Mumbai (Maharashtra) [India], February 10 (ANI/PRNewswire): Mirae Asset Mutual Fund, one of the fastest-growing fund houses in India, today announced the launch of Mirae Asset Gold ETF
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Goal based investing is the most apt way to look at one s portfolio. A 70-20-10 allocation to large mid and small caps would help with the investment mix
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I am 32, salaried. My dependents are son (2 years), wife (25 years), mother (55 years) and father (65 years). I am drawing a monthly salary of Rs 58,000. My provident fund contribution is Rs 4,000 per month and PPF contribution is Rs 500 annually. I have a term insurance policy HDFC Click2Protect worth Rs 50 lakh. I have a health insurance policy - Star Health Family Optima worth Rs 6 lakh. I have kept an emergency fund of Rs 2 lakh in SBI savings with auto sweep option. I have invested Rs 97,000 in the ELSS scheme of Mirae Asset Mutual Fund. I also invest Rs 33,000 per month in UTI Nifty Index Fund- direct plan-growth option. The current valuation of my equity portfolio is Rs
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Mirae’s equity schemes may not figure in distributors’ recommended list
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Mirae Asset Mutual Fund has slashed the commission it pays distributors to sell its products in an unprecedented move that has miffed these intermediaries.
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Mirae Asset Mutual Fund has slashed the commission it pays distributors to sell its products in an unprecedented move that has miffed these intermediaries. The fund house said the step is aimed at discouraging distributors to sell their products to reduce flows into its schemes mainly Midcap, Focused and Tax-Saving. Distributors claim the asset manager has cut fees only to boost its profitability. The drop in distributor commissions will however not reduce investors’ annual costs in Mirae’s schemes.