Page 21 - Latest Updates on Mutual Fund
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")
MFs' exposure to bank stocks hits record Rs 1.2 lakh cr in Feb end
After banks, IT was the second-most preferred sector with fund mangers
 "MFs' exposure to bank stocks hits record Rs 1.2 lakh cr in Feb end")
Regulator mulls instant cash-out from mutual funds
The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month
 "Regulator mulls instant cash-out from mutual funds")
Mutual fund managers invest over Rs 2,000-crore in stocks in February
Apart from equities, fund managers invested Rs 38,830 crore in the debt markets last month
MF buying trend
Infosys was a clear favourite
 "MF buying trend")
MFs raise cash levels ahead of Q3 results
Experts say raising of cash levels wasn't a sector-wide trend
 "MFs raise cash levels ahead of Q3 results")
Sebi's investment advisory guidelines face resistance
Mutual Fund distributors are not allowed to provide incidental or basic investment advice pertaining to MF schemes
 "Sebi's investment advisory guidelines face resistance")
October investor flow in equity MFs at 16-month high
Equity schemes; assets under management were Rs 5.25 lakh crore by the end of October, from Rs 5.05 lakh crore at end-September
 "October investor flow in equity MFs at 16-month high")
 "Mutual fund managers raise a toast to ICICI bank")
How staying invested in MF schemes via SIP pays
Most equity schemes have more than doubled their NAVs in 8 years, even if they entered at the pre-Lehman crisis peak
 "How staying invested in MF schemes via SIP pays")
IT, pharma funds offer no returns over last one year
Worst performers among category funds, but beat sectoral indices
 "IT, pharma funds offer no returns over last one year")
As Fatca comes closer, 5 mn folios risk closure
Compliance deadline with US law ends Aug 31, involving accounts with Rs 1 lakh crore in assets
 "As Fatca comes closer, 5 mn folios risk closure")