Page 34 - Mutual Funds
Mutual Funds' asset base hits Rs 27 trn, bank, PSU funds top allocation
Mutual fund industry saw its assets base surpassing Rs 27 lakh crore-mark in November-end on the back of inflows in debt-oriented schemes including banking and PSU funds, which have a high allocation to highest rated bonds. The 44-player industry logged an assets under management (AUM) of Rs 26.33 lakh crore in October-end, as compared to Rs 27.04 lakh crore by November end, representing a growth of 3 per cent, according to data from the Association of Mutual Funds in India (Amfi). Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October. Fund managers attributed growth in the asset base to strong inflows of around Rs 51,000 crore in debt-oriented schemes. Among debt-oriented schemes, overnight funds -- invest in securities with a maturity of one day-- received flows worth about Rs 20,650 crore, the highest among the fixed-income segment last month. Apart from this, banking & PSU funds received funds to the tune of .
 "Mutual Funds' asset base hits Rs 27 trn, bank, PSU funds top allocation")
RBI will encourage rupee to weaken
It will also maintain liquidity so that govt borrowing doesn't push yields up
 "RBI will encourage rupee to weaken")
Sep quarter Debt MFs see Rs 5000-crore outflow over rating downgrades
On the other hand, investors pumped nearly Rs 24,000 crore in equity mutual funds during July-September 2019, a surge of 35 per cent from the preceding quarter
 "Sep quarter Debt MFs see Rs 5000-crore outflow over rating downgrades")
Reader's corner: Should you invest in MFs directly or through an advisor?
Both routes allow you to transact via the direct plans of mutual funds
 "Reader's corner: Should you invest in MFs directly or through an advisor?")
Muthoot Finance gets hold of IDBI MF arm for around Rs 215 crore
The acquisition will mark MFIN's foray into the Rs 26-trillion MF space. George Alexander Muthoot, managing director, MFIN, said
 "Muthoot Finance gets hold of IDBI MF arm for around Rs 215 crore")
Mutual funds to gain as Sebi tightens norms for portfolio managers
The regulator will also prescribe a formula for profit sharing
 "Mutual funds to gain as Sebi tightens norms for portfolio managers")
Sebi mulls direct plans for AIFs, PMS to help investors save on expenses
The minimum ticket size for investing in AIFs is currently Rs 1 crore and for that in PMS is Rs 25 lakh. Both PMS and AIFs typically charge a fixed as well as variable fee based on the performance
 "Sebi mulls direct plans for AIFs, PMS to help investors save on expenses")
Mutual Fund folio influx hits 3-month high in Oct; 600,000 accounts added
Industry experts said the addition of folios indicates investors' understanding about market risks associated in the mutual fund schemes
 "Mutual Fund folio influx hits 3-month high in Oct; 600,000 accounts added")
Mutual funds give FEMA reporting a miss, await govt clarity on the issue
Mutual funds have to adhere to restrictions applicable to foreign investment
MF investment in equities halves on low participation from retail investors
Fund managers had bought shares worth about Rs 1.12 trillion during January-October 2018, according to the data provided by the Securities and Exchange Board of India
 "MF investment in equities halves on low participation from retail investors")
Passive funds make good bets as large-cap schemes strain to beat the index
New launches within the passive-fund domain have made it possible to build a complete portfolio out of such products
 "Passive funds make good bets as large-cap schemes strain to beat the index")
Situation has improved but we are still not out of the woods: Vinit Sambre
Investors are chasing good performance and companies which are doing better are being bid up disproportionately
 "Situation has improved but we are still not out of the woods: Vinit Sambre")
Equity mutual fund inflow declines 9% to Rs 6,026 crore in October
Excluding new fund launches, monthly collection was 19% lower
 "Equity mutual fund inflow declines 9% to Rs 6,026 crore in October")
Mutual fund AUM rises 7.4% to Rs 26.33 trn in October on high equity inflow
Fund managers attributed growth in the asset base to higher retail participation and robust inflows in equity schemes and liquid funds
 "Mutual fund AUM rises 7.4% to Rs 26.33 trn in October on high equity inflow")
MFs focus on large-cap in Q2, markets bet on public sector companies
Fund managers say PSUs look attractive as valuations are cheap and possibility of strategic sales offers room for value unlocking
 "MFs focus on large-cap in Q2, markets bet on public sector companies")
FEMA norms may raise investment bar on foreign-owned mutual funds
Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities
 "FEMA norms may raise investment bar on foreign-owned mutual funds")
Troubles faced by the telecom sector can rub-off onto mutual funds
Yields on debt instruments of Vodafone Idea rise following SC ruling
 "Troubles faced by the telecom sector can rub-off onto mutual funds")
FII, mutual fund buying takes Indian stock markets close to new highs
Analysts say a rate in the dividend distribution tax and buyback tax could fuel further buying by FIIs
 "FII, mutual fund buying takes Indian stock markets close to new highs")
Asset allocation schemes yet to gain traction among mutual fund investors
According to data from Association of Mutual Funds in India (Amfi), asset allocation categories have seen net outflows of Rs 6,714 crore in the current financial year
 "Asset allocation schemes yet to gain traction among mutual fund investors")
Mutual funds beat a retreat from lower-rated papers: Value Research data
Investors have continued to pull out their monies from credit risk funds
 "Mutual funds beat a retreat from lower-rated papers: Value Research data")
