Several Fixed Maturity Plans are likely to hit market soon. Should you invest?With interest rates at higher levels, traditional saving instruments like FDs have started looking attractive to investors. Similarly, fixe...
Kotak Mahindra AMC gets relief from SATThe Securities Appellate Tribunal has partly stayed a Sebi order, which had directed Kotak Mahindra Asset Management Company to refund a pa...
Kotak Mutual Fund merges FMP Series 246 into Corporate Bond Fund. Should you exit or stay?Kotak Mutual Fund has decided to merge Kotak FMP Series 246 into Kotak Corporate Bond Fund. The fund house has sent a letter to the investo...
Kotak AMC barred from floating new FMPs for 6 months, fined Rs 50 lakhsThese schemes had invested Rs 400 crore in various zero coupon non-convertible debentures of two companies — Konti Infrapower and Edision U...
Sebi penalises Kotak AMC in 2019 default case; bars it from launching new FMPsSecurities and Exchange Board of India, today barred the Kotak Mahindra Asset Management Company (AMC) from launching any new fixed maturit...
Sebi bars Kotak AMC from launching new FMP schemes for 6 months, imposes Rs 50 lakh penaltyThe order was passed after the markets regulator noticed the investors of certain FMPs launched by Kotak Mahindra Mutual Fund were not paid...
Should AMCs bail out mutual fund investors? Here's what experts sayThe decision by HDFC AMC to buy Rs 500 crore worth of bonds issued by Essel Group from its FMPs has raised serious questions among industry...
HDFC MF to buy Rs 500-crore NCDs of Essel Group from its debt schemesMutual funds collectively held Rs 7,000 crore worth of Essel papers.
Sebi sends notice to HDFC, Kotak MFs, questions pact with EsselThis would be the first time Sebi has questioned the pact between fund houses and Essel.
Mutual Fund FMPs hit by defaults: What investors should knowET Wealth answers 6 key questions on FMP defaults by MFs in order to explain what it means for investors.
Why open-ended debt mutual funds score over Fixed Maturity PlansBecause of valuation norms and short-term volatilities in the market, returns of open-ended scheme might not seem attractive at that moment...
Kotak Mutual Fund’s Nilesh Shah reassures investorsShah explained the rationale behind the fund house’s decision to allow Essel Group more time to pay the money back.
Relax, every chest pain is not heart attack, Kotak’s Lakshmi Iyer on FMP jittersKotak Mutual Fund earlier this week delayed full redemption in several fixed maturity plans.
Worried about investments in FMPs? Here's what mutual fund investors should doInvestors are worried after news of 6 FMPs of Kotak not being able to fully redeem their investments broke.
Some FMPs of Kotak may not pay full amount on maturityInvestors in some FMPs of Kotak Mutual Fund that mature between April 8 and May end, will not get their full redemption amount back on matu...
Mutual fund houses launched 46 FMPs in July. Should you invest?Mutual fund houses are busy launching fixed maturity plans with a tenure of a little over 1,095 days or 36 months.
Investors lap up FMPs as yields firm upWealth managers believe investors find rates above 8% attractive to lock in and some money is shifting from debt fund categories which fare...