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Mutual Funds - hike in expense ratio
Published on 2012-10-11 01:09:00
Starting 1st october, mutual funds are charging
Mutual Fund advisors to get a UID
Published on 2012-10-09 05:43:00
In a bid to curb mis-selling of mutual funds, all mutual fund advisers and relationship managers will get a unique identification number (UID) and the deadline for which, set by SEBI is 1st November. All national distributors and banks who have appointed relationship managers and sales personnel who advise clients will come under this rule. The mutual fund application form will also have a provision for disclosing the Unique Identification Number for sales personal.“Onus should not be only on [..]
Mutual Funds Myths
Published on 2012-08-31 02:05:00
To sell their products, marketers come up with half cooked information. To attract investors to their schemes, they try to build false rumors, this leads to confusion in minds of mutual fund investors. I have tried to cover common myths prevailing in mutual fund industry:Lower NAV mutual fund is cheaper: Whenever a new mutual fund scheme is launched, agents try to sell the scheme stating that the NAV is only Rs 10 and is cheaper than the existing mutual fund products. Further he would explain th [..]
Gold ETFs reach 52 week high
Published on 2012-08-24 01:05:00
With gold prices sky rocketing to all time high of Rs 31,029 on MCX, units of gold ETFs traded on the exchanges surged to their 52-week high on Thursday.Following Gold ETFs surged to their 52 week High on Aug 23 2012:Axis MF’s Gold ETFBirla Sun Life Gold ETF (Growth)Quantum Gold Fund ETFReliance Gold ETFReligare Gold ETFUTI Gold ETFThere has been a consistent increase in Gold prices over the period of 5 years. In 2008 the price of gold per 10 gm was approx Rs 10,000, now it has risen to Rs 30, [..]
Gold touches Rs 30,745
Published on 2012-08-22 05:49:00
Gold is clearly on rising spree. Today, 10 grams of gold reached Rs 30,745 just short of Rs 5 from its all time high. Looks like we are going to see record high pretty soon. Gold stockists are continuously buying gold ahead of marriage season and festivals and on strong global cues. In London, gold gained $5.70 at $1,644.30 an ounce.On the domestic front, gold of 99.9 and 99.5 per cent purity climbed by Rs 235 each to Rs 30,745 and Rs 30,545 per 10 grams, respectively. Gold had gained Rs 70 in [..]
SEBI's package for Mutual Funds of India
Published on 2012-08-21 02:03:00
SEBI has announced consolidated package to regulate and boost investments in mutual funds. Following are highlights of the package:Recommendation to allow mutual funds investment under Rajiv Gandhi Equity Savings scheme.Regulate mutual fund advisers who charge fees.Self Regulatory Organization (SRO) to be formed for Mutual Fund distributors.Service tax will be charged on new mutual fund investments. 30 basis point extra spend for application received beyond top 15 cities.Formulate a Mutual Fund [..]
Mutual Funds under Rajiv Gandhi Equity Scheme?
Published on 2012-08-19 22:47:00
Reviving mutual fund industry has been a concern for ministry of finance and quite a few measures are being taken to revive the same.There is a serious discussion on including investment in Mutual Funds under Rajiv Gandhi Equity Scheme. Though nothing is finalized yet, mutual fund industry will get a real boost if it gets included in Rajiv Gandhi Equity Scheme. As a mutual fund investor, similar to ELSS, investors will get benefit of tax savings under section 80c if this gets implemented. This w [..]
Alternative Investment Funds allowed by SEBI
Published on 2012-08-17 05:38:00
In the meeting held yesterday, SEBI has allowed following 7 AIFs (Alternative Investment Funds) to operate in India:IFCI Syncamore India Infrastructure FundUtthishta Yekum FundIndiaquotient Investment TrustForefront Alternate Investment TrustExcedo Realty FundSabre Partners TrustKKR India Alternate Credit Opportunities FundThese AIFs can operate in India under 3 broad categories:Category I: This category include funds like Infrastructure Funds, SME funds and siocial welfare funds which get incen [..]
Latest News:SEBI board clears incentives for mutual funds
Published on 2012-08-16 06:40:00
Latest News from SEBI on mutual funds:SEBI has allowed mutual funds flexibility in using expense charges, to expand market reach.Committee for National Mutual Fund policy. Rajiv Gandhi Equity Savings Scheme may provide tax incentives for mutual funds.eIPOs will be available at over 1000 points initially.Entry load will not be re-introduced.More information to come.....!
Mutual Fund Industry: India and China
Published on 2012-08-15 23:51:00
Mumbai SkylineThere has always been comparison of India and China economies. In terms of mutual funds, China marches much ahead of India with their robust economic structure. Let us look at the facts of Mutual Fund industry in India and China.Mutual fund industry started in India in the year 1963. In China, till 1998 there was no mutual fund industry.Mutual Funds in India is about Rs 6.85 lakh crore with 1.8 lakh crore in equity schemes. China manages about 19.4 lakh crore, with almost all inves [..]
Decline of Mutual Fund Investments
Published on 2012-08-13 23:56:00
Even though Mutual Funds are arguably one of the best sources of generating income in long run, there has been a significant and consistent decline of mutual fund investment. First quarter of FY13 has seen a steady decline in number of equity folios with investors exiting.The number of exits between April 2012 - July 2012 has equaled 1/3rd of closures in last 2 years. As per SEBI, in July alone, more than 3 Lakh accounts were closed/cancelled.This is really a matter of concern. Primary reason of [..]
Top 10 Mutual Funds' favourite stocks
Published on 2012-08-13 05:46:00
Mutual funds invest money in stock market by buying shares of listed companies. On of the criteria of identifying a stock to buy, is the popularity of the stock among mutual funds. As we know, mutual funds are managed by well informed and professional fund managers, when most of the mutual fund managers bet on a particular stock, means the stock is worthy the money. Following is the the list of top 10 mutual fund favorite stocks:ICICI Bank: With market value of
How to evaluate a Mutual Fund
Published on 2012-08-10 01:03:00
There are plenty of mutual fund investment options to choose from the market. Mutual fund agents sell mutual fund products depending upon how much commission they would make and not on the basis of performance of the fund house. The one which gives them good commission becomes good fund for them. However, we are the ones who invest our hard earned money and it's our prerogative to understand which one to choose.
New Mutual Fund Trading Platform
Published on 2012-08-08 23:36:00
In a bid to increase mutual fund investment, AMFI (Association of Mutual Funds in India) has sent a proposal to SEBI (Securities and Exchange Board of India) to have a platform similar to shares and equity trading, for mutual funds investment. Similar to demat account, AMFI has proposed to create a unique CAN - Common Account Number, just like Demat account number for mutual fund investors. A person with one CAN can invest in any number of mutual funds in one go.SEBI seems to have approved this [..]
PAN Card Explained
Published on 2012-08-07 22:30:00
PAN: Permanent Account Number is one of the most important detail of an individual and organization.Following are the unique features of a PAN card:Is 10 digit alphanumeric number.First five characters are Letters, next four are numbers and last character, a letterPAN number can be divided into following 5 Parts:
P Chidambaram incentives for Mutual Funds of India
Published on 2012-08-07 01:22:00
P Chidambaram has said today that finance ministry will come up with quite a few measures to increase investment in mutual funds, considering most of the investment comes from metro cities of India. To quote "In the next few weeks, we will announce a number of decisions to attract more people to invest in mutual funds, insurance policies and other well-designed instruments", as we are aware with Pranab Mukherjee becoming the president of India, finance ministry has now been allocated to Mr Chi [..]
Mutual Fund Investment Value
Published on 2012-08-06 03:31:00
Tracking of your mutual fund investment is as important as your investment. It is very easy to track the value of your investment in a particular mutual fund. For this, we need to understand two terms:Number of Units: What you hold in a Mutual Fund is, the number of units of the mutual fund. For example when you invested Rs 5,000 on 'A' mutual fund which has NAV of Rs 10, what you actually get is 500 units of that mutual fund. So, 500 units is your holding in 'A' mutual fund.NAV: Net Asset Value [..]
Impact of Rupee Fall
Published on 2012-08-04 02:21:00
Indian Rupee looks to be getting weaker day by day primarily due to reduction in capital flow and European market fears. Experts believe the situation will not improve for a while. So, how does the rupee fall impact you and which industries/sectors loose/gain from this.Losers Importers : This community is drastically affected by the rupee fall. The companies which borrow raw materials from abroad have seen their cost increase and is eroding their profits. Many companies which have loan from inte [..]
International Mutual Funds
Published on 2012-08-03 04:23:00
International Mutual Funds are mutual funds which invest money predominantly in international market. If you understand economy of a particular international country well and know the sectors which are likely to perform well in that country, you may choose to invest in the mutual fund which invest money in that country and sector. However, before investing you should keep in mind forex exchange, political and economic scenario of the country.Following are the funds available in India which inves [..]
Gilt Funds
Published on 2012-08-02 05:56:00
To understand Gilt Funds, we need to know what are G-Secs.G-Secs are Government Securities, issued by Reserve Bank of India, on behalf of government of India. The Gilt Funds invest money in these G-Secs. Similar to debt funds, these are low risk mutual funds. However, unlike debt funds, which invest money in all debt instruments, Gilt Mutual Fund focus only one category of debt instrument, G-Secs. Long term and short term gilt funds are available to invest depending on investment horizon.Based o [..]
Best Performing Mutual Funds - Fidelity Equity Fund
Published on 2012-07-29 23:22:00
Statistics of a Mutual Fund reveals the performance of the fund. Following are the stats of a large cap Mutual Fund: Fidelity Equity Fund:Crisil Rank:1Top Holdings: ITC: 6.49%Reliance: 6.37%HDFC Bank: 5.52%ICICI Bank: 5.42%TCS: 4.07%SBI: 4.07%
SIP Renewal - Points to Remember
Published on 2012-07-25 06:01:00
As mentioned in previous posts, SIP is one of the best forms of investment. Following are important points to remember while renewing your SIP.Folio number will remain same while renewing SIP.Folio number must be KYC compliant. Mutual Fund company might send you a mail about ending of your SIP term along with SIP renewal form, else, SIP renewal form can be downloaded from the Mutual Fund website.You need to provide bank details and ECS mandate. This can be different from your earlier bank. Depen [..]
Tax Guide - Mutual Funds of India
Published on 2012-07-24 00:24:00
Taxation on mutual funds must be understood clearly so that returns are not eaten away by taxes. Broadly the mutual fund you purchase will be one of the following categories:Equity Mutual Fund.Liquid Fund - Money Market Fund.Debt Fund.Income generated from the mutual fund will be one of the following:Dividend. Short term Capital Gain (Holding 1year).
Points to remember while filing Tax Return
Published on 2012-07-22 23:43:00
Last date of filing tax in 31st July and we have by now received our Form 16 from the employer. Time now to file our returns.Pointers to note while filing tax:What is Form 16:Certificate issued by employer to employee with details of
File Your Income Tax Online for Free
Published on 2012-07-19 03:21:00
Create your account for free @ cleartax.inKeep your from 16 handy.Enter details from your form 16 to sections of the website, Personal Info, Income Sources, Deductions, Taxes Paid, Tax Filing.Click on the icon and file your return.You will receive acknowledgement number on your email.Register and login to income tax and get your ITR V with the above acknowledge number.Sign your ITR V and post it to CPC Bangalore, Post Bag No.1, Electronic City Post Office, Bengaluru 56010 via speed post or gener [..]
Contra Mutual Funds
Published on 2012-07-18 00:48:00
These funds, as the name suggests, take a "contra" view on stock selection. The stocks and sectors which are undervalued and currently underperforming are picked