Association of Mutual Funds in India (Amfi) has said the industry is being vilified baselessly as the segment has the lowest customer complaints in the entire financial market space, as it follows the most transparent and disclosure-based reporting. The global funds tracking body Morningstar ranks India on top …
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Mutual fund investors look for schemes that multiply their investments twice or thrice. An ETMutualFunds analysis found that three equity mutual funds turned Rs 1 lakh to Rs 1 crore in 30 years. In other words, If an investor invested a lumpsum amount of Rs 1 lakh at the time …
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A handful of sovereign gold bonds (SGBs) are due for early withdrawal this month. You can prematurely withdraw your sovereign gold bond investment once it completes the fifth year. As gold prices continue to rise above Rs 71,000 per 10 grams, investors can expect attractive returns from their sovereign gold …
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Customers of Shirpur Merchants’ Co-operative Bank in Maharashtra cannot withdraw money from their accounts now after the latest direction of the Reserve Bank of India (RBI). Amid the deteriorating financial condition of the bank, the RBI has imposed several restrictions on Shirpur Merchants’ Co-operative Bank, including withdrawal of funds by …
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3 min read Last Updated : Mar 13 2023 | 4:39 PM IST Mutual funds focussed on investing in fixed-income securities witnessed an outflow of Rs 13,815 crore in February, making it the third month of withdrawals in a row despite expectations that the rate hike cycle was nearing …
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May 05, 2024, 11:36:57 AM IST Around three mutual funds NFOs are set to open for subscription this week, according to data by ACE MF. One NFO will open for subscription on Monday while two NFOs will open later this week. iStock 2/5 Fund houses in focus These three NFOs …
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When many Indians consider investing, one of the first things they think of is gold. Gold has long been a well-liked investment option in India, whether as jewellery that serves as cultural markers and artefacts or as bars and coins for financial protection. The majority of Indians believe that purchasing …
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We attended a close friend’s wedding reception last month. It was a small group of friends, and he and his wife moved around talking with us freely. After the guests left, he told us that his new wife was a courageous woman to have met him on a matchmaking website …
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1 min read Last Updated : Mar 13 2023 | 7:19 PM IST SBI Mutual Fund’s dividend yield fund collected around Rs 3,600 crore during the new fund offering (NFO) period, making it the largest scheme in the category by assets under management (AUM). The fund house recorded …
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May 05, 2024, 10:34:17 AM IST Around 10 equity mutual funds turned Rs 20,000 monthly SIP investments to Rs 1 crore in 10 years, according to data by ACE MF. There were around 96 equity schemes in the market that have completed 10 years of presence. iStock 2/8 Toppers from …
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