Any type of financial investment needs proper planning and ELSS (Equity Linked Savings Scheme) investments are no different. The ELSS is considered by many as one of the top tax saving investment options due to its short lock-in period and potentially high ROI. As per historical records, ELSS tax saver mutual funds have outperformed every […]
Reliance Mutual Funds, the mutual funds arm of the Reliance Group of Industries, has announced dividend in the Reliance Corporate Bond in both the regular as well as the direct plan dividend option. The dividend is being provided according to the Rs. 10 face value on each bond unit at the rate of 1.6956 for […]
As more and more banks provide lower rates of return on FDs and savings accounts, mutual funds emerged as a preferred investment route for investors from various walks of life. In fact, the reach of mutual funds in India has now moved beyond just the larger cities and has now moved on to even the […]
DSP BlackRock Mutual Fund Investment Managers, one of India’s leading asset management companies, has introduced the DSP BlackRock Nifty 50 Fund, according to an Economic Times (ET) report. This is the first passively managed fund introduced by the AMC and would feature investments with equal-weightage variation of the Nifty 50 Index. The new scheme […]
ICICI Prudential Mutual Fund has revised the maximum investment amount permissible for an investor for two fund schemes. The fund house has issued a notice according to which an investor is allowed to invest a maximum amount of Rs. 50 crore in ICICI Prudential Regular Savings Fund and Rs. 100 crore in ICICI Corporate […]
The Securities and Exchange Board of India (SEBI) has approved the proposal to create a ‘side pocket’ for mutual funds. This feature will be exclusive to debt mutual funds. The following are key details regarding how the “side-pocketing” mechanism works in mutual funds. What is a Side Pocket? A ‘side pocket’ allows managers of debt…
Axis AMC (Asset Management Company) has begun 2019 on a high note indeed! With a slew of funds outperforming their peers across multiple categories over the past couple of years, this fund house has seen a surge in investor interest and this seems all set to continue. While smart money does caution investors to diversify…
