In a note to investors, FT MF said that it was in the process of initiating appropriate enforcement action to recover dues from the issuer and other connected parties
Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market
Equity schemes mobilised Rs 13,760 crore in June, 28% below 12-month average
The equity schemes had combined asset base of over Rs 33,000 crore
Top-five fund houses account for over 61% of industry assets
The new facility will offer "support for the flow of credit to households and businesses" by ensuring the $3.8 trillion money market mutual fund industry can sell its holdings of US Treasury bonds
Nifty, Bank Nifty funds will have to sell stock after index exclusion
Invest aggressively to deal with the challenges posed by a longer average life span and an often-curtailed work span
In addition, the fund house has imposed a limit of Rs 2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement.
Manage Rs 3.59 trillion or 13% of MF industry assets, yet remain under-represented in the industry, constituting only 8% of the country's fund manager population
The firm, which hit a stonewall thrice over its sponsorship bid, finally informed Sebi of its decision to withdraw due to a drop in Sahara MF's net worth and exit of top execs
Experts say the Sebi rule has played a part but it is also a reflection of the funding crisis that NBFCs are going through.
Under portfolio management services (PMS), portfolio managers offer customised investment advice to clients, typically high net worth individuals.
Over 25 per cent (more than Rs 6,000 crore) of the net flows have been directed toward the large-cap category
Parikh said the flagship long-term equity fund scheme has an AUM of Rs 2,300 crore, and invests in both domestic and foreign equities
Stocks can be easily transferred, but gifting mutual funds and life insurance to distant relatives, family or friends is more complicated
Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities
Fund houses attributed the fewer NFOs (new fund offers) in 2019 to tepid investors' sentiment and liquidity crisis in debt funds
Why is it important to keep survivorship bias in mind?
Lenders await RBI norms on holdco structure; guidelines are likely to be finalised by year end