Individual investors’ holdings in passive funds jump in FY21
May 14, 2021
Low cost, simple structure of funds drive global trend
Passive investing is gaining more currency among Indian retail investors and high net worth individuals (HNIs) as they increasingly look for simple, transparent and low-cost investment options. This is reflected in index funds and exchange traded funds (ETFs) witnessing a significant jump in retail and HNI assets over the last two fiscals.
According to AMFI data, the asset under management (AUM) of HNIs in index funds have jumped 176 per cent to ₹8,267 crore as of March 2021 while index fund AUM of retail investors grew 157 per cent.
Below the line
Much said, lots unsaid
Cyrus P Mistry bowed out with dignity after the Supreme Court verdict in the long-drawn Tata-Mistry tussle, with a statement that he was personally disappointed with the verdict. In the statement, he said he would be “eternally grateful” for the opportunity he got to work with the group. While CPM, as he is fondly known, said much including that he sleeps with a “clear conscience” and stands by the integrity of his actions and their consequences, much was left unsaid, too. For instance, his lament that he would not be able to influence the direction of governance of the Tata Group. Reading between the lines, that he could not ensure a board-driven system of decision-making and governance that is larger than any ‘one individual’.
NFO of Edelweiss Nifty PSU Bond+ opens on March 10
March 08, 2021
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Edelweiss Asset Management Company has launched a new fund offer of Nifty PSU Bond Plus SDL Index Fund – 2026, a one of its kind passively managed index fund that will invest in AAA-rated PSU bonds and State Development Loans. The NFO opens on Wednesday and closes on March 16.
The fund will have a defined maturity of April 30, 2026. The fund will aim to hold the bonds till maturity in order to provide stability and visibility of returns to investors. Taxed at 20 per cent post indexation, this fund will be more tax efficient as compared to traditional avenues.
Edelweiss Mutual Fund Launches Edelweiss NIFTY PSU Bond Plus SDL Index Fund - 2026 NFO on March 10, 2021
Posted On: 2021-03-08 06:02:27 (Time Zone: Arizona, USA)
Edelweiss Asset Management Company Limited, one of India s fastest growing AMCs, announced the launch of Edelweiss NIFTY PSU Bond Plus SDL Index Fund - 2026 today. Passively managed, this first of its kind index fund will invest in AAA rated PSU Bonds as well as State Development Loans (SDL).
Key Highlights of the Edelweiss NIFTY PSU Bond Plus SDL Index Fund - 2026:
- India s first target-maturity, debt-index fund
- Will invest in State Development Loans (SDLs) plus PSU bonds
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