Page 58 - Mutual Funds
LIC IPO: QIB portion including banks, MFs fully subscribed on last day
Against 3,95,31,236 reserved, 4,61,62,185 bids were received, reflecting a subscription of 1.17 times, according to data posted on stock exchanges at 12:12 pm
 "LIC IPO: QIB portion including banks, MFs fully subscribed on last day")
Free products and services win customers, paid ones help sellers monetise
Try to save cost on mode of investing, but it is usually not wise to scrimp on the cost of advice
 "Free products and services win customers, paid ones help sellers monetise")
Investors should expect further interest rate hikes: Debt fund managers
On Wednesday, 10-year government bond yields ended the day at 7.4 per cent, against Monday's closing of 7.1 per cent
 "Investors should expect further interest rate hikes: Debt fund managers")
Upstox doubles user base in six months to 10 mn on strong millennial push
Founded in 2009, Upstox had around one million customers in June 2020 and has grown 10x in less than two years, the company s
 "Upstox doubles user base in six months to 10 mn on strong millennial push")
LIC IPO: Over 70% of anchor allotment made to domestic mutual funds
LIC raises a total of Rs 5,627 crore in anchor book; overseas funds pour in just Rs 1,624 crore
 "LIC IPO: Over 70% of anchor allotment made to domestic mutual funds")
The big guns: Top 20 mutual funds held 4.5% cash in March, shows data
Total equity value for the top 20 AMCs increased 5.1 per cent month on month (MoM) and 35.6 per cent year on year (YoY) in March 2022
 "The big guns: Top 20 mutual funds held 4.5% cash in March, shows data")
Retail investors' shareholding in Paytm doubles, MFs buy more shares
Canada Pension Plan increases stake in digital payments company, as some other foreign funds leave.
 "Retail investors' shareholding in Paytm doubles, MFs buy more shares")
Stick to passive funds in your core portfolio, say analysts
Investors who wish to chase alpha may use active funds and factor-based funds in the satellite portfolio
Mutual funds add over 30 mn folios in FY22 on equity, digitisation rally
Increasing awareness about mutual funds digitisation and sharp surge in equity markets have aided asset management companies in FY22
 "Mutual funds add over 30 mn folios in FY22 on equity, digitisation rally")
BNP Paribas MF ceases to exist as mutual fund: Sebi
This comes after BNP Paribas Asset Management Company Private Limited (BNPP AMC) informed Sebi that it wants to surrender the registration granted to BNP Paribas Mutual Fund
 "BNP Paribas MF ceases to exist as mutual fund: Sebi")
MFs pump Rs 22,000 cr into stocks in March amid extreme market volatility
Among large-caps, Kotak Mahindra Bank, HDFC, ONGC and Maruti Suzuki among most-bought shares; ITC tops sell list
 "MFs pump Rs 22,000 cr into stocks in March amid extreme market volatility")
Number of asset management companies dip even as assets swell, shows data
The number of asset management companies (AMCs) - managing at least some AUM - have declined from 45 to 42
 "Number of asset management companies dip even as assets swell, shows data")
BSE's StAR MF platform sees record 3 mn single-day transactions on Monday
BSE's mutual fund distribution platform StAR MF processed a record 29.9 lakh transactions in a single day on Monday
 "BSE's StAR MF platform sees record 3 mn single-day transactions on Monday")
Smallest MFs fared worst in asset battle even as industry grew rapidly
Share of bottom 10 mutual funds has fallen to 20 bps as a proportion of assets in March 2022 from 62 bps in March 2016
 "Smallest MFs fared worst in asset battle even as industry grew rapidly")
Indian MF industry scores 'average' on fees and expense scorecard
In 2019, India's score improved from 'below average' to 'average', thanks to investor-friendly regulations introduced by the Securities and Exchange Board of India
 "Indian MF industry scores 'average' on fees and expense scorecard")
Planning a holiday? Tips on saving up for travel in a post-Covid world
Get a fix on your budget first; Then check the investment avenues that will help you cope with inflation and currency fluctuations between now and the day you eventually fly out
 "Planning a holiday? Tips on saving up for travel in a post-Covid world")
Equities to remain attractive bet in FY23: Srinivas Rao Ravuri, PGIM India
Despite record outflows of Rs 1.42 trillion in fiscal 2021-22 (FY22), PGIM India MF sees India as an attractive destination for foreign investors considering the long-term structural growth story.
 "Equities to remain attractive bet in FY23: Srinivas Rao Ravuri, PGIM India")
MFs: Sebi extends deadline for compliance with certain directions to July 1
Providing more time to fund houses, Sebi extended the deadline for implementing certain directions for mutual funds, including those pertaining to usage of pool accounts for transactions, to July 1.
 "MFs: Sebi extends deadline for compliance with certain directions to July 1")
Baroda BNP Paribas MF's Suresh Soni on markets and more
Baroda Mutual Fund and BNP Paribas Mutual Fund recently merged to become Baroda BNP Paribas Mutual Fund. Its CEO Suresh Soni spoke to Krishna Veera Vanamali on markets and the mutual fund industry
TMS Ep138: Oscars for OTT, Baroda BNP Paribas Mutual Fund, IPO, ransomware
Is vernacular the future of OTT in India? What is the outlook of Baroda BNP Paribas MF's Suresh Soni on markets? What is in store for the primary markets in FY23? What is ransomware? All answers here
 "TMS Ep138: Oscars for OTT, Baroda BNP Paribas Mutual Fund, IPO, ransomware")