Tata Mutual Fund has launched another exchange-traded fund, Tata Nifty Private Bank Exchange Traded Fund (TNPBETF), after Tata Nifty Exchange Traded Fund. TNPBETF being an open-ended ETF is a passively managed fund that will replicate its benchmark index, i.e. the Nifty Private Bank Index. Usually, an ETF provides an opportunity to invest across the entire…
Sundaram Equity Fund (SEF) launched from the stable of Sundaram Mutual Fund, is a multi-cap fund that will invest predominantly across market cap segments (i.e. large-cap, mid-cap and small-cap). The fund house believes that multi-cap funds are suitable for any market conditions when there is no clear direction of movement of any particular market cap…
Every year on 15 August, India commemorates the day of our nation’s independence from British rule in 1947. This 73rd Independence Day is special as the age-old dispute over Jammu & Kashmir has been finally settled to include it in our country. With the decision to revoke Article 370, even the valley of Kashmir has been liberated…
In an endeavour to achieve higher returns on their investments with less risk involved, investors are constantly in search of different investment options. Initially, investors (especially the risk-averse ones) put their money on debt instruments until the mayhem of corporations defaulting to repay fiasco happened. Already the finance industry is experiencing a lot of volatility…
The SEBI has decided to take matters more seriously in the interest of investors. It has pulled out 23 irregularities of Mutual Funds. SEBI sent a letter notifying the Association of Mutual Funds in India (AMFI) about the irregular practices of mutual funds that the inspection team observed for a period, from April 01, 2016 to…
The recent demise of an uncle made me think about what happens to the investments, property, etc., once a person passes away. How is it transferred to the nominee/legal heir? How can a person claim if there isn’t a nominee appointed? I had a discussion with my senior colleagues and the following points explain how…
Considering, the bears trying to take the reign of the equity market, with most of it is struggling and is down by approximately 30-60 percentage. Allocating funds to a single segment of the market can prove to be detrimental. Hence, it makes sense to create a fund that offers flexibility to move across market cap…
Axis Mutual Fund, has launched an open-ended debt scheme, Axis Money Market Fund (AMMF), that will invest in money market instruments predominantly. A money market fund is a category of debt scheme, emerged after the SEBI reclassification, that will invest in Money Market instruments (up to 100 %) having a maturity of up to 1…
Union Mutual Fund launches Union Focused Fund (UFF), an open-ended diversified equity scheme which will follow a focused approach of investing in equity and equity-related instruments. UFF aims to focus only on a maximum of 30 stocks of companies across market capitalization segments i.e. large-cap, mid-cap, and small-cap. Therefore, in that sense, the fund has…
Almost a year ago, Infrastructure Leasing & Financial Services (IL&FS) downgrading episode was reported. This pushed liquid funds and debt funds category under severe stress, soon similar corporates shared a similar fate. Owing to these cases, Debt Mutual Funds were drastically hit since several fund houses had been holding debt instruments issued by these downgraded corporates…
