Page 43 - Mutual Funds

State Bank of India, LIC, two other sponsors to dilute stake in UTI MF

According to sources, these entities have approached merchant bankers to advise on stake sales

India's m-cap touches new high amid sharp rally in broader markets

Combined market value of BSE-listed firms tops previous record made in December before settling lower

PNB, LIC, SBI and BoB looking to seek formal bids for stake sale in UTI AMC

These entities have already appointed merchant bankers to initiate the sale process in UTI AMC

Sebi may not waive holdings rule for MFs post HDFC Bank, HDFC merger

As per SEBI rules, a mutual fund scheme cannot invest more than 10% in a single security

Mutual funds may not get holdings waiver post HDFC Bank-HDFC merger: Report

As per SEBI rules, a mutual fund scheme cannot invest more than 10% in a single security. However, exchange-traded funds and funds that invest in particular sectors are exempt

Sebi introduces framework for direct mutual fund investment platforms

Opens doors for monetisation of platforms facilitating commission free MF investment

Sebi directs MF platforms to become execution-only to cut out distributor

Capital market watchdog Sebi on Tuesday introduced a regulatory framework for 'Execution Only Platforms' for direct plans of mutual fund schemes in a bid to protect the investors dealing in such schemes. The execution-only platform allows transactions in direct plans of mutual funds without the help of distributors. The new framework would be applicable from September 1, the Securities and Exchange Board of India (Sebi) said in its circular. Over the past few years, direct plans of mutual fund schemes have gained traction among investors as such schemes are cheaper compared to the regular plans, which include a commission paid to distributors. This resulted in mushrooming of several online platforms that provide the facility of investing in direct plans. Sebi noted that several entities including investment advisors and sock brokers are providing execution services, like the purchase and redemption of direct plans of mutual fund schemes, through the digital mode. Such platforms are

Bank vs IT stocks: Domestic fund managers face a 'Hobson's choice'

Backing the right pack can help in alpha generation, as the two often move contrarily

Mutual funds invest over Rs 2,400 cr in equities in May due to GDP growth

After withdrawing capital from equities in April, mutual funds put in over Rs 2,400 crore in stocks last month, primarily due to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going ahead, stronger inflows from the mutual fund space in equities are expected on positive macro numbers and the current fair value of Nifty, Feroze Azeez, Deputy CEO of Anand Rathi Wealth, said. "Stable GDP growth, low inflation, investor-friendly policies, and global market sentiments towards emerging economies play a significant role in attracting investments from both mutual funds and foreign portfolio investors (FPIs)," Akhil Chaturvedi, Chief Business Officer at Motilal Oswal AMC, said. According to the data available from the Securities and Exchange Board of India (Sebi), mutual funds infused a net sum of Rs 2,446 crore in equities as compared to a net withdrawal of Rs 4,533 crore in April. However, there is a disparity in May's investments between mutual fund

Tax changes slow new MF scheme launches; demand for debt funds takes a hit

The debt-plus-arbitrage strategy will keep volatility lower as in the case of debt schemes, while also ensuring lower tax outgo for investors

Sebi allows MFs to invest in repo transactions on commercial papers

In a bid to boost growth of the corporate bond market, regulator Sebi on Thursday allowed mutual funds to invest in repo transactions in securities such as Commercial Papers and Certificate of Deposits. In addition, the capital markets regulator said that mutual funds can participate in repo transactions only in "AA" and above rated corporate debt securities, according to a circular. In repo transactions, also known as a repo or sale repurchase agreement, securities are sold with the seller agreeing to buy them back at a later date. The instrument is used for raising short-term capital. For the purpose of consideration of credit rating of exposure on repo transactions for various purposes, including for potential risk class matrix, liquidity ratios and risk-o-meter, Sebi said the same will be as that of the underlying securities on a look-through basis. With regards to transactions where settlement is guaranteed by a clearing corporation, the exposure will not be considered for the

There is caution among retail investors, says Sharekhan's Gaurav Dua

The one-way rally in the broader market lasts for 17/18 months (on average) and is followed by a corrective phase of 18-24 months

ICICI Prudential Bluechip Fund: Consistent in outperformance and holdings

The fund's month-end assets under management increased to Rs 35,876 crore in April 2023, from Rs 21,765 crore in May 2020

UTI, SBI MFs lead small town footprint due to strong branch presence

Table-topper UTI MF prides itself on the distribution network it has created in B-30 locations

Mutual funds eye micro stars as broader equity market gathers pace

Outperformance lures fund houses to explore micro-cap schemes; challenging space, say experts

Amfi to form ethics panel to curb misconduct in asset management companies

The proposed ethics committee of Amfi, a nodal association of mutual funds in the country, is envisioned to be able to take action on a self-regulatory basis against individuals

Yield-to-maturity in debt mutual funds continue to trend downwards

Wrong end of the curve: YTM of most scheme categories 15-65 bps lower at the end of April

High expense ratio erodes mutual funds' net return, so monitor cost

If your distributor suggests moving from a low- to a high-cost fund, question the rationale of the move

Sebi to issue MF light regulations for passive funds to ease compliance

Markets regulator Sebi will come out with a mutual fund light regulations for passive funds as part of efforts to reduce the compliance burden, foster growth as well as lower costs to investors, a senior official said on Friday. Passive funds is an investment vehicle that tracks a market index or a specific market segment. These funds include passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs. The regulator is looking to reduce compliance requirements for passive funds that are tied to changes in the underlying index and operate on a non-discretionary basis. To accommodate passive investments, such as index funds and ETFs, the regulator is introducing mutual fund light regulations, Sebi Whole Time Member Ananta Barua said. "These regulations will provide greater flexibility for index funds and ETFs, enabling them to offer transparency, diversification, and lower costs to investors. "By easing the compliance burden, Sebi aims to foster the growth

Safe-bet BAFs take the back seat as investors turn to riskier funds

Outflow not huge but the traction seen in the later part of 2021 is waning, shows data