The medium-term story on India has not changed despite a 10 percent kind of fall from highs and is reasonably intact. It is one of the fastest growing large economies in the world.
In January, the decline in net inflows was mainly on account of redemption while the sales figure dropped in February
The fund house has revised the classification to comply with the new guidelines laid down by the Securities and Exchange Board of India on October 6.
Volatile times in the market could continue even as mutual fund inflows keep coming, says an expert.
Interest rates on fixed deposits may have come down, but they still remain the most favoured tax saving tools. This is because of the zero risk they have unlike Equity Linked Savings Scheme (ELSS), which is a diversified equity mutual fund. They are also preferred since they do not have a long lock-in
Buying and selling of securities are done by the mutual fund which does not attract capital gains or transaction-related taxes. The investor would need to pay tax only after exiting from the fund.
Bias has now tilted in favour of bears and a break below 200-day moving average in the coming week could extend selling pressure.
Luke Thomas, 44, an information technology field manager who lives in Miami, began investing in the U.S. stock market in his early 20s, attracted by the prospect of learning “how to grow a little bit of money into a lot,” he said.
The assets under management (AUM) of the fund houses slumped to Rs 18,68,404 crore in February, as against Rs 18,77,303 crore in January, as per the data of the Association of Mutual Funds in India (Amfi).
Mumbai, March 17 (IANS) Despite healthy macro-economic indicators, the Indian equity markets turned volatile and gave up gains during the week over prospects of political instability, along with the ongoing ...
Mumbai, March 17 (IANS) Despite healthy macro-economic indicators, the Indian equity markets turned volatile and gave up gains during the week over prospects of political instability, along with the ongoing turmoil in the banking sector and weak global cues.
Markets in the short run may not give you ‘assured returns’, however, if you give it time, the short-term volatility outbursts can be digested and a certain amount of return can be expected.
For those with clear financial goals, there are a plethora of investment options available in the market. While some may prefer to invest in safe instruments like fixed deposits, others may opt for mutual funds. Not only are mutual funds good for creating wealth, they also help you save tax.
To ensure that all schemes launched by mutual funds are distinct in terms of asset allocation and investment strategy, SEBI proposed categorisation and rationalisation of mutual fund schemes.