Page 21 - Mutual Fund

Mutual fund CEO salaries rise in 2016-17; loss-making funds also pay big

Salary given by ICICI Prudential Mutual Fund, HDFC MF, Reliance MF to CEOs increased in 2016-17

MFs face cost, operational pressures due to new KYC system

The domestic mutual fund sector is being saddled with new cost burden due to implementation of the new centralized know your customer (C-KYC) norms.According to industry players, moving one customer to the new C-KYC system costs up to Rs 40 for the fund house. Given the past pace of new client addition and also moving existing clients to the new system, aggregate is going through the roof, the say.The new system is aimed having a common KYC process for all financial sector intermediaries, which include mutual funds (MF), banks, insurance companies and brokers.Despite being bank or insurance customers, most of the new MF clients are not part of the C-KYC system and they end up empanelling them, say industry players. "We have to acquire new customers and can't turn the client away. There is no option left but to follow the new regulatory requirement," says a top chief executive officer (CEO) in the industry.Under the new system, once a customer completes the C-KYC process, he can ...

Hindalco, ITC and Avenue Supermarts most bought stocks by mutual funds

On the other hand, shares of Reliance Industries were the most liquidated

Equity Funds' dream run continues

Interestingly, the equity assets had dipped to less than Rs 2 lakh crore in 2013

Profit from agility of small-sized funds

There are many schemes with assets of less than Rs 1,000 crore that have a sound performance record

MFs' exposure to bank stocks hits record Rs 1.2 lakh cr in Feb end

After banks, IT was the second-most preferred sector with fund mangers

Regulator mulls instant cash-out from mutual funds

The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month

Mutual fund managers invest over Rs 2,000-crore in stocks in February

Apart from equities, fund managers invested Rs 38,830 crore in the debt markets last month

MF buying trend

Infosys was a clear favourite

MFs raise cash levels ahead of Q3 results

Experts say raising of cash levels wasn't a sector-wide trend

Sebi's investment advisory guidelines face resistance

Mutual Fund distributors are not allowed to provide incidental or basic investment advice pertaining to MF schemes

October investor flow in equity MFs at 16-month high

Equity schemes; assets under management were Rs 5.25 lakh crore by the end of October, from Rs 5.05 lakh crore at end-September

MFs pump in Rs 1.78 lakh cr in debt mkts in Apr-Oct

Mutual fund managers have pumped in over Rs 1.78 lakh crore in debt market during the April-October period of the current financial year, primarily on account of strong participation from retail investors. Besides, they invested a net Rs 21,000 crore in equity markets during the period under review. Industry experts attributed the inflows to increased participation from retail investors and positive sentiment that was boosted after long-stalled GST Constitution Amendment Bill was passed in Parliament in August this year. As per the data released by the capital markets regulator Securities and Exchange Board of India (Sebi), mutual fund managers invested a net sum of Rs 1.78 lakh crore in April-October period of 2016-17. They had pumped in Rs 2.03 lakh crore between April and October in 2015-16. For the entire 2015-16 fiscal, fund managers had put in a net amount of Rs 2.73 lakh crore in the debt market. This inflow has helped the mutual fund industry to reach over Rs 16 lakh ...

Mutual fund managers raise a toast to ICICI bank

A steep rise of nearly 15 per cent in the shares of ICICI Bank over the last week on the back of Essar deal has benefited several equity schemes with higher exposure to the private lender. ICICI Bank is the second-most sought-after stock by India's mutual funds. In a week when a benchmark index, Nifty 50, returned 1.5 per cent, equity schemes with ICICI allocation in excess of five per cent managed to do much better. These schemes not only did better than the Nifty 50, but also outperformed large-cap equity schemes. After the Essar deal, funds got excited about the banking sector in general. ICICI Bank, in particular, was the main beneficiary. According to them, similar deals are likely and much needed for the banking sector. On Monday, ICICI gained a further 2.4 per cent.

How staying invested in MF schemes via SIP pays

Most equity schemes have more than doubled their NAVs in 8 years, even if they entered at the pre-Lehman crisis peak

IT, pharma funds offer no returns over last one year

Worst performers among category funds, but beat sectoral indices

As Fatca comes closer, 5 mn folios risk closure

Compliance deadline with US law ends Aug 31, involving accounts with Rs 1 lakh crore in assets

Focus on MF investor awareness, says RBI report

Welcoming the progress made by mutual fund (MF) players to extend their reach beyond the top-15 cities, the Reserve Bank of India on Tuesday said there was a need for more work on this and on investor awareness.The number of folios in B-15 cities (or top-15) rose around 45 per cent, from 14.4 million in March 2014 to 20.9 million in March 2016. For the biggest 15 cities (T-15 cities), the count increased around six per cent, from 25.2 million to 26.8 million during the same period.This indicates geographical diversification and brings stability to the sector. Efforts are needed for improving investor awareness and strengthening the integrity of market processes and investor protection, said the RBI in its Financial Stability Report (FSR) released here.A folio is a unique number given to an investor by a fund house for investing in a particular scheme.The sector witnessed increased activity beyond the top 15 cities, in recent years, which indicates an expansion of investor base, helped

Mutual fund investors stay calm on Manic Friday

Equity MFs saw spurt in investments even after Sensex plunged as much as 1,000 points

PSB woes spark MF rethink

Except SBI, all other 'PSB sponsored' MFs figure low in pecking order of assets under management