UTI AMC elevates Anurag Mittal as Head of Fixed Income UTI AMC announced the elevation of Anurag Mittal as Head of Fixed Income with effect from October 1, 2023. Anurag joined UTI AMC in 2021 as Deputy Head of Fixed Income and has been managing key flagship funds for the Company. Education and Experience: Anurag […]
Read more..Zerodha MF gets ready to launch its first two schemes Zerodha Asset Management Ltd, one of India’s newest fund houses, is getting to ready to launch mutual fund schemes, nearly a month after it got its final license by the SEBI. In keeping with its mandate to launch passive scheme, Zerodha has filed draft offer […]
Read more..Public sector banks Punjab National Bank (PNB) and Canara Bank, along with LIC-owned IDBI Bank , are set for an upgrade from mid-cap to large-cap in the lastest stock categorisation list to be issued by the Association of Mutual Funds in India (Amfi) this week, according to report by Nuvama Institutional Equities. Amfi takes the […]
Read more..Tata Mutual Fund has decided to suspend fresh inflows into Tata Small Cap Fund. The move — applicable for only lump sum and switch-in applications — will come into effect from July 1 and will stay effective until further notice, the asset management company said. The fund house said that existing systematic investment plans (SIPs) […]
Read more..HDFC AMC to launch Non-Cyclical Consumer Fund HDFC Asset Management Co. Ltd., investment manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses has announced the launch of HDFC Non-Cyclical Consumer Fund that intends to invest across India’s consumption categories with a bottom-up stock selection approach for portfolio construction. The captioned […]
Read more..Retail investors’ focus Small Cap Schemes Retail investors now own a bigger slice of smallcap companies than a couple of years earlier, attributable to their growing conviction in mutual fund (MF) schemes focused on this space. In 202122 and 202223, MF investors poured a net of Rs 32,220 crore into active smallcap funds, with inflows […]
Read more..Elevation of Manish Banthia at ICICI AMC ICICI Prudential Asset Management Company (AMC) has announced the Elevation of Manish Banthia ICICI AMC Elevation of Manish Banthia ICICI AMC to the position of chief investment officer ( CIO)fixed income as the current CIO Rahul Goswami is set to vacate the position next week. Goswami, who headed […]
Read more..Two equity funds at the opposite ends of the risk matrix — small-cap and arbitrage — bucked the ‘low inflow’ trend in May this calendar year 2023 (CY23) to receive the highest net inflows in recent years. The Rs 3,280-crore net inflows into small-cap schemes in May was the highest for the category since the […]
Read more..Gold exchange-traded funds (ETFs), considered a safe haven during uncertain times, continue to glitter as they received a net inflow of Rs 103 crore in May. The development comes after a net inflow of Rs 124 crore witnessed in the asset class in April. Before that, investors withdrew Rs 266 crore from Gold ETFs in […]
Read more..India’s largest asset manager SBI Funds Management said they are negative on equities from a shorter-term perspective as valuations have risen above the comfort zone. “We are not positive on equities. We think valuations are expensive. The market has gone up a lot more than the earnings have grown,” said R Srinivasan, Chief Investment Officer […]
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