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Dividend yield funds: Back from the dead?

One way some investors pick stocks is by their dividend yield. Dividend yield (D/Y) is calculated by dividing per share dividend by current market price of the stock. If the D/Y is high then the stock is said to be attractively valued. A…

Can a mutual fund change its investment objective?

Regulations allow a mutual fund to change its investment objective, but only after it gives a 30-day window to unitholders for exiting the scheme without charging any exit load. The fund house also needs to send a written communication to…