Budget 2020

CAMS launches eKYC using OTP based Aadhaar verification for MF investors

Technology driven financial infrastructure and services provider Computer Age Management Services (CAMS) has unveiled an e-KYC facility using an one time password based Aadhaar verification to serve the new mutual fund investors. has developed the solution that would enable new investors to complete the KYC process digitally with OTP based Aadhaar Authentication and it was […]

Budget 2020

RBI policy rates: RBI holds policy rates again. What is in store for debt mutual fund investors?

The Reserve Bank of India has decided to hold policy rates in its bi-monthly monetary policy meeting held from 5-7 April. The central bank kept the policy repo rate unchanged at 4.00% and reverse repo rate at 3.35% in the April policy meet. The RBI has also decided to continue with its accommodative stance. “The […]

Budget 2020

I want to invest Rs 40,000 a month in equity mutual funds. Which schemes should I consider?

I am 44 with a good appetite for risk. I can spare Rs 40,000 a month to invest in equity mutual funds for eight to 10 years. Please suggest some good mutual funds keeping diversification in mind. Does it make more sense to invest in lump sums on days the market falls substantially? Dev Ashish, […]

Budget 2020

Can cryptocurrency help in creating wealth for the long term?

I am a 20-year-old student of finance. I have been investing in equity and fixed assets for about a year. I want to explore other asset classes as well. Should I consider cryptocurrency? If yes, then how do I go about it? What would you suggest I do to create wealth for the long term? […]

Budget 2020

Is a mutual fund legally liable if it deviates from its advertised investment strategy?

Mutual fund schemes are categorised as belonging to a particular SEBI specified category (e.g. Short term, medium term, large cap etc) and following a pre-specified investment strategy such as investing in financial instruments of a specific duration. People investing in these schemes also plan their investments and taxation on the basis of the investment strategy […]

Budget 2020

Franklin Templeton MF’s six shut schemes generate Rs 15,776 cr

Franklin Templeton Mutual Fund on Friday said its six shut schemes have received Rs 15,776 crore from maturities, pre-payments and coupon payments since closing down in April, 2020. The fund house shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market. The schemes — Franklin […]

Budget 2020

No plans to exit India biz: Franklin Templeton’s Sanjay Sapre

Franklin Templeton Mutual Fund on Friday said its commitment to India remains ‘steadfast’ and the fund house has no plans to exit its operations in the country. This comes following media reports suggesting intervention by the fund house’s US-headquartered parent seeking the diplomatic route for a “just and fair” hearing by market regulator Sebi in […]

Budget 2020

As market moderates, Robinhoods may seek safety of MFs, Ulips

MUMBAI: One of the biggest stories of the financial year gone by was the great migration of retail investors in the country from mutual funds to direct equity. Disheartened by mediocre returns from mutual funds and armed with zero-cost mobile trading applications, millions of retail and high net-worth investors chose to dip into direct equity […]