Page 37 - Mutual Funds

Fund Pick: ICICI Prudential All Seasons Bond leads in CAGR, strategy

It is an open-ended dynamic debt scheme investing across durations, and faces relatively high interest rate risk and moderate credit risk

Financial sector stocks, new listings take centerstage in November for MFs

The equity market witnessed a sharp rally last month. The benchmark Nifty50 rose by 5.5 per cent, the most since July 2022

Mutual Fund IPOs anchor bigger than FPIs for a second year in a row

So far this calendar, domestic funds subscribe for shares worth Rs 5,577 cr in anchor category, while FPIs Rs 5,417 cr

SIP collection up Rs 1.66 trn in 2023, lower ticket size to push inflow

Investors are placing significant bets on systematic investment plans, or SIPs, with inflows rising to Rs 1.66 lakh crore in the first 11 months of 2023, while Sebi's decision to lower the ticket size to Rs 250 will further boost investment. The total invested in the first 11 months this year is way higher than Rs 1.5 lakh crore through the route in the entire 2022, Rs 1.14 lakh crore in 2021, Rs 97,000 crore in 2020, as per data with the Association of Mutual Funds in India (AMFI). Going ahead, Akhil Chaturvedi, Chief Business Officer of Motilal Oswal AMC, anticipated a sustained and healthy year-on-year growth in overall SIP participation. "With a buoyant economic outlook and increased market participation, investors are likely to continue favouring SIPs as a disciplined and accessible investment avenue. The ongoing strength in the market, coupled with the potential for healthy returns, reinforces our belief that the upward trend in SIPs will persist throughout 2024," he ...

Mutual fund managers find comfort in largecaps as Sensex tops 70,000

P/E multiple expansion in smallcaps and midcaps sharper than largecaps

Consistent inflows push small-cap funds AUM past Rs 2 trn mark in Nov

Strong, incessant net flows and favourable market conditions propped up the assets base for the small-cap mutual fund category to cross Rs 2 lakh crore mark in November-end, a sharp surge of 69 per cent from a year earlier. On a month-on-month basis, the Assets Under Management (AUM) of the category grew 10 per cent to Rs 1.99 lakh crore, data with the Association of Mutual Funds in India (AMFI) showed. Since the fourth quarter of 2019-20, the AUM for the category has seen a phenomenal rise, due to favourable market movement, along with record net inflows. Small-cap funds attracted Rs 37,178 in this year (till November). This includes Rs 3,699 crore last month and a record fund infusion of Rs 4,495 crore in October. On the other hand, the large-cap category saw a pull out of Rs 2,688 crore in the first 11 months of this year. "A few fund houses have limited the inflows in their small-cap funds over the last quarter given the sharp rise in flows and concerns on valuations," Morning

China proposes trading cost cuts for mutual funds, to regulate commissions

Analysts say the new rules would help brokerages with strong trading and research capabilities to win commissions

Sebi is looking to create a new asset class, says Madhabi Puri Buch

Capital markets regulator Sebi is looking to create a new asset class -- which lies between mutual funds and portfolio management services (PMS) -- and the new product can cater to high-risk investors, its chief Madhabi Puri Buch said on Friday. The Sebi chief said that there is a spectrum of asset classes for investors. Of these, "mutual funds are the highly retail investors, then you have in between a PMS and then you have AIF (alternative investment fund) for private equity". "We feel there is room for an additional asset class somewhere between mutual funds and PMS... Sebi is looking into a whole new asset class," Buch told reporters here at the sidelines of a CII event. In October, mutual funds industry body AMFI clarified that the idea of introducing a new asset class, which lies between mutual funds and PMS, was at a "very nascent stage". According to the industry body, there was a deliberation within the industry for an instrument that caters to investors who are looking fo

SenseAI Ventures rolls out Rs 200 crore fund to back AI startups

SenseAI Fund I is poised to invest in 18-20 AI-first startups, focusing on seed and Pre-A stage companies

MFs set to deploy Rs 1.5 trillion in equities for second straight year

Active equity schemes have raked in a net Rs 1.3 trillion in the first 10 months this year

Choose Balanced Advantage Fund that changes equity-debt mix on time

But, these funds can lose money during severe market corrections

Distributors flock to MFs as returns and flows improve, shows data

Industry onboards 11,600 distributors since April, over 2x FY23's

Within BFSI, space beyond banking offers a lot of opportunity

While banks provide the opportunity for steady medium-term compounding, it is the FSI segment, which includes life and general insurance companies, asset management companies. >

Axis AMC eyes Rs 3 trillion AUM by March; expects Rs 2,500 cr from new fund

Axis Mutual Fund on Wednesday launched a manufacturing fund and has set a target of collecting at least Rs 2,500 crore during the offer period. The Axis Bank subsidiary which competes with 44 other players, is also eyeing around Rs 3 lakh AUM by the end of this fiscal, given the market rally. The fund house opened the year with an AUM (assets under management) over Rs 2.25 lakh crore. The open-ended equity scheme represents the manufacturing theme and opens for subscription from December 1 and closes on December 15. The fund will track Nifty manufacturing index and will be managed by Shreyash Devalkar and Nitin Arora, the company announced here. If 10 per cent of the investment is redeemed/switched within 12 months from the date of allotment there will be no exit load, while for the remaining investment there will be a 1 per cent charge, B Gop Kumar, managing director & chief executive of the fund house said. On the overall AUM target for the year, Kumar said the growth has been

Health insurance safety, adventure sport boom: Top personal finance stories

Our pick of best stories this week explains why medical claims are rejected and how Indians are seeking thrill

AMCs' contribution to backstop fund for debt mutual funds tops target

Rs 33K cr CDMDF now operational after they pool initial corpus of Rs 3.1K cr

Thematic mutual funds gain popularity; attract Rs 14,000 crore in 5 months

Thematic mutual funds have been gaining traction among investors with the category attracting nearly Rs 14,000 crore in the past five months, signalling an increasing high-risk appetite among investors. The category has been attracting regular inflows since June. Before that, the segment saw a net withdrawal of Rs 169 crore in May, the latest data from the Association of Mutual Funds in India (Amfi) showed. Sectoral fund investing is for very high-risk appetite investors as the portfolio is concentrated in a particular sector. Only a well-informed investor should park funds in the sectoral funds. "With an increased risk appetite for equities and awareness of products and offerings, retail investors opt for higher-risk products like thematic or sectoral funds compared to other products, Gopal Kavalireddi, VP - Research, FYERS, said. Going by the Amfi data, thematic funds witnessed an inflow of Rs 3,896 crore in October, which was the second-highest amount in the equity category afte

Mutual funds' NFO collection surges 4 times to Rs 22,000 cr in Sept qtr

Mutual funds' collection through new fund offerings (NFOs) surged nearly four times to Rs 22,000 crore in the July-September period this fiscal compared to the preceding quarter as 48 new schemes hit the market. Going forward, more NFOs can be expected in the coming quarters as several AMCs become operational and offer similar and differentiated products to the equity and debt investors, Gopal Kavalireddi, Vice President of Research at FYERS, said. "With investors firmly believing in the India growth story and the emergence of new segments in organised space, more and more companies are seeking funds through primary and secondary market offerings. "To support these listed businesses, AMCs would be interested in launching more schemes across equity and hybrid categories, especially in the mid-, small-, and micro-cap market capitalisations," he added. During the quarter that ended in September 2023, 48 schemes were launched, which were cumulatively able to garner Rs 22,049 crore at t

Tilt portfolio towards largecap funds to tap reasonable valuations

Consider going for a passive fund

Mis-selling trap; air purifier basics: Top personal finance stories

Our pick this week explains when you must say no to your relationship manager and what the best purifiers do