The Motilal Oswal Digital India Fund is an open-ended equity scheme targeting sectors such as technology, telecom, media, entertainment, and related industries
Inflows into equity schemes positive for 43rd; MF industry AUM tops Rs 68 trn
Equity mutual funds attracted Rs 34,419 crore in September, marking a decline of 10 per cent from the preceding month, on a sharp slump in inflow in thematic funds and large-cap. The latest flow also marks the 43rd consecutive month of net inflows in equity funds, data with the Association of Mutual Funds in India (AMFI) showed on Thursday. Overall, the mutual fund industry witnessed an outflow of Rs 71,114 crore in the month under review after experiencing an outflow of Rs 1.08 lakh crore in August. The huge inflow was due to withdrawal to the tune of Rs 1.14 lakh crore into debt schemes. Despite the outflow, the industry's net assets under management rose to Rs 67 lakh crore last month from Rs 66.7 lakh crore in August-end. As per the data, equity-oriented schemes witnessed an inflow of Rs 34,419 crore in September -- the lowest level since April, when equity schemes saw investments of Rs 18,917 crore. The inflow was way lower than Rs 38,239 crore in August and Rs 37,113 crore
Average AUM rises 12.3 per cent sequentially to Rs 66.2 trillion
The companies signed a second joint venture in April to set up a wealth management and broking business in the country
Experts say that despite these tensions, Indian markets have displayed resilience
WhiteOak Capital and ICICI Prudential have sought regulatory approval for a first-of-its-kind active quality fund
Aditya Birla Sun Life ends trading day 4.4% higher
Plan to add more stocks shelved citing 20% midcap, smallcap investment legroom with largecap funds, say sources
Both offerings fall under the smart beta category, focusing on a factor-based strategy to provide investors with a low-cost, value-driven investment approach
To further enhance the pictorial representation of risk, Sebi on Thursday proposed that the risk-o-meter of a mutual fund scheme be depicted using a colour scheme, a move aimed at further aiding in informed decision making by investors. To standardise the format of disclosure and for ease of understanding of the change in level of risk for unitholders, the mutual funds should disclose the existing risk-o-meter, along with the revised risk-o-meter, Sebi suggested in its consultation paper. Any change in risk-o-meter of the scheme or its benchmark should be communicated by way of notice and by way of an e-mail or SMS to unitholders of that particular scheme. In addition to the existing labels relating to levels of risk -- low, low to moderate, moderate, moderately high, high and very high, the risk-o-meter should also be depicted using a colour scheme. Risk-o-meter needs to have six levels of risk for mutual funds -- green for low risk Irish; chartreuse for low to moderate risk; neon
HDFC, ABSL plan arbitrage plus debt FoFs to offer low-risk, tax-efficient products
The next big stop: 100 million investors as equity euphoria persists
The new Rs 100 daily SIP option represents a significant reduction from the previous minimum of Rs 300
LIC Mutual Fund on Friday launched a new Manufacturing Fund, an open-ended equity scheme, and said it is looking to achieve an asset under management of Rs 60,000 crore this fiscal. The new fund offer (NFO) will remain open for subscription till October 4 while the units under the scheme would be allotted on October 11, the company said. It also said that the scheme will be benchmarked to the Nifty India Manufacturing Index (Total Return Index). The scheme aims to provide a diversified portfolio of companies that come under the ambit of manufacturing theme, including automobiles, pharmaceuticals, chemicals, heavy engineering products, metals, shipbuilding, and petroleum products, among others, the company said. "The main objective of launching the manufacturing fund is to create wealth for the investors who will be joining this scheme and which will be mainly investing into manufacturing theme companies," R K Jha, Managing Director and Chief Executive Officer, LIC Mutual Fund told .
The objective of the fund is to offer long-term capital appreciation by investing primarily in equity and equity-linked instruments of technology-focused companies
This trend is being amplified by strong returns in the equity markets in recent years, said Kotak Institutional Equities in a report
The broader category, which includes offerings across equity, debt and commodities, has seen a spike in the inflows over the past two months
"Factor investing is growing rapidly in India. Among factor funds, momentum is the largest and the most popular strategy," says Pratik Oswal, chief of business, passive funds, Motilal Oswal AMC
PB Fintech and Delhivery were also among the top 15 most bought stocks, as per an analysis by Nuvama Alternative & Quantitative Research