The mutual fund industry in June invested in companies like Piramal Healthcare, Reliance Petroleum, IFCI and Ashok Leyland. Interestingly, there was not much redemption pressure on them despite the Sensex skidding by another 2,570 points in June.
The global funds are gung-ho about the prospects of India's real estate sector and have committed billions of dollars, but the Indian mutual funds are treading cautiously.
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).
'It could tempt investors to pick stocks that are not fundamentally sound.'
Last week was unprecedented in the history of the Indian mutual fund industry-- the net asset values (NAVs) of nearly a dozen liquid-plus funds fell.
Gold funds have returned -5.2 per cent, while the Sensex is down 7 per cent in the past year.
While every individual investor has her/his own investment idea it is nevertheless a good idea to know what the big boys (read Indian mutual funds) are doing. Here's what the Indian mutual funds bought and sold in the month of July.
Mirae Asset Management, one of South Korea's biggest investment companies, hopes to launch its first mutual fund in India early in the new year after the country's regulators last week gave it a licence to operate.
It's good to see your fund's corpus rise over time, but when funds become too large, their performance can be adversely impacted. And mid-cap funds are more prone to this phenomenon.
In their short history, Gold ETFs have been quite successful in capturing investors' fancy. It must be noted that while ETFs as investment avenues may not be very popular among investors, it is the Gold ETFs segment wherein the interest is palpable. The fact remains that Gold ETFs are like any other investment avenues and have their fair share of pros and cons. This in turn highlights the need for investors to properly evaluate the Gold ETF option.
Standard Chartered Bank is expected to seal the deal of its Mutual Fund business in the near future.
The Indian mutual fund industry's assets under management race from Rs 3 trillion to Rs 4 trillion has come in just nine months.
The new entrants into the Indian mutual fund industry are making big strides through a plethora of new fund offerings and fixed income schemes as they grow their assets under management at a fast pace. Fund house Lotus Asset Management Company, which was launched just a year ago, has seen its assets grow from Rs 6,385.86 crore (Rs 63.85 billion) to Rs 8,142.93 crore (Rs 81.42 billion) in October, a steep rise of 27.5 per cent.
You will soon be able to invest in gold in the paper form through Benchmark Mutual Fund's Gold Exchange Traded Fund.
Reliance Mutual Fund topped the AUM chart with its AUM in excess of Rs 660 billion, while ICICI Prudential Mutual Fund came second with an AUM of Rs 487 billion.
The Tokyo-based Shinsei Bank is all set to foray into the Indian mutual fund business by forming a joint venture asset management company with Andhra Bank.
If FMPs get categorised as liquid funds, they will attract higher dividend distribution tax
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Mid-cap funds have given three-digit returns -- more than those from benchmark and large-cap funds. But, due to the higher risk they entail, you need to tread with care.
UTI, India's first mutual fund, has been on the backfoot in a competitive marketplace. The fightback looks not just at new products, but new processes and investor services
2006-07 saw mixed returns for mutual funds. Compared with the previous financial year, the returns have declined, mainly due to a fall in the stock prices. The net asset value of most equity funds fell nearly 10 per cent since January 2007.
With market regulator SEBI having no objection, leading mutual funds including UTI AMC are now awaiting Reserve Bank's nod to invest in the equity of Fortune-500 companies.
The Reserve Bank of India and the Securities and Exchange Board of India are considering a proposal for allowing Indian mutual funds to invest up to $1 billion in world's biggest companies through equity indices like Dow Jones Global Titans Index.
The big boys of the Indian mutual fund space are getting even bigger with five top players alone accumulating assets worth over US$ 52 billion (over Rs 2,10,500 crore) in the industry, whose combined wealth has soared past the US$ 100 billion mark.
The Securities and Exchange Board of India on Wednesday pulled up the Indian mutual fund industry for investor unfriendly practices and asked the Association of Mutual Fund of India to cooperate with the market regulator to focus on investors and exp
Thirty-five schemes are back in the dividend list in 2005, while 17 mutual fund schemes that paid dividends in 2004, have not announced any dividend as of yet.
In a bid to tap the growing potential of mutual fund business in the country, ICICI Bank has decided to raise its stake in Prudential ICICI Asset Management Company to 51 per cent, by buying out six per cent stake from Prudential Plc.
Take the Rediff Biz Quiz and find out how much you know about various Indian mutual funds.
The Indian MF industry offers a great investment opportunity to NRIs.
The asset size of Indian mutual funds have grown by about 200 per cent from Rs 47,000 crore (Rs 470 billion) in March 1993 to Rs 1,40,000 crore (Rs 1,400 billion) in December 2003.
MFs greet FMs decision on overseas investment
Foreign portfolio investors, on the other hand, have been net sellers in the markethaving pulled out Rs 8,600 crore
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