Page 2 - Mutual Funds

Deadline for nomination for MF, demat accounts extended till Sept 30

Stock brokers, AMCs directed to send regular communications to investors yet to comply

MFs open international funds for investments ahead of new tax rules

Franklin Templeton, Mirae Asset, Edelweiss mutual funds resume international schemes

10% of folios yet to comply as March 31 deadline for MF nomination looms

As of end-February, total MF accounts was 144 million

Declare nominee by March 31 or risk having your demat, MF folio frozen

Appointing a nominee is vital as it protects the family of a person who has passed away from a lot of hassles

Indian banks to gain $36 bn in deposits as mutual funds get taxed

The move comes as a respite for the financiers as the widening gap between credit off-take and deposits has sparked risks of asset-liability mismatches and pushed up funding costs

A tenth of MF folios yet to comply with nomination rules ahead of March 31

As of end-February, total MF accounts was 144 million

Persist with your SIPs to accumulate fund units at reduced costs

Pain in equities is expected to continue in the short-term, but investors with longer horizon must stay the course

Mutual fund investors get time till March 31 to nominate beneficiary

Existing mutual fund investors have time till March 31 to nominate a beneficiary or opt out of it by submitting a declaration form, failing which their folios will be frozen, and they will not be able to redeem investment. The Securities and Exchange Board of India (Sebi), in its circular on June 15, 2022, made it mandatory for mutual fund subscribers to submit the nomination details or declaration to opt out of the nomination on or after August 1, 2022. Later, the deadline was extended to October 1, 2022. The deadline for all the existing mutual fund folios, including jointly-held ones, was set as March 31, 2023, failing which the folios will be frozen for debits. Explaining the rationale behind the Sebi's move, Anand Rathi Wealth Ltd COO Niranjan Babu Ramayanam said that many investment accounts in the past have been opened without nominating anyone to whom the assets should be transmitted in case something happens to the account holders. This means that the rightful heirs had ..

Removal of LTCG tax benefits on debt MFs pushes corporate bond yields

Following govt's latest move, tax would be computed on based the investor's tax bracket; levy could be as high as 30%; Centre's step puts the tax for MF units at parity with that for bank FD

Proposed tax rejig may trigger outflow from debt MFs into equity: Analysts

The proposed amendment will also affect gold funds and international funds, analysts said, who believe that bank FDs will become more attractive

STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023

Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains

Finance Bill: How will new Mutual Fund rules impact investors from April 1?

New Mutual Fund rules: All existing investments and new investments made in debt MFs before March 31 will not be affected by the proposed mutual fund tax change

Govt may deal a tax blow to debt mutual funds; AMC stocks under pressure

If the proposed amendment to the Finance Bill gets cleared, investments across durations will be taxed as STCG

Accept investments from KYC compliant e-wallets: Sebi to mutual funds

The use of e-wallets for MF investments was allowed in 2017 to promote digitisation

There's a huge opportunity for performing credit funds: VAM's Sukumar

Sukumar explains why investment opportunities in this space are expected to grow manifold

Investors showing maturity, eyeing equities for long-term: Bandhan MF chief

In a Q&A, Vishal Kapoor dwells on the fund house's plan to renew growth momentum following the acquisition of IDFC MF and re-branding exercise

Arbitrage funds back in favour as market volatility boosts returns

Interest in low-risk equity products of mutual fund schemes see interest after extended period of outflows

Steep decline in new mutual fund investors in FY23, shows data

Number for 11 months stands at 3.7 mn against nearly 10 mn last year

Fund Pick: HDFC Flexi Cap Fund is enduring innings at the crease

In the past three years, the fund took exposure across market capitalisations, with predominant allocation to large-cap stocks (averaging 79.88 per cent)

SIP pie in MF AUM clocks fresh highs in February, shows Amfi data

Investors take a shine to the systematic investment route for equity investment