MARKET regulator, Securities and Exchange Board of India (Sebi), will help the mutual fund industry in its efforts to increase financial literacy, a senior Sebi official said. "Sebi is keen on focusing on investor education. It will help the mutual fund industry in its efforts to increase financial literacy," Sebi chairman, C B Bhave, said here. "Our big challenge is investor education and financial literacy. Investors should get the scheme information document in regional languages," Mr Bhave said. He said that the mutual fund industry was at the crossroads and should not expect results in six months. "It is always difficult to accept change but if you are confident that the change is good for the consumer you accept it eventually," Mr Bhave said. On the issue of financial literacy, he said that it is a big challenge due to the vastness and diversity of the country. The importance of having the messages (of financial literacy) in regional languages cannot be emphasised enough, he said.
Best SIP Funds to Invest Online Mirae Asset Global Investments (India) has launched Mirae Asset Healthcare Fund. The NFO of the fund will be open from June 11, 2018 to June 25, 2018. Mirae Asset Healthcare Fund is an open-ended equity scheme investing in healthcare and allied sectors. The scheme will invest in Indian equities and equity related securities of companies that are likely to benefit either directly or indirectly from healthcare and allied sectors. The investment strategy of this scheme aims to maintain a concentrated portfolio of 30-40 stocks. Healthcare is a broad secular theme that includes pharma, hospitals, diagnostics, insurance and other allied sectors. The fund will have the flexibility to invest across markets capitalization and style in selecting investment opportunities within this theme. Neelesh Surana and Vrijesh Kasera will manage this fund. In a press release, Swarup Mohanty, CEO, Mirae Asset Global Inves...
