How safe are Mutual Funds?
Just like any other financial instrument, mutual funds are not without risk. When defined in terms of chances of losing money, the risk in mutual funds is no different than that present in other financial instruments.
Posts Tagged ‘Amc’
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Association of Mutual Funds in India (AMFI)
Posted by Tushar Mathur on October 16th, 2008
With the increase in mutual fund players in India, a need for mutual fund association in India was generated to function as a non-profit organisation.
Religare Aegon gets nod for India mutual fund unit
Posted by Tushar Mathur on September 26th, 2008
India’s stock market regulator has allowed the joint venture between Dutch insurer Aegon and Indian financial services firm Religare Enterprises to start fund operations, a top executive said.
‘We have got our approval,’ Saurabh Nanavati, chief executive of Religare Aegon (nyse: AEG – news – people ) Asset Management, told Reuters on Thursday.
‘Next week we will file for the first offer document and are looking at a launch in November,’ he added.
Nanavati said his firm would launch at least seven funds in the first year of operations and plans to have 15 branches at the time of the launch and 30 in over 25 cities by March 2009.
The firm joins the likes of French insurer AXA, JPMorgan, South Korea’s Mirae Asset and Edelweiss Capital who have started operations in the fiersely competitive Indian asset management industry in the last 18 months.
‘Over the next 2-3 years, the AMC will focus on creating wide reach across India especially in Tier II and Tier III cities, with an initial target of opening at least 100 branches in the first two years of operations,’ Nanavati said.
The Indian fund industry has 35 members, who managed about 5.4 trillion rupees ($118 billion) at the end of August, data from the Association of Mutual Funds in India showed.
Advantages and Disadvantages of ETFs
Posted by Tushar Mathur on August 24th, 2008
This is the 2nd installment of our 2 part series on ETFs. Please read the first part here: Investing in ETFs
Advantages of ETFs
1.
