Page 6 - Mutual Funds Industry
360 ONE launches first balanced hybrid scheme in mutual fund space
Fund to maintain a minimum 40 per cent allocation in equity and debt
 "360 ONE launches first balanced hybrid scheme in mutual fund space")
Equity mutual fund SIPs boost distributors' income; AUM rise modest
Revenue from commissions saw double-digit growth in FY23
 "Equity mutual fund SIPs boost distributors' income; AUM rise modest")
Amfi sets norms for direct MF firms wanting to become AMCs' agents
Associations sets Rs 1-crore net-worth criteria for execution only platform
 "Amfi sets norms for direct MF firms wanting to become AMCs' agents")
Avoid drastic shift away from large-cap, into mid-, small-cap funds
Stick to strategic allocation; keep tactical deviations within a narrow range
 "Avoid drastic shift away from large-cap, into mid-, small-cap funds")
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
 "Our focus will now be on equity and hybrid space: Edelweiss MF MD & CEO")
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
 "Street Signs: Aeroflex GMP surges over 60%, direct MF platform norms & more")
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
 "Anand Rathi hits record high on healthy Q1 results; stock up 43% in a month")
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
 "Mutual funds load up on defensives in June, book profits in financials")
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
 "Fund managers up cash levels as mkts soar; MFs book profits in autos, PSBs")
Proposed tax rejig may trigger outflow from debt MFs into equity: Analysts
The proposed amendment will also affect gold funds and international funds, analysts said, who believe that bank FDs will become more attractive
 "Proposed tax rejig may trigger outflow from debt MFs into equity: Analysts")
UTI AMC surges 8% after PPFAS MF buys 1.1 million shares via block deal
PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore.
 "UTI AMC surges 8% after PPFAS MF buys 1.1 million shares via block deal")
Mutual fund industry AUM rises 5.7% to Rs 2.2 trillion in 2022: Amfi
The mutual fund industry added Rs 2.2 lakh crore to its asset base in 2022, driven by consistent monthly increase in SIP (Systematic Investment Plan) flows. The Assets Under Management (AUM) of the mutual fund industry rose by 5.7 per cent or Rs 2.2 lakh crore to a total Rs 39.88 lakh crore in 2022, data from the Association of Mutual Fund Industry (Amfi) showed on Tuesday. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base to Rs 37.72 lakh crore in 2021. "The industry grew at a slower pace in 2022 due to uncertainty in stock markets, and changing interest rate scenarios affecting the business environment at large. Understandably, investors have been in step with these changes by reallocating their investments between equity, debt and hybrid schemes," Gopal Kavalireddi, Head of Research at FYERS, said. While, the growth of 42-player mutual fund space in 2021 was mainly braced by a rally in the stock markets. The incre
Debt returns competing with equities: CIOs of MF houses at BFSI Summit
Naren said after a long time the need for money in the deposit market has come and we see hikes in bank deposit rates
 "Debt returns competing with equities: CIOs of MF houses at BFSI Summit")
For the record: Mutual fund assets cross Rs 40-trillion, shows data
The number soared on the back of a post-Covid-19 market rally and the rise of retail participation
 "For the record: Mutual fund assets cross Rs 40-trillion, shows data")
Inflows to MF SIPs cross Rs 13K crore in October for the first time
Yet net investments in active equity schemes slump 33% in same month, shows Amfi data
 "Inflows to MF SIPs cross Rs 13K crore in October for the first time")
Bharat Bond ETFs cross Rs 50,000 crore AUM mark, says Edelweiss MF
Milestone achieved within three years of launch of first tranche
 "Bharat Bond ETFs cross Rs 50,000 crore AUM mark, says Edelweiss MF")
Days of delivering sub-par returns may soon come to an end for debt funds
The YTM of most debt funds tops 6.5%, indicating that they can at least do better than FDs in the near future
 "Days of delivering sub-par returns may soon come to an end for debt funds")
