The move will allow new fund houses that are especially focusing on passive schemes to float a passively-managed ELSS fund.
In this column, we shall cast a glance at some of the funds on offer in this category for investors and how they have performed over different time frames up to five years.
The bank holds 23% in Canara HSBC OBC Life Insurance and 15% in UTI Mutual Fund.
Two fund managers of Axis MF accused of using inside information for personal gains
The Reserve Bank of India’s out-of-turn move to hike repo rates by 40 basis points could be due to April inflation that may well be above the Central bank’s estimates.
SEBI has ordained that fund houses must remain true to their label by fixing passive breaches in their schemes within 30 days.
The key at this time is to avoid longer tenure products.
In 5 out of 6 funds, the schemes have returned over 100 per cent of the AUM at the time of winding up of the schemes, Franklin Templeton Asset Management (India) Pvt Ltd President Sanjay Sapre said.
Earlier, the MF industry was required to implement the rule from April 1.
The committee can extend the timelines up to 60 business days from the date of completion of mandated rebalancing period.
Tax Loss harvesting is the practice of selling a share that trades below your buy price, so that you can convert the book losses you see into real losses.
Recently I met a couple who wanted to invest in Equity Mutual Funds.
Indian equity investors pumped money into the stock market even as it fell 546 points or 3% in February, shows data from Association of Mutual Funds In India (AMFI).
Debt mutual funds have been down and out for the count with poor returns for not one, but two years now and worse still, no visibility of any revival on the cards.
The regulator has laid down detailed powers and responsibilities of the committee with respect to financial reporting, audit, internal controls, regulatory compliance, and other functions.