Mutual funds growing in just one month 15 per cent : Kotak Mutual Fund

Mutual funds are growing at a rate of 15 per cent annually in the country, a senior official of Kotak Mutual Fund (KMF) said here today.

" Mutual funds are growing at a rate of 15 per cent annually in the country," KMF national head (sales and distribution alliance) Manish Me ..

I am 25 years old. I am an NRI. Currently, I am investing Rs 2,000 in ICICI Prudential Value Discovery Fund and Rs 3,000 in SBI Magnum Equity Fund. I will invest in these two funds for 10 years. I want to invest another Rs 5,000 in mutual funds through SIPs for 10 years. Please suggest some good funds.
--Saravanan T Raveendran

You have not shared your risk profile. So, it is not possible to offer personalised advice on your current investments or ..
Union Mutual Fund has introduced an additional transaction facility for all its existing schemes with immediate effect, a notice from the fund house stated.

Under the facility, unit holders can submit transactions to a designated email address - [email protected] - from their registered email address.

The transaction facility can be availed by all existing unit holders with folios where the email address is registered, except for unit holders who held units in dematerialised mode, and those who have made investments online, without the unit holder's signature on record.

The facility enables both financial - additional purchases, redemption or switches - and non-financial transactions, including folio consolidation,registration and cancellation of all systematic plans, and registration and cancellation of trigger facility.