Shri Anurag Thakur, Minister of State for Finance & Corporate Affairs has listed out several irregularities in mutual funds in response to a question in the Lok Sabha. SEBI has informed the ministry of the following types of irregularities or non-compliance’s: Failure to identify and appropriate all the expenses in the individual schemes as per…
Continue reading →Budget 2019-20 has proposed a change in short-term capital gains tax of equity-oriented fund of funds and this has resulted in some unnecessary confusion. I was asked this question twice in the last two days and I thought it best to clarify. A fund of fund (FoF) is a mutual fund that invests in other…
Continue reading →On June 27th 2019, the SEBI board approved several proposals to manage risk and liquidity in liquid mutual funds. Over a period of time, it will lower risk and therefore returns in this space. Here is a simple explanation of what these rules mean to the investor. The proposals were made by the Mutual Fund…
Continue reading →The way UTI Mutual fund handled the DHFL crisis leaves a lot to be desired to say the least highlighting the need for tighter rules on what an AMC should do in the case of a bond default. In early June 2019, Dewan Housing Finance Corporation Ltd a housing finance company defaulted on almost 1000…
Continue reading →In the last ten years, online mutual fund investing has been a gamechanger for both the investor and the industry. I think it is time to stop and ask is it unhealthy to buy mutual funds from an investment platform? Just think about the number of mutual fund investment channels available today, it almost seems like…
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Yes, that is right! There is no legal obligation for a mutual fund to declare NAV after each business day! SEBI expects them to, yes but the rules are fairly lax in this regard. Let us take a look at what happened after the DHFL crisis. NAV for 3rd June 2019: According to AMFI, For…
Continue reading →How often has the Nifty crashed? Has it crashed once it reaches an all-time high? When has the Nifty crashed in the past? Is it possible to use this information to predict when it will crash in the future? Let us try and find answers to these questions using Nifty closing price history from July…
Continue reading →Here are three simple tips to choose the right financial advisor for you with no conflicts of interest (fee-only registered with SEBI). If you wish to outsource money management, either because you cannot do it yourself for want of time, confidence or expertise or because you prefer outsourcing, a trusted financial advisor is necessary. More…
Continue reading →After 13 years of using a feature phone, I finally decided to get myself a smartphone. Selecting one I realized that many of us have the right approach to buying a smartphone but fail to apply it to managing money and investing. First some blah blah about my new phone, kindly bear with me. Did…
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The latest freefincal mutual fund portfolio overlap tool allows you to compare five mutual funds at once to check for common stocks! Since Moneycontrol had changed its layout, this tool has been written from the ground up. Users will now have to select equity or debt as fund type before running the comparison. Creating such free tools…
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