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Mutual Funds

Mutual Funds

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

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

Sep 09, 2022

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

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

Jul 20, 2022

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

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

Jul 11, 2022

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

Edelweiss denies report of company looking to sell mutual fund business

Jul 01, 2022

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.

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

Jun 21, 2022

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

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

Jun 15, 2022

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.

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

Jun 09, 2022

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.

Axis MF changes fund managers amid alleged violations

May 06, 2022

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.

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

Apr 17, 2022

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.

Amfi prescribes new benchmark for mutual fund schemes

Apr 01, 2022

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

Sebi releases timelines for mutual fund schemes to rebalance portfolios

Mar 30, 2022

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.

The Axis NIFTY Midcap 50 Index Fund will invest in 50 most liquid midcap stocks, giving preference for stocks where F&O contracts are traded on NSE.  

Axis Mutual fund launches NIFTY Midcap 50 Index Fund

Mar 09, 2022

The NFO (new fund offer) will open for subscription on March 10, and close on March 21.

Multi cap mutual fund collection dipped by 90% in January; Here is why

Multi cap mutual fund collection dipped by 90% in January; Here is why

Feb 09, 2022

As per AMFI monthly data, inflows in equity oriented mutual fund declined by 40% to Rs 14,887 crore in January.

AMFI directs mutual funds to put overseas investments on hold

AMFI directs mutual funds to put overseas investments on hold

Jan 31, 2022

Fund houses have been told not to make any incremental investment in overseas funds from February 1 as $7 billion overseas investment limit close to being breached.

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Equity AUM up 46% in CY21; highest net inflows in 3 yrs: Motilal Oswal

Jan 17, 2022

The Nifty recorded impressive gains of 24% YoY despite adverse COVID-related challenges in CY21, the brokerage firm added.

Aditya Birla Sun Life MF, Nippon India MF, DSP MF, HDFC MF and Mirae Asset are some of the other fund houses that have already taken the first step towards launching their respective silver-based schemes. 

Silver ETF is the new arena for mutual funds to compete 

Jan 07, 2022

At least half a dozen mutual fund houses are in the race to launch exchange traded funds and fund of funds based on silver; SEBI gave its go-ahead to silver ETFs in September 2021.

Union Commerce and Industry Minister Piyush Goyal

Mutual fund disclaimers should flow at same speed as rest of ad, says Piyush Goyal

Jan 06, 2022

The commerce minister, who also holds the consumer affairs portfolio, added that he is willing to change the regulations if needed to ensure that the over Rs 37 lakh crore MF industry falls in line.

Corrections can be used to increase equity exposure: Aditya Birla MF

Corrections can be used to increase equity exposure: Aditya Birla MF

Jan 05, 2022

According to the fund house, portfolios having a slight tilt towards domestic cyclicals should do well in 2022 and investors can expect moderate returns along with stock specific rally in the short term.

Both MFs and ULIPs invest in securities.

AMFI asks govt to bring debt-linked saving schemes, tax parity with ULIPs

Dec 13, 2021

It has been further proposed that investment of up to Rs 1.5 lakh under DLSS be eligible for tax benefit, subject to a lock in period of five years (just like tax saving bank FDs).

 All decisions have been taken after receiving representations from the Association of Mutual Funds in India (AMFI).

Mutual funds: Sebi defers deadline for risk management framework implementation till April 2022

Dec 11, 2021

As per the rules, trustees and Asset Management Companies (AMCs) will have to ensure that the assets and liabilities of each scheme are segregated and ring-fenced from other schemes of a mutual fund.

The data needs to be disclosed latest by the seventh of the succeeding month, Sebi said in separate circulars.

Sebi asks mutual funds, AIFS, portfolio managers to disclose investors charter, complaint data

Dec 11, 2021

For mutual funds and portfolio managers, Sebi said they are advised to disclose the investor charter on their websites, as per separate circulars.