Two dozen AMCs don't even have a single women fund manager; only a couple have more than two
Starting this month, new Ulip plans with annual premium of over Rs 2,50,000 are proposed to be taxed in the same way as capital gains on transfer of equity-oriented MF units
Mutual fund investors stop getting the benefit of any appreciation after three years
Investment in mutual funds through systematic investment plans dropped to a 31-month low of Rs 7,302 crore in November amid challenging economic environment. However, investment through the Systematic Investment Plans (SIPs) route had risen in October after six months of continuous decline. The 44-player mutual fund industry witnessed an inflow to the tune of Rs 7,302 crore through SIPs in November as compared to Rs 7,800 crore in the precedingmonth, data from the Association of Mutual Funds in India (Amfi) showed. This was the lowest-level since April 2018, when the investment through the route wasRs 6,690 crore. Since the last three days of November were non-business days, a significant amount of SIP flows might not be reflected in the official numbers. It is also significant to note that there has been a healthy addition of 3.39 lakh SIP accounts in November. Fund collection through SIP was Rs 7,788 crore in September, Rs 7,791 crore in August and Rs 7,831 crore in July. It dr
Until now, investors who gave a cheque for below Rs 200,000 got the same day's NAV, while those putting more got the NAV of the day when the cheque was realised
Equity mutual funds witnessed an outflow of Rs 2,480 crore in July, making it the first withdrawal in more than four years, primarily on profit-booking by investors
Industry estimates suggest over Rs 700 crore of fresh flows in July
Overall, the mutual fund industry witnessed a net inflow of Rs 7,265 crore across all segments last month
Investors can get these loans at 9-10 per cent interest rate
The equity schemes had combined asset base of over Rs 33,000 crore
A stamp duty of 0.005 per cent will be levied on issuance of units, and 0.015 per cent on transfer of mutual fund units.
In a letter to investors, Franklin Templeton MF President Sanjay Sapre has updated them on the winding up process of six debt income schemes
Banking stocks have lagged the market in the rebound off coronavirus lows, hit on March 23, 2020
Aversion to debt products has contributed to renewed interest in the category
Over Rs 25,000 crore ($3.3 billion) worth of investments belonging to 300,000 investors are currently stuck in the six debt schemes wound up by the fund house
Industry participants, however, say the run-up in market prices may not be enough to improve the sentiment of investors
Banking and PSU funds saw an outflow to the tune of over Rs 6,300 crore, while the same for credit risk fund was over Rs 5,500 crore and corporate bond category close to Rs 3,800 crore
According to market participants, MF investors could decide to sit on the sidelines as several equity schemes have seen their net asset values (NAVs) dip sharply in February
In a one-year period, focused schemes have delivered returns of 13 per cent, beating the category returns of large-cap schemes, which yielded 11.6 per cent in the same period
Over 25 per cent (more than Rs 6,000 crore) of the net flows have been directed toward the large-cap category