Page 13 - Mutual Fund

Losing steam: Average NFO collection slumps in FY23, shows data

At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally

Kotak Securities buys investment platform for advisors, MF distributors

Over 2,300 distributors use the FundExpert Fintech platform to manage mutual fund portfolios worth over Rs 15,000 crore

Equity mutual fund flows moderate in July, Maruti Suzuki on the top

The moderation in MF investments comes amid a revival in foreign portfolio investor (FPI) flows

Sebi defers implementation of MF holders' nomination rules till Oct 1

Markets regulator Sebi on Friday deferred the implementation of rules pertaining to nomination for mutual fund holders till October 1. The rules, which mandate investors, subscribing to mutual fund units, to submit details of nomination or opting out of nomination, was to come into force August 1. Now, investors, who are subscribing to mutual fund units from October 1 will have the choice of providing nomination or opting out nomination, the Securities and Exchange Board of India (Sebi) said in a circular. Asset Management Companies (AMCs) will have to provide an option to the unit holder to submit either the nomination form or the declaration form for opting out of nomination in physical or online mode as per the choice of the unit holder. In case of physical option, the forms will carry the wet signature of all the unit holders and if it is online, e-sign facility will be used instead of wet signature of all the unit holders. Besides, AMCs will validate the forms through two-fac

India's largest equity fund manager Prashant Jain to leave HDFC: Report

Prashant Jain was the longest-serving mutual fund manager in the industry, served for 28 years. With corpus crossing the Rs 1 trillion mark, he became the country's biggest equity fund manager in July

Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort

The four entities are: Cashfree Payments, Fairex Solutions, Nearby Technologies, and Open Financial Technologies

Sebi considers bringing MF transactions under insider trading ambit

The market regulator had sought public comments on whether the PIT Regulations need to be amended to also cover the MF industry.

Sebi proposes insider trading rules applicability in mutual fund dealings

Capital markets regulator Sebi on Friday proposed the applicability of insider trading rules to dealing in mutual fund units to initiate enforcement actions against those who misuse non-public info

June equity MF inflows drop 16% MoM to Rs 15,498 cr due to volatility

The figure is 18% below monthly average for the year; However, sustained inflows into SIPs endured for 16th straight month

Nippon India MF turns off inflow tap for 5 global funds, cites limit

The fund house has suspended lump-sum subscription, switch-ins, and fresh registration of systematic investment plan/systematic transfer plan under five schemes that invest in international stocks

Canara Robeco MF halts inflows from UAE investors after nation's scrutiny

This was done after FATF added UAE to the Grey List

Invest in dynamic bond funds to navigate impact of interest rate cycle

They outshine short-duration funds: Fund managers

Amfi stock reclassification review period nears end, lifting these stocks

Twelve stocks are moving from mid-cap to small-cap, reveals an analysis by analyst Brian Freitas of Periscope Analytics

SIP and safe: Equity MF inflows strong despite market turmoil in May

Systematic investment plans help garner flows of Rs 12,286 crore in May, up Rs 423 crore in April.

MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report

Shift to short-term investments and IPO funding seen as reasons for trend, according to a report.

WhiteOak Capital Asset Management plans to open 100 branches in 12-18 mnths

WhiteOak Capital Asset Management, a new entrant to the mutual fund space, is looking to open nearly 100 branches across the country in the next 12-18 months.

Domestic MF industry's average AUM grew 19% to Rs 38.37 trn in FY22

Strong inflows into equity and hybrid schemes coupled with sustained inflows through systematic investment plan (SIP) contributed to the growth in assets.

Sebi tightens rule for 'passive breaches' by MFs, effective July 1

Provision for barring fund houses from launching new schemes, charging exit load

Macquarie sees long runway for growth for Indian MF industry

AUM-to-GDP ratio still at just 15%, compared with global average of 75%

MF assets declined faster for frontier territories amid volatility

Sharp drop in total assets under management compared to rest of the country