The efforts are expected to make life easier for investors and boost mutual fund penetration
Essel Group announces MFs have granted it more time to repay dues
The fund houses had an outstanding of over Rs 11,000 crore from Essel Group
Yields by large-caps jump to positive terrain in four days
In an exchange note, Altico said it may have trouble making future repayments
As part of the 'standstill' agreement with MFs and other creditors, Essel promoters have till September-end to clear remaining dues
Total flows into MFs up 13% to Rs 9,152 crore; Small-cap funds see 56% surge
Mutual fund houses witnessed an overall inflow of Rs 1.02 trillion last month, much higher than Rs 87,000 crore seen in July
The lull in the primary market has hit investment bankers hard
Most IFAs seem to be unhappy with the way MFs are passing on the entire burden of TER cuts to them
Regulator makes side-pocket mandatory for resolution process; over 100 exposed schemes fail to make the cut
Many have Mutual fund assets, which are less than 5% of economic output
Increase or reduce allocation to passive funds in future, depending on data on outperformance by active funds
Many have mutual fund assets which are less than 2% of economic output
The easing of FPI norms comes at a time when overseas investors have pulled out over $3 billion from the domestic markets since the Union Budget
Launches 'SmartSIP' option on its Rank MF platform to enable investors to track margin of safety of individual schemes and deploy their funds accordingly
Fund managers seek clarity from new management on potential recovery
Only those who have a large portfolio and the ability to select the right fund managers should opt for it
Oil marketing companies BPCL and HPCL saw buying interest amid a slide in oil prices
Fund managers say festive period will be critical, analysts cite NBFC liquidity crunch for dismal state of affairs