Page 6 - Retail Investors
Average ticket size of mutual fund investor falls to Rs 68,321 in FY23
Mutual funds as an investment vehicle have gained popularity among investors, although the average ticket size of retail investors have dropped by close to 3 per cent to Rs 68,321 in March this year. The retail investors had an average account size of Rs 70,199 as of March 2022 as compared to average account size of Rs 68,321 at the end of March this year, according to data published by Association of Mutual Funds in India (Amfi). On the other hand, institutional investors had the highest ticket size at Rs 10.11 crore per account during the period under review. In terms of schemes, the average ticket size is relatively higher for liquid and debt oriented schemes, which are primarily dominated by institutional investors. The average ticket size for debt oriented schemes was Rs 14.53 lakh, while the same for equity oriented funds was Rs 1.54 lakh. Generally, equity assets have a longer average holding period as compared to non-equity assets with 45 per cent of equity assets having b
 "Average ticket size of mutual fund investor falls to Rs 68,321 in FY23")
Avalon Tech, largest IPO so far this calendar year, subscribed 8% on day-2
Issue closes tomorrow; firm had allotted shares worth Rs 389 cr to anchor investors Nomura Trust, Ashoka India Opportunities Fund, Goldman Sachs and Neuberger Berman
 "Avalon Tech, largest IPO so far this calendar year, subscribed 8% on day-2")
IPO of Avalon Technologies subscribed 3% on first day of issue
The retail investor portion of the issue was subscribed 16 per cent
Steep decline in new mutual fund investors in FY23, shows data
Number for 11 months stands at 3.7 mn against nearly 10 mn last year
 "Steep decline in new mutual fund investors in FY23, shows data")
Indian markets may underperform in 2023; buy the dips: CJ George
The direct investment in the cash segment by retail investors continues to be muted
 "Indian markets may underperform in 2023; buy the dips: CJ George")
Investors give a thumbs-up to Tech Mahindra's choice of Gurnani's successor
However, amid high hopes, new CEO Mohit Joshi has his task cut out in improving product mix, margins, deal wins, et al
 "Investors give a thumbs-up to Tech Mahindra's choice of Gurnani's successor")
Retail play in equities cash segment dwindles amid heightened volatility
Share of retail in cash segment down over 10 percentage points in one year; but activity spikes in options
 "Retail play in equities cash segment dwindles amid heightened volatility")
Sebi aims to prune costs further for MF investors, may bring GST under TER
May also include transaction costs within total expense ratio instead of allowing it as cost of investment, say sources
 "Sebi aims to prune costs further for MF investors, may bring GST under TER")
Demat additions in Jan hit six-month high to take total past 110 mn
Nearly 2.2 mn new accounts added despite turbulence in the market
 "Demat additions in Jan hit six-month high to take total past 110 mn")
Decoded: What exactly is a public float and why is it so important?
Shares held by non-promoters are called public float or public shareholding
 "Decoded: What exactly is a public float and why is it so important?")
Will Budget 2023-24 be populist or pragmatic? Brokerages weigh in
Budget to focus on rural India, capex, and manufacturing push, as well as prioritising macro stability
 "Will Budget 2023-24 be populist or pragmatic? Brokerages weigh in")
Rs 20,000-crore FPO to increase retail participation in Adani Enterprises
No interest to enter telecom sector, says Group CFO
 "Rs 20,000-crore FPO to increase retail participation in Adani Enterprises")
Adani Enterprises sets price band of Rs 3,112-3,276 per share for FPO
The floor price is set at a 13.4 per cent discount to the last close, while the top-end is close to 9 per cent below
 "Adani Enterprises sets price band of Rs 3,112-3,276 per share for FPO")
Nearly 28 million demat accounts added in 2022, shows data
The pace of growth was 34.3 per cent, which was lower than that of 2021 which stood at 61.8 per cent
Adani Enterprises FPO may get a big boost from Gulf sovereign wealth funds
Adani Enterprises will need to offer at least 35 per cent of the FPO, worth as much as Rs 7,000 crore, to retail investors
 "Adani Enterprises FPO may get a big boost from Gulf sovereign wealth funds")
KFin Technologies IPO subscribed 0.5 times on first day of the issue
KFin Technologies was initially looking to launch a Rs 2,400-crore IPO but now, it has reduced the issue size to Rs 1,500 crore to align with market conditions
 "KFin Technologies IPO subscribed 0.5 times on first day of the issue")
Towards a vibrant bond market for retail investors
Registering online bond platforms as stockbrokers will ensure transparency and protect investors' rights. However, investors must ensure that they are dealing with market participants
 "Towards a vibrant bond market for retail investors")
FM urges independence of CAs to preserve integrity of financial statements
Says statutory filings and audit reports by CAs are public documents that multiple stakeholders rely on; urges adherence to fair and transparent practices
 "FM urges independence of CAs to preserve integrity of financial statements")
Amid heavy sell-off, FPIs dump 30 mn Paytm shares in less than a year
The retail shareholding has increased to 6.37% at the end of September, as compared to 2.79% at the time of listing
 "Amid heavy sell-off, FPIs dump 30 mn Paytm shares in less than a year")
Nitin Gadkari wants retail investors to pip institutions in NHAI InvIT
Next InvIT issuance will have higher reservation for retail investors, says MoRTH Secretary Upadhyaya
 "Nitin Gadkari wants retail investors to pip institutions in NHAI InvIT")
