Mutual funds

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

About 80% PMS schemes outperformed Nifty in August, rise up to 25% MoM Societe Generale buys 0.7% stake in Strides Pharma, Mayfield XII Mauritius offloads 4.8% shares in Tejas Networks Route Mobile mops up Rs 180 crore from 15 anchor investors ahead of IPO … [Read more...] about Invesco Mutual Fund launches Focused 20 equity fund

“The research team works closely with fund houses to create short explainers. Then, either me or Gaurav explain these products through short videos in a language our target customers can understand. This has been a big hit among our advisors,” said Kothari. … [Read more...] about A former Policybazaar executive’s startup shows how mutual funds can be sold successfully in rural India

Four of the six FT MF schemes have turned cash positive. These include Franklin India Ultra Short Bond Fund (cash holding of 31 per cent), Franklin India Dynamic Accrual Plan (14 per cent), Franklin India Low Duration Fund (five per cent) and Franklin India Credit Risk Fund (1 percent). … [Read more...] about Franklin Templeton Mutual Fund schemes receive Rs 146 crore from Vodafone Idea

The Securities and Exchange Board of India (Sebi) on September 13 clarified that multi-cap schemes need not necessarily churn their portfolios by selling largecap stocks or buying smallcaps in multi-cap schemes to meet the new norms, but can also exercise options such as merging schemes with largecap funds, re-positioning them as large- and midcap schemes, or facilitating unitholders' switch to another scheme. … [Read more...] about Sebi says mutual funds can merge multi-cap schemes, or re-position under different category