Page 19 - Mutual Funds
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)
 "Mutual funds' October report: Financial stocks out, pharmaceuticals in")
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
 "Indians may soon be able to tap LRS route for MF, AIF play in Gujarat 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
 "Mutual funds' share in CPs of NBFCs dips to 3.2% of debt assets in Sept")
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'
 "Sebi directs open-ended debt MFs to maintain 10% liquidity buffer")
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
 "Mutual funds see record outflow in October; may turn net sellers in 2020")
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
 "Sebi doubles foreign investment limit for individual fund houses to $600 mn")
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
 "Top headlines: Trump sues in 3 states, Saudi fund to invest in RIL unit")
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
 "Job losses, salary cuts hit SIP continuation by MF investors: Survey")
Share of paperless mutual fund transactions declines as economy unlocks
Physical transactions made a come back in September as offline options became viable again
 "Share of paperless mutual fund transactions declines as economy unlocks")
Retirement-savings match explained: Key investment plan you must not ignore
According to a survey, 89 per cent Indians do not have an alternative source of income, and barely 1 in 5 factors in inflation while planning for superannuation
 "Retirement-savings match explained: Key investment plan you must not ignore")
What makes managing debt funds a challenge for mutual funds industry
In the last couple of decades, the regulator has had to constantly tinker with the guidelines but new problems have cropped up every few years
 "What makes managing debt funds a challenge for mutual funds industry")
Mirae MF launches passive ESG funds, NFOs open between Oct 27-Nov 10
Mirae Asset ESG Sector Leaders ETF is an open-ended scheme tracking Nifty 100 ESG Sector Leaders Total Return Index. The second, an FoF, will invest predominantly in this ETF
 "Mirae MF launches passive ESG funds, NFOs open between Oct 27-Nov 10")
Mutual fund distributors may need to rename firms after Amfi order
The move follows the decision taken by markets regulator Securities and Exchange Board of India (Sebi) to separate distribution and advisory functions in the MF industry
 "Mutual fund distributors may need to rename firms after Amfi order")
Several MF distributors may have to go for name change after Amfi diktat
Amfi has barred them from using nomenclatures that have references to advisors, following Sebi move to separate distribution and advisory for the Rs 27-trillion industry
 "Several MF distributors may have to go for name change after Amfi diktat")
Top headlines: MFs may come under new tax ambit; Jio tests for 5G solutions
From MFs, alternative investment funds likely to come under ambit of new tax norms to HUL's Q2 revenue, net profit business return normal level, here are the top headlines this morning
 "Top headlines: MFs may come under new tax ambit; Jio tests for 5G solutions")
MFs, alternative investment funds may come under ambit of new tax norms
0.1% tax collected at source may hit funds, investors
 "MFs, alternative investment funds may come under ambit of new tax norms")
Franklin Templeton MF's six shut schemes generate Rs 8,302 cr since closure
Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 8,302 crore from maturities, pre-payments and coupon payments since closing down in April
 "Franklin Templeton MF's six shut schemes generate Rs 8,302 cr since closure")
MFs look beyond India as asset managers launch schemes with global exposure
The thematic passive index fund is designed with the objective of providing Indian investors access to both Indian and global healthcare companies
 "MFs look beyond India as asset managers launch schemes with global exposure")
No proposal to Sebi for new index, will follow cap on stock norms: Amfi
Amfi said that whenever any mutual fund (MF) launches a scheme, the fund house chooses an appropriate benchmark index that reflects the composition of the scheme's portfolio
Private banks continue to remain the biggest overweight for equity MFs
Telecom, utilities, and healthcare are other top weights for MFs
 "Private banks continue to remain the biggest overweight for equity MFs")
