Page 22 - Mutual Funds

SIP account additions slip to 6-month low in November, shows Amfi data

Experts attribute the decline to festive holidays, wedding season

Need active participation of pension, mutual funds in corp bond market: SBI

State Bank of India chairman C S Setty on Wednesday called for active participation by mutual funds and pension funds in the corporate bond market. "I am sure that a lot of corporates would like to issue bonds. I believe that if household/corporate savings are finding ways into these three investment categories, it is important that insurance and mutual funds also actively participate in the corporate bond market. I don't see that kind of participation actively coming in," Setty said. He said the pension/ mutual funds are making investments in AAA-rated bonds and this is not going to help deepen the corporate bond market. Setty said the corporate bond market has to come into financing of infrastructure as well as balance sheet funding of corporates. He said the investments are happening not only in equity but also in mutual funds, pension funds and insurance funds. "We have been debating on depth of the corporate bond market for many years. We could not achieve that depth," Setty

Equity mutual fund inflows decline 14% to Rs 35,943 crore in November

Slowed by declines in lump sum investments and new fund offering performance

Equity mutual funds inflow drops 14% to Rs 35,943 crore in Nov: Amfi data

Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility driven by various macroeconomic factors, geopolitical events and US election results. Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday. "There was heightened volatility due to various macroeconomic factors, geopolitical events & US election results. This resulted in investors opting for wait & watch approach while allocating larger amounts and thus decline in lumpsum flows including flattish SIP numbers for November 2024," Akhil Chaturvedi, CBO, Motilal Oswal AMC, said. Overall, the mutual fund industry witnessed an inflow of Rs 60,295 crore in the month under review as compared to Rs 2.4 lakh crore in October. Despite the .

ICICI Prudential MF launches Nifty 500 Index fund: Key details

ICICI Prudential Nifty 500 Index Fund is an open-ended index scheme replicating Nifty 500 Index

MFs funding to NBFCs rise almost 47% to Rs 2.33 trillion in Oct 2024

Mutual fund (MF) debt exposure to NBFCs, which includes commercial papers (CPs) and corporate debt, has now remained above Rs 2 trillion for more than half a year

SBI MF appoints Nand Kishore as MD and CEO; replaces Shamsher Singh

He began his career at SBI as a probationary officer in 1990 and moved up the ranks to become the deputy managing director

Sebi introduces mark-to-market basis valuation for repo transactions by MFs

Markets regulator Sebi on Tuesday decided to introduce new valuation metrics for repurchase or repo transactions by mutual funds, whereby securities used in such transactions will be valued on a mark-to-market basis. The new valuation metrics are aimed at having uniformity in valuation methodology of all money market and debt instruments as well as at addressing the concerns of unintended regulatory arbitrage that may arise due to different valuation methodology adopted. The new framework will come into effect from January 1, 2025, the Securities and Exchange Board of India (Sebi) said in its circular. In its circular, Sebi said it has decided that the "valuation of repurchase (repo) transactions including TREPS with tenor of up to 30 days shall also be valued at mark to market basis". At present, repo transactions including tri-party repo (TREPS) with tenor of up to 30 days are valued on cost-plus accrual basis. Further, the valuation of all repo transactions, except for overnigh

Kotak MF launches Transportation & Logistics Fund; HDFC MF unveils new fund

HDFC Mutual Fund has launched the HDFC Nifty India Digital Index Fund, an open-ended scheme tracking the Nifty India Digital Index

Edelweiss Financial Services explores minority stake sale in MF unit

The 13th largest fund house may be valued around $700-$800 million

Adani group's stock slump puts Quant Mutual Fund in a spot, again

The fund house, which manages over Rs 1 trillion worth of assets, had the highest exposure to these stocks among the larger fund houses

Sector and thematic funds: Stay invested if you can assess prospects

Sector and thematic funds allocate at least 80% of their portfolios to stocks within a specific sector or theme

Debt MFs log Rs 1.57 trn inflow in Oct on investment in liquid schemes

Debt-oriented mutual funds witnessed a strong recovery in October, driven by investments in liquid schemes and attracting a net inflow of Rs 1.57 lakh crore after huge redemptions in the previous month. Notably, 14 of 16 debt mutual fund categories reported net inflows during the month, while medium-duration and credit risk funds maintained their trend of consistent outflows. The positive inflow boosted the asset base of debt mutual funds by 11 per cent to Rs 16.64 lakh crore in October-end from Rs 14.97 lakh crore at the end of September, according to data with Association of Mutual Funds on India (Amfi). As per the data, debt mutual funds attracted inflows of Rs 1.57 lakh crore in October, marking a sharp reversal from the outflows of Rs 1.14 lakh crore recorded in September. Within the debt fund, liquid funds led the inflows with Rs 83,863 crore, accounting for 53 per cent of the total, followed by overnight funds and money market funds with Rs 25,784 crore and Rs 25,303 crore,

Equity mutual fund schemes keep powder dry amid volatile markets

Active equity schemes held nearly Rs 1.7 trillion in cash at the end of October

October saw record investment in equity mutual funds: Here’s why

October saw a whopping investment of Rs 41, 887 crore into equity mutual funds, setting a new record even when stock markets were going through a rough patch.

Eye on monetisation, CAMS-KFintech form JV for MF Central platform

The RTAs will have equal ownership in the JV

Shriram Mutual Fund to launch industry-first multi sector rotation fund

Fund aims to invest in 3-6 sectors likely to outperform

Panel Discussion: What's the key to success on Indian turf? | BFSI Insight Summit 2024

Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.

Equity MFs see record Rs 41,887 cr inflow in Oct on robust investment

Equity mutual funds witnessed a record inflow of Rs 41,887 crore in October, marking a surge of over 21 per cent on a month-on-month (MoM) basis, fuelled by robust investments in thematic funds. This also marks the 44th consecutive month of net inflow in the equity-oriented funds, highlighting the ever-increasing appeal of mutual funds among investors, data with the Association of Mutual Funds in India (AMFI) showed on Monday. "October's numbers are indeed phenomenal, especially given the backdrop of a steep market correction. While earlier this year, equity inflows were buoyed by strong market performance, October marked a stark reversal. "The 5-6 per cent drop in both the Sensex and Nifty was one of the sharpest in recent years, similar to what we last saw in March 2020. Despite this, retail investors have shown remarkable resilience, with inflows exceeding Rs 40,000 crore," Santosh Joseph, Co-founder and CEO of Germinate Investor Services, said. Overall, the mutual fund industry

More young adults now prefer investing in stocks over mutual funds

Significant percentage of young adults are increasingly preferring to directly invest in equity markets rather than opting for the mutual fund route, a report has said. According to the report by Fin One, an initiative of fintech brokerage firm Angel One, 93 per cent of young adults are consistent savers, with the majority saving 20-30 per cent of their monthly income. Additionally, stocks have emerged as the preferred investment choice, with 45 per cent of respondents favoring them over more traditional options such as fixed deposits or gold, Fin One, an initiative of Angel One Ltd, said in its report. As much as 58 per cent of young Indian investors currently invest in stocks, while 39 per cent favor mutual funds. Safer options like fixed deposits (22 per cent) and recurring deposits (26 per cent) see relatively lower adoption, the brokerage firm said in its report. This indicates a balanced approach between high returns and stable savings among the youth, it said. The report d