If someone had made an investment of ₹one lakh in JM Flexi cap mutual fund in Sept 2008, the sum would have grown to over ₹7.8 lakh on Dec 31, 2023 by growing at an annualised rate of 14.41 percent
There are seven long duration debt mutual funds and total assets under management (AUM) of these schemes amount to ₹9,875 crore as on Nov 30, 2023. Funds amounting to ₹149 crore were invested in November alone
NRIs must have a NRO or NRE bank account to invest in Indian mutual funds, as AMCs cannot accept foreign currency investments. All investments by NRIs are made in Indian Rupees.
The top 10 fund houses are gradually losing ground to their smaller peers, even as they continue to hold the lion’s share in the total assets under management (AUM) of the mutual fund (MF) industry
SIP allows investors to invest in mutual funds regardless of market conditions. STP allows investors to transfer investments between mutual funds. SWP allows investors to withdraw a fixed amount at regular intervals.