February 11, 2020 3:19 pm
"Both DDT and new income tax proposals will not have any adverse impact on the mutual fund industry," Franklin Templeton India director (sales) Peshotan Dastoor said.
January 16, 2020 5:55 pm
In its Budget proposals to the Finance Ministry, the industry body has also demanded that the government recognise mutual funds (MFs) as specified long-term assets, qualifying for Long-Term Capital Gains (LTCG), as well as bring ULIPs of life insurance companies and equity MF schemes on par.
January 10, 2020 2:09 pm
In 2019, tax-saving mutual fund schemes performed better than crowd favourites like PPF. It’s a good time to consider including them in your portfolio.
January 09, 2020 1:23 am
While fund managers attributed the drop in the asset base to outflow of Rs 78,426 crore from debt-oriented schemes, equity funds witnessed a rise in inflows on a month-on-month basis and a decline on a year-on-year basis.
December 25, 2019 2:20 pm
Going ahead, the industry should witness growth in the range of 17-18 per cent in 2020 and equity funds should see robust inflows as expectations are high about improved equity markets and a revival in economic growth, industry body AMFI's CEO N S Venkatesh said.
December 24, 2019 6:11 pm
Sebi said instances have come to light where client's funds and securities were diverted by trading or clearing member towards margin obligations or settlement obligations of itself or for some third party or for raising loan against shares on its own account.
December 10, 2019 1:18 am
The mutual fund industry saw its assets base cross the Rs 27 lakh crore-mark in November-end, on the back of inflows in debt-oriented schemes including banking and PSU funds, which have a high allocation to highest rated bonds.
December 09, 2019 5:36 pm
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October.
November 13, 2019 1:53 pm
Everything that was bought and sold in the month of October by HDFC Mutual Fund, ICICI Prudential Mutual Fund and SBI Funds Management.
November 12, 2019 4:39 am
While the amount has reduced, the percentage share also fell from 19 per cent in July 2018 to 12.8 per cent in October 2019, a Care Ratings report said.