Page 15 - Latest Updates on Mutual Fund
Sebi mulls disclosure norms for MF ESG schemes, seeks public comments
Currently, top 1,000 listed firms are required to furnish a 'business responsibility and sustainability report' to the bourses, which has disclosures about ESG initiatives taken
 "Sebi mulls disclosure norms for MF ESG schemes, seeks public comments")
No room for me-too players in MF biz: Aashish Somaiyaa of White Oak Capital
While the MF industry has grown manifold over the past decade, the number of players have shrunk, says the CEO of the investment management firm in a Q&A
 "No room for me-too players in MF biz: Aashish Somaiyaa of White Oak Capital")
SIP inflows cross Rs 10,000 cr-mark for first time in a month in Sept
Equity inflows stood at Rs 8,677 cr; Debt segment saw outflows of Rs 63,910 cr
 "SIP inflows cross Rs 10,000 cr-mark for first time in a month in Sept")
Sebi tweaks MF compensation circular ahead of implementation on Oct 1
Sebi has also replaced the nomenclature 'key employees' - used in the original circular - with 'designated employees'
 "Sebi tweaks MF compensation circular ahead of implementation on Oct 1")
Non-metros help SBI MF mobilise record sum in Balanced Fund NFO
Over two-third was collected from beyond the top 8 cities; jump in average ticket size plays its part
 "Non-metros help SBI MF mobilise record sum in Balanced Fund NFO")
Sachin Bansal's Navi MF files documents for 4 new passive funds
During past two months, fund house has filed 14 schemes, all passive. In August, it had filed seven offer documents with Sebi in a single day
 "Sachin Bansal's Navi MF files documents for 4 new passive funds")
IDFC to look for suitors again for its Rs 1.26 trillion MF business
Existing fund houses, MF aspirants could show interest
 "IDFC to look for suitors again for its Rs 1.26 trillion MF business")
Samco MF to use six 'stress tests' for picking stocks before investing
Some of the tests include, cash flow stress, balance sheet and debt stress, and regulatory stress, fund house will initially launch a flexicap scheme followed by a global active fund and an ELSS
 "Samco MF to use six 'stress tests' for picking stocks before investing")
We'll follow rule-based active investment style: Rajiv Shastri of NJ AMC
The CEO of an asset management company run by the country's largest MF distributor talks about how the fund house plans to create a niche and avoid conflict of interest
 "We'll follow rule-based active investment style: Rajiv Shastri of NJ AMC")
Record SIP numbers bring cheer to mutual fund industry
Monthly SIP book nears Rs 10,000 cr, new SIP registration & AUM hit record highs
 "Record SIP numbers bring cheer to mutual fund industry")
Sachin Bansal-led Navi MF files seven offer for passive funds in a day
Fund house is planning to file a few more schemes with the regulator and will launch them as and when it starts getting Sebi clearance
 "Sachin Bansal-led Navi MF files seven offer for passive funds in a day")
Six Franklin MF shuttered schemes have Rs 1,981 cr cash for distribution
Sources the money will be given to investors in next few days; fund house has already returned Rs 21,080.34 cr or 84% so far
 "Six Franklin MF shuttered schemes have Rs 1,981 cr cash for distribution")
MMFs suitable for current environment, to gain on hardening interest rates
Most schemes in this category avoid taking any credit risk
 "MMFs suitable for current environment, to gain on hardening interest rates")
Sebi asks mutual fund houses to invest in NFO depending on risk level
However, the regulator has not quantified the minimum amount that needs to be invested by the fund houses.
Samco receives final approval from Sebi to start its MF business
With this, Samco, an online discount stock broker, will be the 45th player in the Rs 33-trillion MF space
ICICI Pru Flexicap Fund collects highest ever amount of Rs 10k cr in NFO
The Flexicap fund from ICICI Prudential MF aims to follow a mix of top-down and bottom-up approach to spot opportunities in large-, mid- and small-cap spaces respectively
 "ICICI Pru Flexicap Fund collects highest ever amount of Rs 10k cr in NFO")
Nippon India MF sells Rs 217 cr worth of Reliance Home Finance shares
Three debt schemes see rise in NAVs of 2-14%
 "Nippon India MF sells Rs 217 cr worth of Reliance Home Finance shares")
Fund Pick: Why Aditya Birla Sun Life Corporate Bond Fund is a winner
The month-end assets under management of the fund rose to Rs 24,669 crore in May 2021 from Rs 15,654 crore in June 2018.
 "Fund Pick: Why Aditya Birla Sun Life Corporate Bond Fund is a winner")
Mutual fund AUM grows 3.3% sequentially in June qtr, smaller AMCs see churn
Amfu data shows fund houses such as Quant MF, Trust MF, ITI MF, PPFAS MF and PGIM India MF were top performers in terms of average AUM accretion
 "Mutual fund AUM grows 3.3% sequentially in June qtr, smaller AMCs see churn")
Makes sense to remain constructive on equities: Nimesh Shah of ICICI Pru MF
The MD and CEO of the fund house says India remains attractive as firms have deleveraged, credit growth is very low, capex cycle is yet to revive and profit-to-GDP ratio is low too
 "Makes sense to remain constructive on equities: Nimesh Shah of ICICI Pru MF")