Domestic MFs increase foreign Equity Exposure by 229% Mutual funds’ investment in shares of companies listed abroad surged this year, increasing to Rs 33,078 crore as of November from Rs 10,042 crore in December 2020. More and more Fund managers are launching schemes that invest abroad.These include the Motilal Oswal S&P U.S. IPO & Spinoff […]
Read more..MFs continued investing in equities in December A sustained buying by the domestic funds curtailed the fall in the Indian equity market to 3% over during the Q3 2122 despite selling by foreign investors. According to the SEBI data, the three-month net cumulative inflow of domestic mutual funds was at a record high of Rs […]
Read more..Mutual fund industry entails huge headroom for growth Few Experts have projected that the industry will hit the Rs 100-trillion AUM mark much earlier. Assets under management for the domestic mutual fund industry are expected to show exponential rise to Rs 92 trillion by 2029-30. This will imply growth of 12.7 per cent annually between […]
Read more..Equity MFs adopt ‘wait and watch’ policy for RBL Bank shares Fund Managers are in no hurry to take immediate decisions on their investments in RBL Bank. Various MFs have investments of around Rs 2,000 crore in RBL Bank. At present, fund houses are confident that there are no financial irregularities as yet. On Monday, […]
Read more..Majority unitholders’ consent must for winding up of a MF schemes : Sebi To further safeguard the interest of mutual fund investors, Sebi made it compulsory for trustees of mutual funds to obtain the consent of unitholders when the majority of trustees decide to wind up a scheme. Mutual fund trustees will be required to […]
Read more..Most PMS schemes in red in November ’21 It was a tough month for PMS schemes with the majority of them ending in the red. However, 218 out of 262 schemes outperformed the Nifty50 in November. The schemes returned -2 per cent, on average, better than the -3.9 per cent generated by the benchmark. Small-cap […]
Read more..MFs show Strong & positive Inflows during Nov.21 According to Amfi, net inflows into all the five categories of open-ended schemes, income/debt oriented schemes, growth/equity oriented schemes, hybrid schemes, solution oriented schemes, and other open-ended schemes including Index schemes, ETFs, fund of funds schemes have reported positive flows during Nov Despite sharp correction in markets […]
Read more..Rush for NFOs amid buoyancy in markets Equity mutual fund (MF) schemes, despite buoyancy in the markets, have seen sustained net redemption since July. & to stem outflows and boost asset mobilisation, the Rs 30-trillion asset management industry is making a beeline for new schemes. Last week, documents for over 12 New Fund Offer were […]
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