Mutual fund investments in stock markets halved to Rs 55,700 crore in the first 10 months of the year because of lower participation from retail investors. Fund managers had bought shares worth Rs 1.12 lakh crore during January-October 2018, according to the data provided by the Sebi. “Inflows from retail investors into mutual funds have slowed compared with a year ago. As a result, mutual funds deployment into stock markets has lowered,” said Vidya Bala, co-founder of Primeinvestor.in. “Despite markets moving to new highs, since the rally is restricted to select stocks, retail investors have not seen any positive impact on their wealth. Unless retail appetite increases this trend may continue,” she added. The frequency of investment is usually on a weekly, monthly or quarterly basis … [Read more...] about Mutual fund inflows into equities halve so far this year as retail investments slow
I have been investing in ICICI Prudential Midcap Fund since January 2018. I have a long investment horizon of 10 to 15 years. The performance of the fund is worsening day by day. Should I continue to invest in ICICI Prudential Midcap Fund? Or switch to ICICI Prudential Bluechip Fund or any other fund? What is the future of ICICI Prudential Midcap Fund? I need at least 15% return over 10 to 15 years.- Anwesha BhattacharyaYou are about to commit a common mistake done by many mutual fund investors. Getting in and out mutual funds based on their prevailing performance. You are currently investing in a mid cap scheme. The mid cap category has been doing badly since last one and a half years. Though the category got some respite after the recent rally, it is yet to bounce back in a big way. And large cap schemes have started performing recently and especially after the recent rally. However, you cannot get into the large cap mutual funds only because of their better performance. In fact, … [Read more...] about Should I stop investing in ICICI Prudential Midcap Fund?
Video PlayerClose KUALA LUMPUR, Nov. 18 (Xinhua) -- A Malaysian court started hearings Monday on former Prime Minister Najib Razak over tampering the final audit report on state investment fund 1Malaysia Development Berhad (1MDB). Najib showed up at the high court in Kuala Lumpur for the hearings together with his co-defendant 1MDB former chief executive officer (CEO) Arul Kanda Kandasamy. Najib was charged last December for using his position as prime minister to protect himself from ethical, civil or criminal actions against him in relation to 1MDB, by ordering the alteration of the final audit report before it was presented to the Public Accounts Committee (PAC), a committee of Malaysia's parliament tasked with reviewing the country's public accounts. Arul had been charged separately for abetting the offense. Najib has asked to postpone the trial but his request was rejected by the court. The 66-year-old is currently preparing to enter his defense in the case related to SRC … [Read more...] about Former Malaysian PM Najib faces fresh trial over tampering with 1MDB report
I am investing Rs 6,000 in HDFC Small Cap Fund (for daughter's higher education), Rs 6,000 in Franklin India Smaller Companies Fund (for son's higher education), Rs 5,000 in Franklin India Focused Equity Fund (for my retirement), Rs 7,000 in SBI Small Cap Fund (for daughter's marriage) and Rs 6,000 in Axis Long Term Equity Fund (for my retirement) through SIPs. My investment horizon is 15+ years. My daughter is two years old and my son is one year old. My retirement date is 30th June 2046. I am also investing Rs 10,000 in Sukanya Samriddhi Yojana for my daughter's marriage. I have started these investments in June 2019.I have a LIC Jeevan Anand of Rs 7 lakh, postal life Insurance of Rs 10 lakh, and a term insurance from TATA AIG for Rs 75 lakh. Will these investments take care of my future obligations? Please suggest ---Nikhil RajVishal Dhawan, Founder, Plan Ahead Wealth Advisors, responds:You have too many small cap funds in your mutual fund portfolio. Even though you have a long … [Read more...] about Will these mutual funds take care of my obligations like children’s education, marriage?
MUMBAI: The government has set up a screening committee to track the status of bankruptcy cases in which promoters are suspected to have siphoned off funds as it looks to crack down on such diversions, four people aware of the matter told ET. The committee will check if there is fraud by communicating directly with the resolution professional (RP) in charge of the process so that prompt action can be initiated by the government. The government is excluding lenders as they may not be forthcoming with crucial information in certain cases, said the people cited above. The screening committee includes additional corporate affairs secretary Anjali Bhawara and two-three members of the Insolvency and Bankruptcy Board of India (IBBI). The move is also aimed at preventing errant promoters fleeing the country, one of the persons said. “We are asking the RPs to make presentations to the IBBI regarding any wrongdoing that they come across while executing the corporate insolvency process … [Read more...] about Fund diversions in bankruptcy cases: Govt panel to check ‘fraud’ by promoters