Industry body AMFI has urged the government to make a uniform tax for directly invested debt mutual funds and securities.
Sebi has come out with a timeline for mutual fund portfolio rebalancing. Read here to know more about what it is, and how AMCs will have to report this
Recent data shows that individuals having an annual income of Rs 5 lakh or less contribute more than 70 per cent of individual MF investments, but higher-income groups have a higher share of AUM.
In comparison, 93 lakh accounts (or folios in mutual fund parlance) were opened in March quarter, while a staggering 3.2 crore investor accounts were added in the last 12 months, data with the Association of Mutual Funds in...
Navi Mutual Fund has launched Navi Nifty Bank Index Fund, an open-ended passive equity scheme. The NFO will remain open till January 31.
The first-tier benchmark shall be reflective of the category of the scheme and the second-tier benchmark should be demonstrative of the investment style.
Earlier this month, Axis AMC had suspended two of its fund managers, including Joshi, pending completion of the investigation.
