New buyers lose out, redeemers gain; fund houses expect anomaly to even out over time
The fund house advises investors to rebalance portfolios towards large-cap stocks, citing improving earnings visibility, supportive macro conditions and attractive valuations
The mutual fund industry had 278.6 million folios at the end of June, with Nippon India MF accounting for 14.4 per cent (40.2 million folios) of the total
In an overhaul of PMS regulations, Sebi also proposes expanding investment universe to to-be-listed, foreign securities
Beware that funds with higher exposure to mid- and smallcaps are likely to be more volatile
Umeshkumar Mehta of SAMCO Mutual Fund has called for a review of overseas investment limits, saying this will allow Indian investors to play global themes such as AI, semiconductors and biotechnology.
SBI MF, Kotak MF line up launches as ICICI Pru completes NFO
High market volatility, strained household budgets likely factors
Adani Enterprises, JSW Infra attract highest MF investments
The central bank has proposed a one-time approval mechanism for mutual funds, insurers and pension funds to acquire major shareholding in banks, replacing repeated approvals
JioBlackRock enters the SIF segment with a hybrid long-short fund, while ICICI Prudential MF launches a multi-asset active FoF for diversified investing
Vora says the market recovery is still in its early stages, with valuations remaining supportive
Before looking at a fund's performance, you must understand its structure
Nuvama Wealth Management Ltd on Wednesday said it has received final approval from markets regulator Sebi to commence mutual fund operations through its asset management arm, Nuvama Asset Management. The approval paves the way for the company to establish its mutual fund business and expand its asset management offerings. Nuvama said its asset management company will initially seek regulatory approvals to launch investment products under the Specialised Investment Fund (SIF) framework, followed by a broader range of mutual fund products over time. In a statement, the company said the development strengthens its position as an integrated wealth and asset management platform and will enable it to offer a wider range of investment solutions across investor segments. "Sebi's approval to establish our mutual fund business is another important building block in Nuvama's integrated wealth and asset management platform," Nuvama Group Managing Director and Chief Executive Officer Ashish Keh
Market correction is largely over and valuations remain attractive, says Mirae Asset CIO Neelesh Surana, citing earnings recovery and India's strong macro outlook
AlphaGrep Investment Management is set to enter the mutual fund industry with the launch of its first scheme next month and is targeting assets under management (AUM) of Rs 25,000-30,000 crore over the next three to five years, a top company official said. The move comes after the company received approval from the Securities and Exchange Board of India (Sebi) to commence mutual fund operations. The company's maiden new fund offer (NFO) -- a multi-asset allocation fund -- will open for subscription on July 6 and close on July 20. The scheme will invest in equity and equity-related instruments, debt and money market instruments, as well as gold, silver and other permitted commodity exchange-traded funds (ETFs). "We are targeting an AUM of Rs 25,000-30,000 crore in the next three to five years," AlphaGrep Investment Management Chief Executive Officer Bhautik Ambani told PTI. He said the asset management company will focus on quantitative equity and hybrid strategies driven by advance
The market regulator flagged a procedural delay in verifying an investor's eligibility for an alternative investment fund scheme following a complaint
The appointments of Saurabh Shukla and Gopalan S Raghavan as executive directors (ED) at BSE come after a regulatory mandate to strengthen governance of exchanges and other market institutions
Earnings growth matters more than PE compression in long-term wealth creation, says DSP MF CIO
Bandhan Large & Mid Cap Fund delivers consistent outperformance with a sharper focus on mid- and small-cap opportunities