Page 47 - Mutual Funds

Change in monetary policy, rural revival can lift equities: Union AMC CEO

Systematic investment plan inflows are the cornerstone for the mutual fund industry's growth, he says

MF inflow in equities crosses Rs 1.5-trn for second straight fiscal

Thus far in FY23, MFs have pumped in a net Rs 1.53 trillion in equities till March 1, 2023, Securities and Exchange Board of India (Sebi) data show, as compared to Rs 1.72 trillion in FY22

Women's Day special: Why India must invest more in this 'asset class'

Number of women fund managers rises YoY to 42, but is still below 10% of overall figure of 428; While their count is growing, their share in AUM is declining steadily

Abating pricing pressure in US market good news for pharma funds

While the risk from USFDA strictures remains, aggressive investors may take limited bets with 5-7-year horizon

Sebi frowns on assured returns, asks MFs to remove related ads, brochures

Says MFs using illustrations based on assumptions; disclaimers made in fine print can escape investors

Small wonder: Startup cracks MF code with help from small banks

Fisdom among few fintechs to generate revenue through MF distribution

Market regulator Sebi suspends small town-linked incentive for MFs

The concerns shared by Sebi are splitting of transactions and churning of investments by distributors, variance in calculation of B-30 incentives among AMCs

Mutual funds beyond returns

They have an important role in improving corporate governance and deepening the corporate bond market

Sebi penalises individual for flouting market norms in BOI AXA Mutual Fund

Sebi has imposed a fine of Rs 10 lakh on an individual for flouting market norms in the matter of BOI AXA Mutual Fund. The individual, Shubro Sankha Das Sarma, was the Head of Operations at Bank of India Investment Managers (formerly known as BOI AXA Investment Managers). The order came after Sebi conducted an thematic inspection of BOI AXA Mutual Fund for the period August 2018 to February 2019. It was done to verify the books of accounts, records and other documents pertaining to the mutual fund with respect to Inter Scheme Transfer (IST) and valuation of downgraded debt securities. Post inspection, the regulator initiated adjudication proceedings against Bank of India Investment Managers, Rajesh Chawathe, Sandeep Dasgupta, Jayati Dasgupta, Anurupa Dasgupta, Sarma and Alok Singh for the alleged violation of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms. Out of seven entities, six entities, including Bank of India Investment Managers, settled the case with ...

Bajaj Finserv gets Sebi's approval to foray into mutual fund business

Ganesh Mohan named CEO, Nimesh Chandan to head investment team

Bajaj Finserv gets regulatory license to start mutual fund business

Bajaj Finserv MF aims to create a tech-driven, multi-channel approach to serve investors across various touchpoints and geographies in order to build a future-ready asset management company

Sebi bars 21 entities from capital markets in Axis MF case: Interim order

The market regulator said it identified Rs 30.5 crore as wrongful gains accrued due to the alleged front-running activities and directed that this amount be impounded from the entities

Retail mutual fund assets base grows 9.3% to over Rs 23 trn in January

Retail investors' interest in the Indian mutual fund industry has seen an uptick with the value of assets held by them witnessing a rise of 9.3 per cent to Rs 23.4 lakh crore in January this year. In comparison, the value of assets held by retail investors in mutual funds stood at Rs 21.40 lakh crore in January 2022, latest data with the Association of Mutual Funds in India (Amfi) showed. However, the value of institutional assets has marginally decreased to Rs 17.42 lakh crore in January 2023, from Rs 17.49 lakh crore in January 2022. Industry insiders believe the increase in asset base is mostly the result of advanced SIP (Systematic Investment Plan) flows, which touched Rs 13,000-crore for the fourth time in a row in January this year. In addition, industry body Amfi has played an important role in driving awareness towards mutual funds among retail investors. As per the data, flows through SIP rose to Rs 13,856 crore in January from Rs 13,573 crore in December. This was the fo

Sebi beefs up cybersecurity measures for regulated intermediaries

Sebi has also advised the entities to encrypt sensitive and personally identifiable information (PII) data, specifically in transit, to protect its access from any attacker

Losing traction: BAFs' dream run halts even as equity market stays volatile

BAFs see outflows for four months on the trot after inflows stayed in the green for two years

Sebi aims to prune costs further for MF investors, may bring GST under TER

May also include transaction costs within total expense ratio instead of allowing it as cost of investment, say sources

Rs 40-trillion MF industry braces for industry-wide forensic audit

AMCs term it from 'positive development' to 'preventive exercise'

Invest bulk of debt portfolio in funds that have 2-5-year average maturity

Avoid exiting from the category as most of the pain caused by rate hikes is behind us

Navi Mutual Fund first to switch from active to passive ELSS fund

Becomes first fund house to shift from active to passive in ELSS

Mad money: Indulgence that keeps you disciplined

Clients with insufficient resources should be allowed a Mad Money Fund, even if it creates the risk they may not be able to meet their goals