Page 116 - Mutual Funds

Equity MF folio addition remains strong

900,000 accounts added in January and February, even as Sensex fell 12%

MFs see Rs 23,000 cr inflow in Feb; total at Rs 2 lakh-cr in FY16

Theasset base of the country's fund houses slipped to Rs 12.63 lakh cr last month from Rs 12.73 lakh cr in January

Mutual Funds AUM falls for fourth straight month in Feb

Assets base of the country's mutual funds industry dropped to Rs 12.62 lakh crore at the end of February, making it the fourth consecutive monthly decline, due to lower investment in equity schemes. According to the latest data of the Association of Mutual Funds in India (AMFI), over 40 fund houses in the country together had an average AUM of Rs 12,62,842 crore at February-end as against Rs 12,73,714 crore in the preceding month. The industry's AUM was at Rs 12.95 lakh crore and Rs 12.75 lakh crore in November and December, respectively. The assets base had touched an all-time high of Rs 13.24 lakh crore in October, while it stood at Rs 11.87 lakh crore in September. Overall inflow in mutual fund schemes was at Rs 23,028 crore at the end of last month compared with an inflow of Rs 22,569 crore at January-end. Industry experts said the quarterly decline in assets under management (AUM) is largely on account of slowdown in inflows in equity and equity-linked saving schemes. The ..

Inflow in equity MFs at 21-month low in Feb

The February inflow was less than the monthly systematic investment plan book, which the sector claims to be Rs 3,000 crore

10 states eat lion's share of MF assets

The states include Maharashtra, New Delhi, Karnataka, Gujarat, West Bengal, Haryana, Tamil Nadu, and UP

Funds want to cross lower threshold to equity tag

Want equity-fund label for those investing at least 50% of assets in stock instruments from the present limit of 65%

Sebi to MFs: Reveal investors who don't claim dividends

Market regulator allows new cadre of distributors to sell schemes with tax benefits

Mahindra Finance may launch mutual fund biz by April

The company is pinning hopes on a good monsoon to improve its performance in the next financial year

Mutual Funds approach Sebi with 16 new fund offers

Retirement, fixed maturity plan (FMP) and equity are some of the themes that for which mutual fund houses have filed applications

Sebi steps up vigil for MFs' exposure to distressed corporate bonds

Market regulator looking into detailed submissions made by mutual funds in this regard

Close-ended funds are not for active investors

While close-ended funds can suit investors who worry about market volatility, long term investors must invest through an SIP in an open-ended fund

Mutual Funds bullish on IT stocks; exposure at record high of Rs 43,000 cr

Industry experts said that fund managers have been raising their allocation in software stocks due to declining rupee

Don't fall for the investment themes of closed-end funds

These funds don't allow investors to exit mid-way in order to cash in on returns or if they aren't happy with their performance

JSPL downgrade puts Franklin and ICICI Prudential in a spot

Early this week, rating agency Crisil had downgraded JSPL's long-term rating from BBB+ to BB+, with a cautionary note

Why Nov 30 is important for all mutual fund investors

The Securities and Exchange Board of India (Sebi) has introduced some changes in the KYC registration norms starting January this year. As per the new rules, inclusion of some personal details, such as father's or spouse's name, have been made essential for the KYC registration.