Page 63 - Mutual Funds

BFSI Insight Summit: MF institutional structure needs rethink, says Thorat

Under the current framework, an MF has three main pillars -- sponsor, trustee, and AMC

BS BFSI INSIGHT SUMMIT | Sessions on Mutual Funds and Markets

Watch Business Standard's BFSI Insight Summit as the best minds of the industry engage in a stimulating conversation on mutual funds and markets > >

BSE StAR MF hits new highs, processes 2.65 mn transactions on Nov 8

Leading stock exchange BSE on Tuesday said its mutual fund distribution platform StAR MF has processed a record of 26.52 lakh transactions in a single day on Monday. It surpassed its previous best single-day record of 24.08 lakh transactions registered on September 13, the exchange said in a statement. Snehal Dixit, Business Head-Mutual Funds BSE StAR MF, said that numbers are an indication of growth at every level. It's a good sign as investors are getting educated, doing a variety of transactions like purchase, switch, redemption, on StAR MF platform. "We expect to see investments growing further with increased number of transactions, long-term investment approach and asset allocation across multiple MF schemes. Imparting more knowledge through creating awareness is one of the objectives of StAR MF platform," she added. In October, BSE StAR MF processed a record 1.6 crore transactions worth Rs 42,927 crore. The previous monthly record of 1.52 crore transactions was achieved in ..

Equity MFs attract Rs 40,000 cr in Sep qtr on strong inflow in NFOs

The inflow pushed the asset base of equity mutual funds (MFs) to Rs 12.8 trillion by September-end, from Rs 11.1 trillion at the end of June

SBI Balanced Advantage Fund AUM crosses Rs 20,000 cr-mark

The Balanced Advantage Fund (BAF) raised Rs 14,676 crore through its new fund offering (NFO) in August

Sebi brings framework to have uniformity in benchmarks of MF schemes

For thematic or sectoral schemes, Sebi said there would be a single benchmark as characteristics of the schemes are already tapered according to the theme/sector

SREI Mutual Fund ceases to exist as a mutual fund, says Sebi

The regulator has accepted the request for surrender of certificate of registration of SREIMF.

Amid IRCTC stock price drop, equity schemes' net asset value takes a hit

Equity funds collectively held Rs 2,879 cr worth of IRCTC shares at the end of September

Mirae Asset Mutual Fund's AUM crosses Rs 1-trillion mark

Fund house plans to strengthen its debt offerings

Floating rate funds can cushion interest rate volatility: Rahul Goswami

Goswami says case for normalisation of monetary conditions is starting to pick up pace, and next step will be to narrow the policy rate corridor closer to pre-pandemic level

Gift a financial instrument and watch its value grow over the years

Keep in mind that gifts of above Rs 50,000 from non-relatives are taxable in the recipient's hands, except during a wedding

India logs over Rs 10,000 cr of monthly mutual fund inflows in market boom

Inflows into mutual funds from regular contributions through systematic investment plans, or SIPs, hit an all-time high of 103.5 billion rupees ($1.4 billion) in September

MFs assets under management jumps to nearly Rs 37 lakh cr in Sep: Amfi

Driven by record inflows into SIPs, overall mutual funds industry's assets under management jumped to nearly Rs 37 lakh crore in September, registering an over 33 per cent growth, according to Amfi

BSE StAR MF logs net equity inflow of Rs 6,396 crore in September

Mutual funds distributor platform BSE StAR MF registered a net inflow of Rs 6,396 crore in equity schemes in September, BSE said on Friday

Sebi asks MFs to direct more trades towards RFQ platform on exchanges

The higher limits will come into force with effect from December 1

86% of large-cap MFs underperformed indices in year to June 2021: Report

Eighty six per cent of large-cap equity schemes of mutual funds underperformed the indices during the one year to June 2021, which witnessed one of the strongest rallies in the markets, a report said on Monday. The scenario was not different in mid-cap and small-cap schemes of MFs either, which witnessed 57.1 per cent of the schemes trailing the movement in the respective benchmarks, S&P Indices Versus Active (SPIVA) said in its half-yearly report. Markets have had a phenomenal run since April 2020, fuelled by easy liquidity conditions created the world over following the pandemic, and concerns have been raised about the financial market euphoria being de-linked from actual economic activity on the ground. The report said over longer horizons as well, majority of the actively managed funds in India underperformed their respective benchmarks. Over a five-year period ending in June 2021, 82.7 per cent of large-cap, 76.2 per cent of small/mid-cap and 69.6 per cent of equity linked ...

What are exchange traded funds (ETFs)? - Decoded

What are ETFs: Warren Buffett understands stock picking is not everyone's cup of tea. He says most average long-term investors will benefit from low-cost index funds or ETFs. Here's an explainer

BSE StAR MF registers 15.2 mn transactions worth Rs 35,242 cr in Sep

Leading stock exchange BSE on Thursday said its mutual fund distribution platform StAR MF has processed a record 15.2 million transactions worth Rs 35,242 crore in September

Sebi rolls out swing pricing to protect debt mutual fund investors

Mechanism will kick in at times of market dislocation

Sebi introduces swing pricing mechanism for debt mutual fund schemes

Capital markets regulator Sebi on Wednesday decided to introduce a swing pricing mechanism for open-ended debt mutual fund schemes, a move that will discourage large investors from sudden redemptions. To begin with, the swing pricing framework will be made applicable only for scenarios related to net outflows from the schemes, the Securities and Exchange Board of India (Sebi) said in a circular. The mechanism will be a hybrid framework with a partial swing during normal times and a mandatory full swing during market dislocation times for high risk open-ended debt scheme. The new framework, aimed at ensuring fairness in treatment of entering, exiting and existing investors in mutual fund schemes, particularly during market dislocation, will be applicable from March 1, 2022. Generally, swing pricing refers to a process for adjusting a fund's net asset value to effectively pass on transaction costs stemming from net capital activity to the investors concerned. In a liquidity-challeng