Page 2 - Indian Mutual Fund Industry
Expecting daily positive moves in stock market is unreasonable: Parekh
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
 "Expecting daily positive moves in stock market is unreasonable: Parekh")
Active funds shine as equity markets see broad-based gains in FY24
Over two-thirds of active largecap schemes outperform Nifty 100 TRI
 "Active funds shine as equity markets see broad-based gains in FY24")
Domestic consumption next catalyst for India equity markets: Trust MF CIO
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
 "Domestic consumption next catalyst for India equity markets: Trust MF CIO")
Rs 50 trillion mutual fund AUM tip of the iceberg, say industry leaders
Industry will reach Rs 100 trillion by 2030, said top executives at Business Standard BFSI Insight Summit 2023
 "Rs 50 trillion mutual fund AUM tip of the iceberg, say industry leaders")
India ETF flows hit record in 2023, analysts see momentum persisting
Investors are looking at India to diversify their emerging markets portfolio amid worries about economic growth in China and Sino-US tensions, analysts said
 "India ETF flows hit record in 2023, analysts see momentum persisting")
Old Bridge MF launches maiden offering in old bridge focused equity fund
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
 "Old Bridge MF launches maiden offering in old bridge focused equity fund")
Mutual fund redemptions dip to 6-month low in Oct, equity AUM up 24.5% YTD
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).
 "Mutual fund redemptions dip to 6-month low in Oct, equity AUM up 24.5% YTD")
Never seen this kind of alignment in banks: KV Kamath at the BS BFSI Summit
Kamath said that he has 'no sympathies' for organisations complaining of not having enough people in a country like India
 "Never seen this kind of alignment in banks: KV Kamath at the BS BFSI Summit")
Resilience shown by economies surprised market: Nippon India MF's Tripathi
We can derive comfort from the fact that the real rates, across economies, are now mostly positive: Tripathi
 "Resilience shown by economies surprised market: Nippon India MF's Tripathi")
Can the Jio-BlackRock joint venture stir the AMC pot? What analysts say
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
 "Can the Jio-BlackRock joint venture stir the AMC pot? What analysts say")
Charging bulls chase up mutual fund average AUM in Q1, shows data
Industry growth at 6.4% highest in seven quarters
New mutual fund schemes with performance-based fee on the anvil
Proposal being reviewed by a working group formed by Sebi
 "New mutual fund schemes with performance-based fee on the anvil")
Women account for only 10% of total fund managers in MF industry: Report
Women account for only 10 per cent of the total fund managers in the mutual fund industry despite a gradual increase in their numbers witnessed in the last few years, a report said on Tuesday. The Morningstar Investment Adviser India's annual report on women fund managers in the asset-management industry said the total count of women fund managers has increased from 32 last year to 42 now. Interestingly, the total number of fund managers also saw a healthy increase this year to 428 from 399 last year. "When it comes to gender diversity, the latest findings of our report show that of the 428 fund managers, 42 are women who are managing funds either as primary or secondary managers," said the Morningstar report released ahead of International Women's Day on May 8. With a meagre 9.81 per cent representation, women still remain drastically under-represented among the ranks of mutual fund managers, Morningstar said. According to the report, there were only 18 women fund managers in 201
 "Women account for only 10% of total fund managers in MF industry: Report")
Mutual funds beyond returns
They have an important role in improving corporate governance and deepening the corporate bond market
 "Mutual funds beyond returns")
Active or passive ELSS? Investment advisors divided over clear winner
Some see potential in the newly introduced passive option, other see promise in active ELSS
 "Active or passive ELSS? Investment advisors divided over clear winner")
IIFL Wealth rebrands as 360 ONE, to rename its MF, PMS and AIF schemes too
The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products
 "IIFL Wealth rebrands as 360 ONE, to rename its MF, PMS and AIF schemes too")
Subdued equity market slows mutual fund penetration, shows data
Mutual funds fail to carry high growth momentum of FY22 due to changed market conditions
 "Subdued equity market slows mutual fund penetration, shows data")
Sebi gets tougher with MF industry body for dragging feet on pooling norms
Regulator also unhappy with phase-1 of two-factor authentication framework, asks Amfi for schedule and progress reports
 "Sebi gets tougher with MF industry body for dragging feet on pooling norms")
Mutual funds, DIIs turn net buyers as market falls; FPIs net sellers
Foreign investors pull out Rs 12,000 crore after pumping in Rs 60,000 crore in July, August
 "Mutual funds, DIIs turn net buyers as market falls; FPIs net sellers")
No online transactions in MF folios with wrong phone numbers from Oct: CAMS
According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.
 "No online transactions in MF folios with wrong phone numbers from Oct: CAMS")
