MFs onboarded only 1.6 mn new unique investors in H1CY23
UTI MF launches new fund; 360 ONE and Bajaj Finserv file papers
However, Sebi announced in June that it was re-evaluating these plans, citing industry-provided data
The ongoing rally has been driven by foreign investors. In the April-June quarter of the 2023-24 financial year (Q1FY24), they pumped in over Rs 1 trillion into the Indian market
Rise in distribution commissions outpaces MF industry's asset growth in FY23
Automobile, capital goods among top overweights for domestic funds
'From a near-term point of view, there is exuberance and that's leading to some challenges'
Investors have pulled out Rs 875 crore between April and June from these schemes amid tax changes
MFs were low on deployment of funds in the equity market in June as they invested a net of Rs 5,664 crore in a rising market scenario
Five active large-cap schemes have delivered double-digit returns during H1 and 22 others have delivered gains of more than 6.6 per cent
Investors pump in record Rs 5,470 crore into smallcap schemes in June
Industry growth at 6.4% highest in seven quarters
The trustees can avail services of third parties like audit firms, legal firms and merchant bankers to fulfill certain responsibilities
Nifty falls nearly a per cent after adding 4.5% in the last eight trading sessions
Cites recent sharp rally in the small cap space, says move will lead to gradual deployment of corpus
Moderating sales, valuation concerns pull down deployment; net inflows from domestic equity funds at Rs 2,980 cr since April
On the day, stocks in the mid-cap and small-cap space saw profit-taking. The BSE Smallcap ended with just 0.05% gain, while the BSE Midcap index declined 0.22%
M-cap of BSE-listed firms just shy of Rs 300 trillion
MF industry's stock reclassification to also see entry of Canara Bank and IDBI Bank into largecap space
Sebi Chairperson Madhabi Puri Buch recently said that the capital markets regulator has lined up half a dozen initiatives to ensure a more level playing field in the stock exchange space