In this article, we will be sharing some of the points which help individuals, especially children to make their parents understand to invest in mutual funds (MF). So, let’s get started!
The largest private bank, HDFC Bank has announced its merger with the housing finance behemoth – Housing Finance Development Corporation (HDFC) on 4th April 2022. This is likely to benefit HDFC Bank in the long run.
Pooling of accounts was to be discontinued from 1st April 2022. However, many mutual funds are yet to meet these requirements. So, SEBI has barred mutual fund houses from launching NFOs till 1st July 2022.
Assets under management of the Indian Mutual Fund industry have reached a new high of Rs.38.88 Lakh Cr in Jan22 and in Feb-22, it declined slightly to Rs.38.56 Lakh Cr due to market correction because of Russia-Ukraine war.