ET Mutual Fund Explains: Looking to generate a target corpus of Rs 1 crore? Use Rule 15*15*15
The 15*15*15 rule is a simple strategy for MF investors to become crorepatis by investing Rs 15,000 monthly for 15 years, assuming a 15% annual return. This approach highlights the power of compounding over long-term investments, enabling individuals to achieve significant wealth accumulation with consistent contributions. Key Points
Economic TimesDeadline to invest in ELSS Mutual fund for Section 80C tax break is March 28, not March 31: Here’s why
Section 80C ELSS Mutual fund: Investment in ELSS Mutual funds are eligible for tax benefit under Section 80C in the old tax regime. However, for ELSS Mutual fund investment to be eligible for tax break for current financial year 2023-24, the investment must be done between April 1, 2023 and March 31, 2024. Key Points
Economic TimesTax planning: ELSS Mutual fund investment deadline alert! Invest by March 28 for Section 80C tax benefit - here’s why
India Business News: If you're following the old tax system for the 2023-24 financial year, make sure you finish your tax-saving investments and expenses by March 31, 2024. While the general tax-saving investment window extends until March 31, this year's Sunday deadline requires prompt action by March 28, 2024 for ELSS Mutual fund investors. Here's why this date is critical and how to ensure your investment qualifies. Key Points
Times Of IndiaFinish your tax saving investments well before March 31 this year: Here's why
Last date to finish tax-saving investments: If you are planning to wait till last minute to finish your tax-saving investments and expenditures then you might the chance to do so. This is because March 31 this year is on Sunday and banks and stock market is closed on Friday (March 29) on account of Good Friday. Key Points
Economic TimesYear in review: Top 10 mid cap Mutual funds of 2023
Mid cap Mutual funds refer to schemes which invest a minimum of 65 percent of their assets in mid-cap stocks i.e., securities of companies that are ranked between 101 to 250 on stock markets as per market capitalisation. Key Points
mint
India's Mutual funds industry outpaces global peers with 19% asset growth, leaving behind US, Japan and China
The upswing in assets has been led by equity funds. While rising financial literacy and improving incomes in India were already facilitating a move away from physical assets such as real estate, gold and bank deposits. Key Points
mintWhy Indian Mutual fund industry wants you to order less on Swiggy, Zomato
Despite the rising interest in financial products among retail investors, the Indian Mutual fund industry is still limited to just 4 crore investors. In a recent episode of the popular podcast 'The BarberShop with Shantanu', Radhika Gupta, the MD & CEO of Edelweiss Mutual Funds, highlighted the challenges faced by the industry in competing for investors' money with major players like Swiggy and Zomato. Gupta emphasized the need for young individuals to save more. Key Points
Economic TimesStep by step guide for converting physical Mutual fund units to demat account online, offline and vice ver
An individual may choose to convert their physical Mutual fund units held through statement of account (SOA) mode to dematerialise mode online. However the online method is only applicable for National Securities Depository Limited (NSDL) demat account holders. For Central Depository Services Limited the conversion process is presently offline. Key Points
Economic TimesFintech threat might be overrated. Is it better to own both the Mutual fund and their parent company?
Some time back, the entry of a well known startup founder into the Mutual fund space led to lots of chatter on the street about how he would be able to use technology to change the face of the Mutual fund industry. The reality is very different, the Mutual fund house hardly has any significant AUM after being in business for some time. The narrative was based on the experience which Street had in the broking industry, where the startup and tech led discount brokers were able to become the largest brokers in a short span. But in Mutual space, the operating matrix is very different and fin-tech might be overrated. Key Points
Economic TimesLoans against MFs catch fancy with easy process & low rates
Though public and private sector banks offer this product, non-banking finance companies (NBFCs) have been more aggressive. The selling pitch for loans against Mutual funds is that you do not have to liquidate your performing schemes for want of short-term funds. Key Points
Economic Times
Best Time to Start Sip: When to Invest in Mutual Funds
SIPs are an effective tool for systematic and disciplined wealth building. SIPs allow you to build up a sizable corpus with only sporadic little investments. Key Points
Times of IndiaKey triggers that may dictate stock market rally in near term, explains Sunil Subramaniam
Indian equity market at record level but valuations still at long term mean; attractive for FIIs due to pro-business government policies and growth potential. SIPs and Mutual fund schemes help navigate uncertainty, says Sunil Subramaniam of Sundaram Mutual. Key Points
mintMF Tracker: LIC, Damani’s Avenue Supermarts among top largecap stocks sold in May
Franklin Templeton Asset Management sold 0.1% of its stake in LIC, while Union Mutual Fund divested its entire holding?in May. Mutual funds were sellers in PSU stocks of Indian Oil Corporation and Hindustan Aeronautics, while stocks of Avenue Supermarts gave negative returns of over 1%. Leading Mutual funds such as Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Kotak Mahindra Mutual Fund sold largecap, midcap and smallcap stocks in May. Recommendations, suggestions, views and opinions given by the experts are their own. Key Points
Economic TimesMFs may not get holdings waiver post HDFC Bank-HDFC merger: Report
India's market regulator is unlikely to grant special exemption to Mutual funds if they violate the maximum permitted holdings norms in securities after the merger of HDFC Bank and HDFC. These banks, both heavily owned by Mutual funds, will soon merge to become India's second-largest financial institution, after the State Bank of India. However, the new limitations on Mutual funds could put pressure on holdings or pose limits on increases, which could be a burden on the merged entity's stock. At least 60 equity Mutual fund schemes could see their consolidated exposure to HDFC Bank and HDFC go over the 10% threshold as of Wednesday. Key Points
Economic TimesIndia equity Mutual fund inflows halve in May; SIP contributions hit record, industry data show
Inflows into Indian equity Mutual funds halved sequentially to 32.4 billion rupees in May, the lowest since November 2022, data from the Association of Mutual Funds in India (AMFI) showed on Friday. Key Points
Reuters
‘Sebi fee review to make a big dent in MFs’ profits’
The Securities and Exchange Board of India (SEBI) may negatively impact India's Mutual fund sector with its proposal to review total expense ratio (TER) regulations, according to brokerage Nuvama. The sector's net profitability could fall by up to 27% from listing asset managers' 2024-25 net operating profits due to changes potentially increasing annual fees to include items such as securities transaction tax (STT) and brokerage. Key Points
Economic Times4 MFs cut stake in ITC in April even as stock surged. What should investors do?
Four domestic fund houses have reduced their exposure to ITC, one of the top holdings of many Mutual funds, in April, despite the stock hitting all-time highs. Nippon India MF sold a stake worth INR157cr ($21m) in the FMCG conglomerate, while ICICI Pru MF has offloaded stocks worth INR426cr. SBI Mutual Fund and Tata Mutual Fund sold shares worth INR376cr and INR118cr, while only Sundaram Fasteners MF has added a stake worth INR43cr. Overall, Mutual funds combined have decreased their holdings in ITC by 6.1 million shares. Key Points
Economic TimesTop 10 Advantages of Investing in Mutual Funds over Stocks
There are numerous advantages that people can take advantage of by investing in Mutual funds. A Mutual fund is a type of investment vehicle where people pool their money with the aim of investing in shares and bonds. Key Points
Times of IndiaWhy is it the right time to invest in equity Mutual funds? Look at these numbers
Most of the equity Mutual fund categories offered positive returns in the last one month. Many Mutual fund managers and advisors say that Indian stocks have become attractive after the recent fall in the market. Key Points
Economic TimesWhat exactly is the role of a Mutual fund intermediary? Radhika Gupta explains
Mutual fund intermediaries, like Mutual fund distributors or registered investment advisors, play a crucial role in guiding investors through the process of investing in Mutual funds and their broader financial planning. They help match funds to individual asset allocation needs, work with investors on their goals, and assist with behavior management in volatile markets. Intermediaries have helped drive the deepening penetration of Mutual funds in India. says Radhika Gupta. Key Points
Economic Times
Mutual funds reopen international funds before new tax rules kick in from April 1
At least three asset management companies (AMCs) have together opened 16 international equity Mutual fund programmes for lump-sum investments up to the amounts legally permissible. The Finance Bill amendments, applicable from the next financial year beginning April 1, will remove indexation benefits for debt-oriented savings plans. Key Points
Economic TimesNo LTCG tax benefit on these debt Mutual funds from April 1: Five important queries answered
Currently, income tax laws allow taxation of these debt Mutual fund schemes on the basis of a holding period. Short-term capital gains are taxed at tax rates applicable to your income. However, if the holding period exceeds 36 months, then gains are called long-term capital gains (LTCG). These long-term capital gains are taxed at 20% with an indexation benefit. Key Points
Economic TimesHow do Mutual funds invest in IPOs of new age tech companies? Nirav Karkera explains
“Mutual funds as an industry and most fund managers have been able to do a pretty good job at evaluating the strength and the value proposition that most such new age companies are offering. When the first new age company came in, we were very averse to even looking at such loss-making companies coming in but there is a reason why each of these companies have the value that they enjoy today.” Key Points
Economic TimesSurfing the internet! How domestic fund houses played with new-age stocks in April
Domestic fund houses have increased their stakes in most of the new-age internet stocks during the month of April. These funds have aggressively shopped for Delhivery, Nykaa and Zomato. Delhivery is among the prominent additions of both Franklin Templeton Mutual Fund and SBI Mutual Fund. While Franklin added Delhivery stock worth Rs 99 crore, SBI Mutual Fund bought shares worth Rs 449 crore. Domestic funds have raised their combined stake by 5. Key Points
Economic TimesBlow to debt Mutual fund investors, long-term tax benefits removed
The development is a big blow to people who plan to invest in debt Mutual funds that became popular due to long-term tax benefits. With this, the popularity of debt Mutual funds in India is also likely to fall. Key Points
India Today
Equity Mutual funds or stocks: What is right for you? MintGenie explains
Equity Mutual funds are exceptional investment options for retail investors. While direct stock investors enjoy greater flexibility without certain investment constraints. The choice depends on individual preferences and risk tolerance. Key Points
mintSebi likely to clear overhaul of MF fees, stricter conduct code
The capital markets regulator has proposed sweeping changes to the total expense ratio or TER - the annual fee that Mutual funds collect from unit holders - that will result in the cost of investing their schemes declining. Some of these suggestions have met with strong opposition from Mutual funds and intermediaries like distributors, who fear the moves would impact business in a big way. Key Points
Economic TimesYour Questions Answered: How can I invest in the US market via Indian Mutual funds?
Diversification is vital in investments, and exploring beyond the domestic stock market can broaden opportunities. Indian international Mutual funds, like those emphasizing the S&P 500, provide Indian investors access to the thriving US equity market. Key Points
mintAnand Rathi management met yearly target in 6 months & revised guidance upwards. Here’s how
Anand Rathi, chairman of Anand Rathi Group says that their equity Mutual fund has seen increased inflows, accounting for 50% of their AUM. Despite market outflows, they have had positive inflows in Mutual funds, and they expect continuous inflows. Rakesh Rawal, CEO of Anand Rathi Wealth, mentions that they have achieved their FY24 AUM guidance of Rs 47,000 crore in the first half and have set a revised target of Rs 51,000 crore. They have also revised their profitability target to Rs 220 crore and their revenue target to Rs 720 crore. Key Points
Economic TimesLTCG tax on debt Mutual funds gone, but don't commit these mistakes trying to tackle it
Ever since the news came out, many investors were asking around whether there are any ways to avoid the extra tax. Sure, experts never fail such investors. They have been offering many quick-fix solutions. Key Points
Economic Times
HNIs preferring FDs over debt Mutual funds: Report
High Net Worth Individuals (HNIs) in India are turning away from debt Mutual funds towards bank fixed deposits (FDs) due to recent tax changes and rising interest rates, according to a report by Motilal Oswal Financial Services. HNIs also prefer AIFs and PMS, as Mutual funds are becoming more commoditised. The report showed that HNIs have failed to maintain higher-ticket systematic investment plans (SIPs) due to the low returns via this route. Key Points
Economic Times‘Corporate bonds, Reits are alternatives to debt funds’
Kotak Cherry CEO Srikanth Subramanian has said that investors will only invest in debt Mutual funds if they find value, following the loss of their long-term tax benefit. The Indian government stripped debt funds of the tax advantage and capital gains will now be taxed as per the investor?s income tax slab. The move is expected to lead to a shift in investor behaviour, with new product categories such as retail corporate bond markets, REITs and equity savings schemes becoming more popular, according to Subramanian. Key Points
mintContra Bet! MFs bought 1 crore Infosys shares in May when FPIs stayed underweight on IT pack
Mutual funds have bought shares in Infosys, with ICICI Prudential AMC purchasing Cognizant Technology Solutions, Aditya Birla Sun Life AMC purchasing Wipro, and Mirae Asset Management buying Coforge last month. Although the Mutual funds were inclined to overweight on the IT sector, risks of further earnings downgrades remain. While some investors argue that a slowdown is already priced into the shares, a weak earnings outlook from US major Accenture Plc persists, which quoted challenging global macroenvironment, clients curbing discretionary spending, and reduced annual growth guidance for the second time. Key Points
Economic TimesDo SIP investments in Mutual funds offer assured returns?
Investors are increasingly pouring money into Mutual funds through SIPs with monthly collections surging past the Rs 16,000 crore mark. However, there are still many myths surrounding this mode of investment into risk assets. Key Points
Economic TimesShare of women investors in MFs rises to 21% in Dec
The share of women investors in Mutual funds has increased from 15% in March 2017 to nearly 21% in December 2023, according to the latest data of Amfi (Association of Mutual Funds). Find out more about the rising trend of women investors in Mutual funds. Key Points
Times Of India
3 Mutual funds include this multibagger stock in March. Should you buy?
According to the latest shareholding pattern available with the exchanges, Mutual funds have a combined stake of 11.90%. Apart from the above three funds, HSBC Value Fund has 1.46% stake in the company and Franklin India Flexi Cap Fund owns 7.39%. Meanwhile, retail investors own nearly 17%. Key Points
Economic TimesMutual funds to invest Rs 50 lakh for five years
If you have any Mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts. Key Points
Economic TimesBuy HDFC Bank, sell Paytm: Mutual fund's investing funda in February
Fund houses that picked more HDFC Bank shares in Feb were HDFC MF, DSP Mutual Fund, Franklin Templeton, and ICICI Prudential. A similar trend was seen in January as well when fund managers bought shares of HDFC Bank worth Rs 13,849 crore to take advantage of the dip in share prices following the disappointment in Q3 results. Key Points
Economic TimesIndian Mutual fund industry likely to hit Rs 100 lakh crore by 2030: Axis Capital
Indias Mutual fund industry has doubled its AUM in just four years to reach a landmark Rs 50 lakh crore in December 2023. Prior to this, the industry took five years to double its AUM from Rs 12 lakh crore to Rs 25 lakh crore. Key Points
Economic TimesDo Mutual funds offer compounding benefits?
The underlying business and economic processes feed growth back into the input, enhancing growth further. Thats the actual meaning of the term compounding when applied to investments and growth. Key Points
Economic Times
Mutual funds: First time investors should look for these details while comparing the schemes
Mutual funds offer high returns, but online comparisons may not provide all necessary information like fund manager pedigree, investment style changes, and technical terms. Lack of understanding these factors can lead to uninformed decisions and missed opportunities. i Key Points
mintIndia's top AMC SBI Mutual Fund's AUM less than 1% of US-based Blackrock: Porinju Veliyath
The AUMs of India's top fund houses rank even below the top 10 AMCs based in US. SBI MF commands an AUM of $86 billion, compared to Blackrock's AUM which stands at $9,800 billion. Key Points
mintSIPs turn into gulps: 2024 begins with a bang
Gross addition of accounts was also the highest on record at 5.1 million last month, while new SIP account to closure ratio — a measure to gauge how many SIPs accounts opened for one closed — was the best in 25 months at 2.18. The monthly SIP book at Rs 18,872 cr was 7% higher from Dec, the fastest sequential growth in 21 months Key Points
Economic TimesBanks to gain $36 billion in deposits as govt scraps tax incentives for debt Mutual funds
Rising loan demand from companies and consumers has buoyed annual credit growth to 15.7% as of March, compared to a five-year average of 10.3%, according to Reserve Bank of India data. Key Points
FinancialexpressMutual funds Vs ULIPs: What is better for investing in midcaps and smallcaps?
“If you are investing for the long term, then midcaps and smallcaps are more often than not going to give you better returns. If you are looking for a short-term horizon, then midcaps and small caps can be volatile and can be risky. Sometimes largecaps outperform midcaps and sometimes midcaps outperform smallcaps. But for the long term, the Nifty 500 benchmark can be a better choice where you have all the largecap, midcap and smallcap segments.” Key Points
Economic Times
Opportunity in short term headwinds? 4 AMC stocks with upside potential of up to 37%
While there is always a talk about how many new demat accounts have been opened every few months. But how many folios have got added in the Mutual fund industry is something which does not make it to headlines. What makes a headline is just the headwinds, about new rules and regulations or a new competition coming up. But in reality, this fact is that for Mutual funds houses or AMC companies, these headwinds are very minor things to handle, because they have the biggest macro tailwind of financialisation of saving, a trend which got really strong post demonetisation. Let's look at the different headwinds and some narratives around them which the AMC industry has dealt with over many years and still come out strong. Key Points
Economic TimesList of India's top Mutual funds in 2019
Get the latest Mint 50 top Mutual funds news, videos and headlines. Explore more for Mint 50 top Mutual funds breaking news, opinions, special reports and more on mint. Key Points
mint50% Mutual funds get redeemed within a year. Is long-term investing dead?
In India, over 50% of Mutual fund units of regular plans were sold or redeemed within one year, according to a recent report by the Securities and Exchange Board of India (SEBI). The regulator has proposed changes to total expense ratio (TER), including capping fees by up to 2.55% for equity schemes and a lower commission rate to discourage churning, potentially driven by mis-selling. While some attribute the high turnover of Mutual fund investors to India's lure of quick money from market hype or misinformation, other industry insiders believe it is a result of an early learning curve. Key Points
Economic Times