Aditya Birla Sun Life & Axis MF call off NFOs on tepid investor response Two fund houses, Aditya Birla Sun Life, Axis MF have called off their new fund offers (NFOs) after the last day of their launches on April 5. The NFOs in question are Aditya Birla Sun Life CRISIL IBX SDL Sep 2028 […]
Read more..Mutual fund houses double equity bets to Rs 55,000 crore in Q4 2023 Mutual fund houses have bought large amounts of equity investing a net amount of Rs 55,000 crore between January and March 2023. The number is more than double the amount deployed in the preceding three months (October to December), signaling improved valuations. […]
Read more..Mutual Fund managers fear sharp correction, raise cash holdings The average cash holding of top 20 mutual fund houses by Asset Under Management (AUM) was 5.9% at the end of January 2023. This is the highest cash proportion in the past twenty five months or a little over two years, according to the data compiled […]
Read more..Check whether your mutual fund has exposure in Adani stocks? Here’s the list Since the US-based short-seller Hindenburg published a report alleging the financial irregularities in the Adani group, shares of the companies of the group have lost heavily & Adani group chairman Gautam Adani’s name is reportedly out of Forbes’ top 10 richest person […]
Read more..Gold ETF witnessed big outflows in November Even as the total SIP contribution increased marginally in November 2022, several popular mutual funds categories prominently Gold ETF witnessed big outflows in the month, according to data shared by the Association of Mutual Funds in India (AMFI). Because of consistent fall in the prices of Gold and […]
Read more..Wholesale corporate debt market to get fillip The Association of Mutual Funds in India has anticipated that AMC Repo Clearing Ltd (ARCL) will become operational from January 2023, which will provide a fillip to the wholesale corporate debt market. “We want the government to allow the mutual fund industry to manage funds of pension, provident […]
Read more..MF industry seeks management of pension, provident, insurance funds The aim of doubling the asset under management to Rs 80 lakh crore can be met earlier than the targeted year of 2027, if the mutual fund sector is allowed to manage pension, provident and insurance funds, an Amfi official said on Saturday. The current asset […]
Read more..Equity MF inflows in November to 21-month low Net investments in active equity mutual fund (MF) schemes plunged to Rs 2,260 crore in November, even as SIP inflows rose to an all-time-high of Rs 13,300 crore, shows the latest data from the Association of Mutual Funds in India. The net inflows are lowest since February […]
Read more..The acquisition of IDFC AMC by Bandhan The acquisition of IDFC AMC by Bandhan Financial Holdings Limited, Singapore’s sovereign wealth fund GIC and Indian private equity firm ChrysCapital has moved a step closer, with SEBI finally approving the change in ownership. The names of funds are expected to change from January 2023 onwards. Importantly, the […]
Read more..Mutual Fund Review – November 2022 Industry Synopsis · The AUM of the mutual fund industry rose to all time high levels in October 2022 to | 39.5 lakh crore from | 38.4 lakh crore in September 2022. The rise in AUM was predominantly due to mark to market gains in equity oriented funds · […]
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