Page 7 - Mutual Fund Industry

MFs garner Rs 99,704 crore via NFOs in 2021 on sharp rally in stock market

This was way higher than 81 NFOs floated in 2020 and cumulatively, these funds were able to garner Rs 53,703 crore

Kotak Pre-IPO Opportunities Fund raises Rs 2,000 cr, closes maiden offering

The fund has already made investments worth Rs 653 crore in five deals and has another Rs 405 crore worth deals are in various stages of execution

MFs add Rs 7 trn to kitty in 2021; Omicron possible red flag for 2022

Experts believe that the new year could be tricky depending on the Omicron situation and possible interest rate hikes

Mutual funds' large-cap inclusion candidates 'under-owned', shows analysis

The top 250 stocks in the list becomes the large-cap universe for the domestic MF industry.

Nippon India MF bets big on riskier company bonds as economy recovers

Many companies have used the pandemic stimulus to clean up their balance sheets. "This is giving us the comfort to invest in quality non-AAA papers," said Amit Tripathi of Nippon India MF

Axis Mutual Fund eyes Rs 5,000 crore from new multi-cap fund

Planning a larger play in the equity funds space which has been behind the massive market rally since the middle of last year, Axis Mutual Fund announced a new multi-cap fund from which it expects to mobilise at least Rs 5,000 crore. The fund, opening on November 26 and closing on December 10, will provide investors with an opportunity to invest in large, mid and small cap stocks with minimum equal exposure across each category, Chandresh Nigam, Managing Director & Chief Executive of Axis AMC said on Tuesday. The fund house, which is one of the fastest growing ones, plans to mobilse at least Rs 5,000 crore from the new fund, Raghav Iyengar, Chief Business Officer at the fund house, told PTI. The fund, an open-ended equity scheme, will track the Nifty 500 multi-cap stocks. It will be managed by Anupam Tiwari and Sachin Jain who are fund managers at the company. According to Sebi regulations, multi-cap funds need to have a minimum 25 per cent exposure under each market cap, ensuring

BFSI Insight Summit: MF institutional structure needs rethink, says Thorat

Under the current framework, an MF has three main pillars -- sponsor, trustee, and AMC

Top MF execs to speak at Business Standard BFSI Insight Summit on Tuesday

The keynote speaker for the evening will be Usha Thorat, chairperson of the Mutual Fund Advisory Committee and former RBI deputy governor

Street signs: Bharti Airtel RE trading, MF compensation norms, and more

Analysts expect one RE to trade in the range between Rs 180-200 per unit

Equity MFs attract Rs 8,666 cr in August; flexi-cap biggest contributor

Equity mutual funds attracted a little over Rs 8,666 crore in August, making it the sixth consecutive monthly net inflow, on staggering investment in flexi-cap category.

China tightens scrutiny on $9.3 trillion fund industry: Report

Fund managers should align their interests more closely with investors, and refrain from hyping their products, Yi Huiman, chairman of the China Securities Regulatory Commission said

Into the tax net: Pooled fund not service providing entity, says IVCA

Specific to AIFs, the IVCA said the funds are a mere pooling vehicle and not a service providing entity

Bajaj Finserv gets Sebi approval for starting mutual fund business

The company's shares rose 7.91 per cent or Rs 1,207.05 on Tuesday and ended the session at Rs 16,475.25 apiece

Sebi's new skin-in-the-game framework for MFs likely to stretch AMCs

Currently, fund houses are required to invest a maximum of Rs 50 lakh per scheme

Sebi proposes swing pricing mechanism for mutual fund debt schemes

Sebi proposed introducing swing pricing mechanism for open ended mutual fund debt schemes as part of efforts to ensure fairness in treatment of investors

Mutual fund AUM grows 3.3% sequentially in June qtr, smaller AMCs see churn

Amfu data shows fund houses such as Quant MF, Trust MF, ITI MF, PPFAS MF and PGIM India MF were top performers in terms of average AUM accretion

India's top listed AMCs ride rising market to beat Covid pandemic in FY21

Analysts expect momentum to sustain in the current financial year as equity flows rebound

Equity mutual funds witness an inflow for first time in 9 months in March

Equity mutual funds witnessed a net inflow of Rs 9,115 crore in March, making it the first net infusion in nine months

Overall exposure of debt mutual funds to NBFCs below 10%: CARE Ratings

The amount held fell to Rs 0.72 trillion, compared with Rs 1.26 trillion in September 2018

Dividend rule: MF industry working with tax experts to arrive at a solution

MF industry grappling with diktat to segregate dividend as income and capital distribution