Page 29 - Mutual Funds

Market correction prompts MFs to cut exposure to banks, invest in pharma

Fund managers say reduced exposure to banking can be attributed to a combination of factors

Dismal year for equity fund managers as MF bonuses catch Covid-19 flu

Some asset managers may skip payouts altogether as they take cognisance of the impact the coronavirus disease (Covid-19) pandemic may have on future earnings

Moratorium-linked uncertainty puts debt mutual funds in jeopardy

According to Sebi data, MFs had Rs 1.38 trillion debt exposure to NBFCs, of which Rs 51,014 crore was in less than 90-day debt papers, as of March 31, 2020

To avoid Sebi action, HDFC AMC pays Rs 4 cr to settle Essel case

Impact on FMP investors from 'standstill' pact with Essel group put fund house in scrutiny

Covid-19 to take a toll on bonuses of domestic mutual fund employees

Some asset managers may skip the payouts altogether as they take cognisance of the impact the Covid-19 pandemic may have on future earnings

Investors seek to curb downside, with volatility hitting long-only products

In March, the ITI Long Short Equity Fund was down 0.48 per cent, as against Nifty's correction of 23.25 per cent

New fund offers likely to see lower flows due to weak investor sentiment

In March, collections had declined nearly 50%

NFOs likely to see lower flows over weak investor sentiment, lockdown

In March, collections had declined close to 50% from previous month

Mutual funds likely to get Sebi lifeline to tide over liquidity woes

Market regulator likely to relax 20% cap on MF borrowing

Foxed by market volatility, MFs hold cash to invest when the market dips

Experts say taking large cash calls can also put equity schemes at risk of underperformance, if markets bounce back instead of seeing further deep corrections

RBI, Sebi split over default recognition; MFs, rating agencies seek clarity

In the absence of clarity, NBFCs are staring at huge repayment obligations at a time when their liquidity cover is declining

Coronavirus impact: Many debt schemes turn cash negative in March

Net liabilities rise 3-17%, funds forced to borrow to meet redemption pressure

Mutual Funds play it safe on equity bets amid market volatility

According to the data collated by Edelweiss, Reliance Industries was on top of mutual funds' buying list

Decline in AUM to make equity MFs costlier, dent investor returns

An increase in TER could further dent investor returns, which have fallen significantly over the last month

Index funds saw fourfold jump in flows in March amid market volatility

Last month, Index funds received inflows to the tune of Rs 2,076 crore, as against Rs 511 crore the previous month

MFs have full flexibility on PTCs, no further relaxations needed: SEBI

Recently, the Association of Mutual Funds in India (AMFI), had written to Sebi regarding relaxation relating to valuation of PTCs if underlying loans are given a moratorium.

Sebi to provide clarity to MFs over treatment of corporate defaults

The move comes in the wake of rising redemption pressure, lack of activity in the bond market and fears of non-payment of dues by corporate houses

Unlisted NCDs may be treated as term loans, carry RBI moratorium benefit

Sebi is likely to allow corporate houses to treat unlisted non-convertible debentures as 'term loans'.

Debt schemes see worst ever outflows in FY20; liquid funds suffer most

Net outflows were seen across debt categories, with liquid schemes accounting for Rs 1.1 trillion of outflows

Strategy for meeting goals

Moving money from equity to debt in the last stages of any financial goal ensures that the corpus does not erode suddenly due to a fall in the stock market