Page 6 - Latest Updates on Mutual Fund
Six new fund houses set to join Rs 68-trillion MF industry in 2025
Angel One, Unifi set to launch first fund this year; four more likely to secure licence this year
 "Six new fund houses set to join Rs 68-trillion MF industry in 2025")
Large-cap cut-off surpasses Rs 1 trillion as 11 new stocks join the list
These midcap stocks that have earned an upgrade include CG Power, Rail Vikas Nigam, ICICI Prudential Life Insurance, Polycab India, Indus Towers, Cummins India and Info Edge
 "Large-cap cut-off surpasses Rs 1 trillion as 11 new stocks join the list")
MFs' equity buying exceeds Rs 4 trillion in 2024 for the first time
MFs have the largest institutional buyers in the equity market in two of the last three years - 2022 and 2024. In 2023, they were only slightly behind foreign institutional investors (FIIs)
 "MFs' equity buying exceeds Rs 4 trillion in 2024 for the first time")
UTI MF launches Quant Fund focusing on quantitative investment theme
Fund seeks to generate long-term capital appreciation by investing in equity and equity-related instruments
 "UTI MF launches Quant Fund focusing on quantitative investment theme")
Active largecap funds set to outperform for second consecutive year
More number of funds likely to beat the benchmark this year vis-a-vis 2023
 "Active largecap funds set to outperform for second consecutive year")
Shift to 12-13% growth will create a selective market: Vinit Sambre
Says caution is warranted for segments with stretched valuations and peaking business cycles, such as engineering and capital goods or automotive
 "Shift to 12-13% growth will create a selective market: Vinit Sambre")
Sebi targets NFO mis-selling with new rule to prevent portfolio churn
Regulator puts an end to switching of funds by distributors for higher NFO commissions
 "Sebi targets NFO mis-selling with new rule to prevent portfolio churn")
What is MITRA? Platform proposed by Sebi to track inactive mutual funds
The mutual fund investment tracing and retrieval assistant, or MITRA, platform will help trace inactive and unclaimed folios, thereby preventing potential misuse
 "What is MITRA? Platform proposed by Sebi to track inactive mutual funds")
Mutual funds go big on fresh issuances in November, shows data
Most of the MF investments in the three companies (Swiggy, Zomato and NTPC) are likely to have happened in the primary market, with mutual funds being major investors during the IPO anchor allotments
 "Mutual funds go big on fresh issuances in November, shows data")
RBI approves Canara Bank's stake sale in MF, insurance subsidiaries via IPO
Canara Robeco AMC was established in 1993 and was initially known as Canbank Mutual Fund
 "RBI approves Canara Bank's stake sale in MF, insurance subsidiaries via IPO")
Rise in DIY investing: Direct plans now make up around 40% of SIPs
Investors can purchase direct plans directly on MF websites and online investment platforms
 "Rise in DIY investing: Direct plans now make up around 40% of SIPs")
Ahead of IPO, Enviro Infra Engineers bags Rs 195 cr from anchor investors
As per the circular, Enviro Infra Engineers has allotted over 1.31 crore equity shares to 22 funds at Rs 148 apiece, which is also the upper end of the price band
 "Ahead of IPO, Enviro Infra Engineers bags Rs 195 cr from anchor investors")
Samco MF launches tax-efficient arbitrage fund for high-tax slab investors
The scheme aims to invest in arbitrage opportunities between spot and futures prices of traded equities and within derivatives. If none are available, the Fund Manager may invest in debt and money mar
Axis MF announces new Target Maturity Fund , says offer has moderate risk
Fund plans to invest 95-100% of its assets in fixed-income instruments that mirror the CRISIL-IBX AAA Financial Services - Sep 2027 Index
 "Axis MF announces new Target Maturity Fund , says offer has moderate risk")
Equity NFO pipeline remains strong despite equity market weakness
Last month, fund houses introduced 21 new equity schemes, with another five launches already lined up for November
MF investors bet over Rs 17K crore on key equity schemes amid selloff
Equity schemes continue to witness net inflows, driven by SIPs
 "MF investors bet over Rs 17K crore on key equity schemes amid selloff")
Mutual fund units to fall under PIT regulations from November 1
The market regulator had issued the notification on the inclusion of MF units under PIT in November 2022, but it is being made effective now after consultation with industry bodies and members
Nomura sees robust growth ahead for domestic asset management cos
Forecasts industry AUM to grow at 18% CAGR between FY24 and FY30
 "Nomura sees robust growth ahead for domestic asset management cos")
Sachet-sized investments: First Rs 100 MF transaction takes place
ONDC was conceived to boost e-commerce in India and is now diversifying its services to include financial products
Baroda BNP Paribas MF launches Momentum 30 index fund: Who should invest
Scheme will follow passive strategy to leverage the top 30 momentum stocks from the Nifty 200 Total Return Index
 "Baroda BNP Paribas MF launches Momentum 30 index fund: Who should invest")