Diabytes
Mutual Fund News
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The nominees can swiftly access the investment proceeds, which provides them with the financial support they may need in your absence. SEBI has also made it mandatory to add a nominee to all mutual fund accounts.
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Taking to X, CA Nitin Kaushik has said that if people follow a certain financial freedom blueprint, they can build over Rs 1 crore and beyond, even when starting from scratch without any inheritance or fancy job.
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Radhika Gupta is India’s only female head of a major asset manager.
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Although starting early always has its benefits, one should, however not refrain from investing in future plans, thinking they haven't started early.
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A Redditor has shared in a post that his uncle retired at 45 with a bank balance of Rs 4.7 crore without inveting in any conventional instrument considered a couple of years ago.
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The increase in AUM was supported by mark-to-market (MTM) gains and steady inflows throughout the year.
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The collaboration will leverage India Post’s extensive network to provide doorstep KYC verification services for investors of SBI Mutual Fund.
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In March alone, SIP inflows hit Rs 25,926 crore, contributing to the mutual fund industry's AUM rising to a historic high of Rs 65.74 lakh crore -- a jump from Rs 64.53 lakh crore in February.
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This marks an increase from Rs 64.53 lakh crore in February. Equity AUM saw a healthy jump of 7.6 per cent, increasing from Rs 27.4 lakh crore in February to Rs 29.5 lakh crore in March.
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Meanwhile, in the last week, the Indian stock markets remained largely range-bound, ending slightly lower amid mixed global cues and investor caution.
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The report highlighted that over the past 25 years, gold has provided an annual return of 12.55 per cent, while the BSE Sensex has delivered 10.73 per cent.At first glance, gold seems to have outperformed.
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The dip in inflows coincided with a weak performance in the stock market, as the BSE Sensex fell by 1.28 per cent and the Nifty dropped 0.99 per cent in January.
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Despite ongoing volatility in the stock market, assets under management (AUM) for all open-ended schemes grew marginally by 0.49 per cent to reach Rs 66.98 lakh crore from Rs 66.66 lakh crore in the previous month.
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The SIP contribution during the last month stood at Rs 26,459 crore compared to 25,320 crore in November.
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The number of SIP accounts stood at its highest ever at 10.22 crore in November, from 10.12 crore in October, as per the AMFI data.
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The fund's NFO opened for subscriptions on November 28 and is set to close on December 12, 2024. The subscriptions will re-open within 5 business days from allotment.
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This also marks the 44th consecutive month of net inflow in the equity-oriented funds, highlighting the ever-increasing appeal of mutual funds among investors, data with the Association of Mutual Funds in India (AMFI) showed on Monday.
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From April to August 2024, the growth rate in the SIP accounts in smaller cities for index funds (18.7 per cent) is higher than the growth rate of any other category in the industry.
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According to the markets regulator, the new asset class is intended to bridge the gap between Mutual Funds and Portfolio Management Services in terms of flexibility in portfolio construction.
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