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 …

Continue reading

Kotak Select Focus renamed to Kotak Standard Multicap Fund

Kotak 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 schemes, the fund will now …

Continue reading

HDFC Prudence Fund converted into HDFC Balanced Advantage fund

India’s largest and most popular mutual fund scheme, HDFC Prudence Fund is all set to 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 Fund is also to be …

Continue reading

SEBI Introduces New Mutual Fund categorization

Why 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 fully understand the scheme. So …

Continue reading

Impact of Budget on Monthly Dividend from HDFC Prudence Mutual Fund

Are you a fan of the well marketed 1% tax-free monthly dividend from HDFC Prudence fund — Dividend payout option? The Union Budget 2018 proposes a 10% tax on such dividends which may require you to look at your investment strategy. UPDATE: HDFC Prudence Fund is all set to merged and renamed to the new HDFC Balanced Advantage Fund …

Continue reading

New Product Launch — Bandhan SWP by SBI Mutual Fund

SBI Mutual Fund on Thursday announced the introduction of ‘Bandhan SWP (Systematic Withdrawal Plan) to send monthly cash flows from individual’s mutual fund investments to their immediate family members. ‘Bandhan SWP’ is tax-efficient solution as any fund transfer to immediate family members is considered as a gift under the law and does not attract any …

Continue reading