Mutual funds have lost an estimated over 20 lakh investors, measured in terms of individual accounts or folios, in the first seven months of the current fiscal, mainly due to profit booking and various merger schemes.
The microfinance institutions (MFIs) in India added 2.56 million clients to its portfolio between September 2012 and September 2013 expanding the client base 11%, even while the branch network and staff declined 1% during this period.
Since the beginning of the second half of the current financial year, banks have been in favour with India's equity fund managers. The second-quarter results were in line or slightly better than expectations.
In a tough year marked by volatility, debt fund managers from Franklin Templeton Mutual Fund and equity wealth managers from ICICI Prudential Mutual Fund outmatched their peers and their respective benchmarks to win the Business Standard Fund Manager of
Most financial planners insist that as a diversification strategy, one should keep an exposure of 10% to international or sector funds. But the case for increasing this exposure to 15-20%, especially in US-based funds, seems to be getting stronger.
The performance of mutual funds (MFs) aren't that rosy over a one-year time frame, if you compare the performance to the gains they made against the benchmark - a key factor in evaluating a fund's performance.
As closed-end fund managers don't have to worry about redemption pressures, they can buy good undervalued stocks that may have low liquidity. But you might not be able to get your money back before its tenure ends as they are not that liquid.
Reliance Dynamic Bond Fund, an open-ended income fund, has been ranked CRISIL Fund Rank 2 (in the top 30 percentile of its peer group) over the past six quarters - as per the CRISIL Mutual Fund Rankings - in the long-term income funds category.
The assets under management (AUM) of the mutual fund industry grew by about 11% in September, the highest since April this year. The rise in the AUM was led mainly by a rise in the assets under liquid and money market funds.