Fisdom among few fintechs to generate revenue through MF distribution
Ganesh Mohan named CEO, Nimesh Chandan to head investment team
This comes amid concerns about misuse of framework
'Banks were an exception, as they exceeded expectations on all fronts'
Yields of popular debt schemes touch 7.5%, the highest since Covid outbreak
Looking from a medium-to-long term perspective, India is well positioned to deliver growth, both from the economy and equity market point of view
Funds see outflows for four months on the trot
GST, transaction charges could be made part of total expense ratio
An ELSS as a tax-saving option is mostly preferred by younger taxpayers
AMCs term it from 'positive development' to 'preventive exercise'
At the end of January, Quant MF had close to Rs 950 crore investment in Adani Ports and Ambuja Cement
Becomes first fund house to shift from active to passive in ELSS
Among the four listed AMCs, two report profit growth in Q3, other two see a decline
Stocks of Archean Chemical Industries, 5 Star Business Finance, Kaynes Technology India, and Inox Green will be watched keenly this week as 90-day anchor lock-in period in these counters expires
Kotak MF and Edelweiss MF place restrictions on investments as they near their international investment limits
'Indian markets offer potentially attractive medium-term opportunities available across various sectors and size categories'
Advisors remain in favour of Nifty despite its recent underperformance to the Sensex
The money can be adjusted later, but the blocking of 20 per cent capital till tax filing is likely to dissuade direct investment in foreign equities
Investors may divert flows towards debt funds, say experts
Products that invest in fixed-income and derivative instruments enjoyed taxation for bonds