Page 11 - Mutual Fund

Active MF schemes regain lost glory in 2023, outperform benchmarks

Five active large-cap schemes have delivered double-digit returns during H1 and 22 others have delivered gains of more than 6.6 per cent

Moderating sales, valuations concerns pull down mutual fund deployment

Moderating sales, valuation concerns pull down deployment; net inflows from domestic equity funds at Rs 2,980 cr since April

Rebound in yields leads to strong flows into shorter-horizon debt funds

Schemes see strong inflows for two-consecutive months as yields surge, interest rate risks fade

UTI Flexi-Cap will perform when there’s reversal from value to growth

UTI Flexi-Cap has underperformed in recent times. In this interview, Ajay Tyagi, Head of Equities, UTI Mutual Fund explains to Sanjay Kumar Singh, Associate Editor, Business Standard.

MF industry has grown to Rs 40 trn but it is only beginning: Sanjiv Bajaj

Pune-based Bajaj Finserv MF is set to launch products across equity, debt and hybrid categories this month

Corporate share in MF AUM sinks below 40% since FY10, shows data

Debt MFs, which receive the bulk of corporate money, have seen sustained outflows for over a year. As a result, debt MF AUM declined 9 per cent in 2022-23 to Rs 11.8 trillion

L&T MF ceases to exist as mutual fund after it gave up registration: Sebi

L&T Mutual Fund ceases to exist as a mutual fund, capital markets regulator Sebi said on Monday. This comes after L&T Mutual Fund Trustee Ltd had informed Sebi that it wanted to surrender the registration granted to L&T Mutual Fund (L&T MF) by the markets regulator pursuant to the approval of change in control of L&T Investment Management Ltd and merger of schemes of L&T MF with HSBC Mutual Fund. Following this, Sebi has accepted the request for surrender of L&T MF's certificate of registration. "Consequently, L&T MF ceases to exist as a mutual fund with effect from April 6, 2023," the Securities and Exchange Board of India (Sebi) said in a statement. Further, it said L&T MF will continue to be liable for all liabilities/ obligations, (including monetary penalties) for violations of the provisions of the Sebi Act and (Mutual Fund) regulations that have taken place before its surrender of certificate of registration.

Geojit Credits launches digital loan against mutual fund holdings

Geojit Credits, a non-banking financial company (NBFC), on Monday announced the launch of Loan Against Mutual Fund (LAMF). Under the scheme, the investors can avail loans starting from Rs 10,000 in digital mode. A LAMF allows investors to raise instant funds at attractive interest rates for their short-term liquidity requirements by keeping their mutual fund investments as collateral. "Our newest product, digital Loan Against Mutual Fund will be of great help to investors who can avail loans at competitive rates and not redeem their MF investments, which is part of their long-term wealth creation and investment plan," Bejoy Anthraper, Business Head of Geojit Credits, said. Geojit Credits is a subsidiary of Kochi-based Geojit Financial Services.

The mutual fund industry is being vilified baselessly, says Amfi

Association of Mutual Funds in India (Amfi) has said the industry is being vilified baselessly as the segment has the lowest customer complaints in the entire financial market space, as it follows the most transparent and disclosure-based reporting. The global funds tracking body Morningstar ranks India on top of 26 countries, when it comes to regular monthly fund disclosures, according to Amfi chief executive NS Venkatesh. Amfi gets complaints from investors as well as distributors directly and also through the regulator Sebi, he added. On the basis of the type and nature of complaints, these are broadly classified into routine and serious complaints, he said. Routine complaints include non-receipt of dividends, non-receipt of account statement, non-receipt of commission and non-updating of record. Serious complaints are manipulation in application forms, malpractices followed in marketing units, funds and serious deficiencies in services provided by distributors, among ...

SBI Mutual Fund launches dividend yield fund, NFO open till March 6

The scheme will target aggregate dividend yield that is at least 50 per cent higher than the Nifty 50 index

L&T MF and ex-officials settle inter-scheme transfer case with Sebi

The matter pertains to inter-scheme transfers of L&T Mutual Fund for the period between April 01, 2017 and June 30, 2018

Two new initiatives by Amfi ignite greater interest in MF distribution

24,000 new MF distributors join industry in 2022--that's 42% higher than 2021

Distributors gain as direct mutual fund investment platforms lose steam

Just 4% growth in registration of direct plan SIPs last year after 115% growth in 2021

Trust Mutual Fund adds corporate bond fund to its offerings

The new fund offering will close on January 18

Diversify your investment portfolio by style to include value funds

Don't exit growth-style funds as they may benefit next from a shift in investor preference

IDBI Mutual Fund signs agreement to transfer schemes to LIC MF

Merger likely to make LIC MF the 22nd largest fund house by AUM

Invest in long-term debt? Dynamic bond fund managers on the fence

In November, nearly half the dynamic bond fund (DBF) schemes raised the allocation to medium-to-longer-duration papers

Investors must have moderate return expectations in 2023: Nippon India exec

Earnings could be challenging as global economic growth is weakening, says Sailesh Raj Bhan

Will the markets see a time-wise correction in 2023?

Business Standard's Puneet Wadhwa caught up with Neil Parikh, CEO of PPFAS Mutual Fund on his views on Sebi's order on capped exposure to foreign stocks and more

Sebi to review fees and expenses charged by mutual fund companies

Study to provide inputs for future policy formulations, says market regulator