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Source: Live Mint Unlike direct investment in stocks, which involves cumbersome account setups, regulatory complexities, and high costs for Portfolio Investment Scheme (PIS) or Non-PIS demat accounts, mutual funds offer a streamlined and cost-effective alternative. Mutual funds also allow a person to spread risk across market caps, sectors and asset classes, providing NRIs with professionally…
Source: Live Mint The Securities and Exchange Board of India (Sebi) has permitted mutual funds (MFs) to invest in overseas mutual funds or unit trusts that invest a portion of their assets in Indian securities. Through this regulation, Sebi aims to ease investments in overseas mutual funds and bring transparency to investments. “In order to…
Source: Live Mint SBI Mutual Fund, the country’s largest asset management company (AMC), has achieved a record average asset under management (AAUM) of ₹10.99 lakh crore in the September quarter (Q2 FY25), according to data from the Association of Mutual Funds in India (AMFI). The fund house concluded FY24 with an AAUM of ₹9.14 lakh…
Source: Business Standard Illustration: Binay Sinha 3 min read Last Updated : Oct 11 2024 | 3:55 PM IST Edelweiss Asset Management on Friday launched two funds- the ‘Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund (Index Fund) and the Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund ETF (ETF)’. The New Fund…
