Posts Tagged “fund”

Will these mutual funds help me to fund my child’s education, marriage

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Will these mutual funds help me to fund my child’s education, marriage

I am 30 years old. My goals are as follows: For child’s higher education: Rs 60 to 70 lakhs after 20 years. For child’s marriage: Rs 1.5 crore after 25 years. For my retirement: Rs 2 crore after 30 years. My current investment are: PPF: Rs 3.5 lakh Reliance Retirement Fund – Wealth Creation Scheme-Growth ★★★★★…

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Mutual fund managers are bullish on small and mid caps; should you invest?

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Mutual fund managers are bullish on small and mid caps; should you invest?

Many market pundits may be writing off mid cap and small cap segments, but some mutual fund managers believe that time is ripe to invest in mid cap and small cap mutual fund schemes. “We are bullish on small and mid caps. There are many small and mid caps which have become very attractive, even more than large caps….

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Five-year mutual fund returns fall below PPF’s, but all is not lost

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Five-year mutual fund returns fall below PPF’s, but all is not lost

The economic slowdown, which has been gathering pace since the start of 2018, has now come to bite mutual fund returns. Key equity mutual fund categories have delivered lower returns than the Public Provident Fund (PPF), a risk- and tax-free debt instrument, in the last five years, even as more and more people are now…

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Filters to apply before exiting an underperforming mutual fund

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Filters to apply before exiting an underperforming mutual fund

Investments in actively managed mutual funds meant for the long term may sometimes warrant a second look and even a change. So when do you exit a mutual fund scheme and replace it with another? If the suitability of the scheme in terms of risk given the investor’s need for growth, stability and liquidity is not an…

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Kotak Special Situations Fund gets commitments worth $1 billion

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Kotak Special Situations Fund gets commitments worth $1 billion

Kotak Special Situations Fund, which aims to invest in distressed assets, has reached its final close with total commitments of $1 billion ( ₹7,000 crore) from investors, a top executive said. The fund, launched in February 2019, is anchored by a $500 million commitment from sovereign wealth fund Abu Dhabi Investment Authority (ADIA). The fund will be managed…

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Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr

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Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for ₹4,224 cr

New Delhi: US-based Invesco-Oppenheimer Developing Markets Fund has agreed to pick up 11% stake in Zee Entertainment Enterprises Ltd (ZEEL), the flagship media company of Subhash Chandra’s Essel Group. The stake sale will be for a total consideration value of up to ₹4,224 crore, the company said in a press statement. The proceeds from the stake sale will go…

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Fund of Funds is a better fit for DIY investors

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Fund of Funds is a better fit for DIY investors

The budget had nothing much for mutual funds to talk about. But there is one provision that is likely to bring some cheer to a certain category of mutual funds—the fund of funds (FoF). FoFs are mutual fund schemes that invest in other mutual fund schemes. In other words, the scheme does not hold shares or bonds…

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Axis Mutual Fund launches Axis Money Market Fund

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Axis Mutual Fund launches Axis Money Market Fund

Axis Mutual Fund has launched Axis Money Market Fund. The scheme is an open-ended debt fund which will invest in AAA and equivalent high quality short term investments with high grade short term rating. The NFO of Axis Money Market Fund opens today and will close on August 01. The scheme will be benchmarked against NIFTY Money Market index. The…

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Millennials almost half of new mutual fund investors in FY19

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Millennials almost half of new mutual fund investors in FY19

NEW DELHI: More and more millennials are taking to mutual fund investing and are letting their corpuses grow by holding them over long terms. According to data from Computer Age Management Services (Cams), a transfer agency which services 68% of MFs in India, of the 3.6 million new MF investors it onboarded in FY18-19, 47% (1.7 million) were…

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Lightspeed: The fund that bets on getting in early

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Lightspeed: The fund that bets on getting in early

When Lightspeed India Partners set up its first India fund, worth $135 million (₹926 crore), in 2015, it had already had a taste of the potential of Indian startups. Beginning with a $7 million (₹48 crore) investment in online tutorial Tutorvista in 2006, the US-based Lightspeed Venture Partners had zeroed in on future unicorn Oyo…

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Unicorn India Ventures launches ₹400 crore tech-focused fund

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Unicorn India Ventures launches ₹400 crore tech-focused fund

MUMBAI: Unicorn India Ventures has launched a ₹400 crore fund, its third venture capital fund, to back companies at the pre-Series A and Series A stage, said managing partner Anil Joshi. The fund, which has already received commitments worth ₹50 crore, aims to invest exclusively in business-to-business technology startups, including software-as-a-service, artificial intelligence, machine learning, and Internet of…

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Invest in a thematic mutual fund only if you’re convinced about the sector’s growth

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Invest in a thematic mutual fund only if you’re convinced about the sector’s growth

I have been investing ₹25,000 in mutual funds each month through systematic investment plans (SIPs) for a year now. I am investing in ICICI Prudential Bluechip Fund, HDFC Hybrid Equity Fund, Tata India Consumer Fund, Axis Long term Equity Fund and Mirae Asset India Equity Fund. All my investments are direct plans (growth option). I want…

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Tata Mutual Fund launches India’s first mutual fund side pocket

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Tata Mutual Fund launches India’s first mutual fund side pocket

Tata Mutual Fund has announced plans to introduce segregated portfolios (side pockets) in three schemes hit by the DHFL debt crisis – Tata Corporate Bond Fund, Tata Medium Term Fund and Tata Treasury Advantage Fund. It has also suspended fresh inflows into these schemes. This instance is India’s first formal use of the side pocketing provisions introduced…

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How to fund your start-up dream

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How to fund your start-up dream

MUMBAI: “Ideas are cheap, execution is everything,” said Chris Sacca, an early investor in Twitter and Uber. And, an important component which impacts the execution is money. Sahil Isai, co-founder (marketing) of Walkers Unltd, a dog-walking company which provides certified walkers and trainers for your dogs, says, “Our dog-walking company is founded by a group of…

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