Fixed deposit (FC) rates registered a steady dip ever since the MPC started rate-easing cycle at its February meet. The latest 50 bps cut in repo rate and easing liquidity conditions should lead banks to cut FD rates more. This may push fixed income investors towards debt mutual funds to benefit from easing rate cycles. […]
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Representative image. | Photo Credit: lakshmiprasad S Mutual fund houses are re-opening their international funds for investment due to the potential loss of long-term capital gains tax benefits if invested after the end of March. Edelweiss has re-opened seven of its international funds for investment. The fund house had suspended fresh investments in these schemes […]
Continue ReadingPhoto used for representational purpose only. File | Photo Credit: Special Arrangement Existing mutual fund investors have time till March 31 to nominate a beneficiary or opt out of it by submitting a declaration form, failing which their folios will be frozen, and they will not be able to redeem investment. The Securities and Exchange […]
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Quant Mutual Fund, which had just this Thursday introduced a new fund offer (NFO) for a Dynamic Asset Allocation Fund (DAAF) that would invest a minimum of 65% in equities and up to 35% in debt, has been compelled to change tack almost overnight due to the changes brought to debt funds’ taxation. “The fund […]
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Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during Budget Session of Parliament, in New Delhi on March 24, 2023. | Photo Credit: PTI The Finance Bill 2023 was been passed in Lok Sabha without a discussion and the House was adjourned to meet again on March 27. Moving amendments to the Finance […]
Continue ReadingGovt. to remove tax benefits on mutual funds with less than 35% investment. Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government is likely to make […]
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Retail investors’ interest in the Indian mutual fund industry has seen an uptick with the value of assets held by them witnessing a rise of 9.3% to ₹23.4 lakh crore in January this year. In comparison, the value of assets held by retail investors in mutual funds stood at ₹21.40 lakh crore in January 2022, […]
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Representational image of Securities and Exchange Board of India (SEBI) headquarters in Mumbai | Photo Credit: Reuters Capital markets regulator SEBI has proposed allowing mutual funds to introduce five new categories under ESG (environmental, social and governance) scheme. The five new categories should be exclusions, integration, best-in-class and positive screening, impact investing and sustainable objectives. […]
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N.S .Venkatesh, Chief Executive, Association of Mutual Funds in India addresses the 14th Mutual Fund Summit 2022’ in Kolkata, on December 10, 2022. | Photo Credit: PTI The aim of doubling the asset under management to ₹80 lakh crore can be met earlier than the targeted year of 2027, if the mutual fund sector is […]
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Driven by inflows into Systematic Investment Plans (SIPs), the mutual fund industry’s total assets under management rose to ₹39.88 lakh crore in September from ₹36.73 lakh crore a year earlier. On a monthly basis, the assets under management (AUM) increased marginally from ₹39.33 lakh crore in August. According to the latest monthly data from the […]
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