Swarup Mohanty, Head of Sales – Mirae Asset Global Investments (India) Pvt. Ltd. has been internally elevated to the post of CEO.
Bonner says he expects the dollar-based credit boom to end and a massive correction to take place, but India will be relatively unaffected.
Sinha met leading brokers and chief investment officers (CIOs) of the top domestic mutual funds such as HDFC Mutual Fund, ICICI Prudential and Reliance.
The NAV of a fund is calculated by the mutual fund house itself or by an accounting firm hired by the mutual fund.
Bonds of HUDCO will pay 7.39 per cent for 10 years and 7.64 per cent for 15 years, marginally lower than the highest rates of 7.74 per cent paid by the previous issuer IREDA
Expectations of relative safety compared to equity schemes and tax benefits have made this product popular with investors.
Tenure-wise analysis of assets under management across investor types and categories showed that 54.58% of retail AUM stayed in equity mutual funds for more than two years.
Given the sharp dip in equities over the last couple of months, and fear to equities as an asset class, wealth managers are advising investors to opt for hybrid products.
Till recently, investor portfolios were heavily biased towards mid- and small-cap schemes. Now, advisors are asking clients to invest more in blue-chips.
Fourth Dimension Solutions Limited is the first SME to get listed on the NSE.
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