Since April, the Rs 37-trillion MF industry has not rolled out a scheme due to delay in implementation of the new norms around pooling of investor funds that were to come into effect on April 1
Including mutual funds will be progressive
Mutual funds focused on investing in fixed-income securities witnessed a heavy outflow in June, driven by expectations around an increasing rate cycle, higher commodity prices and slowdown in growth
Experts say recent returns are a huge factor impacting incremental inflows into the market
'Our investment strategy has been to stay balanced between growth and value, with higher interest rates likely to make markets much more valuation-conscious than in the past few years'
The market regulator had sought public comments on whether the PIT Regulations need to be amended to also cover the MF industry.
WhiteOak Capital Mutual Fund, the new entrant to the mutual fund space, on Thursday announced the launch of its first new fund offering WhiteOak Capital Flexi Cap Fund. It is an open-ended dynamic equity scheme investing across large, mid, and small-cap stocks. The New Fund Offering (NFO) will open on July 12 and close on July 26. The minimum investment that can be made in the fund is Rs 500, the fund house said in a statement. The key objective of the scheme is to generate long-term wealth for investors by investing across the market capitalisation spectrum. The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies across major industries, economic sectors, and market cap segments. The exit load of 1 per cent on the New Asset Value (NAV) will be applicable only if the units are redeemed within one month from the date of allotment and 'nil' thereafter. Prateek Pant, Chief Business Officer of WhiteOak Capital Mutual Fund, said the fund
Amfi releases list of large, mid, and small-caps based on H1 stock price movement
Opt for a mix of shorter-duration, target maturity, and dynamic bond funds
Customers can avail instant loans of up to Rs 3 crore by pledging their equity and debt MF holdings on a mobile app
The yield on the 10-year government security on Friday ended at 7.42 per cent
We remain excited about the prospects of this business and remain committed to investing in its growth, said Edelweiss MF CEO
Among sector/thematic funds, technology funds are on average down 23.4 per cent year-to-date
The regulator has also prescribed a working group to examine whether measures towards any additional risk management are required to be prescribed for FPIs
At its board meeting, the watchdog also cleared amendments to regulations governing mutual funds and portfolio managers.
The long-awaited move is aimed at boosting liquidity and efficiency at domestic commodity bourses, even as concerns remain if this would make markets more volatile
Asset management companies are gearing up to launch new mutual fund schemes from July as capital markets regulator Sebi's ban on the introduction of new fund offerings nears its end
Edelweiss AMC on Monday said it has revoked the temporary suspension in seven of its international offerings with effect from June 21
Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of $7 billion for the industry
International funds have given negative returns of 17% in the last one year, while pharma and banking funds are down by 12.5% and 8.1% respectively