In May 2024, retail investors faced significant market volatility, leading to a record number of systematic investment plan (SIP) stoppages. Data from the Association of Mutual Funds in India (AMFI) showed that 43.9 lakh SIPs were either discontinued or had their tenures completed. This surge in stoppages coincided with the Lok Sabha elections, which brought …
On June 4, the Indian equity markets experienced a sharp downturn, presenting a buying opportunity for many investors. However, several mutual fund investors who placed buy orders before the deadline were dismayed to find that their transactions were processed at the next day’s Net Asset Value (NAV), resulting in significant notional losses. The rebound of …
The Securities and Exchange Board of India (SEBI) recently issued a settlement order concerning Canara Robeco Asset Management Company Ltd. This article will explain the background of the issue, the allegations made by SEBI, and how the matter was resolved. Background and Allegations Initiation of Proceedings SEBI initiated adjudication proceedings against Canara Robeco Asset Management …
Data from the Association of Mutual Funds in India (AMFI) reveals that SIP contributions in mutual funds have been steadily increasing year-on-year since FY21, with the SIP investments in April 2024 alone amounting to Rs. 20,371 crore. This demonstrates that mutual funds have rapidly become one of the most popular investment options in India. With …
SBI Mutual Fund is an Indian asset management company introduced by the State Bank of India (SBI) and incorporated in 1987 with its corporate head office located in Mumbai, India. The fund house currently oversees 116 mutual fund schemes, comprising 44 equity schemes, six hybrid schemes, 57 debt schemes, two commodity-based schemes, and seven other …
The Parag Parikh Flexi Cap Fund – Growth Plan has delivered remarkable returns since its inception on May 28, 2013. Investors who started a Systematic Investment Plan (SIP) of Rs 10,000 per month have seen their investment grow to Rs 43.50 lakh over 11 years, achieving an impressive annualised return of 20.20%. This performance raises …
Axis Mutual Fund has recently filed a draft paper with SEBI for the launch of Axis Nifty 500 Index Fund. This is an open-ended index fund designed to track the Nifty 500 Total Returns Index (TRI). Let’s dive into the details of this new investment opportunity. Overview of Axis Nifty 500 Index Fund The Axis …
The Association of Mutual Funds of India (AMFI) released data for May 2024, highlighting significant trends and shifts in the mutual fund industry. Here are some crucial takeaways from the latest figures: Record-Breaking Equity Mutual Fund Inflows Equity mutual fund inflows surged by an impressive 83.42% month-on-month to a record high of Rs 34,697 crore …
In this article, we will explore what these funds are, how they work, and who should consider investing in them. Let’s dive in. What Are Special Situations Funds? Special Situations Funds are a type of investment fund that focuses on taking advantage of unique opportunities that arise due to specific events affecting a company. These …
Introduction Invesco Mutual Fund has recently filed draft papers with the Securities and Exchange Board of India (SEBI) for its new open-ended equity scheme, the Invesco India Manufacturing Fund. This scheme will follow the manufacturing theme, aiming to provide investors with capital appreciation over the long term by investing predominantly in equity and equity-related instruments …
