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.
With FundsIndia ratings, investors would not only have access to investment-worthy funds through Select Funds, but also get an idea of where their other current holdings stand, in relation to category peers.
At Motilal Oswal, Badshah managed the Motilal Oswal MOSt Focused 25 Fund and Motilal Oswal MOSt Focused Midcap 30 Fund.
A perpetual bond works like a life-time, irredeemable fixed deposit, with bond holders getting fixed coupon every year.
STP is a facility provided by the mutual fund house that allows investors to invest a lump sum amount in one scheme and transfer regularly a pre-defined amount into another scheme.
Mutual funds increased exposure in beaten-down IT large caps. Selling pressure was seen in energy counters. Selling was seen in large cap names — ONGC, Indian Oil and Coal India.
In the past two decades, the scheme has consistently beaten its benchmark, S&P Sensex, by a wide margin.
Aggressive fixed income investors could invest in dynamic bond funds, income funds and gilt funds, which will benefit from falling rates (or yields).
"The acquisition is part of our strategy to become a financial services conglomerate,” said Amitabh Chaturvedi, Managing Director of Essel Finance Management.
Distributors are all geared to pitch in mutual funds products to these investors many of whom will be first timers.
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