Page 4 - Mutual Fund Sector

WhiteOak Capital launches its maiden NFO; to open on July 12

WhiteOak Capital Mutual Fund, the new entrant to the mutual fund space, on Thursday announced the launch of its first new fund offering WhiteOak Capital Flexi Cap Fund. It is an open-ended dynamic equity scheme investing across large, mid, and small-cap stocks. The New Fund Offering (NFO) will open on July 12 and close on July 26. The minimum investment that can be made in the fund is Rs 500, the fund house said in a statement. The key objective of the scheme is to generate long-term wealth for investors by investing across the market capitalisation spectrum. The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies across major industries, economic sectors, and market cap segments. The exit load of 1 per cent on the New Asset Value (NAV) will be applicable only if the units are redeemed within one month from the date of allotment and 'nil' thereafter. Prateek Pant, Chief Business Officer of WhiteOak Capital Mutual Fund, said the fund

Mutual Fund industry largely under-penetrated in India, says Deepak Parekh

Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said

Hardening yields to buoy debt MFs, experts recommend short-term maturities

Given the risk of high inflation, bond yields can harden further. However, current rates are attractive and provide good scope to start nibbling, say experts

Bandhan's asset management test; IDFC MF's acquisition could be a challenge

The deal will make Bandhan Financial Holdings the latest banking group foray into the Rs 38-trillion domestic mutual fund (MF) industry

Equity MFs garner Rs 14,889 cr inflows in Jan amid volatility, FPI selloff

The tally was lower than Rs 25,706 cr garnered in December 2021, but is still a respectable number considering there were no large NFOs in January, unlike the previous month

Infra funds could gain from large budgetary allocation, say analysts

On the private-sector side, capacity utilisation has risen across several industries

Punjab National Bank looking to further dilute its stake in UTI Mutual Fund

State-owned Punjab National Bank (PNB) on Friday said it is looking to further monetise its stake in UTI Mutual Fund as part of its non-core asset sale plan to shore up its capital base.

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.

MFs log strong 19% AUM growth at Rs 32.1 trillion in March quarter

SBI cements pole spot, widens lead over HDFC MF; Among top 10, Axis MF has logged highest growth in average AUM at 42% to Rs 1.96 trillion

Returns made by average MF investor lag those of schemes and SIPs: study

Frequent churn, timing the market eats into gains

Street signs: Nifty at crucial juncture, Sebi's valuation norms, and more

The markets are undergoing a turbulent phase but metal companies seem in a bull market

Crossed full-year target of Rs 8,000 cr AUM by Dec quarter: PGIM MF

PGIM India Mutual Fund has crossed the full-year 2020-21 AUM target of Rs 8,000 crore by the December quarter, a senior company official has said.

Navneet Munot quits SBI MF, set to become MD & CEO of HDFC Mutual Fund

HDFC Mutual Fund on Monday said its board of directors had approved the appointment of Navneet Munot as its next managing director and chief executive officer

MFs withdraw Rs 14,300 cr in October; rebound least expected in 2020

During January-May 2020, mutual funds (MFs) made a net investment of more than Rs 40,000 crore in stock markets

Top MFs gain larger share of industry's debt pie post-Franklin wind-up

Top-five fund houses account for over 61% of industry assets

Investors seek to curb downside, with volatility hitting long-only products

In March, the ITI Long Short Equity Fund was down 0.48 per cent, as against Nifty's correction of 23.25 per cent

Foxed by market volatility, MFs hold cash to invest when the market dips

Experts say taking large cash calls can also put equity schemes at risk of underperformance, if markets bounce back instead of seeing further deep corrections

SBI MF, DSP MF open small-cap funds for lump sum flows amid correction

Lump sum investments are tactical infusions one can make at any point, based on his view. They differ from SIPs in which investments are made on a monthly basis

90% of schemes in midcap category fare better than their benchmarks

In the past three months, the Sensex is down 30 per cent, the BSE Midcap and BSE Smallcap have fallen 24 per cent apiece

Change in debt valuation norms from April 1 to impact liquid schemes

Market participants said that some volatility has already been factored in the schemes