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AASHISH SOMAIYA
Indiabulls hires ICICI Pru MFs Raghav Iyengar to head its MF businessMutual funds have seen rapid growth in assets under management, as Indians move from physical savings to financial savings, leading to a sh...
Investors keep faith in MFs despite LTCG tax, volatilityMany investors waiting for a correction used the recent fall as an opportunity.
Investors flock to equity-linked savings schemes in search of better returnsThese schemes delivered 17% and 16% over a 5and 10-year period respectively , which is higher than fixed income investments in the tax savi...
Inflows into ELSS Plans surge in FebruaryWealth advisors say while the demand for ELSS was partly because of the financial year-end rush, investors are increasingly going for syste...
MFs told to share details of direct plans with advisorsIn this plan, investors put money directly into the scheme, resulting in brokerage or distribution charges being excluded from the total ex...
Equity AUM of mutual funds doubles in a yearEquity assets under management (AUM) of mutual funds in the last one year have grown the most in nine years.