Page 60 - Mutual Funds

Fund managers see yields falling in a few days, MF returns rising

RBI status quo on rates sets it apart from most other central banks, which aren't only normalising liquidity but raising interest rates to tame inflation

Equity mutual funds log Rs 14,888-cr net inflow in January: Amfi data

However, this was much lower than the net inflow of Rs 25,077 crore witnessed in December

Sebi lays guidelines for MFs with respect to Indian Accounting Standards

Capital markets regulator Sebi came out with guidelines for asset management companies (AMCs) with respect to following Indian Accounting Standards (Ind AS)

Gold demand likely to reach pre-Covid levels in 2022: Quantum MF

Demand for gold is expected to reach pre-Covid-19 pandemic levels in 2022 aided by higher savings, increased mobility and stable price levels, said Chirag Mehta at Quantum Mutual Fund.

Axis Mutual Fund eyes Rs 100 cr from new equity ETF fund of funds

Axis Mutual Fund is targeting to collect Rs 100 crore from its new equity ETF fund of funds during the primary subscription period, which opens on February 4 and closes on 18. The open-ended fund of fund scheme will predominantly invest in units of domestic equity ETFs and is looking to collect Rs 100 crore during the subscription period, Raghav Iyengar, chief business officer at the fund house, told PTI on Wednesday. The fund will track the Nifty 500 stocks and will be managed by Shreyash Devalkar, the fund house said. ETFs are one of the most popular vehicles of investing in passive strategies as they replicate the portfolio of the underlying index while trading in bite-sized units on an exchange at market prices. In the past three years, equity ETFs AUM has increased more than three times. Since different sectors and market segments perform differently at different times, the new FoF's investment approach is designed to allocate dynamically across market cap and sectoral/ themat

Sebi strengthens MF norms; winding up of schemes after unitholders' consent

Sebi has made it mandatory for trustees of mutual funds to obtain the consent of unitholders when majority of trustees decide to wind up a scheme.

Taxation of ULIP proceeds to create level-playing field with MFs: I-T dept

Proceeds of high-premium Unit Linked Insurance Plans (ULIPs) has been made taxable to create a "level-playing field" with mutual funds, official sources said

Overseas investment cap for domestic mutual funds may be doubled

Sebi may raise the industry-wide limit from $7 bn to $12-15 bn

DSP Mutual Fund launches global NFO: Check details here

The key investment theme would be identifying companies that have innovative thinking

Floater funds see outflows as liquidity turns tight, shows data

In the past year, floater funds have on average given returns of 3.79 per cent, lower than other categories like low duration funds, short duration funds, and medium duration funds

Picking the right Mutual Fund for investment in 2022

If you want to avoid the volatility and steadily create wealth, mutual funds can be a safer bet. This report tells you the nuances of selecting a Mutual Fund that's best for you now

TMS Ep86: Retail strategies, future workplace, MF selection, FRBM Act

How are retailers strategising to cope with the pandemic? What does the future of 'work' look like? How to pick the right Mutual Fund for investment? What is the FRBM Act, 2003? All answers here

MFs pump in Rs 3,400 crore in fresh issuances in December, shows data

Among existing holdings, major additions were seen in ICICI Bank, Wipro, Infosys, and HDFC Bank.

Equity-oriented funds drive MF assets to record high in 2021: Report

Driven by a surge in inflows into equity-oriented funds, assets under management of mutual funds surged to a record high of Rs 37.73 trn in 2021, up 22% from that in the previous year

Yes Mutual Fund rechristened as White Oak Capital Mutual Fund

Yes Asset Management's name has been changed to White Oak Capital Asset Management with effect from January 12. Further, Yes Mutual Fund will now be called White Oak Capital Mutual Fund, Aashish P Sommaiyaa, Chief Executive Officer of White Oak Capital, announced in a tweet on Thursday. He, further, said: "WhiteOakCap has filed equity MF offer documents for regulatory approval". Founded by Prashant Khemka, formerly CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets Equity businesses, White Oak Capital group provides investment management and advisory services for equity assets of over Rs 42,000 crore. In November, White Oak Capital group announced the completion of the transaction to acquire the mutual fund business of Yes Bank. GPL Finance and Investments, a subsidiary of White Oak Capital group, had received capital markets regulator Sebi's approval to acquire Yes Asset Management from Yes Bank in September. In August 2020, the private lender had .

Assets of passive funds surge 60% to Rs 4.7 trillion in 2021, shows data

The passive schemes include index funds, exchange-traded funds (ETFs), and fund of funds (FoFs) investing overseas

Equity MFs see net inflows of Rs 25K crore in December, shows data

Tally for 2021 rises to Rs 97,000 cr; monthly SIP contributions rise to Rs 11,305 cr

Competition increases in flexi-cap funds category, shows data

The net assets under management of the flexi-cap category ballooned from Rs 75,600 crore in January 2021 to Rs 2.14 trillion as of November 2021

MF disclaimers should flow at same speed as rest of ad: Piyush Goyal

The commerce minister, who also holds the consumer affairs portfolio, added that he is willing to change the regulations if needed

Top headlines: Omicron brings curbs back, MF industry assets surge 30%

India questions China's developing country status on per capita basis. Read more about that in today's top headlines