Latest News on Mutual Funds

Halwa before budget

Feb 8, 2014 by Advisorkhoj Team

Have you heard about 'Halwa ceremony'? Those who are not aware, at Finance ministry it has been a tradition continuing for long time which heralds the beginning of the quarantine for staff that will be associated with the preparation of the secret document 'Budget'... Read More

10 Rupee plastic notes to be tried out in five cities

Feb 8, 2014 by Advisorkhoj Team

Namo Narain Meena, Minister of State for Finance told the Lok Sabha on Friday that Plastic notes in the denomination of Rs.10 will be introduced on a pilot basis in five cities — Kochi, Mysore, Jaipur, Shimla and Bhubaneswar. The field trial is expected to be launched in the second half of 2014... Read More

SEBI Chief gets two year extension

Feb 7, 2014 by Advisorkhoj Team

Sebi chairman Mr. UK Sinha has got a two-year extension till 2016 to continue at the top job at SEBI. A Finance Ministry notification has confirmed this. The extension will be valid from 18th February 2014 to till 2016. Mr. Sinha is a 1976-batch IAS officer and had served as Joint Secretary in Finance... Read More

SBI Mutual Fund Launches SBI Tax Advantage Fund Series III

Feb 6, 2014 by Advisorkhoj Team

The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit.However, there can be no assurance that the investment objective of the Scheme... Read More

MOTILAL OSWAL Mutual Fund launches Most Focused Midcap 30

Feb 5, 2014 by Advisorkhoj Team

MOTILAL OSWAL Mutual Fund launches an open ended equity scheme named Motilal Oswal Most Focused Midcap 30 Fund. The investment objective of the Scheme is to achieve long term capital appreciation by investing in a maximum of 30 quality midcap companies having long-term... Read More

Finance Minister asks the mutual fund providers to get back the trust of investors

Feb 4, 2014 by indiaprwire.com

The mutual fund sector in India has lost the trust of its investors in last few years owing to the lower publicity of the products in small towns. This has further affected the mutual fund investments and that has concerned the Finance Minister, P Chidambaram as well. As per his latest directive, FM... Read More

IDBI Mutual Fund launches IDBI DEBT OPPORTUNITIES FUND

Feb 3, 2014 by Advisorkhoj Team

IDBI Mutual Fund launches IDBI DEBT OPPORTUNITIES FUND, an open ended fund suitable for Investors who are seeking regular income & capital appreciation through active management for at least medium term horizon. Investments would be made in CPs, CDs, NCDs and Bonds of Corporates... Read More

HDFC Mutual Fund launches HDFC RGESS SERIES 2 NFO

Feb 3, 2014 by Advisorkhoj Team

HDFC Mutual Fund launches a 3 year Close Ended Equity Scheme investing in Eligible Securities as per Rajiv Gandhi Equity Savings Scheme, as amended from time to time ("RGESS"). Investors looking for an investment opportunity in diversified portfolio of eligible equity shares included in S&P... Read More

Vice President and Head of Finance in American Express India, joins Advisorkhoj as Co Founder

Feb 3, 2014 by Advisorkhoj Team

We are happy to share that Dwaipayan Bose, Vice - President and Head of Finance in American Express India has joined us as Co-Founder. Dwaipayan is now on the board of the company. An alumnus of IIM Ahmedabad, Dwaipayan is a Finance and Consulting professional, with 13 years... Read More

IDFC Mutual Fund launching IDFC Equity Opportunity Series 3

Feb 1, 2014 by Advisorkhoj Team

IDFC mutual Fund is launching IDFC Equity Opportunity – Series 3 – the NFO, A close ended equity scheme launches on 10th Feb 2014 and closes on 24th Feb 2014. The fund will mature on 30th November 2015. The primary investment objective of the Scheme is to seek to generate capital... Read More

PAN Allotment procedure change put on hold

Feb 1, 2014 by Advisorkhoj Team

The CBDT vide its circular dated 30th Jan14 has decided to keep in abeyance the decision to change the procedure for PAN allotment till further orders. Accordingly the operation of circular No. 11 dated 16.01.2014 issued to PAN service providers has been directed to be put on hold till further orders... Read More

Hubbis Annual Guide to Wealth Management in India

Jan 31, 2014 by Advisorkhoj Team

Hubbis recently published the 3rd edition of Guide to Wealth Management in India. With one of the highest growth in the number of high net worth individuals, and continued increase in the affluent segment, India has had potential. However, there are also challenges - with pressure... Read More

Why investing in FMPs makes sense and Current FMPs on offer

Jan 30, 2014 by Advisorkhoj Team

There is a flurry of new fund offers that opened today. Most of these were close ended Fixed Maturity Plans with tenures ranging from 366 days to 840 days, offered by fund houses such as Birla Sunlife, Deutsche, HDFC, IDFC, Sundaram and Tata Mutual Funds. The schemes close... Read More