Page 9 - Chirag Madia

Amfi rejig: NMDC, SAIL, BoB, 4 other stocks enter large cap category

Changes will apply from July-December 2021; newly-listed companies India Railway Finance, Macrotech, Indigo Paints and Sona BLW Precision Forgings enter mid-cap category

Mutual fund AUM grows 3.3% sequentially in June qtr, smaller AMCs see churn

Amfu data shows fund houses such as Quant MF, Trust MF, ITI MF, PPFAS MF and PGIM India MF were top performers in terms of average AUM accretion

Equity mutual funds may see net inflows for fourth straight month

Market participants say that redemption pressure has slowed down, and new sales have gone up substantially in the month of June

Investors are looking beyond pure-play equity schemes, say analysts

The fear of a sharp correction in the equity market is compelling MF investors to consider less risky alternatives, say industry players

Ample room for growth in small-mid-caps: Nimesh Chandan,Canara Robeco MF

"Currently, there are no signs which indicate that we are moving into a crisis or a bear market," said Chandan

SAT grants interim relief to Franklin Templeton MF, partly stays Sebi order

In a 100-page order, Sebi has rapped the fund house for "several irregularities" in the running of its six debt schemes that were wound up in April 2020

Sebi defers implementation of MF employee compensation norms to Oct 1

In April, market regulator announced that 20% pay of senior MF officials must be in the form of units of schemes they oversee

Franklin MF moves SAT seeking stay on Sebi's Rs 5 crore penalty order

Tribunal to issue an order next week on whether plea can be admitted

Sebi boosts liquidity risk management for open-ended debt schemes

The market regulator has also asked AMFI to prescribe a suitable framework in this regard within one month. The framework will be adopted by all AMCs

Regulator may ask asset management firms to go slow on thematic schemes

Some themes aggressively pursued by fund houses include environmental, social and governance (ESG), international funds, and other innovative ETFs in the equity, as well as debt segments

About 60 NFOs mobilise Rs 27,000 cr in six months amid buoyancy in markets

While new offerings are usually launched during a bull phase when investor sentiment peaks, industry officials believe these NFOs launches are largely to complete bouquet of products from fund houses

Makes sense to remain constructive on equities: Nimesh Shah of ICICI Pru MF

The MD and CEO of the fund house says India remains attractive as firms have deleveraged, credit growth is very low, capex cycle is yet to revive and profit-to-GDP ratio is low too

Flexicap schemes find favour among investors amid broad market rally

Category now second biggest after large-cap funds

Sebi imposes Rs 15 cr penalty on FT MF chief executive, fund managers

Regulator cites obsession with high-risk strategies without factoring concomitant risks; fund house to appeal order

SAT pares Sebi's Rs 1 cr penalty on CARE Ratings to Rs 10 lakh; stock gains

The tribunal, however, has affirmed the order pertaining to lapses in assigning credit rating of Reliance Communications debentures

SIP discontinuation drops in May as equity markets hit new record highs

In the last few months SIPs discontinuation were in the range between 700,000 and 800,000.

Recovery in NAV supports winding up decision, says Franklin Templeton

Says current NAV of each of the six schemes is higher than on April 23, 2020, the AUM on which date was considered while returning amounts to unitholders

At Rs 10,083 cr, equity MFs garner highest inflows in 14 months in May

Industry AUM tops Rs 33 trillion as markets log new highs

Sebi's Franklin Templeton order sends ripples across MF industry

Fund houses to review investment processes; opt for safety over returns

Sebi increases overseas investment cap for individual MFs to $1 bn

Earlier limit was $600 mn; overall industry limit of $7 billion