One of the most widely used but not very well understood mutual fund concepts is the fund NAV or Net Asset Value. Several conflicting concepts have been propagated in the investor community regarding its importance in fund selection and sadly, many investors base their crucial investment decisions on it. Confused?
What are Equity Arbitrage Mutual Funds? Equity Arbitrage Mutual Funds, like several Debt Funds, aim to provide FD like returns. But unlike Debt Funds, they do this not by investing in bonds and deposits but by arbitrage-trading in stocks and derivatives (hence the name Equity Arbitrage funds). This makes them
SEBI recently released a circular on "Categorization and Rationalization of Mutual Fund Schemes" asking Mutual Fund Companies to standardize scheme categories and to close down or merge schemes that are very similar to their other schemes ("only one scheme per category would be permitted"). This is