Mutual funds remained bullish on the Indian equities in 2022-23 and invested Rs 1.82 lakh crore largely due to a strong interest from retail investors and the correction in the market that led to reasonable valuation. This comes following a similar amount of Rs 1.81 lakh crore invested by mutual funds in the stock market in preceding financial year 2021-22 (FY22). Before that, they had pulled out Rs 1.2 lakh crore from equities in 2020-21, according to the data with the Securities and Exchange Board of India (Sebi). Going ahead, equity outlook for the current financial year (FY24) will start improving in a couple of quarters once inflation starts coming down in the US and its central bank -- US Federal Reserve -- will change its policy stance from hawkish to dovish, Rajiv Bajaj, Chairman and Managing Director of Bajaj Capital, said. In the longer-term, India's growth prospect is higher amidst concern of slowing growth in major developed economies. "The government's favourable polic
Guidelines for investment advisers should be clear
Business Standard brings you the top headlines at this hour
Overall, domestic institutional investors (DIIs), which include MFs, made a net investment of Rs 2.56 trillion in last financial year
Their share is six times higher than it was in March 2012
Industry experts say it could help attract global players
Senior executive of DSP Mutual Fund debt funds will continue giving good returns after tax changes
Investors snap up popular medium- to longer-duration debt funds to lock in higher returns
People can use it to make investments tailored to their risk profiles and financial goals, says company
"There is no significant benefit to invest in longer-duration assets at this point of time as RBI is expected to remain in a long pause and is not expected to cut rates," CIO Manish Banthia said
Target maturity funds, longer-duration schemes see high demand
HDFC MF, Motilal Oswal and Samco among fund houses offering new plans
What changes: Tax on proceeds from high-value insurance policies, higher tax on debt MFs and more
In FY24, asset management companies (AMCs) are set to try out new schemes to attract investor
How will new income tax rules affect you from April 1? How can India create a global brand? Where will MFs invest when markets bottom out? Will your UPI payments not be free anymore? Answers here
Plans to link expense ratio to AMC's total AUM in an asset class
Funds can disclose NAV by 10 am the next day from July
Board approves ASBA-like facility for secondary market, sponsor-less AMCs
Experts cite poor near-term returns, fall in investable income
To strengthen corporate governance norms, Sebi decided to end the practice of individuals having permanent seats on boards of listed companies