An improved showing of mutual funds (MFs) is helping the industry attract distribution talent at a brisk pace. The industry has onboarded a net of 11,600 individual distributors in the first seven months of 2023-24 (FY24) compared to just 5,555 distributors in the whole of 2022-23 (FY23), according to data from the Association of Mutual Funds in India. Like most financial products, MFs also have significant reliance on individual distributors to sell their products, even as digital platforms are gaining popularity.
Mukesh Ambani's Jio Financial Services (JFS) is set to seek shareholders' approval for its leasing subsidiary to acquire telecom equipment and devices worth Rs 36,000 crore ($4.33 billion) from Reliance Retail. Jio Leasing Services Limited (JLSL), a wholly-owned subsidiary of JFS, plans to enter the device leasing business, and the equipment will be deployed in broadband wireless connectivity and other services.
Over longer periods of three, five and 10 years, small-cap funds have rewarded their investors handsomely.
Returns in Systematic Transfer Plan are consistent as money invested in debt mutual fund schemes earns interest till the time the whole amount is fully transferred to equity fund, says Vishwajeet Parashar, Sr VP and Group Head -- Marketing, Bajaj Capital
Financial planning expert Sailesh Multani offered some valuable tips.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In an hour-long chat on rediff.com on Thursday, financial planning expert Sailesh Multani offered some valuable tips.
Should you continue investing in stocks and mutual fund SIPs even as Indian stock markets keep sliding every other day and there is gloom all around?
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In a chat on Wednesday, financial planning expert Sailesh Multani offered some valuable tips.
Financial planning expert Vicky Mehta offers some valuable tips on mutual funds.
Financial planning expert Sailesh Multani offered some valuable tips during a chat on rediff.com on Wednesday.
Bonuses are typically commensurate with deal activity in any given year. Investment banks, on average, pocket 2-3 per cent as fees for managing an IPO and 1.5-2 per cent for handling QIPs.
In an hour-long chat on rediff.com financial planning expert Sailesh Multani offered some valuable tips.
Many retail investors, who are experiencing their first bear market, are shocked at the erosion in the value of their mutual fund (MF) portfolios. The pain is especially acute for those who had taken excessive exposure to sector/thematic and small-cap funds. Even international diversification has failed to stanch the bleed in this downturn.
The mutual fund industry's assets under management (AUM) have likely breached the Rs 50 trillion mark following a rally in domestic equities this month. The industry's average AUM stood at almost Rs 48 trillion at the end of October. In November, the Nifty50 index has gained about 4 per cent so far, while smallcap and midcap indices have rallied close to 8 per cent.
During a chat on rediff.com on Wednesday, financial planning expert Sailesh Multani offered some valuable tips on financial planning.
In an hour-long chat on rediff.com, financial planning expert Sailesh Multani offered some valuable tips.
With the introduction of 10 per cent tax both on long-term capital gains and on dividend, choose funds based on investment horizon and risk appetite, not on tax advantage, experts tell Sanjay Kumar Singh.
In an hour-long chat on rediff.com financial planning expert Sailesh Multani offered some valuable investment tips.
In an hour-long chat on rediff.com on Thursday, financial planning expert Sailesh Multani offered some valuable tips.
With a common account number, you can use the MF Utilities platform to invest in any fund house's scheme.
Financial planning expert Vicky mehta offers some valuable tips on mutual fund investments.
The new proposal comes close on the heels of six measures introduced by Sebi to curb frenzy in index derivatives.
Financial planning expert Irfan Rupani replies to readers' queries on mutual funds.
Undeterred by the stock market volatility, uncertainty due to the Ukraine-Russia war and high inflation, equity mutual funds continue to remain attractive choice for investors for the 15th straight month, registering a net inflow of Rs 18,529 crore in May on robust SIP numbers. This was higher than Rs 15,890 crore net inflow in April, data from the Association of Mutual Funds in India (AMFI) showed on Thursday. Equity schemes have been witnessing net inflow since March 2021, highlighting the positive sentiment among investors.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
It is a three year close-ended equity scheme that propagates long-term investing
In an hour-long chat on rediff.com, financial planning expert Sailesh Multani offered some valuable tips.
In an hour-long chat on rediff.com, financial planning expert Sailesh Multani offered some valuable investment tips.
To get some useful investment tips, chat with Feroze Azeez, director -- investment products (private wealth management), Anand Rathi Financial Services Ltd on Wednesday, April 2 between 4 pm and 5 pm.
In an hour-long chat on rediff.com on Thursday, financial planning expert Sailesh Multani offered some valuable tips.
After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of Rs 9,115 crore in March amid correction in the stock market. Barring multi-cap and value fund categories, all the equity schemes saw inflow last month, data from the Association of Mutual Funds in India (Amfi) showed on Thursday. However, investors pulled out Rs 52,528 crore from debt mutual funds last month, after investing Rs 1,735 crore in February, owing to advance tax payments and other year ending commitments. Overall, the mutual fund industry witnessed a net outflow of Rs 29,745 crore across all segments during the period under review, compared with a net inflow of Rs 4,090 crore in February.
P V Subramanyam takes a hard look at the pros and cons of both options.
The Bhagavad Gita reminds us that true peace comes not from the absence of problems, but from the ability to face them with a prepared mind and a steady resolve, says Vatsal Ramaiya, and shows how the Gita helps you to achieve financial peace.
Systematic investment plans (SIPs) from mutual funds have become very popular these days. But there are certain things that investors should keep in mind when starting an SIP.
Rebalance your portfolio in case it has become overweight on equities vis-a-vis your strategic asset allocation.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
What are the good mutual funds that you must buy for the long term? Are there any good mutual funds that will not only make money but help you save your tax? Get Ahead financial planning expert Vetapalem Sridhar has some answers.