The Indian operations of Mirae Asset Capital Markets India will be headed by Benedict Ryu.
Financial planners believe investors would do well to invest and opt for the growth option.
We recommend long-term SIPs, accrual funds and balanced advantage and large-cap funds.
Ravi Gopalakrishnan, Head (Equities) at Canara Robeco Mutual Fund, has put in his papers.
The SBI Small & Midcap Fund, which was suspended for new investments in October 2015, will reopen for fresh subscriptions from May 16.
Many investors invest in tax-planning funds towards the end of the financial year by making a lumpsum investment.
To comply with Sebi's classification and rationalisation norms, fund houses have been re-categorising mutual fund schemes.
Tata Mutual Fund manages assets worth Rs 47,000 crore as on March 2018.
"From a pure valuation perspective compared to mid- 2017, we are in a better shape today."
Informed investors are buying units of closed-end equity mutual fund schemes, which are available at a discount of 8-10% to their NAV.
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