1 vote
Public sector mutual funds, once dominant players in the industry, have gradually ceded market share to the private sector, a report by CII-KPMG said. Public sector mutual funds comprised 21 per cent of Assets Under Management (AUM) in 2009 against 72 per cent of the AUM in 2001, the report said.
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1 vote
I started investing in mutual funds five years ago. Over time, I made several changes in my portfolio, guided solely by neighbourhood advisors. However, except for a 25 per cent gain made in the first two years, I am going nowhere. How can I go about setting things right? I am 60 and retired, my risk appetite is low-medium, and I need an income of Rs 40,000 per month to retain my current lifestyle.
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1 vote
I had invested Rs 25,000 each in HDFC Top 200, HSBC Equity, Reliance Growth and Magnum Taxgain in April 2009. At the time of investment, all these funds were 5-star rated, but now I notice their ratings have come down to 4-star. Have I chosen the correct funds? And, should I remain invested or withdraw? Also, please guide me where I should invest Rs 2-3 lakh for a period of around three years.
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1 vote
Entry load abolition throws up new issues for investors.
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1 vote
With credit off-take at an all-time low, banks are staying invested in liquid mutual fund instruments even as the quarter draws to a close.
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1 vote
Mutual funds (MFs) stepped up purchases of one-year certificates of deposit (CDs) today due to inflows in their liquid plus schemes, dealers said.
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1 vote
The decision to remove the entry load had come on June 18, while the NFO of Reliance Infrastructure Fund was still on. However, this decision will be effective from August 1. So, Reliance Infrastructure's NFO was not bound by this ruling. NFOs coming on or after August 1 will not charge any entry load.
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1 vote
The month of June has been an average one for mutual fund (MF) investors, but the quarter April to June as a whole has more than made up for the lag, with a historically best performance.
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1 vote
Average AUMs went up by 5 per cent as compared to 16 per cent in May.
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1 vote
Sivakumar K is a 33-year old IT professional with two dependents, a wife and a baby less than a year old.
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1 vote
Fund houses and distributors are increasingly using technology to expand their networks. Market experts said a number of players were keenly looking at low-cost methods to extend their reach after the Securities and Exchange Board of India banned charging of entry load on mutual fund investments.
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1 vote
The scenario has changed for the worse with fiscal deficit forecast of 6.8 %.
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1 vote
Deal values the fund house at Rs 800 crore.
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1 vote
From topping the charts in 1999, it hit rock bottom in the next three years.Going by its five-year annualised return of 26 per cent (June 30, 2009), it still has a lot going for it.
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1 vote
I wish to invest my surplus money in mutual funds to generate better returns than bank fixed deposits. I have been parking my surplus money into the weekly dividend option of HDFC Cash Management Treasury Advantage Fund. I chose this option because the dividend income is tax-free in my hands. But this fund's returns have fallen in recent times. Please suggest a good option that will give me optimum returns.
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