Fund managers had trimmed allocation to banking stocks between November and January, lowering exposure by over Rs 9,000 crore during the period due to higher bad loans
The industry's equity assets under management (AUM) rose to Rs 3.57 lakh crore last month as against Rs 3.06 lakh crore in April last year, according to latest data available with AMFI
Fresh NPA onslaught could come back to haunt banking funds; investors sitting pretty can book profits
So far this month, domestic funds have bought shares worth Rs 2,000 cr, while FIIs have bought Rs 1,343 cr
Several mutual funds' distributor associations said the circular on "commission disclosure is more likely to be counter productive on all counts and must be withdrawn."
This is on top of an addition of 59 lakh folios in 2015-16 and 22 lakh in 2014-15
Sinha assures them that Sebi will meet their delegation soon
But outperform benchmark indices Sensex and Nifty
Have lapped up most shares as anchor investors in nearly all of the recent public issues
Compared to an average monthly equity folio addition of 360,000 in 2015-16, the first month of the current financial year 2016-17 has witnessed addition of just 158,000 accounts
Equity schemes received funds to the tune of Rs 3,644 crore, Rs 2,914 crore and Rs 2,522 crore in December, January and February, respectively
Inflows back in equity schemes
If a person invested Rs 1,000 per month as SIP for 20 years, these schemes would have turned the Rs 2.4 lakh into Rs 55 lakh
Capital market regulator Sebi has mandated all mutual fund houses to disclose salaries of their top officials
Also eye overseas stock exchanges for investment purpose
They bought an additional stake in newly listed companies like Narayana Hrudayalaya and Dr. Lal PathLabs.
The mutual fund industry has undergone something of a revival -as Table 1 shows, the number of folios has increased after a long decline
The BSE Bankex has jumped 25 per cent from the 2016 lows, compared to a 12 per cent rebound in the Sensex
Markets remained weak for most of FY16, investors kept pouring into MFs
Mutual funds have reported net inflows of over Rs 74,000 crore in equity and equity-linked savings schemes in last fiscal, helping the industry to grow the folio count