Page 11 - Mutual Funds

Jio Financial Services, BlackRock infuse Rs 117 cr in mutual fund company

Jio Financial Services Ltd (JFSL) on Tuesday said the company and its joint venture partner US-based BlackRock have infused Rs 117 crore in the mutual fund company. JFSL and BlackRock each have further subscribed to and have been allotted 5.85 crore equity shares of Rs 10 each of Jio BlackRock Asset Management Private Limited (a 50:50 Joint Venture between the company and BlackRock) aggregating Rs 117 crore, the company said in a regulatory filing. Jio BlackRock Asset Management Private Ltd submitted an application to SEBI, seeking approval. JFSL and BlackRock have made an initial investment of Rs 82.5 crore each in this entity. Another subsidiary Jio BlackRock Investment Advisers Private Ltd, a Joint Venture company of the company has informed that it has incorporated a wholly owned subsidiary named Jio BlackRock Broking Private Limited' on January 20, 2025 to carry on the business of broking subject to regulatory approvals. During the third quarter, Jio Financial Services Ltd's

Short-duration funds: Ideal for low-risk investors with goals 1-3 yrs away

Short-duration debt funds have gained popularity among investors for their ability to provide accrual income and their moderate sensitivity to interest rate changes

Reached Rs 6-trn AUM without ads: Nithin Kamath on 16 mn Zerodha clients

Nithin Kamath: In a post on 'X', Kamath said "Over 1.6 crore Indians trade and invest with us. Almost 30 per cent of these investors came to us through referrals by other Zerodha customers"

Baroda BNP Paribas NFO to allocate 80% assets to India's energy sector

New fund offer closes on February 4 and requires a minimum investment requirement of Rs 1,000

UTI Large & Mid Cap Fund: Scaling new heights, leaving rivals behind

The fund aims to generate long-term capital growth by primarily investing in large and midcap stocks

Time's ripe for investors to raise equity exposure: Trideep Bhattacharya

However, we expect the focus to shift back to 'corporate earnings recovery' in the second half

Motilal Oswal AMC denies allegations of unethical practices as baseless

Kalyan Jewellers has been one of the top holdings of most MO Mutual Fund schemes

Market regulator Sebi asks MFs to disclose information ratio of schemes

To bring more transparency in disclosures made by AMCs and aid better decision-making by investors, Sebi on Friday directed mutual funds to disclose the information ratio (IR) of a scheme along with performance disclosure. Further, disclosure of IR, a financial metric to measure the Risk-adjusted Return (RAR) of a scheme portfolio, will be applicable only for equity-oriented schemes. "Considering the significance of volatility of performance in determining the suitability of MF schemes, the information ratio is an established financial ratio to measure the RAR of any scheme portfolio. "It is often used as a measure of a portfolio manager's level of skill and ability to generate excess returns, relative to a benchmark and also attempts to identify the consistency of the performance by incorporating standard deviation/risk factor into the calculation," Sebi said. In a circular, Sebi has asked mutual funds to disclose the information ratio of a scheme portfolio on their website, along

Arbitrage funds delivered best gains in 9 years in 2024, shows data

Returns supported by equity rally, surge in open interest in stock futures

Performance slump halts Quant MF's dream run, AUM growth lags in Q3

Fund house posts sombre growth for the first time in 5 years

239 NFOs in 2024, HDFC Manufacturing Fund leads with Rs 12,500 Cr inflows

Thematic and sectoral funds stood out as top choices for investors, reflecting a shift towards more focused and innovative investment options

Economy strong but equities face near-term challenges: ICICI Pru MF

The recent correction in the equity market, according to the asset manager, has eased multiples to an extent but valuations still remain high, especially in the midcap and smallcap space

Bet on quality funds amid slowing economic growth, market turbulence

Quality indices, such as the Nifty 500 Quality 50 Index, are built by filtering stocks from the parent index based on their quality score

Mutual funds raise Rs 1.18 trn via NFOs in 2024; thematic funds lead

Asset management companies launched 239 new fund offerings (NFOs) mobilising Rs 1.18 lakh crore in 2024, with sectoral or thematic equity funds emerging as the top choice of investors, according to a report by Germinate Investor Services Research. This was higher than 212 NFOs collecting Rs 63,854 crore in 2023 and 228 NFOs garnering Rs 62,187 crore in 2022. The NFO landscape expanded from 81 offerings in 2020 to 239 in 2024, besides, the funds raised through the space more than doubled from Rs 53,703 crore in 2020. The trend suggests a strong growth trajectory and heightened investor confidence. Usually, NFOs come during a surging market when investor sentiments are high and optimistic. The NFOs were floated to capitalise on the mood of investors and attract their investment as they were willing to invest at that time. Industry experts said the stock market performance along with the positive investor sentiments led to higher fund mobilisation through NFOs in 2024. In the entire

Sebi revamps mutual fund, demat nomination to reduce unclaimed assets

The regulator has also issued detailed guidelines for nominees to act on behalf of incapacitated investors

Equity MFs cap strong 2024 with near-record inflows in December

SIP contributions hit Rs 26K crore for first time

Aggressive hybrid funds: Cope with mkt volatility, benefit from rate cuts

If interest rates decline, the bond component of these portfolios could generate capital gains. Conversely, rising interest rates may cause short-term losses

2024's record NFO success continues into 2025 with strong momentum

The other new launches include Mirae Asset Smallcap Fund, Bandhan Nifty Alpha Low Volatility 30 Index Fund, Kotak Nifty Smallcap 250 Index Fund and UTI Quant Fund.

ASK Investment Managers, Monarch Networth apply for mutual fund licence

While Monarch Networth Capital filed its application on December 31, 2024, ASK Investment Managers had applied in October 2024

Large-cap cut-off surpasses Rs 1 trillion as 11 new stocks join the list

These midcap stocks that have earned an upgrade include CG Power, Rail Vikas Nigam, ICICI Prudential Life Insurance, Polycab India, Indus Towers, Cummins India and Info Edge