Emkay Global & Abira Securities apply for MF license Emkay Global Financial Services and brokerage house Abira Securities have become the latest entities to approach capital markets regulator Sebi for a mutual fund license. The two firms have joined the list of seven entities, which are awaiting Sebi’s approval to enter into the mutual fund […]
Read more..Franklin Templeton Mutual Fund brings NFO after two years Franklin Templeton Mutual Fund is launching a new scheme after a gap of two and a half years. The fund house has received approval from Sebi to launch a balanced advantage fund. This will be Franklin Templton’s first product offering after it faced rough weather following […]
Read more..HDFC AMC restructures its fund management HDFC Asset Management Company has assigned the three schemes managed by Prashant Jain to new fund managers as the fund house seeks to maintain its recent performance improvement and market share gains even after the exit of its senior fund manager. Jain, who was chief investment officer (CIO) at […]
Read more..HDFC MF’s Prashant Jain quits Prashant Jain, the chief investment officer of HDFC AMC,One of India’s longest-serving mutual-fund managers and the only one to have managed a mutual fund scheme since inception for 28 years has decided to move on. As the chief investment officer of the mutual fund, he was responsible for overseeing total assets […]
Read more..Equity MF folio growth down in June due to volatile markets The pace of folio growth has tapered off amid choppy market conditions and a three-month embargo up till June on new fund offerings. The net folio addition in equity mutual funds dropped to a 14-month low of 9.3 lakh in June 2022. It was […]
Read more..Debt MFs massive outflow in June, Rs 92248 cr withdrawn !! Debt Mutual funds ( eg.the funds focused on investing in fixed-income securities ) witnessed a heavy outflow of Rs 92,248 crore in June due to high expectations around an increasing rate cycle, higher commodity prices and slowdown in growth.Out of the 16 fixed-income or […]
Read more..SBI Contra Fund AUM doubles in last one year , outperforms in the category SBI Mutual Fund last week inform its equity fund — SBI Contra Fund — has recorded nearly 100 per cent growth in its asset base to Rs 4,688 crore in last one year. “The scheme AUM stands at Rs 4,687.76 crore […]
Read more..MF industry AUM hit 11-month low,Seen zero growth The mutual fund industry , which makes money managing assets – has seen zero growth in 11 months. The assets managed by mutual funds in India, declined to their lowest level in 11 months in June 2022 . The AUM for the industry was at Rs 35.64 […]
Read more..International funds posted negative return of 17.88% The category of international funds has posted negative return of 17.88% in the last one year.. As you can see, the category has lost money in the last one year. Some of the schemes lost a lot of money in the recent bloodbath in the global market. Many […]
Read more..LIC Mutual Fund to absorb IDBI Mutual Fund To fulfill regulatory norms after two attempts to find a buyer for IDBI Mutual Fund failed, LIC Mutual Fund has started the process of absorbing IDBI Mutual Fund IDBI Bank-promoted IDBI MF had to be either sold or merged with LIC MF because, under Sebi rules, one […]
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