Page 64 - Mutual Funds

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

Aditya Birla Sun Life AMC allots shares worth Rs 789 cr to anchor investors

Aditya Birla AMC is looking at valuations of Rs 20,500 cr in its IPO-the fourth by a domestic mutual fund house

Street signs: Hotels stocks on investors' radar, Aditya Birla MF GMP at 10%

Shares of Indian Hotel have rallied nearly 30 per cent in the past one month

Sebi's skin-in-the-game norms: Our demands remain unmet, say MF executives

This comes a day after Sebi tweaked the compensation circular, first issued in April, mandating fund houses to pay 20 per cent of the CTC to their key employees in the form of MF units

Mutual fund disclosure norms spoil REITs index inclusion party

Industry seeks special dispensation from regulator

Kotak Mahindra Bank to acquire 9.98% stake in KFin Tech for Rs 310 cr

KFin Technologies provides technology solutions across a broad spectrum of asset classes spanning mutual funds, alternative investment funds and pension funds

Indiabulls Housing gets CCI approval to divest mutual fund biz to Groww

Indiabulls Housing Finance (IBHFL) has received the CCI approval to divest its mutual fund business to Groww for Rs 175 crore

Edelweiss' IPO fund outperforms benchmarks in bumper year of listings

The fund run by Edelweiss Management Ltd. has returned 46% this year, according to the firm

45% mutual fund schemes didn't keep IPO buys for a year

Of the total IPOs issued in the last one year, 72 per cent were listed at a premium while 28 per cent opened at a discount

Credit risk funds top league table with 8.4% returns, shows data

This is thanks to economic revival, improving upgrades to downgrades ratio, say experts

Sensex rises 514 pts, Nifty ends above 17,200; RIL, TCS top contributors

TCS, HUL, Titan Company, UltraTech Cement, and Bharti Airtel hit their respective record highs on the BSE today

Zerodha gets in-principle approval from Sebi to start mutual fund business

In February 2020, the broking company had applied for the AMC license

Sebi may dilute certain clauses in controversial MF compensation circular

Regulator, industry gets into huddle ahead of October 1 deadline

BSE StAR MF registers 14.1 million transactions worth Rs 36,277 cr in Aug

BSE on Tuesday said its mutual fund distribution platform StAR MF has processed a record 14.1 million transactions worth Rs 36,277 crore in August

Sebi asks AMCs to disclose details of risk, performance of MF schemes

Markets regulator Sebi on Tuesday directed asset management companies (AMCs) to disclose details of risk and performance of mutual fund schemes in all disclosures, including promotional material

Domestic mutual funds remain strong buyers; FPI flows back in black

Domestic investors may lend support to markets in the event of any intermittent correction, say experts

Nippon India Money Market Fund: An outperformer with conservative style

The fund featured in the top 30 percentile of the money market funds category in CRISIL Mutual Fund Ranking (CMFR) for 10 consecutive quarters ended June 2021

Attractive though they are, scrutinise costs before you invest in Ulips

After the recent run up in equity markets, it would be prudent to opt for a mix of equity and debt funds

Franklin Templeton MF unitholders to get Rs 2,918 cr in sixth tranche

SBI Funds Management (SBI MF) will distribute the sixth tranche of over Rs 2,918 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes from September 1. After the payout, the total disbursement will reach Rs 23,999 crore, amounting to 95.18 per cent of assets under management (AUM) as on April 23, 2020, when the fund house announced to shut the schemes, a Franklin Templeton MF spokesperson said on Sunday. Under the first disbursement in February, investors received Rs 9,122 crore, while Rs 2,962 crore were paid to investors in April, Rs 2,489 crore in May, Rs 3,205 crore in June and Rs 3,303 crore in July. "SBI Funds Management Pvt Ltd (SBI MF) would be distributing the next tranche of Rs 2,918.5 crore to unitholders across all six schemes," the spokesperson said. The payment to all investors whose accounts are KYC compliant with all details available will commence from September 1, 2021, he said. The amount to be distributed to unitholders will be paid by

Changes in interest rates, liquidity to drive mkt: Nippon India MF's Bhan

Sailesh Raj Bhan says earnings in Q1 have been better than market expectations in sectors that have been supported by the recovery of global growth like IT services and metals