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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1 vote
UTI Asset Management Company (UTI AMC), the countrys oldest mutual fund, is on the lookout for another foreign partner to float its first-ever infrastructure focused private equity fund.
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1 vote
In the past ten days, a number of fund houses have hiked exit loads in their equity and debt schemes.
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1 vote
Sources close to the development told Business Standard that the state-owned insurer would invest about Rs 20,000 crore in MFs and disburse project loans worth Rs 3,000-5,000 crore. The investment under these two heads could be up to 20 per cent higher than last years Rs 20,600 crore.
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1 vote
After three months of outflows, gold exchange-traded funds (ETFs) saw net inflows in May, primarily due to the decline in gold prices. According to data from the Association of Mutual Funds in India (Amfi), gold ETFs witnessed net inflows of Rs 113 crore.
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1 vote
Funds will have to launch products tailor-made for semi-urban, rural markets.
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1 vote
I am a 65-year-old retired engineer and live with my wife, 58. Both my children are married and well-settled. My wife and I have a mediclaim policy of base value Rs 1 lakh each (now approximately Rs 1.5 lakh). We would like to be financially independent all our lives. Advise me as to any change required in my financial plan, particularly with regard to regular investment in mutual funds.
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1 vote
I would like to invest in gold via Systematic Invest Plan (SIP ). Please name some schemes.
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1 vote
Credit growth is still subdued while deposits are growing at a much faster pace.
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1 vote
Domestic mutual funds booked Rs 12,639 crore profit in the first half of the financial year by selling equity.
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1 vote
Axis Mutual Fund, one of the recent entrants in the mutual fund industry, may launch an off- shore fund in the next six-eight months.
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1 vote
Market volatility has hit equity schemes of domestic mutual funds. The category has seen the highest monthly redemption so far in the current financial year in October, with net outflow crossing Rs 2,100 crore.
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1 vote
Demand from mutual funds (MFs) continued to fall today as the rates on short-term money market instruments stayed low, dealers said.
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1 vote
Though not a stellar performer, it has impressed. In the first year of its launch (2005), it underperformed in all the three quarters it completed. Since then, it has managed to beat the annual category average every year, with its best performance in 2006, when it returned 60.3 per cent (category average: 54.2 per cent).
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1 vote
I want to start a Systematic Investment Plan (SIP). I wish to start by investing Rs 2,500-3,000 a month for the next 20 years and I am open to equity funds, too. Please advice about some good schemes I should invest in and how I should balance my portfolio by investing in more than one scheme.
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