Page 4 - Mutual Fund Industry

Financial planning for 2024, farmhouse luxury: Top personal finance stories

This week we advise on what to do about your money goals and how to plan a getaway investment in the greens

Sundaram Mutual Fund prioritises equity, gold in multi-asset offering

Multi-asset allocation funds have been the 'flavour of the season' in the hybrid space in financial year 2024 as fund houses have rushed to launch the product post the change in debt fund taxation

Sebi to focus on sachetising SIPs by making Rs 250 bets viable: Buch

Sebi chairperson Madhabi Puri Buch on Friday said the capital markets regulator wishes to sachetise mutual fund investments going forward. Speaking at an event hosted by Business Today here, Buch said the mutual fund industry feels investments of Rs 500 per month in a systematic investment plan are viable, but Rs 250 are not and the focus will be to try to look at ways of making such investments rewarding. "We are working with them (MF industry) to see where is the cost, what can Sebi do to facilitate making it possible to bring that viability down to Rs 250 a month, because then it is the equivalent of what Hindustan Lever did with shampoo sachets. You just explode the market," Buch said. The comments come on a day the MF industry reported its highest-ever monthly investments through SIPs at over Rs 17,000 crore for November. It also comes amid expectations of an aggressive entry by the Reliance Group entity Jio Financial Services into the MF space. Buch said such sachetisation wi

MF assets may have hit Rs 50 trillion milestone amid market rally

AUM, which took 24 mths to go from Rs 30 trn to Rs 40 trn, will add next Rs 10 trn in 12 mths

Sebi simplifies offer documents of mutual fund schemes for investors

To boost ease of preparation of the Scheme Information Document (SID) by mutual funds and increase its readability for investors, markets regulator Sebi on Wednesday simplified and rationalised the format of offer documents. The revamped format is aimed at streamlining the dissemination of relevant information to investors, rationalising the preparation of SID and facilitating its periodic updation by mutual funds. The updated format will implemented with effect from April 1, 2024, the Securities and Exchange Board of India (Sebi) said in a circular. The decision to revamp the format of SID was based on the suggestions of industry body AMFI and the recommendations of Sebi's Mutual Fund Advisory Committee. To give effect to the revisions in the SID, the regulator has modified several provisions. Under the modification, the scheme's portfolio holdings -- top 10 holdings by the issuer and fund allocation toward various sectors -- will be disclosed by way of a functional web link whe

Sebi empanels 34 entities for forensic investigation of MFs, AMCs, trustees

Sebi has empanelled 34 entities, including Ernst & Young LLP, Deloitte Touche Tohmatsu India LLP and Grant Thornton Bharat LLP to conduct forensic investigation of mutual funds, their asset management companies (AMCs) and trustees. KPMG Assurance and Consulting Services LLP, Chokshi & Chokshi LLP, Nangia & Co LLP and Pipara & Co LLP are among the other empanelled entities, the Securities and Exchange Board of India (Sebi) said in a latest update. The period of empanelment is from September 20, 2023 to September 19, 2026, it added. These 34 entities have been empanelled after evaluation of all the applications in response to Expression of Interest (EoI) invited by the capital markets regulator in February. The entities are required to undertake acquisition, extraction and analysis of digital evidence from mobile, computers, tablets, hard drives and USB drives. Also, they need to prepare and submit a report mentioning the findings and conclusions of the analysis. In ...

Investors adopt cautious stance; debt MFs log Rs 25,872 cr outflow in Aug

After witnessing staggering inflow in July, debt-oriented mutual fund schemes saw a withdrawal of Rs 25,872 crore last month as investors continue to adopt a cautious stance amid the current interest rate scenario in the US. Out of 16 debt categories, nine of them witnessed net outflows during the month under review, data with the Association of Mutual Funds in India (Amfi) showed. The major quantum of net outflows was witnessed by the categories having less than one year duration profile such as liquid, ultra short and low duration. Additionally, the banking and PSU category also witnessed significant net outflows. According to the data, debt mutual funds witnessed an outflow of Rs 25,872 crore in August as compared to a net inflow of Rs 61,440 crore in the preceding month. "Given the current interest rate scenario and uncertainty over the direction of interest rates in the country, it appears that many investors continue to adopt a cautious stance and wait for further indication

Technology stocks and mutual fund managers on the same wavelength

Five IT fund launches in three months as valuations ease, two more on the horizon

Multi-asset playbook divides mutual fund industry; hybrids in demand

Three recent launches opt for debt taxation, two stick to equity

NSE starts onboarding MF platforms as EOPs; shares of Aeroflex gain 50%

Shares of Aeroflex Industries rose over 50 per cent over their issue price in their stock market debut on Thursday

HDFC's life insurance, mutual fund arms to start operations from Gift City

HDFC Life International will cater to NRIs and the global Indian diaspora, and the products Savings, Health and Retirement

Zerodha AMC gets mutual fund licence; Vishal Jain appointed as CEO

Vishal Jain, former Nippon India MF executive, to head the MF business

Focus on behavioural aspects to be our key differentiator: Nimesh Chandan

Megatrends investing strategy is suited for a flexicap fund as it selects companies that have strong growth potential based on the long-term changes in the businesses, says Nimesh Chandan

Sponsor banks draw the highest commission from large mutual funds

Rise in distribution commissions outpaces MF industry's asset growth in FY23

Select small-cap fund manager with proven expertise in this segment

As a result, small-cap funds have garnered the maximum inflows among all equity categories in March (Rs 2,430 crore) and April (Rs 2,182 crore) 2023, according to data from the AMFI

Aditya Birla Sun Life, Axis MF call off NFOs on tepid investor response

Decisions come after launch period is over; experts say one reason for failure of the NFOs was investors' rush for select debt schemes in the last week of March

Unlocking Rs 100 trillion opportunity: What lies ahead for MF industry

The mutual fund industry is expanding distribution reach, simplifying products and leveraging technology in a bid to more than double assets under management

Sebi allows active to passive ELSS switch for asset management companies

But regulator says AMCs must shut existing active scheme before offering a passive one

Investors stay put in overseas funds despite deep corrections in markets

Maturity in dealing with equities, taxation likely reasons as schemes see positive flows even after 25-35% correction

MF growth slows down in 2022 after sprinting three years on the trot

Among the top-20, PPFAS and Canara Robeco grew the fastest last year