Economic growth is under the weather. Importantly, RBI has now decided to recognise it as a problem. In the second bi-lateral monetary policy review of FY20, RBI decided not only to shift its policy stance from neutral to accommodative, but also decided to reduce the policy rate to 5.75% i.e. by 25 basis points. RBI’s…
Remuneration of Mutual Fund managers’ may soon be linked to the performance of the schemes they manage if the market regulator accepts suggestions of the Mutual Fund Advisory Committee. But isn’t that supposed to be the case? Why haven’t mutual fund houses already linked their fund managers’ pay with their performance? According to an article…
Number 303 seems to have a special importance in world history. Not many of you might know that the British Army defeated the Nazis in World War II had employed the 303-rifle–the third most effective rifle of all times after AK-47 and M-16. Nonetheless, experts claim the 303-rifle has been the most destructive weapon on…
You will soon be able to invest in commodity derivatives through mutual funds. The capital market regulator has been trying to encourage institutional investors to increase their participation in the commodities derivatives market for the past 2-3 years. Finally, it’s ready with the framework. SEBI has already permitted Alternative Investment Funds, Eligible Foreign Entities, and…
Responsible investment advisers always recommend mutual funds with a proven track record to investors/clients. And they hope that their suggested schemes will continue to outperform not only the benchmark indices but even the peers in the fund category. Investors too expect to maximise their returns in their journey of wealth creation when they invest in…
Franklin Templeton Mutual Fund investors have a reason to cheer. From May 09, 2019, Franklin Templeton Mutual Fund waived off the exit load charged in all open-ended schemes on switching from a Regular Plan to Direct Plan. The AMC has released an addendum in this regard. Is it bad news for Independent Financial Advisers /…
What are the essentials of a winning portfolio? Does it pivot on scheme selection, star ratings of a fund, or accurate risk profiling? In fact the human bias influences all your financial decisions. And this is precisely what hinders your portfolio from trumping the markets. For e.g.: If you’re an investor who decides to invest…
The current mayhem in the debt market has affected almost all institutional investors. Post demonetisation, inflows in debt funds and liquid funds improved considerably. In October 2016, income funds and liquid funds collectively had an AUM of Rs 10.3 lakh crore which swelled to Rs 11.7 lakh crore within a year. Heavy inflows in debt…
Although, unwillingly, DHFL Mutual Fund is flouting the group exposure norms set by SEBI. Three of its debt schemes have a concentrated exposure to DHFL’s downgraded debt instruments, beyond a limit prescribed by the capital market regulator. Unfortunately, they are still open for subscription. According to media reports, the market regulator has taken a note…
The mutual fund industry witnessed an average addition of 9.13 lakh SIP accounts every month in FY 2018-19. A remarkable achievement for the mutual fund industry isn’t it? According to AMFI, inflows through SIPs jumped 38% from Rs 67, 190 crore in FY 2017-18 to Rs 92,693 crore in FY 2018-19. Encouraging SIP inflows Month…
