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On digital channels as many as 40-45% of the investors seek advice on asset allocation and investment tools for goal planning such as child’s education and retirement
"Lessons from last year and faith in the ongoing vaccination drive have helped the markets sustain its momentum," Nilesh Shah, MD of Kotak Mahindra AMC told Money9 in the first episode of Mutual Fund Masters
If you are someone who doesn’t have any liabilities and yet managed to save a decent chunk of money in the past one year and are not looking to spend that money, then equity-based mutual funds are a good investment option
SEBI's new rule related to fund managers has evoked diverse reactions but the key takeaway has been that the regulator is seriously looking to plug loopholes that will be detrimental to investors
Experts are of the opinion that since its sectoral fund it is ideal for a matured investor who understands the sector and knows when to exit
The AMFI Registration Number (ARN) is the unique code, which identifies the intermediary as AMFI Registered Mutual Fund Distributor (ARMFD). The body has reduced the fees by 50 per cent of the existing rates, with effect from 1st May 2021.
If fund managers have a stake in their schemes and are likely to be financially pinched by their judgments, they might become cautious in the investments they make and be less prone to taking reckless bets.
"Investors derive comfort when their advisors and fund managers do what is actually being said to them," he said
Fund managers and key employees investing in their own schemes could be a comforting element for many investors, provided it is done voluntarily
The new rule is expected to bring greater consistency and will come into effect from July 1