MF News

Here’s how advisers look at budget 2017.

Here is what fund managers have to say about the union budget 2017-18.

Here’s what MF CEOs have to say about the budget 2017.

The actual date of investment and cost of merged scheme to be considered for taxation purpose if an investor chooses to exit the surviving scheme after the consolidation.

Increase in SIP accounts and supportive equity markets will drive this growth.

Retail investors are likely to get full allotment.

UTI Mutual Fund has bundled its three tax-saving schemes – ELSS, retirement fund and ULIP in a plan called UTI Smart Plan to help investors avail the benefits of tax deduction under section 80C.

Also, more than 11700 ARNs got renewed in April-December 2016.

Pitches its Tax Saver Fund to help investors’ #WinAgainstTaxytis.

Vetri Subramaniam succeeds Anoop Bhaskar who is now with IDFC MF.

Financial advisors say that these funds which seek to offer equity exposure coupled with safety are a better alternative to MIPs.

Currently, the industry has over 1.23 crore active SIP accounts.

Leo Puri of UTI MF was adjudged as the CEO of the year, while both Mahesh Patil (Equity) and Maneesh Dangi (Fixed Income) of Birla Sun Life MF bagged the CIO of the year award.