Tired of filling several application forms to invest in different mutual fund schemes? Wait till March 2010, and youll just click this cumbersome process away.
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The countrys five largest asset management companies have reported a sharp increase in their average assets under management (AAUM) during August.
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It started as a middle-of-the-road performer and began to take on the competition from 2006. Savvy sector selection is the primary reason for its above-average returns.
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I am running SIPs of Rs 2,000 each in HDFC Top 200, Kotak 30 and Reliance Growth. These are meant for my grandchildren. The time horizon for this investment is 15 years.
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I want to start a SIP (Systematic Investment Plan) in a good debt fund which has given more than 10 per cent returns in the past one year. Please suggest.
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The untimely death of the family bread-winner puts other members in a financially insecure position. Here's a look at how a fixed income can be earned for the others to live in peace.
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There are a number of things to check to avoid losses.
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Domestic mutual funds (MFs) invested Rs 5,548 crore ($1.14 billion) in oil & gas, metals, power, auto and information technology stocks in July, according to a report by Mumbai-based brokerage house Net Worth Stock Broking.
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Birla Sun Life Mutual Fund expects to see a 40 per cent increase in its assets under management (AUM) in the current financial year. In FY09, the company saw a 46 per cent rise in its AUM to Rs 47,096 crore. I am giving a very conservative number right now, but this is what we expect we will achieve this fiscal.
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In its first year, the fund failed to beat either the category average or its benchmark. For the next two years, it remained a category underperformer.
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Please suggest some debt-oriented mutual funds that qualify as tax saving schemes. I am looking for a low-risk scheme which can give around 12 per cent tax-free returns.
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UTI Mutual Fund would revise the exit load for 18 schemes from Monday, the fund house said on Friday, amending the schemes offer document.
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Mutual funds purchased short-term money market instruments today on view that rates could fall next week in the wake of persistent ample liquidity in the banking system, dealers said.
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The mutual fund industrys assets continued to grow in June. The average assets under management grew (AAUM) from Rs 639,129.81 crore to Rs 670993.13 crore, a rise of 5 per cent, or Rs 31,863.32 crore.
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Even education, financial services stocks are part of infrastructure funds.
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