The slew of regulatory changes has kept the mutual fund industry and officials of Association of Mutual Funds in India (Amfi) on their toes over the past few weeks
The CIO of Principal Global Equities says more than 20 per cent of companies and industries represented in international indices face significant long-term structural risks
The category received inflows of Rs 597 crore in September, taking its year-to-date total to Rs 5,957 crore
Sebi's intention is to protect investors, but flexibility has been taken away now, says fund official
Clarifies that employees who made investments in the six wound-up schemes continue to hold substantial investments in these schemes
Industry AUM slips below Rs 27 trn in September
They feel regulator should allow active funds to invest above the prescribed single-stock limit
The asset manager said last week that its six shut schemes had received Rs 8,262 crore from maturities, pre-payments and coupon payments after closing down in April
The former gave average category returns of 4.3 per cent, in comparison to 0.2 per cent for the latter, shows data from PMS Bazaar
Axis MF posted the highest growth in percentage terms, with assets up 16.4 per cent at Rs 1.56 trillion, followed by UTI MF, which rose 16.1 per cent to Rs 1.55 trillion
Outflows from India-dedicated, GEM, and other categories of funds totalled $467 million in August and $10.4 billion in CY20
CFMA alleged that Amfi was undermining a lawfully registered FIR against FTMF when it was not privy to the forensic audit
17 of 37 schemes beat index's returns of -6.4%, but only 3 were positive
Writer who coined the term 'gray rhino'--threats that are highly probable but are ignored--warns against economic inequality.
This is aimed at improving liquidity in all schemes and would help schemes to meet sudden redemption pressures, said chairman Ajay Tyagi
Structurally, the market is exposed to high-growth industries and over 50 per cent of markets earnings are derived overseas, said experts
Market players believe the new Sebi rule on net asset values (NAVs) will help capture the transactions on both asset and liability sides without any lag
The August 10 circular mandates trustees to appoint a dedicated officer to assist them in their work
Until now, investors who gave a cheque for below Rs 200,000 got the same day's NAV, while those putting more got the NAV of the day when the cheque was realised
Alex Tedder is CIO, Head of Global & Thematic Equities at Schroders Investment Management