Page 20 - Latest Updates on Mutual Fund
Sebi's new expense charge regime to increase mutual fund penetration
Sebi permitted an additional 30 basis points of extra expenses to be charged to a mutual fund to incentivise distribution of such products in all cities
 "Sebi's new expense charge regime to increase mutual fund penetration")
MF Industry welcomes Sebi move to abolish extra commission for distributors
According to sector officials, the move will help to bring 30 cities on a par and arrest the churn rate in these regions
MF inflows: Don't stop SIP till you need money, say fund managers
2018 is a year marked by election schedules and likely to be quite volatile, due to domestic and global factors
 "MF inflows: Don't stop SIP till you need money, say fund managers")
Mutual fund folio count rises 9.5 mn in 8 months to all-time high of 65 mn
Experts said that a sharp rally in markets and low interest on deposits attracted more investors towards mutual funds
 "Mutual fund folio count rises 9.5 mn in 8 months to all-time high of 65 mn")
MFs cash in as public sector banks rally
Sell shares of SBI, PNB and BoB worth Rs 1,600 crore in October amid rally following recap announcement
 "MFs cash in as public sector banks rally")
Mutual fund equity folios at all-time high, with 7.5 mn new ones this year
The equity segment is dominated by individual and non-wealthy investors
 "Mutual fund equity folios at all-time high, with 7.5 mn new ones this year")
Sebi sets 5 broad categories for MF schemes; defines large cap, mid cap cos
Categories include equity, debt, hybrid, solution oriented; fund houses will have to carry out necessary changes within a maximum period of two months
 "Sebi sets 5 broad categories for MF schemes; defines large cap, mid cap cos")
Are mutual fund flows into equities at an inflexion point?
The recent deluge of net equity MF flows appears to be an outcome of a self-fulfilling virtuous cycle between inflating valuations and retail flows
 "Are mutual fund flows into equities at an inflexion point?")
Mutual fund ownership of BSE 500 companies at new high
Equity inflows, including equity component of balanced funds, rose to all-time high of Rs 18,200 cr
 "Mutual fund ownership of BSE 500 companies at new high")
Most MF distributors yet to furnish GST number to Amfi
According to sector sources, around 6,000 distributors have registered their GST number
 "Most MF distributors yet to furnish GST number to Amfi")
Top mutual fund houses get the lion's share of equity assets
SBI MF has benefited from Employees' Provident Fund Organisation inflow
Fund managers struggle to beat key indices as market soars
Fund managers have been advising investors not to keep their return expectation higher
 "Fund managers struggle to beat key indices as market soars")
Banking MF schemes emerge as most money makers for investors
Mutual funds in this category average a return of 38% in a year, well above key benchmarks
 "Banking MF schemes emerge as most money makers for investors")
Top funds underperform benchmarks in 2017
Of the 11 funds that meet size criteria, seven didn't beat their benchmarks since beginning of 2017
 "Top funds underperform benchmarks in 2017")
Mutual fund investments in stocks hit 5-month high of Rs 10k cr in April
Apart from equities, fund managers invested a staggering Rs 58,000 crore in debt markets in April
Mutual fund CEO salaries rise in 2016-17; loss-making funds also pay big
Salary given by ICICI Prudential Mutual Fund, HDFC MF, Reliance MF to CEOs increased in 2016-17
MFs face cost, operational pressures due to new KYC system
Industry player say the new system is costly and time-consuming as several details need to be filled
Hindalco, ITC and Avenue Supermarts most bought stocks by mutual funds
On the other hand, shares of Reliance Industries were the most liquidated
 "Hindalco, ITC and Avenue Supermarts most bought stocks by mutual funds")
Equity Funds' dream run continues
Interestingly, the equity assets had dipped to less than Rs 2 lakh crore in 2013
 "Equity Funds' dream run continues")
Profit from agility of small-sized funds
There are many schemes with assets of less than Rs 1,000 crore that have a sound performance record
 "Profit from agility of small-sized funds")