One should always pick Large and Midcap 250 Index, if they want to pick one and only one index fund, said Edelweiss Mutual Fund CEO, Radhika Gupta. According to Gupta, The index covers the broad Indian economy with reasonable allocation to large and midcaps. She posted on social media platform X, “Since I am always … Read more
Financial instruments could be the best gift you can give to your sister this Raksha Bandhan. With plenty of options available now along with the ease with which they can be bought or managed, securing your beloved sister’s future is just a matter of a few clicks. From stocks, mutual funds to safer options like … Read more
Exchange traded funds (ETF) are gaining momentum in India. The assets under management (AUM) in ETFs have grown to Rs 8.11 trillion as on July 30, 2024 from Rs 1.88 trillion as on February 29, 2020. Though many readers will quickly point out that this surge in AUM is an outcome of sustained investments by … Read more
Indian Railway Finance Corporation Share Price 178.77 03:59 PM | 16 Aug 2024 -0.29(-0.17%) One97 Communications Share Price 564.25 03:59 PM | 16 Aug 2024 25.46(4.73%) YES Bank Share Price 24.27 03:59 PM | 16 Aug 2024 0.29(1.17%) ITC Share Price 502.65 03:59 PM | 16 Aug 2024 10.45(2.13%) HDFC Bank Share Price 1632.1 03:59 … Read more
The 2024 Union Budget introduced pivotal changes to the capital gains tax structure, impacting investors in international and gold mutual funds, as well as equity Funds of Funds (FoFs). These changes include a reduced holding period and a revised long-term capital gains (LTCG) tax rate, while the short-term capital gains (STCG) tax rate remains unchanged. … Read more
Bank of India Mutual Fund has launched Bank of India Business Cycle Fund, an open ended equity scheme investing in the sector based on its business cycle. The new fund offer or NFO of the scheme is open for subscription and will close on August 23. The fund aims to identify and invest in sectors … Read more
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Thursday in its bi-monthly monetary policy review meeting has decided to keep the policy rate unchanged at 6.50%. This decision has been kept same since April 2023. Here is what rate pause by RBI means for the mutual fund investors. Adhil Shetty, … Read more
Large & mid cap mutual funds invest most of their corpus in the large and mid cap stocks. As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid … Read more
Amid the recent market volatility in the market, Edelweiss Mutual Fund CEO, Radhika Gupta suggested investors not to panic with markets moving up and down. The market corrections are normal. “So, with markets moving up and down, all this global news, everyone’s been asking me questions about what to do with their investments. So quick … Read more
The increase in capital gains tax in the Union Budget makes it tougher for PMS fund managers, who handle money for rich investors, to beat the good old mutual funds. While MFs themselves are not taxed when they churn portfolios, crorepati clients of PMS schemes are taxed, which can lead to inferior post-tax returns. With … Read more
