Page 6 - Mutual Funds Industry

Inflow in equity mutual funds climbs 42% to Rs 19,957 cr in October

Inflows in equity mutual funds surged 42 per cent month-on-month to Rs 19,957 crore in October driven by investors' preference for small-cap funds. This was way higher than Rs 14,091 crore inflow seen in the category in September. Before this, inflow was at Rs 20,245 crore in August, according to the data from the Association of Mutual Funds in India (AMFI) released on Thursday. The flow in October also marks the 32nd consecutive month of net inflows. All the categories experienced inflow in equity segments. The category was aided by fund collection to the tune of Rs 4,495 crore in small-cap funds, followed by Rs 3,896 crore in thematic funds. Apart from equities, debt-oriented schemes witnessed a net inflow of Rs 42,634 crore in October after withdrawing funds in the past two months. The segment had witnessed a net outflow of Rs 1.01 lakh crore in September and Rs 25,873 crore in August. Overall, the 44-player mutual fund industry has witnessed an inflow of Rs 80,528 crore in the

Amfi gag on mutual fund advertisements, future return calculations

For fixed income schemes, the cap is 7.2 per cent. The maximum return used in illustrations of hybrid funds can range from 8.5 to 10 per cent

Debt MFs continue to log outflow, see Rs 1 trillion withdrawal in Sep

Debt-oriented mutual fund schemes witnessed a net withdrawal of Rs 1.01 lakh crore in September, making it the second consecutive month of the outflow, primarily due to advance tax requirements of corporates and correction in equity markets. The segment saw an outflow of Rs 25,873 crore in August. Before this, the debt schemes attracted Rs 61,440 crore in July, data from the Association of Mutual Funds in India (Amfi) showed. The huge outflow has pulled down the assets under management (AUM) of fixed income funds or debt funds to Rs 13.05 lakh crore at the end of September from Rs 14 lakh crore in the preceding month-end. Investor sentiment towards debt investments was largely muted. Barring long duration and gilt fund segments, all the other 14 categories witnessed net outflows. These two categories have been finding favour with investors for some time in anticipation of a change in the interest rate cycle. "Advance tax payments and other quarter-ending accounting and financial ..

Avoid inheritance hassles for your heirs by appointing a nominee

Avoid inheritance hassles for heirs, appoint a nominee

Mid, smallcap rally to persist amid more inflows: DSP Mutual Fund's Parekh

DSP Mutual Fund will also launch a smallcap fund this year to take advantage of the inflows to the segment, Parekh said

Rs 6,100 crore in 3 months: Riding the wave of floating-rate mutual funds

Influx reverses Rs 32,250 crore outflow trend of 11 months

Mutual funds debt exposure to finance companies rose 60.1% in July

The exposure through investment in commercial paper of NBFCs crossed the Rs one trillion mark, last seen in August 2019, it said

Statsguru: Six charts explain odds are against new mutual fund players

The increased interest is no surprise, given the number of investors. Despite lower growth rates than before, the total number of investor accounts is nearing 150 million

360 ONE launches first balanced hybrid scheme in mutual fund space

Fund to maintain a minimum 40 per cent allocation in equity and debt

Equity mutual fund SIPs boost distributors' income; AUM rise modest

Revenue from commissions saw double-digit growth in FY23

Amfi sets norms for direct MF firms wanting to become AMCs' agents

Associations sets Rs 1-crore net-worth criteria for execution only platform

Avoid drastic shift away from large-cap, into mid-, small-cap funds

Stick to strategic allocation; keep tactical deviations within a narrow range

Our focus will now be on equity and hybrid space: Edelweiss MF MD & CEO

Radhika Gupta believes the tax change also had some positive implications for the fund house

Street Signs: Aeroflex GMP surges over 60%, direct MF platform norms & more

While the VIX reading still remains a benign 12, the recent surge suggests a bearish turn in sentiment, according to analysts

Anand Rathi hits record high on healthy Q1 results; stock up 43% in a month

The management hailed the Q1 performance and said that the demand for wealth management services has increased significantly due to availability of a wide range of investment options

Mutual funds load up on defensives in June, book profits in financials

MFs were low on deployment of funds in the equity market in June as they invested a net of Rs 5,664 crore in a rising market scenario

Charging bulls chase up mutual fund average AUM in Q1, shows data

Industry growth at 6.4% highest in seven quarters

Tax harvesting can help you save tax on MF investments but is it worth it?

Tax harvesting is utilising the tax-free window of Rs 1 lakh to reduce overall long term capital gains tax

Surge in market valuations may give PNB, three other PSBs largecap status

Elevation expected during reclassification by Amfi next month

Fund managers up cash levels as mkts soar; MFs book profits in autos, PSBs

Cash holding rises from 5% to 5.6% in April