Budget 2020

How Franklin fiasco happened and what we learnt from it

Last year on April 24 a big decision taken by one of the AMC shook the entire mutual fund fraternity. I am talking about Franklin Templeton Mutual Fund’s decision to wind up 6 of its debt schemes. The sudden redemption pressure due to the following factors forced them to take the decision. So it was […]

Budget 2020

Should I make changes to my mutual fund portfolio?

I have been investing in mutual funds since July 2018. I currently invest Rs 10,000 each in the following funds: Mirae Asset Large Cap FundAxis Focused 25 FundSBI Small Cap FundAxis Midcap FundParag Parikh Flexi Cap FundMirae Asset Tax Saver Fund My risk profile is aggressive. My goal is making wealth in the long term […]

Budget 2020

Preference for passive funds and ETFs is a palpable change

The market has posted impressive gains since it hit the bottom on 23 March 2020. Over this one year, from March 2020 to March 2021, we will look at the relative allocation to the various mutual fund categories. Please note, the AUM data is at market valuation. That is, when the market is moving up, […]

Budget 2020

Mirae’s equity schemes may not figure in distributors’ recommended list

Mirae Asset Mutual Fund has slashed the commission it pays distributors to sell its products in an unprecedented move that has miffed these intermediaries. The fund house said the step is aimed at discouraging distributors to sell their products to reduce flows into its schemes mainly Midcap, Focused and Tax-Saving. Distributors claim the asset manager […]

Budget 2020

Mirae Asset launches NYSE FANG+ ETF and FOF

Mirae Asset Investment Managers India has announced the launch of India’s first FANG+ based products, ‘Mirae Asset NYSE FANG+ ETF’, an open-ended scheme tracking NYSE FANG+ Total Return Index and ‘Mirae Asset NYSE FANG + ETF Fund of Fund’, an open-ended fund of fund scheme predominantly investing in Mirae Asset NYSE FANG+ ETF. The NFO […]

Budget 2020

Mutual funds for a 24-year-old new investor

I am 24-year-old. I want to start investing in mutual funds and I am ready to take moderate risk. I want to invest for the next 30 years. My goal is to accumulate some money. Suggest some funds for long term investment. Along with it please suggest funds that can save tax. —Kaustubh Pingale First, […]

Budget 2020

Want to capture themes like ESG, robotics, AI? Try ETFs

The year 2020 witnessed a surge in the number of Exchange Traded Funds (ETFs) launched along with substantial inflows into these products. The year also saw the rise of innovation in the form of thematic products such as ESG, Target Maturity Debt ETF, Smart-Beta ETFs etc coming to the market. What is more important is […]

Budget 2020

All you need to know about international funds and diversification

Why is there a need to add international funds to portfolio? One needs to diversify equity mutual fund portfolios to reduce risks. At times, the Indian economy will go through rough patches and global markets will perform well and vice versa. Global markets have low correlation with Indian markets and hence help reduce risk. Also, […]