Page 30 - Mutual Funds

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

Investing strategy for mutual fund investors ahead of Lok Sabha poll result

Mutual Fund Investment: Stock market and mutual fund investors, analysts said, need to be wary about rich valuations in equity markets at this point

Which large-cap stocks did mutual funds buy and sell the most in April?

Kotak Mahindra Bank emerged as the most purchased large-cap stock, with mutual funds accumulating a significant amount (49,160 crore) in the company. Punjab National Bank also saw a surge in buying

Share of North East in MF assets more than doubles to Rs 40,324 cr in 4 yrs

The share of North East in overall mutual fund assets in the country more than doubled in the last 4 years to Rs 40,324 crore in March 2024, spurred by increased awareness and growing interest among retail investors to invest in equities, a report by ICRA Analytics said. Also, this signals a growing appetite among investors from smaller towns and cities to invest in mutual funds. The combined share of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura rose to 0.73 per cent of the total average asset under management (AAUM) of the mutual fund industry, which stood at Rs 55.01 lakh crore in March 2024. The share was around 0.67 per cent in March 2020, when the industry's AAUM was at Rs 24.71 lakh crore. Data for Sikkim was not provided. In March 2020, these states had an asset base of Rs 16,446 crore as compared to Rs 40,324 crore in March this year. "Though the contribution of these states to the total AAUM of the industry is still small in percentage terms,

Spike in SIP churn as investors rebalance; registrations rose 48% in April

Account closures 42%; experts say rotation at play

Working on AI to provide quality research: Share.Market CEO Ujjwal Jain

We have touched approximately Rs 19k cr every month of fresh money coming into the mutual fund industry, Jain said

CAMS Q4 results: PAT rises 38.5% to Rs 103 cr, revenue up 24% to Rs 310 cr

Registrar and transfer agent for mutual funds CAMS on Thursday reported a 38.5 per cent surge in profit after tax to Rs 103 crore for three months ended March this year, driven by robust performance across the business streams. In comparison, the company had posted a profit after tax (PAT) of Rs 74.36 crore in the year-ago period, Computer Age Management Services Ltd (CAMS) said in a statement. Its revenue grew 24.6 per cent to Rs 310.46 crore in January-March of the financial year 2023-24 (FY24) from Rs 249.24 crore a year ago. "We had an excellent quarter in terms of posting strong financial results, with quarterly revenue and PAT growing at 24.6 per cent and 38.7 per cent YoY (year-on-year). "All these numbers are a culmination and deep vindication of robust performance across our revenue streams and are reflective of deep business and operational focus of our teams," Anuj Kumar, Managing Director of CAMS, said. The company said that revenues from the mutual fund business rose

Making mutual fund choice: Multi-asset vs balanced advantage funds

Investors should pick between the two depending on their risk appetite and financial goal

Mutual funds bet on 'special' opportunities as uncertainties loom

Two launches next week, one in the pipeline

Elections stoke volatility but don't alter market dynamics: Niket Shah

Shah suggests that if the ruling coalition fails to secure a substantial majority, it could exacerbate short-term market volatility

Protecting Streedhan, tailored dressing: Top personal finance stories

Our top stories this week tell you about a woman's inalienable financial right and why tailored clothes are better than readymade

HDFC Mutual Fund buys 1.13 million Cyient shares for Rs 204 crore

HDFC Mutual Fund on Thursday bought shares of global digital engineering and technology company Cyient Ltd for Rs 204 crore through an open market transaction. According to the bulk deal data available with the BSE, HDFC Mutual Fund purchased 11.33 lakh shares, amounting to a 1.02 per cent stake in Cyient. The shares were picked up at an average price of Rs 1,800 apiece, taking the deal size to Rs 204.10 crore. After the stake buy, HDFC Mutual Fund's shareholding in Cyient has increased to 2.1 per cent from 1.08 per cent. The details of the sellers could not be ascertained. On Thursday, shares of Cyient fell 0.67 per cent to close at Rs 1,794.30 apiece on the BSE. In a separate transaction on the NSE, Ventureast divested a 1.8 per cent stake in fintech player Zaggle Prepaid Ocean Services for Rs 67 crore through an open market transaction. Bengaluru-based Ventureast through its affiliate Ventureast Proactive Fund LLC offloaded 22.27 lakh shares, amounting to a 1.8 per cent stake

Mutual Fund KYC: How to verify status online, fix PAN-MF folio mismatch

Investors with an 'on hold' KYC status will not be able to carry out any transactions in mutual funds

Rising threshold for large, midcaps supports noise for tweak in methodology

Sebi has received a lot of feedback on tweaking the approach for the categorisation of stocks and soon the regulator could announce a new methodology

IL&FS MF pays Rs 600 crore to debt infra investors; makes timely redemption

IL&FS Mutual Fund on Wednesday said it has paid a little over Rs 600 crore to investors in its infrastructure debt fund. The debt scheme -- IL&FS Infrastructure Debt Fund Series 1C-- was redeemed on due date on April 30, making it a timely redemption, according to a statement issued by IL&FS Group. The scheme redeemed Rs 606 crore against the original invested capital of Rs 275 crore delivering a return of 8 per cent per annum to the investors since inception. IL&FS Mutual Fund (IDF), which is amongst the largest infra debt funds in the mutual fund format, had successfully redeemed schemes on time in January 2023. Total funds returned to the investors of the mutual fund over the past five years are Rs 1,580 crore. IL&FS Infrastructure Debt Fund is managed by IL&FS Infra Asset Management Ltd. The target investors for the fund are banks, pension funds, insurance companies, foreign investors, sovereign wealth funds and bilateral or multilateral associations. In ...

Sebi allows NRIs to own up to 100% in global funds at the GIFT City

Allows higher exposure to passive funds in group companies; increases NRI/OCI exposure to 100% if route via Gift City

Sebi board takes measures to curb fraudulent trades in mutual funds

Sebi board on Tuesday decided to amend norms governing mutual funds, whereby asset management companies (AMCs) need to put in place an "institutional mechanism" for identification and deterrence of potential market abuse, including front-running and fraudulent transactions in securities. The mechanism should consist of enhanced surveillance systems, internal control procedures, and escalation processes to identify, monitor and address specific types of misconduct, including front running, insider trading, and misuse of sensitive information, Sebi said in a statement issued after the conclusion of the board meeting. With a view to address the issues faced by venture capital funds (VCFs) registered under the erstwhile VCF norms with respect to their inability to fully liquidate the investments of their schemes within the tenure of the scheme, the Sebi's board has approved a proposal to provide an option to such VCFs to migrate into AIF (Alternative Investment Fund) rules and avail the

Fund houses' ticker-tape parade of fiscal success on the D-Street

Robust performance buoyed by soaring AUM and stellar equity performance

Health insurance age reform; NPS vs MF: Top personal finance stories

This week we report about how senior citizens should buy health insurance and what is a better retirement corpus

Invesco agrees to pay Rs 5 cr to Sebi for settlement in MF violation case

In an inspection conducted in 2021, the market regulator found that there was no clear segregation of activities between portfolio management activities and mutual fund activities of the firm