The Reserve Bank of India (RBI) has mandated all banks and financial institutions to publish on their respective websites details of accounts, which have remained inactive or inoperative for 10 years or more. To track if you have any unclaimed fund.
how they are managing money in these markets. If you are investing in mutual funds , this gives you a good idea of where your money is getting invested. ... Behind a pile of 5.93% cash (of its overall equity assets) that BNP Paribas Asset Management.
You can invest the money in the liquid /ultra short funds (initially) and set up a STP (Systematic Transfer Plan?) over a 12 month period towards the respective equity fund . You could use a liquid fund of the respective fund house to invest Rs 4 lakhs.
liquid funds offered by mutual funds could be the best bet for the risk-averse investors to consider for fairly decent returns. Fixed deposit interest rates are falling. Over the last three-odd years, the Reserve Bank of India has reduced the repo.
Also Read: What India’s Top Three Mutual Funds Bought And Sold In October Going ahead, Parikh said that digital investment platforms are going to be a big driver for the industry. "These platforms are the best bet to attract the young salaried generation.
Peerless Mutual Fund has been renamed as Essel Mutual Fund with effect from November 1, a newspaper notice from the fund house stated today. Earlier in August, Essel Finance had got the Securities and Exchange Board of India's approval to acquire .
In the last five and half years alone (since 31 March 2017) asset size of the Indian mutual fund industry has grown by three and half times. It has exhibited ... These funds need to keep some funds in liquid market or cash to meet any redemption. The.
For financial security, having a contingency fund that can take care of one's expenses for 3-6 months is a must. The contingency fund can help one tide over short-term loss of income—due to loss of job, long leave because of illness, a hit in business.
They’re not liquid businesses. Word is ... When I was involved with the JP Morgan India mutual fund takeover over 6-odd months, I had realised that I had spent a lot of time doing the alternate assets and high networth individuals space.
UTI Mutual Fund has introduced instant access facility under the growth option of UTI Money Market Fund with immediate effect, a notice from the fund house stated. Instant Access Facility (IAS) allows investors to have access to their funds 24x7, 365.
The fundraising will help the exchange increase its liquid net worth to Rs 300 crore, higher than the requirement of Rs 100 crore as per the Securities and Exchange Board of India's regulations for stock exchanges. Liquid net worth comprises fixed.