Page 3 - Mutual Funds
Top headlines: MFs log Rs 19,705-cr net inflow in Feb; Bitcoin tops $42,000
Business Standard brings you the top headlines on Wednesday
 "Top headlines: MFs log Rs 19,705-cr net inflow in Feb; Bitcoin tops $42,000")
Women investors have Rs 4.5 trillion of mutual fund AUM, says CAMS
Report sats 5.9 million women investors hold 14 million folios and assets under management of Rs 4.5 trillion
 "Women investors have Rs 4.5 trillion of mutual fund AUM, says CAMS")
Amfi launches internship plan to increase number of MF distributors
Amfi announced the launch of an internship programme to groom qualifying individuals as mutual fund distributors
 "Amfi launches internship plan to increase number of MF distributors")
Overseas investment limit of MFs must be hiked now
Delay in hiking the limit will leave doubts about the concerns that weighed on the RBI, and whether those concerns could arise again in future
Reduce exposure to high-beta funds amid choppier conditions: Experts
If your funds' decline on that day left you unnerved, you need to re-examine your holdings
 "Reduce exposure to high-beta funds amid choppier conditions: Experts")
Sebi extends deadline to implement swing pricing mechanism for MFs
Based on the request received from Amfi, it has been decided to extend the implementation date of the provisions of swing pricing mechanism to May 1, 2022, Sebi said in a circular
 "Sebi extends deadline to implement swing pricing mechanism for MFs")
Sanjay Sapre to step down as president of Franklin Templeton in June 2022
Avinash Satwalekar, currently is the country head of Malaysia and will relocate to India as president - designate effective April 1, 2022.
 "Sanjay Sapre to step down as president of Franklin Templeton in June 2022")
Top headlines: Ukraine president pleads for peace, oil shock may sting
Mutual funds are keeping their powder dry to invest in LIC's IPO that is expected to hit the market next month
 "Top headlines: Ukraine president pleads for peace, oil shock may sting")
MFs to keep powder dry as LIC IPO likely to hit the market next month
As of January 31, top five fund houses held Rs 23,245 crore in cash, or 4% of their total equity assets
 "MFs to keep powder dry as LIC IPO likely to hit the market next month")
Samco Mutual Fund changes scheme attributes after rap from market regulator
NFO investors given option to exit without load; Fund house to pay 15% interest
 "Samco Mutual Fund changes scheme attributes after rap from market regulator")
Fund managers see yields falling in a few days, MF returns rising
RBI status quo on rates sets it apart from most other central banks, which aren't only normalising liquidity but raising interest rates to tame inflation
 "Fund managers see yields falling in a few days, MF returns rising")
Equity mutual funds log Rs 14,888-cr net inflow in January: Amfi data
However, this was much lower than the net inflow of Rs 25,077 crore witnessed in December
Sebi lays guidelines for MFs with respect to Indian Accounting Standards
Capital markets regulator Sebi came out with guidelines for asset management companies (AMCs) with respect to following Indian Accounting Standards (Ind AS)
 "Sebi lays guidelines for MFs with respect to Indian Accounting Standards")
Gold demand likely to reach pre-Covid levels in 2022: Quantum MF
Demand for gold is expected to reach pre-Covid-19 pandemic levels in 2022 aided by higher savings, increased mobility and stable price levels, said Chirag Mehta at Quantum Mutual Fund.
 "Gold demand likely to reach pre-Covid levels in 2022: Quantum MF")
Axis Mutual Fund eyes Rs 100 cr from new equity ETF fund of funds
Axis Mutual Fund is targeting to collect Rs 100 crore from its new equity ETF fund of funds during the primary subscription period, which opens on February 4 and closes on 18. The open-ended fund of fund scheme will predominantly invest in units of domestic equity ETFs and is looking to collect Rs 100 crore during the subscription period, Raghav Iyengar, chief business officer at the fund house, told PTI on Wednesday. The fund will track the Nifty 500 stocks and will be managed by Shreyash Devalkar, the fund house said. ETFs are one of the most popular vehicles of investing in passive strategies as they replicate the portfolio of the underlying index while trading in bite-sized units on an exchange at market prices. In the past three years, equity ETFs AUM has increased more than three times. Since different sectors and market segments perform differently at different times, the new FoF's investment approach is designed to allocate dynamically across market cap and sectoral/ themat
 "Axis Mutual Fund eyes Rs 100 cr from new equity ETF fund of funds")
Sebi strengthens MF norms; winding up of schemes after unitholders' consent
Sebi has made it mandatory for trustees of mutual funds to obtain the consent of unitholders when majority of trustees decide to wind up a scheme.
 "Sebi strengthens MF norms; winding up of schemes after unitholders' consent")
Taxation of ULIP proceeds to create level-playing field with MFs: I-T dept
Proceeds of high-premium Unit Linked Insurance Plans (ULIPs) has been made taxable to create a "level-playing field" with mutual funds, official sources said
 "Taxation of ULIP proceeds to create level-playing field with MFs: I-T dept")
Overseas investment cap for domestic mutual funds may be doubled
Sebi may raise the industry-wide limit from $7 bn to $12-15 bn
 "Overseas investment cap for domestic mutual funds may be doubled")
DSP Mutual Fund launches global NFO: Check details here
The key investment theme would be identifying companies that have innovative thinking
 "DSP Mutual Fund launches global NFO: Check details here")
Floater funds see outflows as liquidity turns tight, shows data
In the past year, floater funds have on average given returns of 3.79 per cent, lower than other categories like low duration funds, short duration funds, and medium duration funds
 "Floater funds see outflows as liquidity turns tight, shows data")
