SEBI slashes Total Expense Ratio (TER) of Mutual Funds

In September, in its board meeting, SEBI announced slashing of Total Expense Ratio (TER) of Mutual Funds. This decision is attributed to bring transparency in the appropriation of expenses, curb miss-selling and churning. The decision has been taken upon considering the economies of scale. The result of this will make mutual funds cheaper and transparent …

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The Best Fund Managers of 2018

This post was published by The Economic Times and Morningstar. ET wealth teamed up with Morningstar India to rank the best fund managers of India across various equity categories based on their 5-year risk-adjusted returns. Here is the list of the top 15 equity fund managers in India. Large-Cap Neelesh Surana, Mirae Asset Mutual Fund Harsha …

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Kotak Select Focus renamed to Kotak Standard Multicap Fund

Last updated on January 31st, 2019Kotak Select Focus Fund has been renamed to Kotak Standard Multicap Fund. Kotak Standard Multicap Fund is a fund in the multi-cap category. Initially, it was called Kotak Select Focus Fund. Following the introduction of new rules by the Securities and Exchange Board of India (SEBI) for rationalization of mutual fund …

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HDFC Prudence Fund converted into HDFC Balanced Advantage fund

Last updated on February 12th, 2019India’s largest and most popular mutual fund scheme, HDFC Prudence Fund is all set to be merged and renamed to the new HDFC Balanced Advantage Fund. HDFC Mutual Fund house has decided to make this change to comply with SEBI guidelines on mutual fund categorization. Another equity fund namely HDFC Growth …

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SEBI Introduces New Mutual Fund categorization

Last updated on May 2nd, 2018Why is SEBI insisting on a name change? SEBI wants to make it easy for a customer to choose a mutual fund according to his needs and ability. According to the regulator, AMCs use these names as marketing tools to attract customers and many of the new buyers may not …

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