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AXE MUTUAL FUND
Don't blindly trust any brand, company to last forever, track new flows to better investing, advises this MF house CEOCapitalmind Mutual Fund, the newest entrant in the Rs.75 tn Indian MF industry, relies on quant-based, data-driven strategies over subjecti...
Buy Eternal & Swiggy, sell Nykaa & BSE: Latest investing mantra of mutual fundsMutual funds significantly increased their investments in Eternal and Swiggy, allocating approximately Rs 7,500 crore in May, while simulta...
Banks could expect more deposits after mutual funds lose indexation benefitOn Friday, the Lok Sabha passed the Finance Bill 2023 with some amendments. According to the Bill, mutual funds having less than 35% assets...
Better.com CEO Vishal Garg apologises after firing 900 employees on a Zoom call, says he 'blundered the execution'After the video went viral, the CEO has now apologised for the way he conducted himself.
'Totally wrong & heartless.' India Inc slams Vishal Garg for firing 900 employees on Zoom meet, calls for 'compassion & dignity at the workplace'Better.com CEO Vishal Garg last week gave pink slips to a group of over 900 employees.
2019: The year stock traders became an endangered speciesFor a decade now, the number of stock traders has steadily declined.
Introduction of LTCG tax in equity mutual funds may see investors moving to ULIPsThe introduction of long term capital gains tax on equity mutual fund schemes may result in some investors moving away from these schemes a...
Mutual funds line up dividends on ELSS to woo tax saversDespite the poor show by the markets, sales in ELSS increased 12% year-on-year to Rs 2,154 crore in January and February.
PPF, NSC rates to be cut; bank FDs may fetch lower interestThe finance ministry is finalizing product-specific rates and sources said the impact would be higher in case of maturity period of less th...
Recent direction to force MF distributors to pay service tax ill-advisedRecent direction taken by the fund industry may be counter-productive and be harmful for the development of fund investing in India.
- Heard on the Street
In an an attempt to boost distribution and build their asset base, small-sized fund houses are ramping up commission on equity schemes.
- Heard on the Street
Shares of fertiliser companies declined, after reports that the department of fertilisers has decided to go ahead with its earlier plan to ...
- Tax saver funds see spurt in pullouts
Equity linked savings schemes investors too have joined the party pulling out Rs 1083 cr in August-October alone, 127.4% higher than same p...
- Know your risk appetite before buying a scheme
With over 1,000 mutual fund schemes overwhelming the market, it takes some skills to select the right one. offers some helpful tips.
- Heard on the Street
As the going gets tough, the season of mergers and takeovers in the mutual fund industry appears to have got underway.
- DSP Merrill Lynch kicks off job cuts
Sources said DSP Merrill Lynch has cut jobs across levels, including structured finance, derivatives, fixed income, currency, etc. Shrinkin...
- Another scheme to unearth black money on the cards
The government is expected to launch another scheme to unearth black money in the coming Budget.