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Mutual fund statistics. The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$610 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$99 billion) recorded in December 2013.
Mutual funds are a popular way to invest, because they let you pool your money with money from other investors to buy into a portfolio of stocks, bonds or other assets. The diverse nature of the...
Front-end loads reduce the amount of your investment. For example, let's say you have $1,000 and want to invest it in a mutual fund with a 5% front-end load. The $50 sales load you must pay comes off the top, and the remaining $950 will be invested in the fund. The Maximum sales load under the Investment Company Act of 1940 is 9%.
Kotak Mutual Fund. Kotak Mutual Fund is an Indian mutual fund that is managed by Mahindra Asset Management Company (KMAMC). KMAMC started operations in December 1998 and as of 2018, had approximately 74 Lakh investors in various schemes. [6] The fund is a wholly-owned subsidiary of Kotak Mahindra Bank.
No-load funds are sold without a commission or sales charge. The best no-load mutual funds might be considered a free lunch for investors. In the past, most mutual funds were expensive to own with ...
No-load funds are sold without a commission or sales charge.Investors looking to keep their expenses low when it comes to investing in mutual funds may look to no-load mutual funds.