Category Archives: Mutual Funds

SBI Magnum Contra Mutual Fund

Investors can consider buying into units of Magnum Contra. The fund’s consistency in containing losses in tougher periods and ability to beat the benchmark by a good margin over a longer time frame buttress the case for investment. Over a … Continue reading

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Mutual Funds Underperform Market Indices

While equity markets gained 32.39 per cent between March 9 and April 9, average return of diversified equity fund in the same period has been 24.3 per cent. The worst performing fund in the diversified equity fund category has managed … Continue reading

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Equity Linked Saving Schemes Performance in March

Contrary to the market perception that equity-linked savings schemes (ELSS) failed to draw investors in the past weeks of FY09, estimates show that the category posted sales of Rs 611 crore in March 2009, the highest by this mutual fund … Continue reading

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Mutual Funds V/s Insurance Industry in India

U K Sinha, CMD, UTI Asset Management Company, feels the rules need to change vis-à-vis the insurance industry. There is a regulatory bias against the MF industry vis-à-vis its closest competitor — the insurance sector. While regulations are becoming far more … Continue reading

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Mutual Funds Update

Buoyed by significant growth in debt funds, the mutual fund industry’s total asset under management (AUM) in January rose 9.4 per cent, the highest monthly growth in 15 months. According to the fund evaluation and risk solutions provider Crisil FundServices, … Continue reading

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New Entry Load Expenses for Mutual Find Investments

The Securities and Exchange Board of India, or SEBI, is drafting new norms that would offer mutual fund investors a band or range of entry loads to pick from while purchasing units of a mutual fund, said a senior official … Continue reading

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Banking Stocks Find Favour With Mutual Funds

Mutual funds (MFs) are showing more confidence in banks and continue to increase their exposure to their stocks. Public and private sectorbanks have attracted the largest exposure from MFs in December, analysis shows. The move has been triggered by better … Continue reading

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What is Equity Linked Saving Scheme (ELSS)?

ELSS is a great way to save tax, boost your portfolio, and invest for the longer term. January is a month of New Year resolutions – more exercise, better relationships, vacations and sunsets and pledges to reduce spending. For the … Continue reading

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Mutual Fund News in India Jan,09 Part 2

Mutual Funds News: UTI Mutual Fund on Wednesday launched new features for their customers on the mobile. ING Mutual Fund has revised the minimum application amount of ING Tax Savings Fund. FIDELITY International’s Indian asset management com pany on Wednesday … Continue reading

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No Load Funds Catching Up?

Following the Securities and Exchange Board of India (Sebi) announcement to waive entry loads for direct mutual fund (MF) applicants, Bajaj Capital Ltd is working with mutual fund players to provide no-load funds to its high-value and self-directed investors. “We … Continue reading

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