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UTI Mutual Funds, one of the largest fund houses in India, has announced the launch of a new mutual fund scheme, the UTI Family (Father and Mother I Love You). This scheme is specifically targeted at senior citizens across India allowing the children of such individuals to make investments on their behalf in lieu of […]
Most parents complain about how expensive everything is nowadays and how much cheaper basic necessities were back in the day. Inflation has indeed pushed up the cost of everything ranging from fuel to food. With expenses having risen by leaps and bounds in the past couple of decades, it is only natural that individual savings […]
As the new calendar year approaches, tax season is almost upon us and the mad scramble to make investments is all set to begin. Keeping this in mind, many leading fund houses have introduced their new fund offerings, a majority of which feature initial offerings that are set to close by end of December 2016. […]
If you are the type of investor who parks surplus money into fixed deposits (FDs) and small saving schemes (public provident fund, national savings certificate and senior citizen saving schemes), you might be worried because of the declining interest rates. This year alone, the Reserve Bank of India has cut the repo rate by 1.25% […]
Gold has been considered as a precious metal since the start of human civilization. It is used in ornaments, as well as an asset or investment by some to be passed over to next generations. It also provides a sense of security, especially at the time of financial crisis. We may choose to invest in […]
The Securities and Exchange Board of India (SEBI), India’s regulator for markets, is expected to allow digital wallets to process mutual fund investments of up to Rs. 50,000. This would definitely make it easier for investors especially the younger ones to benefit from these investment opportunities. If SEBI does decide in favour of this move, […]
The continued popularity of mutual funds among retail investors has increased the number of mutual fund folios across all fund houses in India to the record high level of 5.8 crores. This data recorded by the Securities and Exchange Board of India (SEBI) in June 2017 indicates a growth in the number of folios by an […]
An advisory panel of the Securities and Exchange Board of India (SEBI), India’s securities market watchdog, has recommended stricter definitions of mutual funds. The implementation of these proposed changes may reduce the total number of fund schemes available in India by as much as 50%. A final decision regarding this advisory panel recommendation is expected […]
What Should You Do When Mutual Funds Underperform? Most of us invest in mutual funds because it generates higher returns vis-à-vis other products such as fixed deposits and at the same time, is more secure when compared to directly investing in equities through stock markets. However, funds may often fail to achieve this basic objective […]
Edelweiss Asset Management Ltd. announced on Tuesday its decision to acquire the mutual fund business of JPMorgan Asset Management India Pvt. Ltd. (JPMAM). Although Edelweiss Asset Management did not disclose the cost of acquisition, it said that the deal is in line with the recent acquisitions in the mutual fund industry. However, the deal is subject to […]