ahead to Taurus would pave the way for other mutual fund houses to launch similar funds.
Measured by returns in 2013, the top 10 funds had only three from large houses; nimble strategy could be a factor.
'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.'
Awaiting the right opportunity to deploy their funds into the equity market, the mutual fund industry is stting on a huge cash pile of Rs 20,109 crore, even as Foreign Institutional Investors are pouring funds into equities.
Here's all you must know about equity linked saving schemes and how they can help you save taxes as well as optimise returns.
Ramesh Kabra, head, Product Development at Taurus Mutual Fund, addresses the important issues and concerns ranging from volatility of the market to safer investment destinations.
Indian Industry leaders are elated that the Congress government has returned to power. Here is a wishlist of Cabinet ministers.
The spike in volatility, amid election uncertainty, has done little to dent the confidence of retail investors, shows demat account addition and equity mutual fund (MF) investment data. In May, investors opened a net 3.6 million demat accounts, taking the total to 158 million. MF data released on Monday pegged the net inflows into equity schemes and SIP investments at new record highs of Rs 34,697 crore and Rs 20,904 crore, respectively.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Monisha Dudaney tells you what the stars predict for the coming months.
