Choosing between banks and information technology (IT) stocks could be the toughest choice facing domestic fund managers and the biggest factor behind alpha generation. Both sectors have a considerable weighting in the benchmark National Stock Exchange Nifty50 Index, are the largest contributors to India’s market capitalisation, and are hence pivotal to any India portfolio. However, […]
Read more..Franklin MF to extinguish units in 5 out of 6 schemes Franklin Templeton India Mutual Fund announced that it will repay Rs 178.06 crore to investors of two of its wound-up debt schemes from June 14. After this latest instalment, a cumulative amount of Rs 27,109 crore would have been paid across five of the […]
Read more..AUM scale new heights in May ’23. Breach the INR43t+ level According to Motilal Oswal Financial Services, Equity AUM for domestic MFs (including ELSS and index funds) increased 4.3% MoM to INR18.4t in May’23, fueled by a rise in market indices (Nifty up 2.6% MoM) and an increase in equity scheme sales (up 21% MoM […]
Read more..India’s first actively managed momentum fund launched SAMCO Asset Management Private Limited, a distinguished investment management firm, is thrilled to announce the launch of India’s first actively managed momentum fund – SAMCO Active Momentum Fund. Leveraging the persistent and globally acclaimed momentum anomaly in finance, this pioneering fund aims to deliver exceptional risk-adjusted returns to […]
Read more..64% equity schemes underperformed their benchmarks in five years ? Do you know?? Out of 167 equity schemes that have completed five years in the market, 107 schemes failed to beat their respective benchmarks. These 107 schemes were from across the categories such as contra fund, ELSS, flexi cap, focused fund, large & mid cap, […]
Read more..AMFI asks fund houses to stop training programmes based on SIP targets The Association of Mutual Funds in India (AMFI), the Rs 40 lakh crore Indian mutual funds industry’s trade body, has asked asset management companies (AMCs) to stop offering training programmes to mutual fund distributors for achieving certain systematic investment plan (SIP) targets. SEBI […]
Read more..Top buy & sell by MFs, Stock Research Report by ICICI Securities Top 10 Buys in Largecap Market Value (crs) Shares (lakhs) Mar-23 Feb-23 Mar-23 Feb-23 Samvardhana Motherson International Ltd. 5218 5198 7777 6527 Hindustan Aeronautics Ltd. 8118 6606 297 257 Indian Railway Catering And Tourism Corporation Ltd. 406 379 71 62 Marico Ltd. 1970 […]
Read more..MF staff likely to get 20-40% bonuses Asset management companies (AMCs) are likely to pay 20-40% of their annual salaries as bonuses to their employees this year, in line with the previous year, industry officials said. Bonuses will vary from firm to firm, with the larger asset managers likely to be more generous in their […]
Read more..SIPs stood at over Rs 1.5 trillion in 2022-23 Equity mutual fund flows at 12-month high of Rs 20,500 crore in March The total investment through SIPs stood at over Rs 1.5 trillion in 2022-23. N S Venkatesh, chief executive officer, Amfi, said the strong flows through SIPs showcase resilient investor behaviour. “SIP inflows continue […]
Read more..Bajaj Finserv MF seeks Sebi approval to launch its first five schemes Bajaj Finserv MF, the latest entrant in the mutual fund industry, has sought the regulator’s approval for its initial set of offerings. It has filed papers with the Sebi for five schemes — arbitrage fund, large and midcap fund, liquid fund, balanced advantage […]
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