MF News

At present, the app is a useful tool for first-time investors to get familiar with the basics of capital market investing.

Zerodha Founder Nithin Kamath said that robo advisory doesn’t work when people make money decisions. He spoke at the Association of Registered Investment Advisers (ARIA) event ASPIRE 2022, which also hosted TV Mohandas Pai, Chairman of Manipal Global Education.

In the upcoming episode of ‘Lessons from the Masters’, Bharat Phatak will share with us a step-by-step guide to create a solid business model.

More than 75% of individual assets are parked in equity funds.

Called Torus Oro AMC, the fund house will be headed by Nitin Agrawal, the CEO of Orowealth.

Unique investor count touches 3.17 crore in January.

Cryptocurrency investors including many in India are increasingly being duped by hackers.

The longevity of retail equity assets remained unchanged over the last one year.

The warning from Das comes days after Union Budget imposed a 30% tax on gains from sale of virtual currencies.

The committee has also sought relaxation in terms of eligibility, infrastructure requirement and maintaining minimum number of key personnel.

Capital gains tax differs from asset to asset at present; equity-oriented schemes qualify for LTCG taxation after 12 months, while debt funds require 36 months.

The industry has a separate reserve of $1 billion for funds investing in global ETFs.

Equity schemes see net inflows of Rs. 15,000 crore in January, shows latest AMFI data.

Here is a deep dive into the MF industry’s SIP data.