Page 7 - Mutual Funds Industry

Modest traction for MF Central in first year, phased rollout cited

The common platform for MF transactions logs 350,000 registrations and 10,000 monthly logins

A Balasubramanian re-elected Amfi chairman, Sundeep Sikka to head ETF panel

Vishal Kapoor remains head of committee of certified distributors, Nilesh Shah and Navneet Munot stay as chief of valuation committee and equity CIO panel, respectively

Sebi gets tougher with MF industry body for dragging feet on pooling norms

Regulator also unhappy with phase-1 of two-factor authentication framework, asks Amfi for schedule and progress reports

Distribution commission pool of mutual funds jumps 2.3x, shows data

The sharp spike in commission comes on the back of surge in the equity markets and sustained flows into equity MF schemes

Invest in NFOs only if it helps in diversifying your portfolio: Experts

Stick to proven fund houses with at least a 5-year track record and see how they performed over market phases

Prashant Jain, MF industry's poster boy, quits HDFC AMC after 19-year stint

Jain, an alumnus of IIT Kanpur and IIM Bangalore, has been replaced by Chirag Setalvad

MFs invest in fewer companies in June after portfolios hit multi-year high

Drop in number of firms invested in comes even as MFs' overall holding in stock market has been rising

Hardening yields to buoy debt MFs, experts recommend short-term maturities

Given the risk of high inflation, bond yields can harden further. However, current rates are attractive and provide good scope to start nibbling, say experts

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.

MF equity AUM surpasses debt in March amid sharp rebound in market

In March 2022, equity AUM for the industry stood at Rs 13.65 trillion higher than debt AUM of Rs 12.98 trillion, reveals data.

Equity mutual funds witness record inflows of Rs 28,000 crore in March

Surge in inflows into multicap funds was largely due to the NFO of SBI Multicap fund which garnered Rs 8,170 crore

Indian MF industry scores 'average' on fees and expense scorecard

In 2019, India's score improved from 'below average' to 'average', thanks to investor-friendly regulations introduced by the Securities and Exchange Board of India

CAMS profit after tax rises 37% to Rs 77.31 cr in December quarter

It had posted a profit after tax (PAT) of Rs 56.42 crore in the same quarter preceding fiscal, according to a statement

Sebi advises mutual funds to stop subscriptions into overseas funds

The move comes as the industry is likely to breach the $7 billion-mark

Yes Mutual Fund rechristened as White Oak Capital Mutual Fund

Yes Asset Management's name has been changed to White Oak Capital Asset Management with effect from January 12. Further, Yes Mutual Fund will now be called White Oak Capital Mutual Fund, Aashish P Sommaiyaa, Chief Executive Officer of White Oak Capital, announced in a tweet on Thursday. He, further, said: "WhiteOakCap has filed equity MF offer documents for regulatory approval". Founded by Prashant Khemka, formerly CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets Equity businesses, White Oak Capital group provides investment management and advisory services for equity assets of over Rs 42,000 crore. In November, White Oak Capital group announced the completion of the transaction to acquire the mutual fund business of Yes Bank. GPL Finance and Investments, a subsidiary of White Oak Capital group, had received capital markets regulator Sebi's approval to acquire Yes Asset Management from Yes Bank in September. In August 2020, the private lender had .

'For' votes by mutual funds rise as abstentions decline, shows data

Share of 'against' votes on company resolutions has moved up slightly in FY22

Axis MF eyes Rs 100 crore from new SDL-based fund of funds

Axis Mutual Fund, one of the fastest-growing fund houses, on Thursday launched a new fund offer targeted at state development loans (SDL)-based ETF and hopes to mop up at least Rs 100 crore from issue

New entrants leveraging technology to attract customers in MF industry

Recent entrants are leveraging technology and low-cost 'passive investing' to attract customers in an industry where market penetration is low

Brokerages, securities analysis industry good vehicles to ride bull-run

Larger firms garnering market share amidst good growth in industry

MFs to focus on stronger inclusion of investors from deeper geographies

India has witnessed tremendous growth in its mutual funds industry that has grown from Rs 1.13 lakh crores to Rs 31.7 lakh crores in AUM from March 2000 to February 2021.