If you want to avoid the volatility and steadily create wealth, mutual funds can be a safer bet. This report tells you the nuances of selecting a Mutual Fund that's best for you now
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Among existing holdings, major additions were seen in ICICI Bank, Wipro, Infosys, and HDFC Bank.
Driven by a surge in inflows into equity-oriented funds, assets under management of mutual funds surged to a record high of Rs 37.73 trn in 2021, up 22% from that in the previous year
Yes Asset Management's name has been changed to White Oak Capital Asset Management with effect from January 12. Further, Yes Mutual Fund will now be called White Oak Capital Mutual Fund, Aashish P Sommaiyaa, Chief Executive Officer of White Oak Capital, announced in a tweet on Thursday. He, further, said: "WhiteOakCap has filed equity MF offer documents for regulatory approval". Founded by Prashant Khemka, formerly CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets Equity businesses, White Oak Capital group provides investment management and advisory services for equity assets of over Rs 42,000 crore. In November, White Oak Capital group announced the completion of the transaction to acquire the mutual fund business of Yes Bank. GPL Finance and Investments, a subsidiary of White Oak Capital group, had received capital markets regulator Sebi's approval to acquire Yes Asset Management from Yes Bank in September. In August 2020, the private lender had .
The passive schemes include index funds, exchange-traded funds (ETFs), and fund of funds (FoFs) investing overseas
Tally for 2021 rises to Rs 97,000 cr; monthly SIP contributions rise to Rs 11,305 cr
The net assets under management of the flexi-cap category ballooned from Rs 75,600 crore in January 2021 to Rs 2.14 trillion as of November 2021
The commerce minister, who also holds the consumer affairs portfolio, added that he is willing to change the regulations if needed
India questions China's developing country status on per capita basis. Read more about that in today's top headlines
Top players, such as Axis MF, Nippon India MF, and Kotak Mahindra MF, grew their AAUM by 32-43 per cent in a year
Between Jan-Nov 2021, equity funds saw net inflows of around Rs 71,600 cr, while FPIs remained net buyers to the tune of 24,143 cr
The new fund offer (NFO) will open for subscription on January 5 and conclude on January 22
Top 10 holdings account for more than 50% of assets
The steps are taken to ensure fair treatment to all investors affected by the security
94 equity and hybrid schemes have invested in stocks of RBL Bank worth Rs 1,996.34 crore as of end-Nov
A move below 16,900 could result in a faster decline in the coming week, while a breach of 17,118-17,155 levels could result in better momentum on the upside
Experts believe that the new year could be tricky depending on the Omicron situation and possible interest rate hikes
The Rs 3,188-crore purchase validates 'our view on India', says fund house
Nine schemes in the offing; visibility over returns key investor attraction