Banking and financial services sector and technology sector based mutual funds have offered an average return of around 8.35% and 20.32% respectively over the past three months. Bank and financial services funds gave a maximum return of up to 10.78%, while technology funds gave a maximum return of 25.10% in that period. ICICI Prudential Banking … Read more
Mutual fund advisors recommend public debt funds to “aggressive” or “sophisticated” debt investors, as they believe that government bond funds are likely to offer superior returns in the coming months. This is based on the assumption that Reserve Bank of India It could start cutting interest rates in the second half of 2024. They say … Read more
WHAT IS AN EXCHANGE-TRADED FUND?As the name suggests, it is a fund, but it can be traded on an exchange like a stock. Simply put, an ETF is a basket of securities like any other mutual fund, but it is tradable, meaning it can be bought or sold like a stock. So, you own a … Read more
After the categorization of the scheme announced for active equity mutual funds, a new category has emerged – the large-cap and mid-cap funds. This is the intersection product of the Venn diagram which has been mandated to invest in the top 100 listed companies by market capitalization considered to be in the large-cap category and … Read more
As of August 2, 2024, India’s foreign exchange reserves have reached an all-time high of $675 billion, a milestone highlighted by the Reserve Bank of India (RBI) in its latest monetary policy update. This significant achievement has sparked debates within the Indian mutual fund (MF) industry on whether the time is right for the Reserve … Read more
When considering investment options, many people find themselves choosing between Fixed Deposits (FDs) and Fixed Maturity Plans (FMPs) offered by mutual funds As for most investors, stability is the most important thing. Both are popular for their perceived security and predictability, but they serve different needs and have distinctive features. Below we present a comparative … Read more
Amid reports that the network SIP input in mutual funds was only Rs 8,964 crore as compared to gross income SIP entry of Rs 23,332 crore, the Mutual Funds Association of India AMFI Chief Executive Venkat Chalasani on Friday clarified that the two figures should not be compared as it will not be an apples-to-apples … Read more
Around seven o’clock mutual funds have submitted draft documents with Sebi In the last week, eight new funds were launched. Axis Mutual Fund filed a blueprint for two funds, WhiteOak Capital Mutual Fund, Groww Mutual Fund, ICICI Prudential Mutual FundEdelweiss Mutual Fund, LIC Mutual Fund and 360 One Mutual Fund have each submitted applications for … Read more
ICICI Prudential Value Discovery Fundthe biggest value fund In India, it has completed 20 years of existence and has achieved a CAGR of 21.02% since inception. The scheme, which was launched in August 2004, had an AUM of Rs 48,805.97 crore as on July 31, 2024, accounting for nearly 25.9% of the total AUM in … Read more
Around 63% equity mutual funds have failed to outperform their respective benchmarks in the last three years. There were around 213 equity mutual funds, out of which 135 funds have failed to outperform their respective benchmarks. In other words, only 78 equity funds have failed to outperform their respective benchmarks. mutual funds have outperformed their … Read more
