Page 53 - Mutual Funds

Red-hot defence stocks may have more legs to run, say analysts

The growth has come on the back of healthy growth in the order books of defence companies amid the government's focus on indigenisation and surge in exports

MFs see rise in redemption pressure amid spike in inflows across categories

The comparatively high growth in outflows has weighed on the net inflows in equity and hybrid schemes between June and August

Fund houses rush to acquire talent as tightening of compliance rules weighs

New hires demand compensation beyond standard hikes to make up for impact on take-home pay due to the skin-in-the-game norms; seasoned professionals quit in droves

AMCs to freeze non-PAN card MF portfolios from April 2023, says AMFI

Restrictions on redemptions from such accounts is already in place since 2019

Net inflows into equity MFs jump 130% to Rs 14,100 crore in September

SIP inflows surged 2 per cent month-on-month (MoM) in September to Rs 12,980 crore, according to the latest data released by the Association of Mutual Funds in India (Amfi).

Modest traction for MF Central in first year, phased rollout cited

The common platform for MF transactions logs 350,000 registrations and 10,000 monthly logins

Uphill task for MFs to top FY22 figures as asset growth moderates in H1FY23

Average AUM rises 2%, against a 20% increase in full-year FY22

If Nifty50 falls below 16,500 mark, it will be a short-term bearish signal

The 200-DMA is generally a good indicator of a long-term trend

Sebi makes OTP validation a must for mutual fund investments from FY24

According to a circular issued by the markets regulator on Friday, investors will have to authenticate new investments in mutual funds through a one-time password from April 1, 2023.

Mutual funds, DIIs turn net buyers as market falls; FPIs net sellers

Foreign investors pull out Rs 12,000 crore after pumping in Rs 60,000 crore in July, August

Sebi extends two-factor authentication for MF subscription transactions

In order to further safeguard interest of investors, capital markets regulator Sebi on Friday decided to extend the two-factor authentication for subscription transactions in units of mutual funds. The new framework will come into effect from April 1, 2023, the Securities and Exchange Board of India (Sebi) said in a circular. At present, all asset management companies (AMCs) are required to authenticate redemption transactions using two-factor authentication for online transactions and signature method for offline transactions. "It has now been decided to extend the Two-Factor Authentication for subscription transactions in the units of mutual funds as well," Sebi said. In case of subscription and redemption of units, two-factor authentication (for online transactions) and signature method (for offline transactions) will be used for authentication. One of the factors for such authentication for non-demat transactions will be a one-time password sent to the unit holder at his/her e

No online transactions in MF folios with wrong phone numbers from Oct: CAMS

According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.

Demand for 3-bedroom homes higher than other choices for first time: Report

Housing market better investment option than it was 12 months ago, respondents tell CII-ANAROCK Consumer Sentiment Survey

Mutual funds' share in household savings jump 150% in FY22: RBI data

Retail investments in MF rise as flows into bank deposits drop

Top AMCs see share of less-profitable passive schemes double in 3 years

Of every Rs 100 AUM of top 10 fund houses, ETFs and index funds accounted for Rs 14 in the first quarter of FY23

Share of direct plans in SIPs rises to 31% in three years, shows data

But their share in SIP AUM hasn't grown proportionately; 'regular' plans still dominate despite higher expense ratio

Transparency as antidote to conflict of interest

Far from being a hindrance to our practice, transparent disclosure of conflict of interest is a powerful tool that has helped us gain clients' trust

MFs add 7 mn accounts in 5 months of FY23 as awareness, digital access rise

With increase in digital access and growing awareness about mutual funds, asset management companies (AMCs) have added close to 70 lakh investor accounts in the first five months of the current fiscal, bringing the total to 13.65 crore. This came following an addition of 3.17 crore investor accounts in 2021-22 and 81 lakh accounts (or folios in mutual fund parlance) in 2020-21, data with the Association of Mutual Funds in India (Amfi) showed. The sharp increase in mutual fund (MF) folio count implies that a lot of new investors are coming into the capital markets and are embracing mutual funds as their preferred vehicle for investing. "Demonetisation led financialisation of household savings, further propelled by pandemic led lockdown, generational shift in risk appetite and saving pattern, systematic investment plans becoming way of life and a long term structurally bullish market are primary reason for increasingly larger number of investors investing in mutual funds," said Akhil

Amfi to block MF distributors indulging in 'splitting of transactions'

Amfi shall take necessary action i.e. blocking of such MF distributors for a period of six months: Sebi

Top headlines: IPO disclosure norms, moonlighting, telecom bill, and more

From the provisions in the new telecom bill to Sebi coming up with disclosure norms for IPOs of new-age companies, here are the top headlines on Friday