Moneycontrol’s takeYou could just as well plan for your child’s future through an existing and even an open-ended fund that comes with a track record.SBI’s fund will now have two variants – equity and debt-oriented – just like most other children-focused mutual fund schemes. It also aims to benefit from investing across asset classes; a strategy that has proved beneficial in recent times. Of course, the scheme is meant for a child’s financial planning and comes with a five year lock-in. Investors can give the new scheme a miss. Instead, the fund house’s other existing open-ended schemes may help reach your financial goals. … [Read more...] about SBI Magnum Children’s Benefit Fund (Investment Plan) NFO: Should you invest?
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The Reliance arm is India’s biggest brick-and-mortar retail business and its footprint spans across 11,806 retail stores in over 7,000 towns with 28.7 million sq ft of retail space. Reliance Retail, founded in 2006, said in end August that it would buy the retail and logistics businesses of Kishore Biyani’s Future Group in a deal valued at $3.38 billion, including debt. … [Read more...] about PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore
Fund houses say that that Nifty-linked ETFs have gained traction in recent months. “The Nifty index has top-50 companies in India. If these companies cannot survive the economic uncertainty, then who will. We have seen lot of money coming into ETFs in last couple of months and new set of investors coming in,” Jain added. … [Read more...] about Investors take to ETFs as fund houses serve a wider spread
Where do you see opportunities on the long-end of the yield curve?The yield curve is so steep that the spread between the one-year Treasury bill and seven-year government bond is roughly 250 basis points. This allows for a reasonable excess return over the one-year Treasury bill, if yields are in a range. Even accounting for minor mark-to-market fluctuations, it is a good carry-adjusted duration trade if one is positioned at the right points on the yield curve. Simply put, carry is income accrual from yields. … [Read more...] about Gilt fund investors must have a horizon of more than 3 years: IDFC MF
The silver lining is that the mutual fund industry added 11.16 lakh new SIP accounts in August. Almost equal additions were made in the month of July as well. Currently, mutual funds have about 3.30 crore SIP folios through which investors regularly invest in schemes. … [Read more...] about Mutual funds managed 3.30 crore SIP accounts as on August 31; inflows fall a tad