Low-ticket Gift City funds are almost here. But what holds them back?

Low-ticket Gift City funds are almost here. But what holds them back?

These funds primarily attract foreign and NRI investors; however, their widespread adoption is limited by the high minimum investment requirement. Retail funds, which can accept investments as low as $100, are yet to be launched. In the previous Union budget, the government extended favourable tax treatment to retail funds in Gift City, similar to what … Read more

PMS vs mutual funds: How have portfolio managers fared on returns?

PMS vs mutual funds: How have portfolio managers fared on returns?

Portfolio management schemes (PMS) are intended to outperform the market and the investment vehicle for the public at large—mutual funds. But in the past five years, PMS have, as a set, trailed mutual funds in beating market benchmarks. PMS are offered by registered investment firms and mutual funds, with a minimum investment limit of ₹50 … Read more