Page 62 - Mutual Funds
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.
 "Sebi strengthens MF norms; winding up of schemes after unitholders' consent")
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
 "Taxation of ULIP proceeds to create level-playing field with MFs: I-T dept")
Overseas investment cap for domestic mutual funds may be doubled
Sebi may raise the industry-wide limit from $7 bn to $12-15 bn
 "Overseas investment cap for domestic mutual funds may be doubled")
DSP Mutual Fund launches global NFO: Check details here
The key investment theme would be identifying companies that have innovative thinking
 "DSP Mutual Fund launches global NFO: Check details here")
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
 "Floater funds see outflows as liquidity turns tight, shows data")
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
 "Picking the right Mutual Fund for investment in 2022")
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
 "TMS Ep86: Retail strategies, future workplace, MF selection, FRBM Act")
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
 "Equity-oriented funds drive MF assets to record high in 2021: Report")
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 .
 "Yes Mutual Fund rechristened as White Oak Capital Mutual Fund")
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
 "Equity MFs see net inflows of Rs 25K crore in December, shows data")
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
 "MF disclaimers should flow at same speed as rest of ad: Piyush Goyal")
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
 "Top headlines: Omicron brings curbs back, MF industry assets surge 30%")
Mutual fund industry assets surge 30% to Rs 36.17 trillion, shows data
Top players, such as Axis MF, Nippon India MF, and Kotak Mahindra MF, grew their AAUM by 32-43 per cent in a year
 "Mutual fund industry assets surge 30% to Rs 36.17 trillion, shows data")
2022 to see tepid FPI flows into equities, MF flows to stay intact: Experts
Between Jan-Nov 2021, equity funds saw net inflows of around Rs 71,600 cr, while FPIs remained net buyers to the tune of 24,143 cr
 "2022 to see tepid FPI flows into equities, MF flows to stay intact: Experts")
ICICI Prudential MF silver ETF to open for subscription next week
The new fund offer (NFO) will open for subscription on January 5 and conclude on January 22
 "ICICI Prudential MF silver ETF to open for subscription next week")
Domestic mutual funds' foreign holdings balloon 229%, shows data
Top 10 holdings account for more than 50% of assets
 "Domestic mutual funds' foreign holdings balloon 229%, shows data")
Rs 800 crore still stuck in multiple segregated mutual fund portfolios
The steps are taken to ensure fair treatment to all investors affected by the security
 "Rs 800 crore still stuck in multiple segregated mutual fund portfolios")