Page 44 - Mutual Funds

Mutual funds buy the dip in IT stocks; invest Rs 9,500 crore in 2023

Stocks attractive as downside risk is limited and most negatives are priced in: Experts

In MFs' trading expense revamp, AMCs, brokerages see Rs 3.5k-cr blow

Inclusion of brokerage or trading costs in the TER will put AMCs in a catch-22 situation as the greater the churn in portfolios, the lower the profit margins will be

Sebi plan to prune MF costs: New expense slabs, no additional charges

Proposes to bring expenses like brokerage, transaction, and GST within the total expense ratio

TMS Ep434: Go First vs lessors, L&T, mutual funds, private credit funds

How will Go First vs lessors affect Indian aviation? Where is L&T headed after a change of guard? Which equity mutual funds are experts betting on? What are private credit funds? Answers here

Large-cap MFs, Index Funds to attract flows as markets pick pace: Analysts

Gross inflows into active equity mutual fund (MF) schemes dipped 34 per cent month-on-month (MoM) to Rs 25,400 crore in April

Debt MFs attracts Rs 1.06 trn in FY23, liquid funds account 60% inflow

After massive outflow in March, debt-oriented mutual funds witnessed a sharp turnaround in April as they attracted Rs 1.06 lakh crore with liquid schemes accounting for 60 per cent of the inflow. Barring credit risk and banking and PSU fund categories, all the other segments witnessed net inflows and expectedly, categories having shorter maturity profiles were the biggest beneficiaries, the data with the Association of Mutual Funds in India (Amfi) showed. Going ahead, debt mutual funds are likely to witness a decline in inflows since the tax benefits from indexation are not available from April 1 onwards, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data, debt mutual funds witnessed an inflow of Rs 1.06 lakh crore in April as compared to a net outflow of Rs 56,884 crore in the preceding month. "While March's outflow was a natural and expected year-end phenomenon. It is difficult to ascertain the reason behind this sudden turn in

MF's NFO collection drops 42% to Rs 62,342 cr in FY23; AMCs float 12 NFOs

Hit by markets regulator Sebi's ban on the launch of new fund offerings, mutual funds' collection through fresh schemes remained subdued at Rs 62,342 crore in 2022-23, which was 42 per cent lower than in the preceding fiscal. However, a higher number of NFOs were launched in 2022-23 (FY23) compared to the preceding year. A total of 253 new schemes were floated in FY23, which was way higher than 176 new fund offers (NFOs) launched in 2021-22, according to the data compiled by Morningstar India. Moreover, in the current fiscal so far, AMCs have floated 12 NFOs in different categories, the industry data stated. In the past fiscal year, fund managers focused on passive funds and fixed income categories like fixed maturity plans. As per the data, a total of 182 open-end funds and 71 closed-end funds were launched in the financial year 2022-23, and cumulatively, these funds garnered Rs 62,342 crore. In comparison, 176 NFOs were floated in 2021-22 and cumulatively, these funds were able

Around Rs 2,637.94 crore lying unclaimed with mutual funds: Amfi data

Money is said to be unclaimed when the fund house is unable to make dividend and redemption-related payments to the investor through the online as well as offline channels

Sectoral and thematic schemes biggest draw for millennials, says report

A fifth in 27-42 age bracket started MF journey with these schemes in 2022-23, shows report

Mutual funds may knock on Sebi door for hybrid fund tax stimulus

Conservative hybrid schemes can invest a max 25% in equity; industry wants limit enhanced to 35%

Top 5 headlines: India Inc's net profit in Q4, FAME funds allocation & more

Business Standard brings you top news at this hour

Buying, selling by MFs and FPIs have a bigger impact on the markets

Buying, selling by MFs, FPIs have a bigger impact on markets than other investor classes

Slowly but surely, mutual funds warm up to investment in REITs, InvITs

Exposure up sevenfold in three years to Rs 5,200 cr

Sebi to tell brokers, mutual funds to limit use of financial influencers

Sebi will ask brokers, traders registered with it and mutual funds to stop associating with financial influencers who are seen to be giving misleading advise and inducing investors, the report said

MFs see 8.5 mn new millennial investors in FY19-FY23 on awareness campaign

Mutual fund industry witnessed an influx of 84.8 lakh new millennial investors in the last five financial years (FY19- FY23), cornering 54 per cent share of the new investor base, on the back of massive awareness campaigns, conducive market conditions and digital access, according to a report by CAMS. Apart from these factors, simplified KYC and concerted intermediation and advisory too encouraged new millennials to invest in mutual funds. Overall, 1.57 crore new investors joined the industry between 2018-19 and 2022-23, as per the report released by mutual fund transfer agency Computer Age Management Services (CAMS) on Thursday pointed out. According to the report, millennials have been the dominant segment among the new investors who entered mutual funds in the last five years with their share percentage peaking to 57 per cent in FY20. "Despite the market volatility and uncertainty through FY23, investors' confidence to enter mutual funds remained sound and millennials continued

Mulling performance-linked incentives for mutual funds, says Sebi ED

Capital markets regulator Sebi is looking at introducing a performance-linked incentive for mutual funds and will soon be coming out with a consultative paper on the same, a senior official said on Wednesday. The Securities and Exchange Board of India (Sebi) has suspended the 'B30 scheme' which pushed the industry to go to newer geographies, because of undesirable practices, and will soon be coming out with a revised scheme, the watchdog's executive director Manoj Kumar said. Kumar said Sebi generally focuses on pushing the industry to pass on the benefits of changes like technology to the MF (Mutual Fund) investors, which may not be welcomed in certain quarters in the industry. " we are trying to focus. Shortly, you will see once we come out with a consultative paper where we will try to link performance and try to see surrounding that performance what incentive structure we can create," Kumar said while speaking at a MF summit organised by industry lobby CII. He, however, did not

New mutual fund schemes with performance-based fee on the anvil

Proposal being reviewed by a working group formed by Sebi

Average ticket size of mutual fund investor falls to Rs 68,321 in FY23

Mutual funds as an investment vehicle have gained popularity among investors, although the average ticket size of retail investors have dropped by close to 3 per cent to Rs 68,321 in March this year. The retail investors had an average account size of Rs 70,199 as of March 2022 as compared to average account size of Rs 68,321 at the end of March this year, according to data published by Association of Mutual Funds in India (Amfi). On the other hand, institutional investors had the highest ticket size at Rs 10.11 crore per account during the period under review. In terms of schemes, the average ticket size is relatively higher for liquid and debt oriented schemes, which are primarily dominated by institutional investors. The average ticket size for debt oriented schemes was Rs 14.53 lakh, while the same for equity oriented funds was Rs 1.54 lakh. Generally, equity assets have a longer average holding period as compared to non-equity assets with 45 per cent of equity assets having b

Fund Pick: Nippon India Large Cap Fund is a diversified outperformer

The fund's objective is to invest in the top 100 companies by market capitalisation and ensure stability and liquidity in the portfolio while generating alpha

Rate pause effect: Debt fund yields come off after year-long rally

Yield to maturity may remain range-bound