Both routes allow you to transact via the direct plans of mutual funds
The acquisition will mark MFIN's foray into the Rs 26-trillion MF space. George Alexander Muthoot, managing director, MFIN, said
The regulator will also prescribe a formula for profit sharing
The minimum ticket size for investing in AIFs is currently Rs 1 crore and for that in PMS is Rs 25 lakh. Both PMS and AIFs typically charge a fixed as well as variable fee based on the performance
Industry experts said the addition of folios indicates investors' understanding about market risks associated in the mutual fund schemes
Mutual funds have to adhere to restrictions applicable to foreign investment
Fund managers had bought shares worth about Rs 1.12 trillion during January-October 2018, according to the data provided by the Securities and Exchange Board of India
New launches within the passive-fund domain have made it possible to build a complete portfolio out of such products
Investors are chasing good performance and companies which are doing better are being bid up disproportionately
Excluding new fund launches, monthly collection was 19% lower
Fund managers attributed growth in the asset base to higher retail participation and robust inflows in equity schemes and liquid funds
Fund managers say PSUs look attractive as valuations are cheap and possibility of strategic sales offers room for value unlocking
Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities
Yields on debt instruments of Vodafone Idea rise following SC ruling
Analysts say a rate in the dividend distribution tax and buyback tax could fuel further buying by FIIs
According to data from Association of Mutual Funds in India (Amfi), asset allocation categories have seen net outflows of Rs 6,714 crore in the current financial year
Investors have continued to pull out their monies from credit risk funds
Fund managers expect well-managed banks to grab higher market share
On an overall basis, fund houses pumped in Rs 11,000 crore into stocks during the month with the benchmark Nifty ending with 3.6 per cent gain
Currently, mutual funds have 2.84 crore SIP accounts through which investors regularly invest in Indian mutual fund schemes