Page 13 - Latest Updates on Mutual Fund
Losing steam: Average NFO collection slumps in FY23, shows data
At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally
 "Losing steam: Average NFO collection slumps in FY23, shows data")
Kotak Securities buys investment platform for advisors, MF distributors
Over 2,300 distributors use the FundExpert Fintech platform to manage mutual fund portfolios worth over Rs 15,000 crore
 "Kotak Securities buys investment platform for advisors, MF distributors")
Equity mutual fund flows moderate in July, Maruti Suzuki on the top
The moderation in MF investments comes amid a revival in foreign portfolio investor (FPI) flows
 "Equity mutual fund flows moderate in July, Maruti Suzuki on the top")
Sebi defers implementation of MF holders' nomination rules till Oct 1
Markets regulator Sebi on Friday deferred the implementation of rules pertaining to nomination for mutual fund holders till October 1.
 "Sebi defers implementation of MF holders' nomination rules till Oct 1")
India's largest equity fund manager Prashant Jain to leave HDFC: Report
Prashant Jain was the longest-serving mutual fund manager in the industry, served for 28 years. With corpus crossing the Rs 1 trillion mark, he became the country's biggest equity fund manager in July
 "India's largest equity fund manager Prashant Jain to leave HDFC: Report")
Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort
The four entities are: Cashfree Payments, Fairex Solutions, Nearby Technologies, and Open Financial Technologies
 "Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort")
Sebi considers bringing MF transactions under insider trading ambit
The rules, if applied, would bring transacting in MF units at par with shares and would put the responsibility on top industry officials
Sebi proposes insider trading rules applicability in mutual fund dealings
Capital markets regulator Sebi on Friday proposed the applicability of insider trading rules to dealing in mutual fund units to initiate enforcement actions against those who misuse non-public info
June equity MF inflows drop 16% MoM to Rs 15,498 cr due to volatility
The figure is 18% below monthly average for the year; However, sustained inflows into SIPs endured for 16th straight month
 "June equity MF inflows drop 16% MoM to Rs 15,498 cr due to volatility")
Nippon India MF turns off inflow tap for 5 global funds, cites limit
The fund house has suspended lump-sum subscription, switch-ins, and fresh registration of systematic investment plan/systematic transfer plan under five schemes that invest in international stocks
 "Nippon India MF turns off inflow tap for 5 global funds, cites limit")
Canara Robeco MF halts inflows from UAE investors after nation's scrutiny
This was done after FATF added UAE to the Grey List
 "Canara Robeco MF halts inflows from UAE investors after nation's scrutiny")
Invest in dynamic bond funds to navigate impact of interest rate cycle
They outshine short-duration funds: Fund managers
 "Invest in dynamic bond funds to navigate impact of interest rate cycle")
Amfi stock reclassification review period nears end, lifting these stocks
Twelve stocks are moving from mid-cap to small-cap, reveals an analysis by analyst Brian Freitas of Periscope Analytics
 "Amfi stock reclassification review period nears end, lifting these stocks")
SIP and safe: Equity MF inflows strong despite market turmoil in May
Systematic investment plans help garner flows of Rs 12,286 crore in May, up Rs 423 crore in April.
 "SIP and safe: Equity MF inflows strong despite market turmoil in May")
MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report
Shift to short-term investments and IPO funding seen as reasons for trend, according to a report
 "MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report")
WhiteOak Capital Asset Management plans to open 100 branches in 12-18 mnths
WhiteOak Capital Asset Management, a new entrant to the mutual fund space, is looking to open nearly 100 branches across the country in the next 12-18 months.
 "WhiteOak Capital Asset Management plans to open 100 branches in 12-18 mnths")
Domestic MF industry's average AUM grew 19% to Rs 38.37 trn in FY22
Strong inflows into equity and hybrid schemes coupled with sustained inflows through systematic investment plan (SIP) contributed to the growth in assets.
Sebi tightens rule for 'passive breaches' by MFs, effective July 1
Provision for barring fund houses from launching new schemes, charging exit load
 "Sebi tightens rule for 'passive breaches' by MFs, effective July 1")
Macquarie sees long runway for growth for Indian MF industry
AUM-to-GDP ratio still at just 15%, compared with global average of 75%
 "Macquarie sees long runway for growth for Indian MF industry")
MF assets declined faster for frontier territories amid volatility
Sharp drop in total assets under management compared to rest of the country