Mutual fund industry
The mutual fund industry achieved a significant milestone in June 2024, with total assets under management (AUM) reaching Rs 61.15 lakh crore for the first time, surpassing the initial industry size 10 years ago. This growth is attributed to a six-month addition of Rs 10 lakh crore in assets,
Mutual fund industry
The Indian mutual fund industry's net assets under management (AUM) have increased significantly over the past decade, with a 6-fold growth to reach over Rs 61 lakh crore in June 2024. The industry's AUM stood at Rs 10 lakh crore in May 2014, when the Narendra
Mutual funds
Mutual funds offer a diverse range of investment options, including growth, payout, and reinvestment of income distribution and cum-capital withdrawal. Investors can opt for a 'Systematic Withdrawal Plan' (SWP) to redeem investments at regular intervals, providing consistent cash flows. However, choosing the right fund is crucial to ensure
Financial markets
The Reserve Bank of India (RBI) has introduced a special liquidity facility worth $6.57 billion to alleviate liquidity pressures on mutual funds, anticipating redemption pressures amid the COVID-19 pandemic. This move aims to support mutual funds, particularly after Franklin Templeton fund house halted withdrawals from six debt fund schemes
Financial markets
The Reserve Bank of India's (RBI) decision to provide a special liquidity facility of Rs 50,000 crore to mutual funds has sent shockwaves of relief across the nation. The move has been hailed by politicians from across the spectrum, including the BJP and the Congress, as a
Banks (Finance)
For the past four years, profits at national full-line brokerage firms, such as Merrill Lynch & Co., have outstripped earnings at big investment banks serving institutions by 54%. This shift in the balance of Wall Street power can be attributed to the growing popularity of mutual funds, particularly stock funds,
Mutual funds
Kafus Capital Corp. is pleased to report the execution of an agreement to acquire a controlling interest in Stone Tower Holdings Corp. of Winnipeg. This acquisition will give Kafus control of Stone Tower's several wholly-owned operating subsidiaries, including Navigator Fund Co. Ltd. and Sentinel Financial Group Ltd. Navigator
Mutual funds
The Czech Republic Fund Inc. has released unaudited results for the three months ended November 30, 1995. The Fund's investment operations commenced on September 30, 1994. The Fund recorded a net investment loss of $249,075, equivalent to 6 cents per share, compared to net investment income of
Personal finance
Investing in mutual funds can be a balancing act, with no single type of investment or sector consistently leading the way. To succeed, it's essential to spread your bets across a variety of investments, some in bonds, stocks, small-sized companies, and large ones, both in Canada and internationally.
Mutual funds
The First Australia Prime Income Fund, a closed-end bond fund, has announced its intention to pay a monthly distribution of $0.075 per share to all shareholders of record as of March 31, 1995. This distribution follows the fund's policy of facilitating the maintenance of a stable monthly
Mutual funds
In a recent statement, portfolio managers at Van Eck Global asserted that the US dollar's value will continue to decline, citing an over-supply of dollars in the world and limited financial asset liquidity. As early as October 1994, Van Eck predicted a decline in the dollar's
Investment companies
The Seligman Communications and Information Fund has demonstrated remarkable staying power in the mutual fund industry, ranking as the top performing equity mutual fund for both the one-year and five-year periods ended December 31, 1994. According to Lipper Analytical Services, the fund outperformed 2,017 other equity mutual funds in
