NFO for Navi Nifty 50 Index Fund opens July 3; scheme will have expense ratio of just 0.06% under the direct plan and 0.26% under regular plan which is bought through an intermediary
In a 100-page order, Sebi has rapped the fund house for "several irregularities" in the running of its six debt schemes that were wound up in April 2020
Some themes aggressively pursued by fund houses include environmental, social and governance (ESG), international funds, and other innovative ETFs in the equity, as well as debt segments
Select a debt fund whose average duration is lower than the investment horizon
Taking excess credit during ITR filing could lead to notice from tax dept
Category now second biggest after large-cap funds
ESG or sustainable Environmental, Social and Governance investment has grown exponentially in recent times
Elara India Opportunities Fund, Albula Investment, APMS Investment and Cresta Fund have investment in a number of domestically listed firms besides the Adani group firms
The Kudva family finds itself in an unfortunate position. But professionals have been forewarned after this incident
These funds select stocks by applying quantitative parameters or filters
These are for long-term wealth; dynamic funds protect downside risk better
SEBI barred Franklin from launching any new debt schemes for two years after a probe into its sudden closure of six credit funds last year found serious lapses and violations
Says current NAV of each of the six schemes is higher than on April 23, 2020, the AUM on which date was considered while returning amounts to unitholders
All schemes were holding highly illiquid and large portions of low-rated securities. As a result, the fund house had challenges meeting the redemption requests
This was way higher than Rs 3,437 crore net inflow seen in April and Rs 9,115 crore in March, Amfi data showed on Wednesday
Shares of HDFC Asset Management Company (AMC) rose as much as 3.4 per cent, while those of UTI AMC and Nippon Life India AMC gained about 1.83 per cent and 1.33 per cent, respectively, on Tuesday
BSE StAR MF, India's largest mutual funds distributor platform, has signed a memorandum of understanding with Godavari Urban Multi State Credit Co-Op Society Ltd (GUMCCSL) at Nanded
Earlier limit was $600 mn; overall industry limit of $7 billion
Markets believe growth will revive in the latter half of FY22, says executive.
The category is volatile; take limited exposure to funds with quality portfolios