Motilal Oswal Asset Management Company (MOAMC) has launched two large cap index (passive) funds - Motilal Oswal Nifty 50 Index Fund and Motilal Oswal NiftyNext 50 Index Fund

The announcement came after a recent Securities and Exchange Board of India (SEBI) inspection of mutual funds, in which it was found that some mutual funds and registrar and transfer agents had processed redemption requests without obtaining the PAN information

Under Radhika Gupta, Edelweiss AMC is now among the top 20 in terms of Mutual Fund Assets

The company is planning to start 'Paytm Switch' option for mutual funds in 10-15 days that will enable customers to switch from regular MF to direct MF

The app can be downloaded from Google Play Store. Once the app is downloaded, the sign up can be done by providing the member identification number

More and more savings are being invested in financial instruments. But for this to increase further, the industry has to shape up.

In contrast, the monthly SIP flows have been steady and increased to Rs 8,022 crore in December.

Only around 12% of investors invest in direct mutual funds. A major reason is that investors don't know how to switch between the two funds.

The depreciation was largely on account of rising crude oil prices that touched $86 barrel a couple of months ago from less than $40 a barrel in 2014 and hardening interest rates in the US.

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However, upfronting of trail commission will be allowed only in case of inflows through Systematic Investment Plans (SIPs), the Securities and Exchange Board of India (Sebi) said in a circular.

In an effort to curb mis-selling of schemes, the market regulator may bar mutual funds from paying upfront commission to distributors and financing their foreign junkets.

Mutual fund houses reckon that lower commission would hit penetration and hinder investor awareness.

Digitisation has reached a level where you can manage your entire financial world with clicks and taps. Here is what all you can do and how you can manage personal finance digitally.

The IPO is available at a price band of Rs 1,095 to 1,100 per share. The issue size comprises 2.5 crore equity shares which includes 8,59,2,970 (4.08 per cent stake) equity shares by HDFC Ltd and 16,864,585 (7.95 per cent stake) equity shares by Standard Life Investments.

Fintech players are making a mark in the lending business but need a sustainable business model.