Edelweiss Asset Management to enhance presence in North
"We are very excited for the possibilities arising in this region, as this is our first office in Chandigarh and third office in north India," Radhika Gupta, CEO, Edelweiss Asset Management Ltd. said.
View ArticlePPFAS Mutual Fund plans to come out with liquid fund, ELSS
We are contemplating to come out with a liquid fund and an ELSS in the near future, said PPFAS MF chief executive Neil Parag Parikh PPFAS MF chief executive Neil Parag Parikh .
View ArticleEquity mutual funds inflow hit nearly 2-year high of Rs 10,790 crore in May
The strong inflows have pushed the asset base of equity mutual funds (MFs) by 2.6 per cent in May from the preceding month.
View ArticleET in the classroom: Ultra Short term funds
Ultra short term funds are a category of debt funds that invest in commercial paper, treasury bills, certificate of deposit and corporate paper with average maturity more than 91 days.
View ArticleMonthly /quarterly dividends, rising investor interest in MFs drive surge in...
Bank deposit rates are falling, performance from real estate and gold have been poor, and past returns from the balanced fund category is good, which has driven investors to such funds.
View ArticleET in the classroom: New Fund Offer from a mutual fund
NFOs could be for close end/open end debt funds, fixed maturity plans, hybrid funds or equity.
View ArticleSIPs: Non-metros clock better growth than top 15 cities
The industry collected Rs 4,3921 crore through SIPs in fiscal 2017, equivalent to almost 50 per cent of the net flows in equity funds for the year.
View ArticleMFs AUM slips 40 bps in June to Rs 18.96 trillion on high redemption
Since April 2016, net inflows into the balanced category was at Rs 58,867 crore as investors seem to prefer it for higher risk adjusted returns.
View ArticleFund houses launch close end funds to woo investors
Kotak Mutual Fund and L&T Mutual Fund launched the fund offering recently, while Edelweiss Asset Management's scheme will open later this week.
View ArticleET in the classroom: Mutual Funds New Fund Offers
IPOs are often issued by companies seeking capital to expand, but can also be done by large privately-owned companies looking to become publicly traded.
View ArticleMutual funds add Rs 1.06 lakh crore in January
Investors continued to pour money with retail oriented equity schemes getting Rs 23,055 crore, a bit lower than the peak of Rs 28,145 crore of August 2017.
View ArticlePML rules: BSE asks MF investors to submit PAN, Aadhaar by March
This follows the government's amending in June the Prevention of Money Laundering (Maintenance of Records) Rules with regard to collection of Aadhaar from clients.
View ArticleET in the classroom: Tax on dividend in equity-oriented MF
Once the budget is passed in parliament, from April 1, fund houses will deduct a 10% dividend distribution tax and pay the investor.
View ArticleLikely credit downgrade to spell loss for MF investors
Emails sent to some fund houses did not elicit response, although several fund managers, speaking on conditions of anonymity, acknowledged more intense rating scrutiny of the public sector lender.
View ArticleSIPs in July stay at Rs 7554 crore
Retail flow continues in equity mutual funds and investors have understood that this is a way to average out the market volatility while investing.
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