Setalvad says positive surprises may emerge on the rural consumption front amid favourable monsoon and a low base
Says higher tax will disrupt financialisation of savings
Since April '23, they've amassed Rs 42,980 crore, leaving BAFs trailing at Rs 14,033 crore
The fund will invest up to 35 per cent of the corpus in global stocks as and when the foreign investment limit is raised
Badshah says that the hike in capital gains taxation is an adverse development, but given the high growth trajectory of domestic equities, it shouldn't be a major worry
Amfi's hammer fall: No 'incentivisation programmes' beyond Indian shores
Data from the Association of Mutual Funds in India (Amfi) pegs the index fund retail accounts or folios at 7.2 million in March 2024
The fund house cited a surge in investment opportunities as the reason behind the decision
While gold, silver, and international exchange-traded funds (ETFs) will qualify for the 12.5 per cent LTCG taxation in 12 months as they are listed on exchanges
Adjusted for fall in NAV, AUM of gold ETFs remain unaffected
According to MF officials, these offerings had unintentionally got classified as debt funds last year, and this budget makes a course correction
In the financial years ending March 2023 and March 2022, MFs had cornered over 6 per cent of household savings. In FY21, this figure had been a mere 1.3 per cent, according to RBI data
After record share purchases in recent months, mutual funds (MFs) have eased off the buying pedal
SBI hits the mother lode: Rs 1,000 crore payoff from its mutual fund
The current government, right from 2014, has shown an inclination to maintain fiscal discipline, he says
Industry experts believe it may eat into some of the existing assets of MFs, PMS
Large AMCs to expedite setting up of institutional mechanism
AlphaGrep Securities joins Jio and two others in line for in-principle approval
Recoveries from SIP accounts in June stood at over Rs 10,000 crore for seventh straight month
The report noted that the 8.7 per cent month-on-month rise in AUM was fueled by a rise in market indices and a jump in fresh inflows