All mutual fund investors must take note that December 31, 2023 is the last day for you to add and update the nominee in your mutual fund and demat account, according to the rules updates by the Securities and Exchange Board of India (SEBI). The deadline to add nominee to your demat account is December …
Seeing the rising investments in systematic investment plans, Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch talked about how the regulator is working with mutual funds to bring down the minimum costs of SIPs. SEBI chairperson Madhabi Puri Buch talked about making ₹250 SIPs viable soon;(PTI) SIPs in mutual funds are showing …
The record-breaking in Indian stocks has been exciting. It’s fair to expect that there are those with the fear of missing out (FOMO) and others who are looking to book the profit before the tide turns again. The Nifty 50 (the index of India’s blue-chip stocks) had gained only about 6% till August-end. Those who …
Stock market vs mutual funds: In the name of diversification, a stock market investor end up adding huge number of stocks in one’s equity portfolio, which more look like a mini mutual fund instead of a stock portfolio. So, it is very important for an investor to keep limited number of stocks in one’s portfolio …
Mutual funds’ collection through new fund offerings (NFOs) surged nearly four times to Rs 22,000 crore in the July-September period this fiscal compared to the preceding quarter as 48 new schemes hit the market. Going forward, more NFOs can be expected in the coming quarters as several AMCs become operational and offer similar and differentiated …
Image Source : FREEPIK Representative Image The users will experience several changes in personal finance from October 1 this year with the deadlines for adding nominees for mutual fund folios, demat account, and trading accounts ending on 30 September 2023. The new TCS rule on foreign expenditure will come into effect from September, which could …
Image Source : FILE Mutual Funds Allocate Over Rs. 2,400 Crores in Equities New Delhi: After pulling out capital from equities in April, mutual funds invested more than Rs. 2,400 crores in stocks last month. This can be attributed to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going forward, mutual …