The FinTech Hub
Source: Live Mint This move aims to encourage first-time investors, particularly from low-income segments and underserved regions, to participate in mutual fund investments. Despite the mutual fund industry’s robust growth, a significant market remains untapped, offering immense potential for expansion. Untapped potential The country’s mutual fund industry has witnessed exponential growth in recent years. Total…
Source: Live Mint In a piece of good news for the stock market investors, the Narendra Modi government announced a proposal to raise the tax deducted at source (TDS) limit on dividend income in the Union Budget 2025-26 from ₹5,000 to ₹10,000. The move, which comes as part of TDS threshold rationalization, is a boost…
Source: Live Mint Capital market regulator Securities and Exchange Board of India (Sebi) has proposed a platform to give relief to those investors who have lost track of their mutual fund investment. By releasing a draft circular on Tuesday, Sebi has expressed the intent to launch a service platform, MITRA or Mutual Fund Investment Tracing…
Source: Live Mint As the Indian stock market undergoes rapid changes across all segments, mutual fund investors must strategically position themselves. Given the current macroeconomic environment, maintaining a spirit of diversification is crucial. Siddharth Maurya, Founder & Managing Director of Vibhavangal Anukulakara Private Limited, emphasises the importance of a balanced allocation among large, mid, and…
Source: Business Standard 4 min read Last Updated : Oct 15 2024 | 9:14 AM IST The equity assets under management (AUM) of domestic mutual funds (MFs), including equity-linked savings schemes (ELSS) and index funds, rose 3.3 per cent month-on-month (MoM) to reach Rs 33.8 trillion in September 2024. This growth was primarily fueled…
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…
Source: Business Standard Illustration: Binay Sinha 2 min read Last Updated : Oct 04 2024 | 12:04 PM IST The mutual fund industry in India is witnessing a significant influx of new investors from smaller cities, according to a study by Zerodha Fund House. The number of new investor folios has been steadily increasing on…
