‘Robo advisory space in India could see consolidation’

This article was first published on Morningstar. Founded by Prateek Mehta, Prithvi Raj Tejavath, Shashank Agrawal, and Vivek Agarwal in December 2015, Bengaluru-based online investing platform Upwardly has built assets under advisory of Rs 400 crore in just two years.  In an interview with Ravi Samalad, Prateek Mehta spoke about how they are attracting digitally savvy first-time mutual fund investors. Your company …

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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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Best Large & Mid Cap Funds to invest in 2018 – 2019

What are large & mid cap funds? SEBI in its October 6, 2017 circular laid down 5 broad and 36 sub-categories for mutual funds. It has also described each scheme’s characteristics. It defined the large & mid cap funds category as an open-ended equity scheme investing in both large-cap and mid-cap stocks. According to SEBI, a …

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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 …

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Can NRI invest in PPF?

According to a recent notification by the Government of India, NRIs will not be able to open new Public Provident Fund (PPF) and National Savings Scheme (NSC) accounts. The existing accounts held by Non-Resident Indians (NRI) stand closed. The closure will come with effect from the day their status changes to Non-Resident. It implies that …

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Can NRI invest in Mutual Funds?

“You can go other places, all right, you can live on the other side of the world, but you can’t ever leave home” – Sue Monk Kidd, The Mermaid Chair. Sue Monk Kidd truly said that you can’t really be away from home. Home is a place where one can grow freely. Now you have …

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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 …

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