Driven by record inflows into SIPs, overall mutual funds industry's assets under management jumped to nearly Rs 37 lakh crore in September, registering an over 33 per cent growth, according to Amfi
This comes a day after Sebi tweaked the compensation circular, first issued in April, mandating fund houses to pay 20 per cent of the CTC to their key employees in the form of MF units
The data from the Association of Mutual Funds in India shows that daily AUM of the large-cap category stood at Rs 2.10 trillion in August against Rs 1.97 trillion in July
Since the start of the current financial year till July, banking and PSU debt funds have seen outflows of Rs 1,247.44 crore
Investors to shift money to other asset classes as prices of the yellow metal weaken
Investors take money off the table as markets hit new record highs
Changes will apply from July-December 2021; newly-listed companies India Railway Finance, Macrotech, Indigo Paints and Sona BLW Precision Forgings enter mid-cap category
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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
Here are trading strategies for the ones that may make it to the list, and the ones likely to get demoted.
Move will also give investors indexation benefit on long-term capital gains
Sebi had earlier expressed displeasure at fund houses depicting portfolio yield of debt schemes by leaving out yields on cash and cash equivalents
Key categories see a jump in assets; fund managers step up buying in April
The revival in flows and an uptick in new accounts is an encouraging sign for the Rs 32-trillion domestic mutual fund industry
Multi-cap, focused, and large and midcap were the only three categories to see net inflows
There is also uncertainty on whether investors will be able to adjust the cost of acquisition of the units and avail of indexation benefits
Debt schemes take significant exposure in not-so-highly rated companies and had lost their appeal after April 2019
Despite a strong rally in the market, investors have pulled out money from mutual funds for the seventh straight month in January
Net redemptions of Rs 9,200 cr in Jan, over Rs 42,000 cr since July
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