Page 73 - Mutual Funds

MFs' selling spree continues, pull out Rs 12,980 cr from equities in Jan

Continuing the selling spree for the eighth consecutive month, mutual funds pulled out Rs 12,980 crore from equities in January as surge in markets provided an opportunity to book profits.

Franklin Templeton MF's six shut schemes get Rs 14,391 crore so far

Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 14,391 crore from maturities, pre-payments and coupon payments since their closing down in April.

Mutual Fund investment in REITs jumps six-fold to Rs 3,972 cr in 2020

REIT seems to have finally gaining popularity among investors, with mutual funds investing a staggering Rs 3,972 crore in such units in 2020, a six-fold jump from the preceding year.

Over 10 MFs may go Franklin Templeton way causing Rs 15 trn loss: CFMA

Urging the Supreme Court to come to the rescue of people who had invested in now-closed Franklin Templeton schemes, investors' body CFMA on Saturday claimed more than 10 mutual funds may otherwise go the same way creating an MF pandemic comparable to the US subprime crisis. In a press release, CFMA (Chennai Financial Markets & Accountability) said the judiciary is the only hope for over three crore unitholders of various mutual fund schemes in the country, including those who had invested in Franklin Templeton schemes. Without disclosing the source of its information to back up its claim, CFMA said it has learned that more than 10 other mutual funds want to put their losses on unitholders' heads and are only waiting for the Supreme Court verdict. The apex court is hearing pleas, including one filed by Franklin Templeton against a Karnataka High Court order that stopped the fund house from winding up its debt fund schemes without the prior consent of the investors. Franklin ...

Watch out for changes in style, mandate if a new fund manager takes over

Sebi's rule of one fund per category can trigger merger and reclassification of schemes after a takeover

MF industry will grow at 20% CAGR for the next five years: Amfi CEO

In a Q&A, N S Venkatesh says there are enough inefficiencies in the market right now, which will help fund managers generate alpha over the index

Franklin Templeton: Will first deal with e-voting objection, says SC

Earlier, the apex court had asked the Securities and Exchange Board of India (Sebi) to appoint an observer for overseeing the e-voting process

Securitisation volume crosses Rs 26,000 crore in Q3: Crisil report

More originators entered the market and mutual funds started investing in new issuances, says a report

Bright days ahead for India, emerging market equities in 2021 and beyond

The performance of Indian equities will mirror a larger trend of EMs doing better than developed markets

Retirement funds can nudge investors to save: Who should opt for them?

The disciplined ones can accumulate for this crucial goal, using equity, debt funds, and NPS

Mis-selling, dividend tax change spur outflows from hybrid funds

Last year, the category saw outflows of over Rs 24,000 crore, data from the Association of Mutual Funds in India (Amfi) shows

Apollo Hospitals opens QIP with floor price of Rs 2,508.58 a share

Sources said that the hospital chain is targeting large Domestic Mutual Funds, Sovereign Funds

Top investor association objects to Franklin's voting process on six funds

Seeks proportional representation of unitholders in letter to regulator

Mutual Funds prune BFSI and FMCG exposure in December, shows data

In December, MFs sold equities worth about Rs 37,000 crore, while FPIs bought Rs 50,000 crore worth of equities in the secondary market

Trust MF launches maiden new fund offering: All you need to know

It will remain open for subscription from January 15-27, and be managed by Anand Nevatia along with Sandeep Bagla, CEO of Trust AMC

Worried about valuations? Go for a balanced advantage fund, say experts

Investors who run an asset-allocated portfolio with periodic rebalancing can manage without them

ICICI Prudential MF floats open-ended scheme based on business cycle

The fund will employ a top-down approach using macro indicators such as inflation, growth, and deficit, and scout for opportunities in the Nifty 500 universe. The NFO closes on January 12

Equity schemes see outflow for 6th month on surge in profit-booking

Outflows surpassed Rs 33K crore between July and December

Aditya Birla Sun Life MF expects Nifty to grow 10-12% over 3 years

A weak dollar and strong commodity prices augur well for emerging markets (EMs)

Union AMC aims to double assets base to Rs 10,000 crore this year

The fund house has more branches, workforce, and num­ber of customers at its disposal thanks to the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India (UBI) last year