Page 16 - Latest Updates on Mutual Fund
Sebi imposes Rs 15 cr penalty on FT MF chief executive, fund managers
Regulator cites obsession with high-risk strategies without factoring concomitant risks; fund house to appeal order
 "Sebi imposes Rs 15 cr penalty on FT MF chief executive, fund managers")
Sebi fines Franklin MF Rs 5 cr, asks it to return Rs 512 cr fund mgt fees
US-headquartered asset manager has been barred from launching any new debt scheme for two years
 "Sebi fines Franklin MF Rs 5 cr, asks it to return Rs 512 cr fund mgt fees")
Investors of Franklin Templeton's shut schemes to get Rs 3,205 cr
The unitholders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore in the week starting from Monday.
 "Investors of Franklin Templeton's shut schemes to get Rs 3,205 cr")
Adani Total, HPCL, PI Industries: How to trade MF rejig-related stocks
Here are trading strategies for the ones that may make it to the list, and the ones likely to get demoted.
 "Adani Total, HPCL, PI Industries: How to trade MF rejig-related stocks")
Equity MFs see net inflows for second month but Rs 5.6K crore less
Experts blame the Covid wave for the decline in April; redemptions come down
 "Equity MFs see net inflows for second month but Rs 5.6K crore less")
Online investment platform Groww to acquire Indiabulls MF for Rs 175 cr
Online investment platform Groww on Tuesday announced that it will be acquiring Indiabulls Mutual Fund for a total consideration of Rs 175 crore.
Minimum 20% key AMC employee compensation to be in mutual fund units: Sebi
Allotment to be done every month; units allotted subject to 3-year lock in, says market regulator
 "Minimum 20% key AMC employee compensation to be in mutual fund units: Sebi")
One year of FT MF debt saga: Asset manager sees 20% drop in holdings
Market participants say if the fund house is able to put the 2020 debacle behind by returning money to investors of the six debt schemes, it can make a strong come back
 "One year of FT MF debt saga: Asset manager sees 20% drop in holdings")
Fund Pick: Canara Robeco Equity Tax Saver is a consistent outperformer
The month-end assets under management (AUM) of the fund grew from Rs 898 crore in January 2018 to Rs 1,476 crore in December 2020.
 "Fund Pick: Canara Robeco Equity Tax Saver is a consistent outperformer")
Sebi tweaks eligibility norms, paves way for fintech firms to set up AMCs
Entity can sponsor an MF even if it doesn't fulfill profitability rule; CIRP cos asked to have at least 5% public float
 "Sebi tweaks eligibility norms, paves way for fintech firms to set up AMCs")
MFs withdraw Rs 14,300 cr in October; rebound least expected in 2020
During January-May 2020, mutual funds (MFs) made a net investment of more than Rs 40,000 crore in stock markets
 "MFs withdraw Rs 14,300 cr in October; rebound least expected in 2020")
What is a passive fund and is it a safe investment option? Things to know
In this podcast, Business Standard's Sanjay Kumar Singh explains the difference between active and passive funds, why should an investor get into passive funds and more
 "What is a passive fund and is it a safe investment option? Things to know")
FT MF puts investment limits on FoF to deter arbitrage-seeking flows
So that recovery for existing investors in wind-up schemes is not impacted
Broader markets race ahead in August, even as large-caps show fatigue
Retail buyers push Nifty Smallcap up 8% in August; mid-caps jump 6% against a 2% rise in large-caps
 "Broader markets race ahead in August, even as large-caps show fatigue")
Reliance Broadcast defaults to debt schemes of Franklin Templeton MF
In a note to investors, FT MF said that it was in the process of initiating appropriate enforcement action to recover dues from the issuer and other connected parties
Franklin Templeton MF's shut schemes receive Rs 4,280-cr since closure
Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market
MF industry witnesses steep cuts in fresh allocations to equity schemes
Equity schemes mobilised Rs 13,760 crore in June, 28% below 12-month average
 "MF industry witnesses steep cuts in fresh allocations to equity schemes")
Morningstar downgrades two HDFC Mutual Fund's equity schemes to 'silver'
The equity schemes had combined asset base of over Rs 33,000 crore
 "Morningstar downgrades two HDFC Mutual Fund's equity schemes to 'silver'")
Top MFs gain larger share of industry's debt pie post-Franklin wind-up
Top-five fund houses account for over 61% of industry assets
 "Top MFs gain larger share of industry's debt pie post-Franklin wind-up")
US Federal Reserve moves to ensure liquidity in money market mutual funds
The new facility will offer "support for the flow of credit to households and businesses" by ensuring the $3.8 trillion money market mutual fund industry can sell its holdings of US Treasury bonds
 "US Federal Reserve moves to ensure liquidity in money market mutual funds")