Net inflows into equity mutual funds fell a whopping 57 per cent to a 30-month low in April but SIP investors kept the faith with a 17% rise in flows over the year-ago period. Data released by the Association of Mutual Funds of India showed equity inflows for April at Rs 4,608 crore, down 42% when compared with March 2019’s inflows of Rs 9,014 crore. Retail investors stayed steady with systematic investment plan (SIP) inflows growing 2% over March and 17.8% over April last year to ₹8,238.28 crore. Temporary profit-booking due to uncertainty over the outcome of the general elections is one reason. Rupesh Bhansali, head-mutual funds, GEPL Capital, said: “A large portion of the outflows from equities can be attributed to HNIs and ultra-HNIs who are playing it safe by booking profits before the elections. We think, HNIs would re-enter the market post the outcome of the general elections.” “Overall, nervousness in the markets owing to credit events, rating … [Read more...] about Equity MFs see 42% fall in net inflows in a month
Mutual fund sip
My PPF account will complete 20 years in March. Can I leave this account as it is to earn interest every year or should I deposit cash for another 5 years? How many times can I withdraw from the PPF in the next 5 years? I am 60.Ankur Choudhary Co-Founder and CIO, Goalwise replies: You can keep the PPF account operative without making any fresh contributions and continue to earn tax-free interest. You can make only one withdrawal every financial year but there is no limit on the amount. If you choose to contribute for another 5 years, then you can still withdraw once every financial year but the sum of all withdrawals during the 5-year extension cannot exceed 60% of the balance at the start of the extension. If liquidity is not a concern, then you can continue your PPF account with contribution as it will be like a tax-free 5-year FD. I am 42 and my husband is 45. Our 18-year-old son will be completing his degree in two years and then go abroad for his masters. We want to save for his … [Read more...] about My PPF account will mature soon. Can I keep it active without making fresh contributions?
बचत और निवेश की आदत विकसित करने के लिए नियमित रूप से एक छोटी रकम अलग कर देना अच्छा होता है. इससे निवेशक अपने नियमित खर्चों को मैनेज कर पाते हैं. इसके अलावा समय गुजरने के साथ … [Read more...] about सिप से म्यूचुअल फंड, शेयर और रेकरिंग डिपॉजिट में निवेश का क्या है तरीका?
By R Venkataraman The opening lines of A Tale of Two Cities is most apt to summarize the state of the Indian stock market and the economy: The stock market that trades at highs is having the best of times whereas the faltering economic growth is facing the worst of times. It is the epoch of belief that Indian economy will hit the $5 trillion GDP mark and how it will get there is the epoch of incredulity. It is also the season of hope that worst is behind us and season of darkness, especially on various fronts like employment. And so on. During my recent travels and meetings with different types of investors and corporates of all sizes, the common question was: “Why is the market going up when the economy is struggling?” And in spite of Sensex ruling above the 40,000 mark and Nifty above 12,000, no one seems to be happy. In the past, such psychological levels have been celebrated by releasing balloons from top of stock exchanges and TV anchors coming out in their creative … [Read more...] about Rising markets, falling economy: Which indicator will reverse first?