These are for long-term wealth; dynamic funds protect downside risk better
SEBI barred Franklin from launching any new debt schemes for two years after a probe into its sudden closure of six credit funds last year found serious lapses and violations
Says current NAV of each of the six schemes is higher than on April 23, 2020, the AUM on which date was considered while returning amounts to unitholders
All schemes were holding highly illiquid and large portions of low-rated securities. As a result, the fund house had challenges meeting the redemption requests
This was way higher than Rs 3,437 crore net inflow seen in April and Rs 9,115 crore in March, Amfi data showed on Wednesday
Shares of HDFC Asset Management Company (AMC) rose as much as 3.4 per cent, while those of UTI AMC and Nippon Life India AMC gained about 1.83 per cent and 1.33 per cent, respectively, on Tuesday
BSE StAR MF, India's largest mutual funds distributor platform, has signed a memorandum of understanding with Godavari Urban Multi State Credit Co-Op Society Ltd (GUMCCSL) at Nanded
Earlier limit was $600 mn; overall industry limit of $7 billion
Markets believe growth will revive in the latter half of FY22, says executive.
The category is volatile; take limited exposure to funds with quality portfolios
BSE said its mutual fund distribution platform StAR MF has processed a record 1.14 crore transactions worth Rs 30,938 crore in May
Investors should diversify into value funds, where managers look for margin of safety
The new norms were to come into effect from June 1.
Aditya Birla Sun Life AMC on Monday said it has received more than 88,000 applications garnering over Rs 1,900 crore for its new multi-cap scheme during the New Fund Offer (NFO) period. The new fund -- Aditya Birla Sun Life Multi-Cap Fund-- is an open-ended equity scheme investing across large cap, mid cap & small cap stocks, the asset management company said in a statement. The NFO was open between April 19 and May 3. The fund has reopened for subscription from May 10. "Despite the logistical challenges posed by the pandemic, we have attracted over 88,000 applications covering more than 9,600 pin codes across T30 and B30 markets. What is also noteworthy is the contribution coming from diversified channels across the board exhibiting our distribution strength as a fund house," A Balasubramanian, MD and CEO, Aditya Birla Sun Life AMC, said. According to him, the interest received in this new fund is also a reflection of the growing appetite of equity investments in the ...
Yet these schemes have run out of investors' favour since April 2020, especially after the Franklin Templeton episode
Industry players see this theme doing well going forward due to green shoots in some segments on the economy and govt's infra thrust
Make a small allocation, enhance exposure as more live data becomes available
People in the know said the regulator could water down the circular following challenges highlighted by the industry with regards to its implementation
The changes are likely during the half-yearly review undertaken by MF industry body Amfi during July first week
In active funds, you may miss out on potential winners if focus is only on expense ratio