Page 66 - Mutual Funds

ICICI Pru MF reverses some NFO applications over gaps in investor consent

Fund house says transactions reversed without any loss to customers

Sailing through floater funds in a scenario of rising interest rates

Floater funds have given returns of over 5 per cent in the last one year

Mutual fund industry's AUM pegged to touch Rs 92 trillion by 2030

Gross household investments in MFs have grown at a compound annual growth rate (CAGR) of 27.3 per cent over FY13-20

Sebi proposes swing pricing in open-ended debt schemes to protect investors

Swing pricing refers to the process of adjusting a fund's NAV to effectively pass on transaction costs stemming from either inflows or outflows from the schemes

Sebi moves Supreme Court against SAT order on Franklin Templeton

Sebi has moved SC against June 28 order of SAT which stayed its decision to bar Franklin Templeton from launching new debt schemes for two years and had asked the fund house to refund over Rs 512 cr

Fintechs make their presence felt in MF space, see sharp growth in assets

Ease of access, innovative analytical tools and lower investing cost helping them score over traditional players

Mutual funds go on a shopping spree in June as market hits new highs

After remaining largely inactive in May, equity fund managers pumped in Rs 6,437 crore into domestic stocks

MFs see record SIP registrations in June at 2.13 mn on strong equity show

Market participants say under the pandemic SIPs have become a key component of investors' portfolios and even the trading class have started taking to them

Investors raise exposure to equity funds amid pandemic: Cafemutual Survey

38% of MF distributors say their clients have hiked exposure to equity funds since last March, 16% said their clients have become risk averse, 46% say no change

Investors need to adopt a barbell strategy for debt-oriented funds: Experts

Keep bulk of your portfolio in low-risk funds; chase returns in residual portion if you have the capacity

Inflows in equity MFs drop from 14-month high in May to Rs 5,988 cr in June

Apart from equities, investors put in Rs 12,361 crore in hybrid funds in the month under review. This included Rs 9,060 crore in arbitrage funds

MFs to focus on stronger inclusion of investors from deeper geographies

India has witnessed tremendous growth in its mutual funds industry that has grown from Rs 1.13 lakh crores to Rs 31.7 lakh crores in AUM from March 2000 to February 2021.

Amfi rejig: NMDC, SAIL, BoB, 4 other stocks enter large cap category

Changes will apply from July-December 2021; newly-listed companies India Railway Finance, Macrotech, Indigo Paints and Sona BLW Precision Forgings enter mid-cap category

Equity mutual funds may see net inflows for fourth straight month

Market participants say that redemption pressure has slowed down, and new sales have gone up substantially in the month of June

Sebi fines IL&FS, AFSPL for fraudulent MF transactions

The Securities and Exchange Board of India (SEBI) has fined IL&FS Securities Services Ltd and Allied Financial Services Pvt Ltd (AFSPL) over involvement in fraudulent transfer of mutual fund units from client's accounts.

Index funds under focus as Navi MF looks to disrupt the market

NFO for Navi Nifty 50 Index Fund opens July 3; scheme will have expense ratio of just 0.06% under the direct plan and 0.26% under regular plan which is bought through an intermediary

SAT grants interim relief to Franklin Templeton MF, partly stays Sebi order

In a 100-page order, Sebi has rapped the fund house for "several irregularities" in the running of its six debt schemes that were wound up in April 2020

Regulator may ask asset management firms to go slow on thematic schemes

Some themes aggressively pursued by fund houses include environmental, social and governance (ESG), international funds, and other innovative ETFs in the equity, as well as debt segments

Only savvy investors should enter into floating-rate funds: Analysts

Select a debt fund whose average duration is lower than the investment horizon

Rectifying mismatch between 26AS, Form 16 crucial before filing returns

Taking excess credit during ITR filing could lead to notice from tax dept