The SBI Long Term Equity Fund, formerly known as the SBI Magnum Taxgain Scheme, is an Equity Linked Savings Scheme (ELSS) offered by India’s largest fund house. With a history of 32 years, this tax-saving fund is one of the oldest of its kind in India, featuring a 3-year lock-in period and tax benefits for … Read more
Kotak Mahindra Asset Management Company Ltd (KMAMC) has announced the launch of ‘Choti SIP’, a novel initiative to make mutual fund investments more accessible to Indians. This new offering allows individuals to start investing with a minimal monthly contribution of Rs 250, a move intended to broaden the reach of mutual funds in line with … Read more
The mutual fund industry has added over 10 million new investors in the last 12 months. As the financialisation of savings picks up, more new investors are expected to tap mutual funds to create wealth. WHAT CHOICES DO MUTUAL FUNDS OFFER INVESTORS? Investors have several schemes to choose from different asset classes, be it equity, … Read more
Mutual fund investment has become an appealing opportunity for wealth accumulation. A key advantage of this investment avenue is its accessibility, as individuals can start investing with amounts as low as Rs 100 or Rs 200 through Systematic Investment Plans (SIPs). The power of compound interest, given time to grow, has the potential to turn … Read more
PSU mutual funds are losing steam. Do I withdraw my investment now or should I wait? Are PSU funds going to provide low returns in the near future, or are they likely to rebound? What is the current outlook for these funds? Manorajan Das, Gurgaon Reply by Shweta Rajani, Head – Mutual Funds, Anand Rathi Wealth … Read more
Madhu Nair, CEO of Union Mutual Fund, has a bullish view on the investment landscape. That’s why he believes that the assets of mutual fund industry could touch Rs 140-200 lakh crore in 7-10 years. He feels money flows into equities and bonds in India will surprise over the next 10-15 years. Over the past … Read more
AMFI June data: Equity mutual funds saw an inflow of Rs 40,608.19 crore in June, which is 17% higher and is a new high for the segment. According to the latest Association of Mutual Funds of India (AMFI) data, the monthly inflow in May was Rs 34,670.9 crore. The 17% hike is mainly due to … Read more
Mutual fund investment: The economic expansion of India is closely linked to the performance of its stock markets. When certain sectors start growing, this lead to increased investor confidence, heightened market activity, and elevated asset prices. This optimistic outlook within the stock markets stimulates additional investments in these evolving sectors. India offers a varied investment … Read more
Quant Mutual Fund: Mutual fund investors were shocked after the Securities and Exchange Board of India (SEBI) initiated a probe against AMC Quant Mutual Fund over charges of front running. The regulatory body has identified trading behaviours indicating potential front-running activities by an individual connected to the fund. In response to these findings, the Asset … Read more
Mutual funds are a popular choice among investors due to their versatility and accessibility. They provide a strategic avenue for investors to participate in the stock market, debt market, and the overall economy. One of the key advantages of mutual funds is their ability to deliver risk-adjusted returns, which is vital in today’s constantly changing … Read more