Page 3 - Mutual Fund Investors

Blackrock, ADIA, domestic mutual funds increase holdings in Vedanta

The world's largest asset manager BlackRock, as well as the Abu Dhabi Investment Authority, along with domestic mutual funds like ICICI Mutual Fund and Nippon India Mutual Fund have increased their holdings in Vedanta by almost 2 per cent during the last four months, said market participants. At the same time, foreign institutional investors (FIIs) increased their stake in the conglomerate by 1.2 per cent during the corresponding period, they added. The recent rally in Vedanta share price on the back of demerger plans, deleveraging and soaring metal prices has led to a bullish call by domestic and international funds. "Vedanta has witnessed significant buying interest. Many foreign and domestic investors have increased their stake on the back of strong fundamentals," according to a dealer in a foreign brokerage house. This comes at a time when the Vedanta stock has surged almost 30 per cent, adding about USD 3 billion to its market capitalization since December. Shares of Vedanta

Trust Mutual Fund forays into equity space with launch of flexicap scheme

Plans to differentiate equity offerings by focusing on long-term value of stocks

Active funds weather market storm better than the benchmark indices

Nifty Midcap 100 index is down 3.9 per cent. In the case of smallcaps, active funds are down 6 per cent vis-a-vis 8.6 per cent decline in the Nifty Smallcap 100 index

Decoded: MFs that will be most impacted by Sebi directive on small, mid-cap segments

According to an analysis by Fisdom, schemes like HDFC Small Cap, Axis Small Cap Fund, HSBBC Small Cap Fund, DSP Small Cap fund and Franklin India Smaller Cos Fund carry a relatively higher risk

Spike in new MF investors as bull run continues, scheme launches pick up

MFs add 1 million new investors in January, highest in nearly two years

Hybrid mutual funds scheme gain popularity, attract Rs 20,634 crore in Jan

Hybrid mutual fund schemes have been gaining popularity among investors, attracting Rs 20,634 crore in January, marking a 37 per cent surge from the previous month, largely due to their appeal as an alternative investment option post-change in taxation laws for debt funds. With this, total inflow in the category reached Rs 1.21 lakh crore in the April-January period of the current financial year (FY24). However, hybrid schemes saw outflow in the same period of the preceding financial year. Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold. The category has been attracting regular inflows since April 2023, after a change in taxation for debt funds that kicked off in the same month. Before that, the segment saw a net withdrawal of Rs 12,372 crore in March last year. According to the latest data with the Association of Mutual Funds in India (Amfi), hybrid schemes witnessed an

Equity MFs see 35th consecutive month of inflows, sectoral funds lead the way

Equity schemes experienced a surge in inflows, reaching approximately Rs 21,780 crore in Jan 2024, compared to Rs 16,997 crore in Dec 23.

Equity AUM rises for 10th consecutive year to Rs 23.8 trillion, up 43% YoY

Defensives attract attention in CY23; the BFSI pack contracts

SoftBank offloads 1.1% Zomato stake; PGIM MF recovers Rs 17 crore

Three private equity firms on Friday offloaded 7.76 per cent stake in Five-Star Business Fin­ance, a micro-loan provider

All you need to know about new DSP Nifty Smallcap250 Quality 50 Index Fund

The new fund offering has been open for subscription since December 5, 2023, and will close on December 15, 2023. The fund managers of the scheme are Anil Ghelani and Diipesh Shah

All you need to know about White Oak Capital's new large and mid-cap fund

WhiteOak Capital Large & Mid Cap Fund will predominantly invest in Large and Mid Cap stocks with an aim to create a factor diversified balanced portfolio with high active share

Aadhaar update, MF nomination, special FDs: Dec deadlines you should know

A number of special fixed deposit schemes offering up to eight per cent return from leading banks are also set to expire next month.

MF strategy: Is there a good time to buy or sell actively managed funds?

On average, less than 4.2% of the months account for all of the outperformance for Indian actively managed diversified equity funds versus their benchmark.

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

Merger with Fincare to help enter MFI segment, southern markets: AU SFB

Allaying investors' concerns, AU Small Finance Bank (AU SFB) on Monday said its USD 530 million all-share merger with Fincare Small Finance Bank has a slew of advantages like helping it enter the lucrative microlending segment and expanding into southern India. Fincare said its Rs 625-crore initial public offer goes on the back burner because of the deal, which is expected to be closed by February 2024 after mandatory clearances. Under an agreement announced on Sunday, shareholders of Fincare will get 579 shares of the listed AU SFB for every 2,000 shares that they own. Post the merger, shareholders of Fincare will own 9.9 per cent equity in AU SFB. Promoters of Fincare have also agreed to infuse Rs 700 crore of fresh capital into the entity before the merger. AU SFB's Managing director and chief executive Sanjay Agarwal termed the merger a complementary deal, which will help the Jaipur-based lender gain a foothold in micro finance assets as well. The share of AU SFB's unsecured .

Motilal Oswal MF exits Divgi Torqtransfer; sells entire stake for Rs 112 cr

Motilal Oswal Mutual Fund on Wednesday pared its entire stake in Divgi Torqtransfer Systems for Rs 112 crore through open market transactions. Following the stake sale, shares of Divgi Torqtransfer Systems declined 3.53 per cent to close at Rs 1,074.10 apiece on the NSE. According to the bulk deal data available with the National Stock Exchange (NSE), Motilal Oswal Mutual Fund disposed of 10,34,225 shares in two tranches, amounting to 3.38 per cent stake in Divgi Torqtransfer Systems. The shares were offloaded in the price range of Rs 1,080-1,080.29 apiece, taking the combined deal size to Rs 111.71 crore. At the end of the September quarter, Motilal Oswal MF through its Long Term Equity Fund owned 3.38 per cent stake in Divgi Torqtransfer Systems. Meanwhile, ICICI Prudential Mutual Fund bought 6,23,646 shares in three tranches at an average price of Rs 1,080 per scrip. This took the deal value to Rs 67.35 crore.

Mid, smallcap rally to persist amid more inflows: DSP Mutual Fund's Parekh

DSP Mutual Fund will also launch a smallcap fund this year to take advantage of the inflows to the segment, Parekh said

Deadline to add nominees for MF investors, demat account ends on Sep 30

All individual demat account holders and mutual fund investors have time till September 30, to nominate a beneficiary or opt out of it by submitting a declaration form, failing which their demat accounts and folios will be frozen, and they will not be able to redeem their investments. This mandate applies to both new as well as existing investors, according to the Securities and Exchange Board of India (Sebi). The move is aimed at helping investors to secure their assets and pass them on to their legal heirs. "This will ensure smooth and hassle-free transfer of securities to the legal heirs of the investors in case of any unfortunate event," Tejas Khoday, co-founder and CEO at FYERS, said. Under Sebi's rule, new investors must either nominate their securities or formally opt out of nomination through a declaration form when opening trading and demat accounts. For existing investors, including jointly-held mutual fund folios, failing to meet this deadline will result in the freezin

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

Dividend fund managers plug into power stocks as outlook improves

Improving outlook stokes optimism of higher payouts