The IFFL Mutual Fund had launched an open-ended fund that they have called the IFFL Dividend Opportunities Index Fund. According to their chief executive Mr Gopinath Natarajan, the objective of this new type of fund is to provide good returns to their investors where they will be encourage investing in 50 high – dividend yielding […]
Even the third consecutive quarter did not yield any positive results for the mutual fund industry; the total assets reduced by about 5percent which is Rs.36, 000 crore for the fiscal year which ended on 31st March 2011-12. It is now at two year lowest, the average asset under management (AUM) of the industry dipped […]
The Indian Mutual Fund Industry’s assets increased to Rs. 6.75 trillion by the end of February 2012, recording an increase of Rs. 161 billion over Rs. 6.59 trillion in February. According to Crisil Research, the 2% month-on-month rise in mutual fund assets in February 2012 was largely because of mark-t-market gains jagged by equity funds […]
Tax saving funds is for those people who are willing to take risk in the market. More than this, it is also an opportunity to create wealth in one’s tax-saving portfolio. The lock-in period for 3 years encourages long-term investment, which is a pre-requisite for fruitful return on equity investments. JPMorgan Chase JP Morgan India […]
The scheduled launched for the Association of Mutual Funds of India (AMFI) online mutual fund transaction platform has been delayed once again, due to a delay in vendor selection. The launched was previously scheduled to go through on April, but has now been rescheduled to the second half of this year. According to Mr V. […]
