Parents can start investing for these long-term goals immediately after childbirth. They can do so using their own bank accounts or start a new one for the child. These days, many parents prefer to open separate accounts for their children and invest in them—investments that can be accessed by the children after they turn 18 …
The frenzy must have been witnessed in other parts of the country as well, says Kumar. According to a news report later, ‘Master Gain 92’ debuted with 6.5 million investors, a record for any equity fund. Kumar says he has never seen such euphoria around mutual funds since. And other industry veterans concur. The mutual …
At first, Lal tried to open an account with, INDmoney, an app that facilitates people’s journey in investing. Lal was flummoxed when INDmoney asked him to open both a demat account and a SBM Bank account. A demat account is mandatory for trading in stocks. It is not so for MFs. You can invest in …
Equity mutual funds inflows surged to ₹20,245 crore in August, the Association of Mutual Funds in India (Amfi) data showed. Investors poured in a record ₹15,813 crore in August through systematic investment plans (SIP) last month. What factors have contributed to the surge in net inflows for equity mutual funds? Decoding the reasons behind the …
Is there a simple way to invest in Nifty Next 100 and Nifty Microcap 250 companies? Please suggest some ETFs (exchange traded funds) or mutual funds investing in these indexes. —V Muralidhar Naidu At present, there are prominent ETFs offered by mutual funds that invest passively in Nifty Next 50 Index, which are Nifty 100 …
Customized products In the current financial landscape, a diverse array of lending options is available to investors, ranging from traditional banks to innovative fintech platforms. The latter includes VoltMoney, DhanLAP, AbhiLoans, Mirae Asset Financial Services, and Bajaj Finserv. All of them have varying loan-to-value ratios. The interest rates too vary, with most banks offering loans …
In May 2022, the asset management company (AMC) sacked its chief dealer Viren Joshi, for suspected front-running. Market regulator Sebi, in February this year, restrained Joshi and 20 entities from accessing the capital markets. Front-running refers to individuals aware of upcoming large trades putting their own order first so as to profit when the large …
The flow of investments into equity mutual funds has slowed down to ₹7,625 in July from ₹8,367 crore the previous month, according to data from the Association of Mutual Funds of India. It is in this context that Swarup Mohanty, chief executive and director of Mirae Asset Investment Managers, shared some interesting insights on the …
Ashish Gupta, chief investment officer of Axis Mutual Fund, said the mutual fund industry in India, which currently has assets under management (AUM) of ₹46 trillion, is growing rapidly and it will get the next ₹40 trillion in just five years. Gupta said the industry has been doubling its AUM roughly every five years since …
Very often, investors choose a fund based on somebody’s recommendation but later find that it doesn’t live up to their expectations and wonder if they should exit it. So, what is the criteria for selecting the right kind of products? Most investors gather information from websites, newspapers, TV and find that certain investments have done …