CFA Institute surveys says that retail investors prioritize having someone trusted to act in their best interest with an assumption that returns will follow.
Ashutosh Bhargava of Nippon India MF, Krishna Sanghavi of Mahindra Manulife MF, Navneet Munot of SBI MF and Shibani Kurian of Kotak MF give their outlook on equity markets.
Avnish Jain of Canara Robeco MF, Murthy Nagarajan of Tata MF, Parijat Agrawal of Union MF and Sandeep Agarwal of Sundaram MF share their outlook on debt funds.
Stocks, mutual funds, ULIPs and NPS become expensive for investors. The government has reintroduced stamp duty tax on financial securities transactions with effect from July 1, 2020.
The government has announced the launch of Floating Rate Savings Bonds, 2020 (Taxable) from July 1, 2020. The interest on these bonds is payable semi-annually on Jan 1 and July 1 every year.
KFinTech has introduced a new facility through which investors can monitor their investments. Soon distributors and investors will also be able to execute MF transactions through this facility.
An analysis of the AUM of the top 20 fund houses shows that HDFC MF saw the highest increase in assets during the lockdown months. Next in the list are SBI MF and IDFC MF.
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