Chairman Kamath says to have late-mover advantage
Join public sector-linked peers SBI and UTI MF
While the VIX reading still remains a benign 12, the recent surge suggests a bearish turn in sentiment, according to analysts
Unfulfilled credit demand in riskier segments, lack of high-yielding options create opportunities
Listing could see Rs 3,800 crore worth of selling by passive MFs
Five new fund houses Rs 12,400 crore AUM during their initial period
Our size may be large but we are one of the smallest in terms of weighted average market cap, said Chirag Setalvad
Exposure remains less than 3% in most companies
Retirement fund allocates Rs 53,000+ crore to equity ETFs
The other inclusions - IDFC First Bank, PFC, Ashok Leyland, Cummins India, Astral and HDFC AMC - were on the expected lines. ACC was the only exclusion
Vishal Jain, former Nippon India MF executive, to head the MF business
This marks a reduction from the previous mandatory provision, where AMCs were required to offer investors a 30-day period to exit without incurring an exit load
Among the top 10 fund houses, Kotak Mahindra MF and Mirae Asset MF logged the highest growth in retail assets at 70 per cent and 66 per cent, respectively
Smallcap schemes continue to be a big draw
Invest Rs 7,700 crore in July, highest in four months
MFs expect hybrid funds to become investor favourites
Devalkar has been with the fund house for over seven years and has been managing its bluechip, mid-cap, small-cap and flexi-cap funds
At the same time, the investment of foreign investors in Indian MFs increased by 1.6 per cent (in dollar terms) to $18.7 billion
SBI first revealed its intentions to take the mutual fund subsidiary public on December 15, 2021, with the aim of raising $1 billion
During recent run-up in share prices, positives have been factored in: Analysts