Edelweiss GPS is powered by the internally developed proprietary asset allocation and mutual fund selection algorithm.
Stock prices could be affected by a number of variables which could be company fundamentals or even the external environment.
Three years back, the Nifty Midcap 50 traded at a PE of 12, compared with the Nifty PE of 18.4, making midcaps an attractive bet for investors.
"Due to note ban, there will be temporary impact on business activity and some near-term loss due to liquidity crunch. However, this is expected to normalise over the next 3-6 months"
Domestic investors wanting to cash in on this opportunity could invest in units of local mutual funds that invest directly in US stocks or in offshore US schemes.
For the first 25 days of the month, mobilisation through retail-oriented schemes-equity mutual funds, balanced funds and ELSS funds -are close to Rs 11,000 crore.
MF Utility has launched the eCAN, an electronic account opening option for existing KYC compliant Individual Investors.
The App is a smart investment option which provides users with an active vehicle to help grow their savings while maintaining the convenience of liquidity.
Experts suggest parents use this money fruitfully and invest it in mutual funds in the name of the minor child.
Interest rates on bank fixed deposits fell post demonetisation. Banks like SBI, ICICI Bank, HDFC Bank, Kotak Bank have all cut fixed deposit rates by 15-25 bps.
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