Page 50 - Mutual Funds

The reason you must hold on to equity funds despite turbulence in 2023

If investors exit the market now, they could be left on the sidelines when a sustained recovery begins

Baroda BNP Paribas AMC collects over Rs 1,234 cr for new multi asset fund

Baroda BNP Paribas Mutual Fund has garnered more than Rs 1,200 crore during the new fund offer period for its latest multi asset fund. The new fund, which was opened from November 28 to December 12, has mobilised Rs 1,234 crore during the NFO (New Fund Offer) period, the fund house said in a statement on Thursday. This is the second new fund offering by the fund house in the past nine months since the formation of the merged entity in March 2022. Suresh Soni, CEO, Baroda BNP Paribas Asset Management, said the new fund has received wide participation from investors and distribution partners across cities and towns. "This comes on the back of the overwhelming response we received for our flexi cap fund a few months ago." The multi-asset fund is a growing category, even though the existing category's asset under management is relatively modest at Rs 22,361 crore as of November 2022. The new fund invests in a mix of equity, fixed income and gold ETF (Exchange Traded Fund). Equity aims

Asset management companies fear 'transaction fee burden' on margins

Online mutual fund platforms are set to get a go-ahead to charge transaction fee

MF industry has growth potential but talent a concern: CEOs at BFSI Summit

Top MF executives believe that debt funds lik equity schemes can reach households if pitched well

Industry can aspire to reach $5 a person monthly SIP in five years: Bhatia

With this, monthly SIP inflows can reach Rs 50,000 cr, says Sebi whole-time member

BS BFSI Insight Summit 2022: Meet the top CEOs of mutual fund industry

Here is the list of top CEOs of mutual fund industry on panel for the BS BFSI Insight Summit 2022

BS BFSI Insight Summit 2022: Meet the top CIOs of mutual fund industry

Here is the list of top CIOs of mutual fund industry on panel for the BS BFSI Insight Summit 2022

Listen to the expert: Why a professional investment advisor matters

A Sebi-registered investment advisor is qualified to help you manage your finances

2022 corrected markets midway, valuations still high: UTI AMC's Ajay Tyagi

In a Q&A, Tyagi says 2023 could be a year of consolidation because the market is trading at a 15-20% premium to long-term averages

Three-fold growth in index fund AUM in 2022, ETF assets cross Rs 5 trn

Index fund growth led by debt schemes, with fund houses launching target maturity funds this year

Short duration optimised for YTM is the best strategy right now”

Currently, yield to maturities (YTMs) of debt mutual funds have become very attractive, so it is a good time to add to your allocation to these funds. Instead of looking at past returns, investors should look at yield to maturity to understand the trajectory of future returns, says Manish Banthia, Deputy CIO, Fixed Income, ICICI Prudential Mutual Fund. Speaking to Sanjay Kumar Singh, Associate Editor, Business Standard, he said he expects one more rate hike of 25 basis points to be followed by a long pause. Watch this interview to understand where interest rates are headed and the best categories of debt mutual funds you should invest in right now.

Mutual fund growth reverses to mean after 2021 sprint, shows data

AUM growth down 63% on account of lower investor addition, market slowdown

For the record: Mutual fund assets cross Rs 40-trillion, shows data

The number soared on the back of a post-Covid-19 market rally and the rise of retail participation

SIP closure ratio surges to 51% in 2022 from 41% in 2021: Amfi data

Until end-November, 23 million new SIP accounts were registered, compared with 22 million during the same period in 2021 - a growth of 6 per cent

Profit booking shrinks equity MF inflows in November to 21-month low

Redemptions rise 60% month-on-month to Rs 26,030 crore in November, the highest since September 2021

Equity mutual funds' net inflow drops 76% to Rs 2,258 cr in November

The net inflow in equity mutual funds plunged 76 per cent to Rs 2,258 crore in November over the preceding month amid a sharp up move in the stock market that made investors wary of higher valuation. This also marks the 21st straight month of inflows into equity schemes. Overall, the mutual fund industry registered net inflows of Rs 13,263 crore in November, slightly lower from Rs 14,045 crore seen in the previous month, data released by the Association of Mutual Funds in India (Amfi) showed on Friday. Apart from equity, debt-oriented mutual fund schemes witnessed a net infusion of Rs 3,668 crore during the period under review after withdrawing Rs 2,818 crore in the preceding month. Other schemes -- index funds, gold exchange-traded funds (ETFs), other ETFs and Fund of funds investing overseas -- saw an inflow of Rs 10,394 crore. This was mainly driven by index funds, which contributed Rs 8,602 crore alone. However, gold ETFs witnessed a net withdrawal of Rs 195 crore. As per the

ASK Capital gets Central Bank of Ireland nod to launch India-based fund

UCITS is a regulatory framework of the European Commission for management and sale of mutual funds

Govt allows CPSEs to park surplus funds in debt schemes of pvt sector MFs

The finance ministry on Wednesday permitted CPSEs to invest their surplus funds in debt-based schemes of private sector mutual funds, a move that will help them diversify their investment portfolio. So far, Central Public Sector Enterprises (CPSEs) were allowed to invest their surplus fund in Sebi-regulated public sector mutual funds. The Department of Investment and Public Asset Management (DIPAM) has issued a modified guidelines on investment of surplus funds by CPSEs wherein it said that "Maharatna, Navratna and Miniratna CPSEs are permitted to invest in debt-based schemes of Sebi regulated mutual funds". DIPAM said the guidelines have been modified in view of the representations received from some CPSEs, mutual funds, and private sector banks suggesting changes in certain provisions keeping in view liberalisation of policies and introduction of new monetary instruments for trade in short-term funds. These proposals have been examined by the inter-ministerial Committee for ...

Jindal Stainless surges 16% in two days after Quant MF buys 2.6 mn shares

On December 6, Quant Mutual Fund - Small Cap Fund purchased 2.63 million shares representing 0.52 per cent of the total equity of Jindal Stainless at Rs 182.97 apiece on the NSE.

Variable capital firms to boost India's fund management space, says Sahoo

Such entities have a variable capital base as they issues and redeems shares on an on-going basis. With every issue or redemption, the capital base of the VCC changes