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
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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?
A focused fund comes with a concentrated portfolio of stocks. A fund manager is required to take high-conviction calls to outperform with a small set of stocks. In a typical focused fund, a high-conviction stock bet can be 5-10 per cent of the scheme’s corpus. If such stock bets do well, it can translate to sharp returns for investors. … [Read more...] about Invesco India Focused 20 Equity NFO: Should you invest?
The latter is a multi-factor ETF, tracking the Nifty Alpha Low Volatility 30 Index. The index consists of 30 stocks that are selected through a rule-based system. Such rule-based ETFs are known as smart-beta products. Fund houses now work closely with index manufacturers too, to incorporate rules that decide inclusions and exclusions. … [Read more...] about Investors take to ETFs as fund houses serve a wider spread
Physical gold: Buying jewellery and gold coins is still one of the most popular modes of investing in gold. But holding gold in physical forms comes with two main disadvantages. Apart from the additional cost incurred for safekeeping, buying physical gold also comes with purity-related concerns. Additionally, one may also face challenges in accessing physical gold stored in bank lockers or selling it during a political turmoil or natural disaster. … [Read more...] about What’s the best way to invest in gold now?