Page 14 - Mutual Fund

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

BoB, BNP Paribas announce MF JV with Suresh Soni as CEO

The new entity will leverage on the strengths that each partner has developed, to offer products specifically designed for retail and institutional clients in India.

IDFC Tax Advantage (ELSS) Fund: Tax savings with long-term growth

The fund has outperformed the benchmark (S&P BSE 500 TRI) and its peers (funds ranked under the ELSS category in December 2021 CMFR) in the past 1-, 2-,3-,5-, 7- and 10-year trailing periods

Sachin Bansal-led Navi Technologies plans Rs 4,000 cr IPO, filing DRHP soon

ICICI Securities, BofA and Axis Capital are the investment banks handling the share sale

Sachin Bansal-backed Navi MF appoints Hari Shyamsunder as CEO

He will take over from Saurabh Jain who resigned from his current role on February 28

Hybrid funds can help investors weather choppy equity markets

Balanced hybrid funds invest between 40 per cent and 60 per cent of total assets in equity and debt

Budget 2022: MF industry seen benefiting with digital assets under tax net

Move will help more millennials come into MF fold; asset management companies also welcome surcharge rationalisation

MFs realign international offerings after Sebi diktat on subscriptions

On Friday, market regulator had, through Amfi advised stopping of subscriptions in such schemes to avoid breach of overall cap of $7 bn for investment in overseas securities

PhonePe applies for MF license, joins six other fintechs awaiting Sebi nod

Most players are trying to establish a certain niche to gain a foothold into the Rs 38-trillion MF industry which has around 45 AMCs

Fund houses prune Nykaa, Policybazaar exposure on profit taking; up Paytm

It's profit-taking, say fund managers; increase holding in Paytm in December

Avoid longer-duration funds as interest rates may harden: Analysts

Shorter-duration ones will see lower mark-to-market impact

Winding up of MF schemes only after majority unitholders' consent: Sebi

As part of amending the mutual fund regulations, the watchdog will make it mandatory for the funds to follow Indian Accounting Standards (Ind AS) from 2023-24 financial year onwards

Equity MFs mop up Rs 46,700 crore through new fund offers in 2021

Highest in 10 years, with 13 of 70 equity schemes cornering 75% of amount raised

Diversified bets yield big payoffs: Samir Rachh of Nippon Life India MF

Samir Rachh outperforms peers despite fund's size constraints

AIF assets nudge past Rs 5 trn mark, still a seventh of MF industry size

The AIF segment has grown more than 8x in past five years