Investors continue to prefer SIP option for investing in mutual funds, as the industry garnered over Rs 50,000 crore through this route in the first six months of 2020, up 3% from the year-ago period.
A Mutual Fund (MF) folio may be opened on behalf of a minor by a guardian, who should either be a natural guardian (i.e. father or mother) or a legal guardian appointed by the court.
Investors pumped in Rs 1.24 lakh crore into various mutual fund schemes in three months ended June 2020, with liquid and arbitrage segments contributing the most to the inflow.
MF industry’s long-term SIP has remained largely intact even in the lockdown quarter Apr-Jun 2020. Latest AMFI data shows that at the end of June nearly 17.8% of the industry’s total SIP AUM has remained active for over 5 years in the MF industry.
Capital markets regulator Sebi on Monday said valuation of market-linked debentures will be carried out by an agency appointed by mutual fund industry body Association of Mutual Funds in India (Amfi).
Association of Mutual Funds in India (AMFI) has revised the AUM transfer norms with effect from August 1, 2020. Here is a summary of the important guidelines to remember.
Many first-time investors wanted to invest in equities and equity-oriented instruments like mutual fund (MF) schemes when the markets fell – with the BSE Sensex dipping below the 26000 level.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.