Investor confidence in value mutual funds remains robust, with the category witnessing an inflow of Rs 1,556 crore in January, indicating a shift in their focus towards fundamentally strong yet undervalued stocks. This represents a slight increase from the Rs 1,514 crore inflow registered in December, according to data from industry body Association of Mutual Funds in India (Amfi). However, despite the inflow, assets under management (AUM) in this category declined from Rs 1.88 lakh crore in December to Rs 1.83 lakh crore in January. This decline in AUM highlights some challenges, but the outlook for value funds in 2025 remains optimistic. Santosh Joseph, Co-founder and CEO of Germinate Investor Services, said the future of value funds will largely depend on sectoral trends and macroeconomic conditions. "The key sectors that drove the value fund rally in 2023 and 2024, including metals, real estate, construction, capital goods, PSUs, and manufacturing, are expected to maintain the
The Sensex surged 1.42 per cent (1,071.33 points) to 76,459.72, while the Nifty50 bounced 1.37 per cent (312.5 points) to 23,110.85, suggesting that some support is still present
SBI Mutual Fund on Friday picked up an additional 3.8 per cent stake in auto components maker Happy Forgings for Rs 341 crore through an open market transaction. According to the bulk deal data available with the BSE, SBI Mutual Fund purchased 35.91 lakh shares, amounting to a 3.8 per cent stake, of Happy Forgings. The shares were acquired at an average price of Rs 950 apiece, taking the transaction value to Rs 341.22 crore. After the transaction, SBI Mutual Fund's holding in Happy Forgings has increased to 5.77 per cent from 1.97 per cent. Meanwhile, Business Excellence Trust III offloaded 39.10 lakh shares or 4.2 per cent stake in Happy Forgings for Rs 371 crore through an open market transaction. Business Excellence Trust III is a Sebi-registered Alternative Investment Fund managed by MOPE Investment Advisors. MOPE, a subsidiary of Motilal Oswal Financial Services Ltd (MOSFL). The shares were sold at an average price of Rs 950.06 per piece, taking the deal value to Rs 371.48 .
The industry saw its net equity flows come down from Rs 41,886 crores in October to Rs 35,943 crores last month, a 14% fall.
Markets regulator Sebi has asked the mutual fund industry to proactively conduct stress tests, a key component of risk management for the financial sector, which will help strengthen the ecosystem, its whole-time member Ananth Narayan Gopalakrishnan said on Friday. The regulator's stress testing emphasizes the need to assess and manage liquidity risks, especially in small and midcap equity schemes. Speaking at a mutual fund event, Gopalakrishnan highlighted the importance of modelling stress scenarios not just for individual schemes or fund houses but for the entire mutual fund ecosystem. "It is also important to model stress scenarios for the entire composite mutual fund ecosystem. I would strongly encourage the industry and AMFI to take the lead and proactively conduct objective and credible industry wide stress tests. themselves," Gopalakrishnan said. He also emphasized the need to find better ways to communicate the risks associated with different mutual fund schemes. The Sebi
Badshah says that the hike in capital gains taxation is an adverse development, but given the high growth trajectory of domestic equities, it shouldn't be a major worry
Proposal follows removal of indexation benefits from debt funds in the Budget 2023
Sebi's investigation stems from red flags raised by their surveillance system. These flags indicated a potential pattern where trades by certain entities closely mirrored those of Quant Mutual Fund
Valuations are high in companies in defense, railways, engineering, new energy, and the power sectors, Parekh of DSP Mutual Fund said in an exclusive interview
Over two-thirds of active largecap schemes outperform Nifty 100 TRI
Indian economy grew 8.4% in the October-December quarter, marking its fastest pace in one-and-a-half years, led by robust manufacturing and construction activity
Industry will reach Rs 100 trillion by 2030, said top executives at Business Standard BFSI Insight Summit 2023
Investors are looking at India to diversify their emerging markets portfolio amid worries about economic growth in China and Sino-US tensions, analysts said
As per the fund house, the scheme will go by the 'buy and hold' strategy and will look to invest in companies that have low debt and high capital efficiency
Equity AUM for domestic MFs (including ELSS and index funds) decreased 1.4% MoM to Rs 20.7 trillion Oct'23, led by a fall in market indices (Nifty down 2.8% MoM).
Kamath said that he has 'no sympathies' for organisations complaining of not having enough people in a country like India
We can derive comfort from the fact that the real rates, across economies, are now mostly positive: Tripathi
Growth expectations of incumbent AMC players may get trimmed in the medium-to-long term, analysts said, once the Jio-BlackRock JV unveils its plans
Industry growth at 6.4% highest in seven quarters
Proposal being reviewed by a working group formed by Sebi