Page 17 - Latest Updates on Mutual Fund
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
 "FT MF puts investment limits on FoF to deter arbitrage-seeking flows")
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")
YES Bank fiasco: Mutual funds to approach Sebi on 3-year lock-in
Nifty, Bank Nifty funds will have to sell stock after index exclusion
 "YES Bank fiasco: Mutual funds to approach Sebi on 3-year lock-in")
Don't shy away from money matters: Here's expert guide for women
Invest aggressively to deal with the challenges posed by a longer average life span and an often-curtailed work span
 "Don't shy away from money matters: Here's expert guide for women")
Nippon India Mutual Fund marks down its investment in Yes Bank to zero
In addition, the fund house has imposed a limit of Rs 2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement.
 "Nippon India Mutual Fund marks down its investment in Yes Bank to zero")
Women fund managers outperform men on delivering returns: Morningstar study
Manage Rs 3.59 trillion or 13% of MF industry assets, yet remain under-represented in the industry, constituting only 8% of the country's fund manager population
 "Women fund managers outperform men on delivering returns: Morningstar study")
Sebi ends assessment of OneLife as firm calls off bid for Sahara MF
The firm, which hit a stonewall thrice over its sponsorship bid, finally informed Sebi of its decision to withdraw due to a drop in Sahara MF's net worth and exit of top execs
 "Sebi ends assessment of OneLife as firm calls off bid for Sahara MF")
Sebi diktat hits commercial papers; traded volume slips to Rs 34,659 crore
Experts say the Sebi rule has played a part but it is also a reflection of the funding crisis that NBFCs are going through.
 "Sebi diktat hits commercial papers; traded volume slips to Rs 34,659 crore")
Sebi notifies norms, scraps upfront fees for portfolio management services
Under portfolio management services (PMS), portfolio managers offer customised investment advice to clients, typically high net worth individuals.
 "Sebi notifies norms, scraps upfront fees for portfolio management services")
Investments in equity MFs rose 35% QoQ to Rs 24,000 cr in Jul-Sep: Report
Over 25 per cent (more than Rs 6,000 crore) of the net flows have been directed toward the large-cap category
 "Investments in equity MFs rose 35% QoQ to Rs 24,000 cr in Jul-Sep: Report")
PPFAS mutual fund crossed AUM of over Rs 2,700 crore: Chairman Parikh
Parikh said the flagship long-term equity fund scheme has an AUM of Rs 2,300 crore, and invests in both domestic and foreign equities
 "PPFAS mutual fund crossed AUM of over Rs 2,700 crore: Chairman Parikh")
Financial gifting can have roadblocks, especially if the recipient is minor
Stocks can be easily transferred, but gifting mutual funds and life insurance to distant relatives, family or friends is more complicated
 "Financial gifting can have roadblocks, especially if the recipient is minor")
FEMA norms may raise investment bar on foreign-owned mutual funds
Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities
 "FEMA norms may raise investment bar on foreign-owned mutual funds")
Mutual fund houses approach Sebi with 125 new schemes in 2019 so far
Fund houses attributed the fewer NFOs (new fund offers) in 2019 to tepid investors' sentiment and liquidity crisis in debt funds