Arbitrage funds are a type of mutual fund that aims to capitalize on price differentials in different markets or segments. The strategy involves buying assets in one market where the price is low and simultaneously selling the same or similar…
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In a strategic move aimed at enhancing efficiency and reducing paperwork in the mutual fund industry, the Independent Consultants and Advisors Association (ICAA) recently organized a collaborative session with MFU (Mutual Fund Utilities) to discuss and implement measures for the…
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The Principle of Contribution in insurance refers to a fundamental concept that applies when an individual insures the same risk with multiple insurance companies. According to this principle, if a person obtains insurance coverage for a particular risk from more…
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The principle of insurable interest is a fundamental concept in insurance that ensures the person buying insurance has a financial stake in the insured property or individual. In simple terms, it means that you must stand to suffer a financial…
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HDFC Mutual Fund made headlines on April 22 with the exciting announcement of the HDFC Manufacturing Fund’s launch. This innovative open-ended equity scheme is strategically crafted to unlock the immense potential of India’s dynamic manufacturing sector. It aims to achieve…
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Here are more detailed insights into the top 5 ELSS (Equity Linked Savings Scheme) funds based on their performance over the last three years: Quant ELSS Tax Saver Fund Returns (3 Years): 33.17% Assets Under Management (AUM): Rs 9,143.70 crore…
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