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Mutual Funds

Mutual Funds

AIFs can grow 4-5x to become as big as mutual funds industry, say fund managers
Updated : Feb 22, 2023

AIFs can grow 4-5x to become as big as mutual funds industry, say fund managers

Unlike a decade ago, when offshore investors were funding India’s AIFs, the expanding pool of domestic investors is helping them grow today. Experts reckon AIFs can be as big as the Rs 40-lakh crore MF industry in a few years.

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Updated : Dec 09, 2022

Equity mutual funds' inflow drops 76% to Rs 2,258 cr in November

Overall, the mutual fund industry registered net inflows of Rs 13,263 crore in November, slightly lower from Rs 14,045 crore seen in the previous month, data released by the Association of Mutual Funds in India (Amfi) showed on Friday.

Sebi amends norms; brings in buying, selling of mutual funds under insider trading rules
Updated : Nov 25, 2022

Sebi amends norms; brings in buying, selling of mutual funds under insider trading rules

Sebi's latest decision follows the Franklin Templeton episode, in which the fund house's few executives were accused of redeeming their holdings in the schemes ahead of the six debt schemes shutting for redemption.

Indian mutual funds flock to govt bonds as inflation seen peaking
Updated : Nov 17, 2022

Indian mutual funds flock to govt bonds as inflation seen peaking

Mutual funds have bought bonds net of more than 150 billion Indian rupees ($1.84 billion) over the last 15 trading sessions, data from Clearing Corp of India showed.

The Axis Nifty SDL September 2026 Debt Index Fund offers an ideal investment opportunity for investors looking to lock in rates over the 3.5-year investment opportunity.
Updated : Nov 04, 2022

Axis Nifty SDL September 2026 Debt Index Fund: Check key features here

As a passive fund, the Axis Nifty SDL September 2026 Debt Index Fund aims to replicate a designated index created by reputed index providers. The new fund offers are open for subscription from November 04, 2022, to November 16, 2022.

Inflows in equity MFs hit 10-month low of Rs 6,120 cr in Aug
Updated : Sep 09, 2022

Inflows in equity MFs hit 10-month low of Rs 6,120 cr in August

The month of August saw the lowest level of inflow since October 2021, when equity mutual funds attracted Rs 5,215 crore.

Mirae Asset Mutual Fund launches Mirae Asset Balanced Advantage Fund; key things to know
Updated : Jul 20, 2022

Mirae Asset Mutual Fund launches Mirae Asset Balanced Advantage Fund; key things to know

The fund will be jointly managed by Harshad Borawake, fund manager and head of research, on the equities side and Mahendra Jajoo, CIO fixed income, on the debt side. The benchmark index for the fund will be the Nifty50 Hybrid Composite Debt 50:50 Index.

ICICI Prudential MF schemes delivered solid return to investors in 1 year; here's how
Updated : Jul 11, 2022

ICICI Prudential MF schemes delivered solid return to investors in 1 year; here's how

At least seven mutual fund schemes managed by ICICI Prudential Mutual Fund have managed to top the chart in their respective categories during the past 12 months. Sankaran Naren, ED and CIO, ICICI Prudential AMC , explains how.

Edelweiss denies report of company looking to sell mutual fund business
Updated : Jul 01, 2022

Edelweiss denies report of company looking to sell mutual fund business

Edelweiss Financial Services said that the company strongly and emphatically denies the report and wishes to reiterate that the news is factually untrue and purely speculative and motivated by vested interests.

The Securities and Exchange Board of India has set an overall industry level limit of USD 7 billion for mutual funds to invest in overseas securities and funds and a separate limit of USD 1 billion for investment in overseas ETFs.
Updated : Jun 21, 2022

SEBI gives way for mutual funds to resume investment in international stocks

The Securities and Exchange Board of India has set an overall industry level limit of USD 7 billion for mutual funds to invest in overseas securities and funds and a separate limit of USD 1 billion for investment in overseas ETFs.

Investors subscribing MFs from August to get choice of providing nomination: SEBI
Updated : Jun 15, 2022

Investors subscribing MFs from August to get choice of providing nomination: SEBI

Last year, Sebi gave a similar choice for investors who were opening new trading and demat account.

Prior to this, such schemes had consistently witnessed outflows for eight months from July 2020 to February 2021 losing Rs 46,791 crore.
Updated : Jun 09, 2022

Equity MFs attract Rs 18,529 crore inflow in May: AMFI data

Equity schemes have been witnessing net inflow since March 2021, highlighting the positive sentiment among investors.

The funds have been allocated to other fund managers, including Jinesh Gopani, Head - Equity and Ashish Naik, Fund Manager - Equity.
Updated : May 06, 2022

Axis MF changes fund managers amid alleged violations

Among those who have been removed as fund managers are Chief Trader & Fund Manager Viresh Joshi and Assistant Fund Manager Deepak Agrawal. While Joshi has been with Axis MF since 2009, Agarwal joined the fund house in 2015 as an equity research analyst.

The number of folios under equity, hybrid and solution oriented schemes, wherein the maximum investment is from retail segment, stood at about 10.34 crore as of March 2022.
Updated : Apr 17, 2022

Mutual funds add 3.17 crore folios in FY22 on equity, digitisation rally

This was a significant rise from 2020-21 when 81 lakh accounts (or folios in mutual fund parlance) were opened, data with the Association of Mutual Funds in India (Amfi) showed.

Sandeep Bagla, CEO at Trust MF, said there was a need to construct bespoke indices, which would truly reflect the fund management style.
Updated : Apr 01, 2022

Amfi prescribes new benchmark for mutual fund schemes

Mutual Fund industry body listed out first-tier benchmarks for 67 types of mutual fund schemes.

Sebi releases timelines for mutual fund to rebalance portfolios
Updated : Mar 30, 2022

Sebi releases timelines for mutual fund schemes to rebalance portfolios

In a circular, Sebi said the rebalancing period will be applicable in the event of deviation from mandated asset allocation mentioned in the Scheme Information Document due to passive breaches.