Page 15 - Mutual Funds

Mutual funds continue to trim positions in heavyweights in February

Most large MFs remained underweight on banking and overweight on capital goods

Finance ministry asks Sebi to revoke 100-year maturity rule on AT1 bonds

Revised norms to treat all perpetual bonds as 100-year tenor to be withdrawn

Additional tier-1 bond stand-off likely to spook corporate bond yields

Besides redemption pressure in debt market, it will make fund raising difficult for PSBs

No adverse findings so far: Franklin Templeton MF on money laundering

The fund house had shuttered its six debt schemes in April last year due to the severe market dislocation and illiquidity caused by the Covid-19 pandemic

Paytm Money considering applying for MF licence as an asset manager: CEO

Company clocked over 20 million annual direct mutual funds transactions with assets under management of over Rs 5,000 crore, says Varun Sridhar

Sebi limits MF investments in debt instruments with special features

In a circular, the market regulator said that no MF under all its schemes shall own more than 10 per cent of AT1 bonds issued by a single issuer

Mutual funds' assets touch record high, says Crisil report

Mutual fund assets bounced back from the decline witnessed in January

With new players at the gates, AMCs to see stiff competition in MF space

Currently, nine requests for MF licence are being processed by Sebi

Mutual funds managed by women have given better returns, shows data

Two dozen AMCs don't even have a single women fund manager; only a couple have more than two

MFs withdraw Rs 16,306 cr from equities in February on profit booking

Mutual funds pulled out Rs 16,306 crore from equities in February, making it the ninth consecutive monthly outflow as small investors booked profit amid a rally in stock markets.

MFs trustees haven't done a good job, says former Sebi chief Damodaran

Every mistake that catches the regulator's attention is a mistake that has gone past the trustees, who didn't notice it or noticed but did not do anything about it, he says

Sebi puts in place procedure for change in controlling interest of AMCs

This comes after Sebi, in February, relaxed profitability criteria for becoming a mutual fund sponsor with a view to facilitating innovation and expansion in the mutual funds sector

Enforcement Directorate slaps money laundering case on Franklin MF

Sebi issues show-cause notice and summons to fund house, its officials who redeemed their investments

Mutual fund penetration in India among lowest, shows Jefferies report

An analysis done by Jefferies shows India's MF AUM as a percentage of GDP at 12 per cent is among the lowest and a fraction of global average of 63 per cent

India's MF assets-to-GDP ratio much lower than global average

However, global brokerage form Jefferies believes the industry still has tremendous growth potential as it has barely scratched the surface when it comes to AUM growth

Indian retail investors dabble in stocks directly, ditching mutual funds

The aversion towards mutual funds is also due to their higher management fees and low returns

Despite market rally, large-cap funds are struggling to generate alpha

26 of 35 such schemes failed to beat Sensex over past year

Let not the variety confuse you, keep your passive fund investments simple

With just three or four passive products, you can build a solid, long-term portfolio

Changing investor preference alters pecking order of Equity MF categories

Last year, Sebi modified scheme characteristics of 'multi-cap' schemes, wherein at least 25 per cent of the corpus had to be invested in large, mid, and small-cap stocks each

MF energy exposure off 280 bps since July, at near 3-yr low; IT at new high

According to one analysis, about 6.9% of equity scheme assets were invested in energy firms, close to 12% in IT