Page 89 - Mutual Funds

10% TDS only on dividend payment by mutual funds, clarifies CBDT

CBDT clarification removed uncertainty over treatment of capital gains

I-T dept says 10% TDS only on dividend payment by mutual funds

It went on to state that necessary clarification, if required, shall be proposed in the relevant provision of the law

Budget a lost opportunity to revive growth: UTI AMC's Vetri Subramaniam

'Markets and the economy are never utter perfect equilibrium.'

Budget 2020: Insurers, mutual funds fear impact from tax code nudge

Investors will have to forego tax benefits on several products if they switch to new regime

No fresh investment, redemption for mutual fund investors on Budget day

Investors through equity and derivatives can participate but investors through mutual funds will not be able to participate

Mutual funds add 6.8 million folios in 2019 taking tally to 87 million

Folios are numbers designated to individual investor accounts. An investor can have multiple folios

HDFC AMC sees 27% spike in profit; holds 14.4% market share in MF industry

Improving mix of equity products is positive for an AMC as equity products offer higher management fees than fixed income products.

Vodafone Idea's troubles over spectrum dues casts shadow on more MF schemes

Mutual funds' overall debt exposure to Vodafone Idea stood at Rs 3,389 crore in December 2019

AGR verdict aftermath: MFs, PFs brace for storm over Vodafone Idea debt

MFs have already started to mark-down their debt exposure following S's decision to reject review plea of the telecom companies on AGR dues

Finance ministry exempts mutual funds from foreign-investor status

Govt has modified circular that classified MFs as investment vehicles

MF group pitches for debt-linked saving schemes with tax benefits in Budget

It further proposed that investments up to Rs 1.5 lakh under DLSS be eligible for tax benefit, subject to a lock in period of 5 years.

Ahead of Budget, Mutual funds' exposure to banks, financials sees a rise

The value of MF holdings in in ICICI Bank increased by Rs 2,900 crore in December

Inflation may haunt long duration funds; experts warn of impact on MFs

Such schemes are more sensitive to interest-rate scenario that can change due to high inflation

Mutual fund registrar and transfer agents eye growth in AIFs, insurance

Fee cuts in MFs to have 4-5% impact on pricing

SIPs start showing signs of weakness as closure ratio climbs to 61% in Dec

At 591,000, December saw the highest number of SIPs being discontinued in the current financial year

As REITs, InvITs catch investors' fancy, MFs pour in Rs 12,000 cr in 2019

Fund managers infused Rs 670 crore in real estate investment trusts (REITs) and Rs 11,347 crore in infrastructure investment trusts (InvITs) last year

Insurers stay on sidelines as Mutual Funds step up purchase of shares

Insurers bought shares worth Rs 42,000 cr in 2019, while MFs spent Rs 53,000 cr

MFs post 3x surge in equity flows in Dec, SIP contribution at all-time high

Tally still 31 per cent lower than 12-month average

Sebi may tweak norms to allow more flexibility to equity fund managers

In October 2017, Sebi came out with the scheme classification norms to ensure that mutual fund schemes make investments in-line with their stated scheme mandate

Top mutual funds maintain leadership, smaller players lose assets

For Indiabulls MF, its AUM declined 61 per cent YoY to Rs 1,452 crore in the quarter