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
Old mutual global equity absolute return
"The fund seeks to generate capital appreciation by investing in up to 20 stocks with a flexibility to move across the market capitalisation range. The fund will adopt a high conviction approach to investing with meaningful allocation to each stock idea yet maintaining a balance between conviction and diversification," the company said in a media release. … [Read more...] about Invesco Mutual Fund launches Focused 20 equity fund
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?
Globally, the equity markets are in a free fall and have entered the bear market territory. A bear market is defined as a period in which major stock indices drop by 20% or more from a recent high point and remain that low for at least a few months. … [Read more...] about Chart: DIIs save the day for Indian equities in March as FIIs hit the exit button
In its recent update to investors on the schemes under wind-up, earlier in the day the fund house shared that it had received another Rs 1,498 crore from maturities, pre-payments and coupon payments in two weeks (between August 15, 2020 and August 31, 2020). … [Read more...] about Franklin Templeton Mutual Fund schemes receive Rs 146 crore from Vodafone Idea