AMFI data perspective by Kislay Upadhyay, small case Manager and Founder of FidelFolio Investments Yet another month of positive inflows in equity mutual funds (ex-hybrid) and FIIs turning positive in October, continues to indicate optimism among investors, with India being the fastest growing large economy amidst global slowdown. This optimism for growth is reconfirmed as […]
Read more..Rs 5 lakh crore of mutual funds invested in just 10 stocks The top 10 most popular stocks among mutual fund managers comprise about 35% of the industry’s equity assets under management. Mutual fund managers have placed heavy bets totalling around Rs 4.75 lakh crore on 10 stocks which includes Nifty heavyweights ICICI Bank, HDFC […]
Read more..Bharat Bond ETFs cross Rs 50000 Cr AUM Bharat Bond Exchange Traded Funds have crossed the Rs 50,000 crore asset under management mark in just two-and-a-half years. Edelweiss Mutual Fund manages Bharat Bond Exchange Traded Funds (ETFs). The overall passive debt category has crossed Rs 1.15 lakh crore mark at the industry level – this […]
Read more..Mutual fund cash holdings rise due to rich valuations Cash holding of mutual fund houses is on the rise. The top three fund houses in terms of cash holding are PPFAS (holding of 15.9%), Axis (10.2%) and SBI (10%). There are several reasons for higher cash holding. First, the broad market seems to be richly […]
Read more..Mutual Fund Activity October 2022 Highlights:Inflows during September 2022 rebounded sharply after three months of decline. Inflows in September 2022 were at Rs 14100 crore vs. Rs 6100 crore in August 2022. Ex-NFOs, inflows were at Rs 8300 crore vs. Rs 3100 crore during the same period. SIP inflows continued to rise and came in […]
Read more..Sebi to tighten norms for mutual fund chiefs The Sebi may tighten regulations for mutual funds and alternative investment funds (AIFs) in its upcoming board meeting. The chiefs of at least three different fund houses have come under regulatory glare in the past few months. The regulator may pronounce direct action against these CEOs by […]
Read more..Merger Of 3 Tata MF schemes with Tata Corporate bond fund The Trustees of Tata Mutual Fund have approved the proposal to merge Tata Medium Term Fund, Tata Income Fund and Tata Dynamic Bond Fund with Tata Corporate Bond Fund. Fixed Income Fund categories – Perspective Tata Corporate Bond Fund has a mandate to invest […]
Read more..– The Nifty, after three consecutive months of decline, bounced back smartly in Jul’22 with 8.7% MoM gain – the highest since Dec’20. The Nifty Midcap 100 (+12% MoM) outperformed the markets during the month. FIIs registered inflows of USD0.8b in Jul’22 after nine months of outflows totaling USD33.3b; YTD’CY22 outflows stood at USD25.4b. Domestic inflows […]
Read more..Auto stocks catch Fund Managers’ fancy The auto sector stocks have raced to the top of the mutual fund return charts over the last 12 months. Stocks in the automobile sector have impressive trend over the last few months and the BSE Auto index hit an all-time high on July 22, driven by a strong […]
Read more..BSE reassures investors on refunds on StARMF platform BSE StARMF is the largest aggregator for mutual fund transactions in India. The BSE on Thursday reassured the investors the delay in processing some of the refund transactions on its StARMF platform was due to incomplete information being received from some of the payment aggregators. “We are […]
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