Mutual funds sahi hai? This is one of the jokes doing the rounds after the latest Amfi data showed that investors are selling their mutual fund investments in a big way. After riding high on the successful Amfi campaign of Mutual funds sahi hai for a little over three years, the industry is facing rough weather. According to mutual fund intermediaries, the trend is a culmination of a series of mishaps in the MF universe in the last two years along with the economic disruptions caused by the pandemic. Mutual fund advisors and financial planners believe that profit booking is not the only reason for the sharp fall in mutual fund net inflows in June. They say that investors have lost some amount of trust on mutual funds because of the recent events in the debt mutual fund universe. "Investors barely regained trust after the previous downgrades because schemes proved their worth. Many investors moved to AMCs which were promising. AMCs like Mirae and IDFC which have taken a concious call … [Read more...] about Are investors losing faith in mutual funds?
Shortly after the opening bell, the Dow Jones Industrial Average rose 20.52 points, or 0.08 percent, to 25,726.61. The S&P 500 was up 2.85 points, or 0.09 percent, to 3,154.90. The Nasdaq Composite Index increased 0.54 points, or 0.01 percent, to 10,548.29. … [Read more...] about U.S. stocks open slightly higher as investors weigh coronavirus impact
India has emerged as the second highest investor in the United Kingdom, with 120 new projects and creating 5,429 jobs in 2019-20, the Department for International Trade said on Friday, reflecting continuing confidence among Indian companies in a UK-base in the post-Brexit scenario. … [Read more...] about With 120 projects, over 5k jobs, India now second biggest investor in UK
ET Intelligence Group Three unrelated developments have the potential to make corporate social responsibility (CSR) initiatives necessary monitorables for the average investor: Companies under pressure to act responsibly: Social movements garner public support and sympathy – compelling companies to demonstrate their support. Socially responsible actions of companies are coming at a cost that investors need to be aware of. For instance, HUL dropped the word ‘Fair’ from its popular and profitable skin cream brand Fair & lovely. Change in the name of a decades old brand could have some impact on the sales of the skin product, something investors would be keen to quantify. Globally, Unilever and other consumer companies pulled their advertising from Facebook as part of the ‘stop hate for profit’ campaign, which wants the social network to implement stricter measures to curb hateful and racist content. Proposal to allow the trading of CSR Credits: A … [Read more...] about ETIG Analysis: Why is CSR set to turn from ‘good to know’ to ‘need to know’ for investors?
Parag Parikh Long Term Equity Fund is one of the most talked about equity schemes these days. The scheme has been topping the chart in one-, three- and five-year horizons. Shivani Bazaz of ETMuutualFunds.com reached out to Neil Parikh, CEO of the fund house, to find out about his plans for the fund house that completed seven years recently. “Having a good investment experience is crucial to creating a community I spoke earlier about. This will ensure we create ambassadors for the fund who will create good word of mouth marketing for us,” say Parikh. Edited interview. You tweeted on Tuesday that Parag Parikh Long Term Equity Fund’s NAV has hit an all-time high. Congratulations. It must have been a satisfying journey, starting out small and sticking to your rules and be able to make a mark in a highly competitive industry. How do you see it? Thank you for the kind wishes. In these times of COVID, it is important to celebrate small successes and live in the moment. … [Read more...] about Goal is to create a community of like-minded investors, says Neil Parikh of PPFAS Mutual Fund