Our co-founder and COO, Neelabh Sanyal was on Zee Business’s Mutual Fund Helpline this week to discuss common myths about investing in mutual funds. If you missed that you can watch it below.
The Average Assets Under Management (AAUM) of the Mutual Fund industry stood at 26.7 lakh crore in the October-December quarter of 2019, a 13.4% increase from the same period in 2018. As per the latest AMFI data, Mirae Asset Mutual Fund witnessed the highest percentage growth in AAUM, with an increase of 87% in Asset base from 21.03 thousand crores in 2018 to 39.34 thousand crores in 2019.
The following Mutual Fund houses witnessed the highest (absolute) growth in AAUM (in Rs 1000 crores).
|
In a recent Twitter poll on the preferred asset class for 2020, equity was the forerunner with 73% votes. In a follow-up poll, Index funds took the top spot within equity at 36% votes. We have been proponents of index first approach to portfolio construction since the start. You can find index funds on Kuvera here.
Tata Mutual Fund has launched the NFO for Tata Quant Fund, an open-ended equity scheme following a quant-based investing theme. The scheme will be managed by Sailesh Jain. The new issue will be open for subscription till 17 January 2020.
|
|
|
|
|
|
|
Movers & Shakers
1/ Union Mutual Fund has announced that Deep Mehta, Co-Fund Manager of Union Liquid Fund and a Key Personnel of Union Asset Management Company Private Limited has resigned from the AMC. Devesh Thacker will continue as the fund manager of the scheme.
2/ IDFC Mutual Fund has announced that Nishita Doshi been appointed as a Fund Manager and Key Personnel of the company.
3/ Mirae Asset Mutual Fund has announced that Neelesh Surana ceases to be the fund manager of Mirae Asset Large Cap Fund. Gaurav Misra and Harshad Borawake will continue as fund managers of the scheme.
Quote of the week:
Go a little easier on yourself, and in so doing, be prepared to make and do things that might seem silly at first. Just keep moving: don’t ruminate and stare at the wall. Don’t just play with your phone: go out and produce something.
: Merlin Mann
Interested in how we think about the markets?
Read more: Zen And The Art Of Investing
Watch/hear on YoutTube:
Start investing through a platform that brings goal planning and investing to your fingertips. Visit kuvera.in to discover Direct Plans and start investing today.
#MutualFundSahiHai, #KuveraSabseSahiHai!
Sushmita Ghosh
January 23, 2020 AT 13:25
Hello,
very nice article.
There are a number of myths about mutual fund investment due to which many of the people do not feel it safe to invest in them.
Here are some of such myths busted:
1. Mutual funds can be started with a small amount and can be invested in at any time.
2. You don’t need a Demat account for investing in mutual funds. Mutual fund investment can be done with just KYC.
3. Don’t look for top-performing funds for finding success, as it is a lazy approach.
4. One year’s return is again a myth. You should have an eye on the consistency of the mutual fund’s performance.
5. Similarly, selecting funds just based on NAV is also a myth.
6. In a SIP, you can invest Rs. 500 to Rs. 50,000 per month, hence, can be invested in by anyone.
7. You won’t be fined if you miss a payment on your SIP.
8. You can withdraw your amount by selling units as per your purchase date after the lock-in period.
9. ELSS is not just for tax saving, but also for wealth creation.
10. One big myth is that the lump sum amount cannot be an investment in a scheme where you have a SIP. But you can actually invest in both the ways in the same fund with different folios.
Gaurav Rastogi
January 26, 2020 AT 00:15
Thanks for the list