Page 6 - Mutual Funds

LIC Mutual Fund looks to take cumulative AUM to Rs 25,000 cr by March

It hopes to double its recently launched equity fund to Rs 2,000 crore by the end of December and close the fiscal year

IDBI assets manager to merge with LIC MF, clear path to latter's mega IPO

Following the merger, IDBI AMC, which currently has assets under management (AUM) of Rs 4,344 will cease to exist.

Nippon India MF bets big on riskier company bonds as economy recovers

Many companies have used the pandemic stimulus to clean up their balance sheets. "This is giving us the comfort to invest in quality non-AAA papers," said Amit Tripathi of Nippon India MF

At over Rs 36,000 cr, India sees record anchor investment in IPOs this year

Amount contributed by MFs nearly half of that invested by FPIs

MFs raise bank, automobile holdings in October: Motilal Oswal report

Private banks' weightage stood at a five-month high of 17.7%, up 90 basis points MoM and up 10 bps YoY. The sector weightage was at a 29-month low in September 2020

Opt for thematic offerings only if you can time your entry and exit

Most investors should stick to diversified funds where fund manager has the leeway to exit non-performing themes and sectors

Good time to enter market with long-term horizon, say money managers

Leading money managers also warn of risks emanating from external factors, besides frothy valuations in certain pockets in the domestic market

Equity MFs log Rs 5,215-crore inflow in Oct amid rally in markets

However, the quantum of net inflows dropped from September, when it attracted Rs 8,677 crore

What are pros and cons of investing in equity-linked savings schemes?

Of all types of investments deductible under Section 80C, ELSS tends to be one of the most popular and efficient tax-saving instruments. Here is all that you need to know about ELSS funds

China tightens oversight of $3.7 trillion mutual fund market

Those without an advisory license will be prohibited from giving fund recommendations or publishing performance numbers, according to a notice

BFSI Insight Summit: MF institutional structure needs rethink, says Thorat

Under the current framework, an MF has three main pillars -- sponsor, trustee, and AMC

BS BFSI INSIGHT SUMMIT | Sessions on Mutual Funds and Markets

BSE StAR MF hits new highs, processes 2.65 mn transactions on Nov 8

Leading stock exchange BSE on Tuesday said its mutual fund distribution platform StAR MF has processed a record of 26.52 lakh transactions in a single day on Monday. It surpassed its previous best single-day record of 24.08 lakh transactions registered on September 13, the exchange said in a statement. Snehal Dixit, Business Head-Mutual Funds BSE StAR MF, said that numbers are an indication of growth at every level. It's a good sign as investors are getting educated, doing a variety of transactions like purchase, switch, redemption, on StAR MF platform. "We expect to see investments growing further with increased number of transactions, long-term investment approach and asset allocation across multiple MF schemes. Imparting more knowledge through creating awareness is one of the objectives of StAR MF platform," she added. In October, BSE StAR MF processed a record 1.6 crore transactions worth Rs 42,927 crore. The previous monthly record of 1.52 crore transactions was achieved in ..

Equity MFs attract Rs 40,000 cr in Sep qtr on strong inflow in NFOs

The inflow pushed the asset base of equity mutual funds (MFs) to Rs 12.8 trillion by September-end, from Rs 11.1 trillion at the end of June

SBI Balanced Advantage Fund AUM crosses Rs 20,000 cr-mark

The Balanced Advantage Fund (BAF) raised Rs 14,676 crore through its new fund offering (NFO) in August

Sebi brings framework to have uniformity in benchmarks of MF schemes

For thematic or sectoral schemes, Sebi said there would be a single benchmark as characteristics of the schemes are already tapered according to the theme/sector

SREI Mutual Fund ceases to exist as a mutual fund, says Sebi

The regulator has accepted the request for surrender of certificate of registration of SREIMF.

Amid IRCTC stock price drop, equity schemes' net asset value takes a hit

Equity funds collectively held Rs 2,879 cr worth of IRCTC shares at the end of September

Mirae Asset Mutual Fund's AUM crosses Rs 1-trillion mark

Fund house plans to strengthen its debt offerings

Floating rate funds can cushion interest rate volatility: Rahul Goswami

Goswami says case for normalisation of monetary conditions is starting to pick up pace, and next step will be to narrow the policy rate corridor closer to pre-pandemic level