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Pre-Budget 2024 Expectation Mutual Funds: Industry Seeks Tax Reforms, New Categories Of Funds

Pre-Budget 2024 Expectation Mutual Funds: Industry Seeks Tax Reforms, New Categories Of Funds
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Kaustubh belapurkarSandeep baglaParas mataliaLok sabhaJimmy patelMorningstar investment research india privateElection commissionFund of foDebt linked saving schemeEquity linked saving schemeGlobal bond indexFund manager

Locals in central Hawke s Bay town petition for closure of new vape store

"They can't sell alcohol to the kids, and we can't sell vape to the kids, it's the same thing."

Alex walkerJimmy patelVera smithCatherine weddCentral hawkeMayor alex walkerKerry lowMayor alexRadio new zealandUblic radioUrrent affairs

Small town unites against new vape store

A tiny Central Hawke's Bay town is home to a new vape store - but locals say it is not welcome. A petition with more than 500 signatures calling.

Hawke bayNew zealand generalNew zealandAlex walkerVera smithCatherine weddJimmy patelCentral hawke bay district councilCentral hawkeMayor alex walkerKerry lowBay districtMayor alex

Mutual funds rake in opportunistic flows as market mood improves

A buoyant equity market, coupled with an improved performance of mutual funds (MFs) on the returns chart, has heightened retail investors appetite for equities. In the past few months, equity MF schemes have seen a surge in fresh investments through both lump sum (one-time investments) and systematic investment plan (SIP) routes. During the August-September 2023 period, equity MF schemes recorded net lump sum investments of Rs 35,270 crore, compared to just Rs 5,550 crore in the previous three months, according to data from the Association of Mutual Funds in India (Amfi).

Amit bivalkarJimmy patelUttam ghosh rediffAssociation of mutual fundsNational stock exchange niftyMutual fundsSapient wealthNifty midcapNifty smallcapBusiness newsUsiness news indiaNdia business newsNdian economy newsNdian financial news

Rising markets fails to lift new investor addition by mutual funds

Even as the returns of mutual fund (MF) schemes have improved considerably in the past three months, addition of new investors has remained in the slow lane for the MF industry. According to industry data, during the first six months of CY 2023, MFs onboarded only 1.6 million new unique investors, in stark contrast to the 4.7 million investors added during the same period last CY and the 2.4 million in 2021. It is noteworthy, however, that the current additions for this year have doubled in comparison to the figure of 800,000 seen in 2020.

Manish mehtaUttam ghosh rediffAkhil chaturvediJimmy patelKotak mahindra asset management companyAssociation of mutual fundsMotilal oswalKotak mahindra asset managementMutual fundsBusiness newsUsiness news indiaNdia business newsNdian economy newsNdian financial news

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