The deadline of September 30, 2023, for amending mutual fund (MF) investment nominations is rapidly approaching. However, a sizable portion of investors have not yet finished this important work. A startling 25 lakh Permanent Account Number (PAN) users haven’t changed their nomination information, according to a Moneycontrol investigation. The fact that many of these PAN…
This is a progress report on my 19th-June 2008-started mutual fund investing journey. I’ve gone from being a spendthrift to being in debt to being financially independent over the past three decades – mutual funds. I want to be clear that this is just a personal accomplishment and not some monumental occasion. I am familiar…
Mutual Funds – The benchmark Nifty is trading above the 20,000 mark, and the Indian stock market indices are at all-time highs. Strong local macroeconomic data and encouraging international cues have combined to propel the advance in domestic equities markets. Although the Nifty50 index has gained more than 11% so far in 2023, the midcap…
The fourth Global Fintech Fest was held in Mumbai on September 5, 2023. The chairman of the Securities and Exchange Board of India (SEBI), Madhabi Puri Buch, made an announcement about the development of an artificial intelligence (AI) tool to detect instances of misselling by mutual funds during the event. She stressed that, as reported…
Kenneth Andrade, who was the head of investments at IDFC Mutual Fund from 2005 to 2015, sees this as a kind of homecoming. Old Bridge Capital Management, a portfolio management firm, stated on September 6 that it had gained final permission from the Securities and Exchange Board of India (SEBI) to begin its mutual fund…
Quant Teck Fund, an open-ended equity strategy, was recently launched by Quant Mutual Fund. The scheme’s new fund offer (NFO), which started for subscription on September 22, 2023, will close today, September 5. The scheme’s principal investment goal is to achieve consistent returns by investing in stock and equity-related securities of technology-centric companies. However, there…
Retail investors choose equities plans first, then debt funds, and finally money market plans when it comes to mutual fund investment. Exchange traded funds (ETFs) and fund of funds receive the least contribution from regular investors. Institutional investors, on the other hand, have the exact opposite allocation pattern. Consider this: Retail investors account for 89…
Mutual fund institutions are always coming out with new and innovative fund offer (NFO) plans. There are now 15,14,21,270 mutual fund schemes with approximately 46,27,687.23 crores in assets under administration. The allure of market returns has prompted more investors to choose equity fund schemes over debt schemes that provide stability, albeit at significantly lower yields….
Mutual fund (MF) houses are hard at work introducing new plans in an effort to capitalize on the expanding market. This month, at least six MF houses will close their new fund offerings introduced new fund offerings (NFOs). introduced new fund offerings (NFOs) for Navi S&P BSE Sensex Index Fund, Shriram Multi Asset Allocation Fund,…
PGIM India Mutual Fund proposed scheme mergers would modify several of its core characteristics. As a result, the fund house has given investors an exit option (without an exit load) in conformity with mutual fund laws. PGIM India Mutual Fund has announced the merging of five debt funds.. The PGIM India Short Duration Fund (PSDF)…
