New Delhi: Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 8,302 crore from maturities, pre-payments and coupon payments since closing down in April. Franklin Templeton MF shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond...
Can SIPs be the answer to your early retirement?
Right before the pandemic struck, India was witnessing a growing consumer spending. In fact, in the past few years India saw the double-digit growth in credit cards which became one of the fastest growing retail credit segments. All this has been on the back of rising discretionary spends of millennials...
Axis Mutual Fund launches new campaign “ShuruaatSIPse”
Axis Mutual Fund’s investor awareness campaign aims to educate investors about the benefits and importance of a Systematic Investment Plan (SIP) to fulfill all their financial goals – big & small – https://www.youtube.com/watch?v=zXvqgm-ui_YFurthermore, the fund house has revamped its mobile application to enable a seamless experience for the consumers who...
Aditya Birla launches ‘Special Opportunities Fund’
Mumbai: Aditya Birla Sunlife, a mutual fund of Aditya Birla Group, has launched a new investment scheme 'Special Opportunities Fund'. It is an open-ended equity scheme and will adopt a special theme based investment strategy. The fund has been opened for investment from Monday 5 October and will close on...
Mutual Fund schemes must be ‘true to label’: SEBI Chief
Mumbai: On September 11, SEBI said that multi-cap funds will now invest minimum 75 per cent of total assets in equities with 25 per cent each in large cap, mid cap and small cap companies. Describing the recent "confusion" regarding its circular on multi-cap funds as "unfortunate", Tyagi said: "What...
Mutual fund companies pulled out Rs 17,600 crore in July-August
New Delhi: Mutual fund companies have withdrawn from the stock markets at a time when economic activity has slowed around the world due to the bottlenecks caused by the corona virus and the stock market continues to fluctuate. According to data from the Securities and Exchange Board of India (SEBI),...
Franklin Templeton MF’s shut schemes generate Rs 1,498 cr in second half of August
Franklin Templeton Mutual Fund’s six shut schemes have received about Rs 1,498 crore from maturities, pre-payments and coupon payments in the second half of August, the fund house said on Thursday. This takes the total cash flows received till date since April 24 to Rs 6,486 crore. On April 23,...
Yes Bank new service digital loan against MF
New Delhi: Yes Bank has launched a new facility called 'Digital Loans on Securities'. With the help of this, customers will be able to take a quick and hassle-free loan against their mutual funds Yes Bank by sitting at home digitally. No additional documentation will be required. This digital solution...
CARE downgrades Morgan credits to D
New Delhi: CARE Ratings downgraded the debt worth ₹106.30 crore issued by Morgan Credits Pvt. Ltd from BB to D (default) on 20 July. Four schemes of Nippon India Mutual Fund have exposure to debt of Morgan Credits. Morgan Credits is owned by the family of Yes Bank Ltd co-founder...
RankMF launches India’s first mutual fund portfolio sanitization tool: SmartSwitch
Mumbai: RankMF, a Samco Group brand, announces the launch of a new and superior portfolio upgradation tool, ‘SmartSwitch’. RankMF’s SmartSwitch is a revolutionary mutual fund portfolio evaluation and recommendation tool that helps to analyse your existing mutual fund portfolio giving quality score on various parameters like Quality of existing mutual...