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MUTUAL FUNDS NEWS
Retail folios in index funds grow 12-fold since March 2020: Zerodha Fund House
Sat, Jul 27, 2024     Source : Mint
The total number of retail folios in index funds has skyrocketed nearly 12x, growing from 4.95 lakh in March 2020 to an impressive 59.37 lakh by Dec 2023, highlighted a Zerodha Fund House report.
MUTUAL FUNDS NEWS
Mirae Asset Mutual Fund lifts restrictions from large and midcap fund
Sat, Jul 27, 2024     Source : Business Standard
The fund house cited a surge in investment opportunities as the reason behind the decision
MUTUAL FUNDS NEWS
How schemes of Quant Mutual Fund have performed after one month of Sebi’s raid
Sat, Jul 27, 2024     Source : Economic Times
Mutual fund investors were left shocked when it was reported that Sebi has conducted raids at Quant Mutual Fund offices in a suspected case of front running.
MUTUAL FUNDS NEWS
Budget 2024 decoded: Wealth managers now back global MFs
Fri, Jul 26, 2024     Source : Economic Times
Mutual fund schemes that invest in overseas equities are back on wealth managers' radar after the government's proposal in the budget to ease long-term capital gains tax for these products.
MUTUAL FUNDS NEWS
Bajaj Finserv MF launches largecap fund; Greatdeal settles case with Sebi
Fri, Jul 26, 2024     Source : Business Standard
Sebi proposed guidelines for CRAs to include detailed reasons for rating actions, especially in cases of default and upgrades of default ratings
MUTUAL FUNDS NEWS
Edelweiss Business Cycle Fund garners Rs 1,800 cr in NFO
Fri, Jul 26, 2024     Source : Economic Times
Edelweiss Asset Management Ltd on Thursday said it has garnered over Rs 1,800 crore during the new fund offering (NFO) of its Business Cycle Fund. Edelweiss Business Cycle Fund, an open-ended equity scheme...
MUTUAL FUNDS NEWS
No relief in Budget leaves Bharat Bond ETF investors dejected
Fri, Jul 26, 2024     Source : Business Line
Expectation was high for reintroduction of indexation benefits removed last year
MUTUAL FUNDS NEWS
Budget 2024: S Naren on India's fiscal prudence and market implications
Thu, Jul 25, 2024     Source : Economic Times
See, in a country like India which is not a rich country, you have to continuously find avenues to tax and you have to use the tax revenues in the right way and continue the growth momentum and you have to...
MUTUAL FUNDS NEWS
Investors hold on to gold ETFs even as prices slump after custom duty cut
Thu, Jul 25, 2024     Source : Business Standard
Adjusted for fall in NAV, AUM of gold ETFs remain unaffected
MUTUAL FUNDS NEWS
Gold funds, international funds, FoF to benefit from Budget
Thu, Jul 25, 2024     Source : Economic Times
Post the change in long-term tax of gold funds (index fund or ETF), international funds, and fund of funds, Edelweiss Mutual Fund CEO, Radhika Gupta suggested to investors that these funds can get a materi...
MUTUAL FUNDS NEWS
Trinity of impossible? Budget 2024 achieves fiscal prudence, investment & consumption boost: Nilesh Shah
Wed, Jul 24, 2024     Source : Economic Times
Nilesh Shah, MD, Kotak AMC, says Budget 2024 is like Suryakumar Yadav’s catch in the last cricket T-20 World Cup.
MUTUAL FUNDS NEWS
Avoiding active funds? Here’s how to build an all-passive mutual funds portfolio
Wed, Jul 24, 2024     Source : Mint
Passive investing in India is gaining momentum, particularly with the proliferation of index funds across market segments like large-cap, mid-cap, and small-cap.
MUTUAL FUNDS NEWS
Budget 2024: Budget’s fiscal path makes gilt mutual funds attractive for investors
Wed, Jul 24, 2024     Source : Business Line
Yields on G-secs across longer tenors were trending down earlier and may soften further
MUTUAL FUNDS NEWS
Union Budget 2024: 20% TDS on repurchase by mutual funds and UTI withdrawn
Wed, Jul 24, 2024     Source : Economic Times
Finance Minister Nirmala Sitharaman on Tuesday announced that 20% TDS rate on repurchase by mutual funds and UTI has been withdrawn.
MUTUAL FUNDS NEWS
These mutual fund investors will benefit if FM Nirmala Sitharaman raises Section 80C limit
Wed, Jul 24, 2024     Source : Mint
Finance Minister Nirmala Sitharaman will present the Budget 2024 on July 23. ELSS MF investors will benefit if the Section 80C limit is raised
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