That leads to the third question — whether a mutual fund fund-of-funds (FoF) does the same job in a better wrapper, Kumar asks. “A FoF is a scheme, so it sits inside Sebi’s mutual fund regulations with a trustee, a custodian, a daily NAV, a mandated portfolio disclosure and a cap on what it can charge,” he said.
The IC Electricals IPO is set to debut on the NSE SME platform on July 10, with strong demand in both the primary market and the grey market fueling optimism for a healthy listing. The IPO is currently commanding a Grey Market Premium (GMP) of Rs 44, indicating an estimated listing price of around Rs…
Employees who lose their jobs will no longer be able to withdraw their entire Employees’ Provident Fund (EPF) balance after two months of unemployment. Under the newly notified Employees’ Provident Funds Scheme, 2026, members can withdraw up to 75% of their EPF balance after becoming unemployed, while the remaining 25% will be available only after…
Many investors consider adding another mutual fund even if they already have 3 to 5 SIPs running, believing that owning more funds automatically leads to better returns and diversification. However, experts say the number of SIPs matters far less than whether each fund serves a distinct purpose in the portfolio. According to Aditya Agarwal, Co-Founder,…
PERTH: Oil rose on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran launched retaliatory strikes on U.S. infrastructure in the region. For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest since June 15 and rose further on…
Despite improved repayment behaviour and positive trends supporting consumer lending, credit card penetration in India is low compared to many other developing countries. India has 5.2 crore credit cardholders, which is just 25% of the overall credit-active population of about 25 crore, Bhavesh Jain, TransUnion CIBIL MD and CEO said, adding that developed and developing…
UTI AMC‘s Executive Vice President – Equity, V Srivatsa, believes investors may be better off leaning towards largecaps despite the superior long-term growth prospects of midcap stocks. With the midcap segment trading at a record valuation premium over largecaps, he said the risk-reward has turned more favourable for largecaps, whose earnings growth is improving while…