SBI Mutual Fund announced the launch of SBI Automotive Opportunities Fund, an open-ended equity scheme that aims to unlock the potential of automotive and allied business activities. The new fund offer (NFO) opened for subscription on Friday, May 17, and will close on May 31. The fund’s investment universe includes original equipment manufacturers (OEMs), auto … Read more
Apps cherry-pick funds that performed well in the past to paint a rosy picture. There are about 1,500 schemes available at an investor’s disposal at any point. The easiest way for these fintech apps to avoid confusing investors with too many options is to throw them a list of best-performing funds. However, experts caution against … Read more
Unlike mutual funds, this particular fund is neither regulated by the Securities and Exchange Board of India, nor governed by the many rules that safeguard ordinary investors in mutual funds. The BGCI Index, which is designed to measure the performance of some of the largest cryptocurrencies including Bitcoin, Ethereum, Solana, and Polygon, has delivered 500% … Read more
Two mutual funds and an alternate investment fund, that are unitholders of Embassy Office Parks REIT (Real Estate Investment Trust), will vote against its resolution to raise ₹3,000 crore to acquire a business park in Chennai with an enterprise value of ₹1,269 crore on Monday. The grounds for opposition are that the proposed fund raise … Read more
As a result, you should stay true to wealth creation instead of getting carried away with the flow. Here, we list out some of the key money lessons that each investor should be mindful of. In fiscal 2025, you may want to follow these money lessons to achieve your financial goals in the long term. … Read more
The Association of Mutual Funds in India (Amfi) and Boston Consulting Group (BCG) published a report in August 2019 titled Unlocking the ₹100 Trillion Opportunity. The mutual fund (MF) industry had under ₹25 trillion of assets under management (AUM) in July 2019. We have come a long way since then. The industry’s AUM has more … Read more
Mutual fund (MF) investors in the country are spoilt for choice. There are 1,500-odd MF schemes that vie for investor attention. So, after making the right choice, what happens to the MF units that you buy? Read on. There are two ways to store your MF units— in a statement of account (SOA) with an … Read more