Distributors said this downgrade could result in the NAV of these schemes dipping proportionate to their exposure to JSPL papers.
Returns from Franklin India Bluechip Fund’s are a meagre 5.19%, while HDFC Equity’s are down to -0.21%, and ICICI Prudential Focused Bluechip Fund’s are down to 4.04 %.
Investors who have put money into equity mutual funds, through Systematic Investment Plans (SIP) two years back are seeing their investments in the red.
MFU has launched “FillEezz”, a facility which enables Individual Investors or their distributor to fill up the form online.
Patience, perseverance and focus are the key to success over the long term in equity investments.
The AUM of the mutual fund industry, as a whole, declined marginally by Rs 1,121 crore to Rs 12.73 lakh crore in January from 12.74 lakh crore in December.
DSP BlackRock India Investor Pulse Survey reflects high levels of positivity and confidence among Indians.
Three fund houses launch new schemes, more likely to follow soon; losses in similar offerings earlier could cap investor interest, say experts.
Kotak Mahindra Bank is now the second most valuable private lender, having overtaken ICICI Bank, the country’s largest private lender by assets, in market value.
Swarup Mohanty, Head of Sales – Mirae Asset Global Investments (India) Pvt. Ltd. has been internally elevated to the post of CEO.
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