While Angel One and Unifi Capital have obtained the final licence, Jio BlackRock, Capitalmind, Choice International and Cosmea Financial Holdings have received in-principle approvals.
Financial planning expert Vicky mehta offers some valuable tips on mutual fund investments.
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.
'More investors now view the stock market as a valuable opportunity, though many still seek quick gains, leading to a rise in futures and options trading.'
In an hour-long chat on rediff.com on Thursday, financial planning expert Sailesh Multani offered some valuable tips.
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.
Financial planning expert Irfan Rupani replies to readers' queries on mutual funds.
In an hour-long chat on rediff.com financial planning expert Sailesh Multani offered some valuable investment tips.
It is a three year close-ended equity scheme that propagates long-term investing
The mutual fund (MF) gross inflows through the systematic investment plan (SIP) route topped the Rs 20,000 crore mark for the first time in a calendar month as investors opened a record 6.4 million SIP accounts despite a spike in market volatility. The number of accounts opened last month was almost 50 per cent higher than the registrations seen in March. "India's MF industry has reached yet another milestone with the SIP book crossing above Rs 20,000 crore in April 2024.
In an hour-long chat on rediff.com, financial planning expert Sailesh Multani offered some valuable investment tips.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In an hour-long chat on rediff.com, financial planning expert Sailesh Multani offered some valuable tips.
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.
In an hour-long chat on rediff.com on Thursday, financial planning expert Sailesh Multani offered some valuable 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.
The mutual fund (MF) industry added a record Rs 10 trillion to its total assets under management (AUM) in 2023, taking the cumulative tally past the Rs 50 trillion mark for the first time, in December. This 20 per cent growth in AUM last year was fuelled by a robust rally in the equity markets and a record Rs 1.62 trillion net inflows into active equity schemes. In another first, the AUM linked to systematic investment plans, too, hit Rs 10 trillion by the end of 2023.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Inflows into gold exchange-traded funds (ETFs), which manage a total of Rs 37,390 crore, have surged sharply in recent months. This trend is likely to continue, especially after the reintroduction of long-term capital gains tax (LTCG), which is likely to attract smart money into mutual fund offerings amid a robust outlook for the yellow metal. Smart money, also known as opportunistic flows, refers to strategic investments that are generally of a short-term horizon.
'Use this money to build an emergency fund if you do not have one.'
You have been investing in mutual funds for quite some time but the returns on your investment is not impressive? Should you sell those mutual funds that have not performed well and add a dash of new ones that are touted as good performers? Financial planning expert Vetapalem Sridhar runs you through the basics of MF investing.
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.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Before framing regulations to curb 'misleading' messages and stock recommendations by finfluencers (a portmanteau of the phrase 'financial influencers'), the market regulator plans to put in place some 'building blocks' to ensure smooth enforcement. Madhabi Puri Buch, chairperson of Securities and Exchange Board of India (Sebi), is of the view that the 'traditional approach may not work' to rein in finfluencers. "There are many interlinked pieces in our regulations - investment advisor regulations, research analyst regulations, the fact that we don't have algorithmic (algo)-related regulations, what brokers are permitted to do, and what is incidental advice.
Financial planning expert Vicky Mehta offered some valuable investment tips.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In an hour-long chat on rediff.com, personal finance expert Shailesh Multani offered some valuable tips
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
Commissions paid to mutual fund distributors (MFDs) increased by over 20 per cent for most large fund houses in 2023-24 (FY24), driven by a sharp market rally and strong inflows. The largest fund house, SBI Mutual Fund (MF), which now manages nearly Rs 10 trillion in assets, paid Rs 2,025 crore to its major distributors - 21 per cent higher than the Rs 1,675 crore payout in 2022-23 (FY23).
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
In an hour-long chat on rediff.com on Thursday, personal finance expert Sailesh Multani offered some valuable investment tips.
The Anil Dhirubhai Ambani Group is open to have partners for its insurance and mutual fund businesses, its chairman Anil Ambani said on Friday.
In an hour-long chat on rediff.com on Friday, Abchlor Investment Advisors MD and founder www.investonline.in Abhinav Angirish offered some valuable investment tips.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
