Page 75 - Mutual Funds

MFs selling spree continues; withdraw Rs 30,760-cr from equities in Nov

Foreign Portfolio Investors (FPIs) have put in over Rs 1.08 lakh crore in the Indian equity markets during January-November period of 2020

MFs storm market with 47 new equity offerings mopping up Rs 9,000 cr

10 NFOs are closing this month; list features over a dozen passive schemes, including index funds and ETFs that have gained popularity among investors

Franklin Templeton urges investors to vote for winding up of 6 schemes

The Supreme Court had directed Franklin Templeton Mutual Fund to seek consent of the unit-holders for winding up six debt schemes.

'It is a good time to look at non-US, global equity investing'

"We have been positive on sectors such as power, telecom, and metals & mining for some time now," says Nimesh Shah, managing director and chief executive officer at ICICI Prudential AMC.

Mutual funds set to turn net sellers of equities after 6 years of buying

On a year-to-date basis, domestic funds have offloaded equities worth more than Rs 20,000 crore On a year-to-date basis, domestic funds have offloaded equities worth more than Rs 20,000 crore

IT and telecom will do well in the medium term: Vinay Paharia of Union AMC

In a Q&A, Paharia says the economy is expected to recover sharply driven by base effect and pent-up demand, and that govt's 'AtmaNirbhar' packages are likely to provide a fillip to manufacturing

RBI rejects Muthoot Finance's proposal to acquire IDBI Mutual Fund

The RBI has turned down the proposal of Muthoot Finance to acquire IDBI Bank's mutual fund business, saying sponsoring a mutual fund is not in consonance with the activity of an operating NBFC. According to a regulatory filing by IDBI Bank on Tuesday, a share purchase agreement with regard to sale of IDBI Mutual Fund to Muthoot Finance was signed on November 22, 2019. "The agreement was entered into by and between Muthoot Finance, IDBI Bank, IDBI Capital Markets & Securities, IDBI Asset Management and IDBI MF Trustee Company...for acquisition by Muthoot Finance of 100% equity shares of IDBI Asset Management held by IDBI Bank and its nominees and IDBI Capital Markets & Securities, and 100 % equity shares of IDBI MF Trustee Company held by IDBI Bank and its nominees," it said. This was subject to receipt of necessary regulatory approvals from the Securities and Exchange Board of India (Sebi) and other regulators. "As advised by Muthoot Finance, we (IDBI Bank) would like to ...

Fund managers ask govt to take steps for addressing poor show by PSU stocks

Many stocks in this group are grossly undervalued, the fund managers told the Centre

Lakshmi Vilas Bank depositor? Spread deposits across banks to lower risks

If you hold an account at Lakshmi Vilas Bank, which has been placed under a moratorium restricting withdrawal of more than Rs 25,000, you must have many queries. We try to answer some of them.

T Rowe Price signs agreement to acquire majority stake in UTI Trustee

The deal will give it over 51 per cent stake in the trustee even as the stake of three public sector shareholders will fall to under 10 per cent in UTI Trustee Company

Franklin Templeton MF's six shut schemes garner Rs 941 cr in fortnight

Franklin Templeton MF shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market

MF assets soar 4.5x in past decade, likely to sustain growth in the future

In the past decade, the equity-debt mix has largely remained constant, with the former contributing to around 28 per cent of the AUM.

Mutual funds' October report: Financial stocks out, pharmaceuticals in

The sector remains underweight on banking and financial stocks, reducing positions in HDFC Bank (Rs 1,073 crore), HDFC Ltd (Rs 895 crore), and Axis Bank (Rs 647 crore)

Indians may soon be able to tap LRS route for MF, AIF play in Gujarat IFSC

A 7-member committee recommended a host of measures for enhancing retail participation in the IFSC

Mutual funds' share in CPs of NBFCs dips to 3.2% of debt assets in Sept

This figure stood at 9.5 per cent in September 2019, according to report by CARE Ratings

Sebi directs open-ended debt MFs to maintain 10% liquidity buffer

Cash, government securities, treasury-bills and repo on government securities qualify as 'liquid assets'

Mutual funds see record outflow in October; may turn net sellers in 2020

Analysts attribute this withdrawal trend to the nervousness ahead of US presidential elections and the fact that the markets raced ahead even as the economic recovery remained fragile back home

Sebi doubles foreign investment limit for individual fund houses to $600 mn

The regulator has also quadrupled the quantum of investment that individual fund houses can make in overseas exchange traded funds to $200 million from $50 million at present

Top headlines: Trump sues in 3 states, Saudi fund to invest in RIL unit

From S&P downgrading Tata Motors to Trump suing in 3 states to contest US election result, Business Standard brings you top news of the evening

Job losses, salary cuts hit SIP continuation by MF investors: Survey

Sixty two per cent of mutual fund distributors (MFDs) reported that they saw some pause (58 per cent) or widespread pause (4 per cent) in SIPs