Page 29 - Mutual Funds

Sebi proposes steps to open credit default swap market for mutual funds

CDS allows an investor to offset their credit risk with another investor, who is willing to reimburse or pay a notional amount in case the borrower or the issuer of the bond defaults

BSE denies tech glitch; bank payment lag delayed MF NAV on poll results day

Leading stock exchange BSE on Friday said lag in receiving payments from banks led to delay in assigning NAV to investors who bought mutual funds on June 4 and there was no technical glitch at its end. Many investors had complained on social media for failing to square off their positions. Several investors purchased their mutual funds before the cut-off time, although they were assigned the Net Asset Value (NAV), which determines the fund's value for June 5 instead of June 4. This resulted in substantial financial losses to such investors. "It is hereby clarified that there was no technical glitch at BSE Clearing House (ICCL) on June 4th. Prima Facie, there was a lag in receiving details of credit /payments from payments aggregator(s) / bank(s) for few customers which led to the delayed NAV," BSE said in a statement. The clarification came after several broking platforms alleged BSE for a glitch in the mutual fund system of the exchange on June 4, which led the orders to go throug

Health insurance reforms, exotic fruit diet: Top personal finance stories

This week we tell you about the changes in health insurance subscription and the health benefits of pricey fruits

Tuesday's stock market meltdown shaves off Rs 1.4 trillion of MF AUM

According to MF officials, smallcap fund AUMs saw a comparatively lower decline as their portfolios have a higher active weight

PGIM India MF remains overweight, with bias for long-duration govt bonds

Indian bonds are set to be included in JPMorgan's emerging market debt index from the end of this month and markets expect passive inflows worth around $25 billion

Mahindra Manulife Manufacturing Fund is open for subscription: Have a look

Mahindra Manulife Manufacturing Fund will invest in the equity of companies engaged in manufacturing and related activities

Savvy investors with high risk appetite likely to opt for quant funds

Quant funds use a rule-based approach for portfolio construction based on quantitative models

JioFin launches beta version of JioFinance app, to offer UPI, digi banking

The app's future plans include broadening the loan offerings, initially focusing on mutual fund loans and eventually branching out to include home loans

Large MFs less likely to confront promoters in voting on resolutions

Fund houses are becoming assertive in general and the trend could be helping corporate governance

Kotak Mutual Fund launches Nifty 100 Low Volatility 30 Index Fund

The new fund offering will remain open for subscription till May 31

RBI in talks with Sebi to allow mutual funds to sell debt to ARCs

ARCs are not allowed to buy debts from MFs currently

Valuation swell prompts large balanced advantage funds to lower sails

Adjusting to market tides: Large BAFs trim net exposure to below 60%

Sebi proposes facilitating investments by mutual funds in overseas funds

Capital markets regulator Sebi on Friday proposed facilitating investments by mutual funds in overseas funds, which invest certain portion of their assets in Indian securities. This is subject to the fact that the total exposure to Indian securities by such overseas funds should not be more than 20 per cent of their net assets, Sebi said in its consultation paper. The move would help keep Indian fund of funds (FoFs) true to their label, coupled with cost effectiveness, for investors. Considering strong economic growth prospects of India, the country's securities offer an attractive investment opportunity for foreign funds and accordingly, various international indices, exchange traded funds (ETFs), mutual funds (MFs), unit trusts (UTs) allocate a portion of their assets to Indian securities, Sebi noted. As of April 30, 2024, the MSCI Emerging Markets Index has a little over 18 per cent weight to Indian securities. Similarly, JP Morgan's Emerging Markets Opportunities Fund' holds .

Cancelling credit card, uncluttering home: Top personal finance stories

Our top stories this week tell you about the procedure to cancel a card and the various storage solutions for your home

Retirement MFs: Equity allocation, flexible withdrawal options key benefits

Stay invested even after lock-in ends to gain from compounding

Unfazed NFOs: No election jitters for mutual fund scheme launches

In line with the trend seen in previous election seasons, the equity market has been volatile in recent weeks even as the expectations of re-election of the BJP-led government remains strong

SBI MF adds automotive opportunities fund to its thematic line-up

According to fund house, the growing demand for premium automobiles & rising electric vehicle adoption also bodes well for the cos in this sector, while bringing new investment options to the fold

Big relief for mutual fund investors: Sebi eases Aadhaar-PAN KYC rules

Previously, Sebi mandated that all mutual fund investors link their PAN with Aadhaar to complete the KYC process

Mutual funds embrace healthcare, finance stocks as smallcaps bounce back

Smallcap funds raked in net inflows of Rs 2,209 crore in April amid a sharp rally in smallcap shares

New mutual fund investors: Set goals and assess your risk profile

Knowing these parameters will allow you to determine the optimal asset allocation, essential for building a portfolio