For mutual fund advisors and investors, timely review of the mutual fund schemes is an indispensable part of the journey of wealth creation and accomplishing financial goals. Just as you do regular medical check-ups to identify health problems, if any, and take remedial measures; reviewing the financial health of your portfolio is necessary. You simply…

In a caustic remark, SEBI chief Ajay Tyagi reminded mutual funds of their core objective, and rightly so. “Mutual funds investment is different from bank lending and it needs to have elements of safety as well as investment.” Mutual fund houses indeed gave a long rope to promoters of troubled companies at the cost of…

Indiabulls has launched yet another open-ended debt scheme, Indiabulls Overnight Fund. An Overnight fund is a category of debt scheme emerged after the SEBI’s recategorization norms. It has the shortest investment duration of one day and provides better returns than bank FDs and are more liquid. The interest rate risk involved therein is least or…

An increasing number of mutual fund houses are seeking SEBI’s nod for their passively managed NFOs. Smaller provident funds have been keen to invest in equity through passively managed funds, on the lines of EPFO, and mutual fund houses are making this an excuse to push more passively managed offerings now. But there’re more reasons…

On December 27, 2018, we had written about DHFL’s plan to sell its stake in the mutual fund business, and the impact on mutual fund investors. In just 3-4 months, DHFL had witnessed a severe drop in its credit rating from “AAA” to “D”. As you might be aware, DHFL Pramerica Mutual Fund was a joint venture…

Aditya Birla Sun Life Mutual Fund has launched an open-ended sectoral fund, Aditya Birla Sun Life Pharma and Healthcare Fund (ABSLPHF). The fund house has launched this scheme aligned to seek gains from government reforms introduced to push the growth of pharma and healthcare service sector. The fund house is of the view, that Indian…

Quantum India ESG Equity Fund is an open-ended equity scheme investing in companies following Environment, Social and Governance (ESG) theme. What is an ESG fund? ESG fund is an open-ended thematic fund that will invest in companies that are sustainable, using an approach that incorporates Environment, Social, and Governance (ESG) factors and their impact throughout…

Equity markets rallied up after Modi-led-NDA government’s victory happened. On the day of election results, Nifty 50 witnessed high volatility as the index swung in the range of 3.7%. It crossed the psychological mark of 12,000 (and on the S&P BSE Sensex 40,000) but couldn’t sustain those levels. And in the debt markets, the ripple effect of…

Lately, there has been a rise in launch of debt funds holding debt instruments having a duration of less than a year. This is because recent episodes of default in payments have led to downgrading of companies and made investors lose interest of investing in debt funds, as most of the debt funds were having…

The Association of Mutual Funds in India (AMFI), released its monthly data, some of the figures were encouraging and some showed signs of subdued performance. Assets Under Management (AUM) as on 31 May 2019, stood at Rs 25,93,560 crore and crossed a landmark of Rs 25 Lakh crore to (almost) touch a new high of Rs…