Outflows surpassed Rs 33K crore between July and December
November outflow at record high even as overall AUM tops Rs 30 trn milestone on sharp run up in stock markets and positive flows into debt category
Axis Special Situations Fund will tap domestic and global markets; UTI Small Cap Fund will invest in small cap stocks.
The thematic passive index fund is designed with the objective of providing Indian investors access to both Indian and global healthcare companies
Industry AUM slips below Rs 27 trn in September
Sebi has further improvised the risk-o-meter, which will have six levels, up from five. The labels now range from 'low' to 'very high risk'
Switching from one scheme to another is treated as transfer and is subject to capital gains tax
Contributions totalled Rs 7,792 crore in August, half a per cent lower than the Rs 7,831 crore garnered in the previous month
Investors move towards debt, gold ETF, eyeing pockets of safety
IRDAI said any transfer of shares beyond the stipulated threshold limits without the prior approval of the authority will attract appropriate regulatory and legal action
According to data sourced from primemfdatabase.com, as many as eleven small-cap schemes held 7 per cent of their asset base in cash at the end of June
Equity schemes mobilised Rs 13,760 crore in June, 28% below 12-month average
Flows were 95 per cent lower than previous month's tally
MF experts say that market volatility is likely to continue as economic outlook remains uncertain and Covid-19 is still a major concern
Sebi has also relaxed the norms for qualified institutional placements (QIP), a popular route to raise fresh capital from institutional investors.
Top-five fund houses account for over 61% of industry assets
Schemes got Rs Rs 5,256 crore, 15% lower than previous month
In April -- which was the first full month post-lockdown -- equity flows were down 47 per cent down to Rs 6,212 crore, reflecting the impact of lockdown
Equity schemes have seen a little bit of a slowdown in 2019 as compared to the past few years
Even as equity schemes saw investor flows dip to a multi-year low, large-cap schemes continue to find traction among investors