Mutual fund houses to open NFOs soon Mutual funds are preparing to launch new fund offers after a three-month pause that the SEBI imposed on them to comply with a new rule. “The industry has complied with the regulator’s circular on discontinuing pooling client money for mutual fund transactions. The regulator will now permit new […]
Read more..Equity MFs see Rs 15,498 cr inflow in June in spite of volatility Equity mutual funds witnessed a net inflow of Rs 15,498 crore in June amid severe volatility in the stock market and large scale selling by FIIs.This is the 16th months that Equity mutual funds witnessed positive momentum .Equity schemes have been witnessing […]
Read more..MFs accumulate total cash at Rs 60k cr The amount of cash that mutual funds MFs hold has been on the rise. MFs held the equivalent of 1.9 per cent of equity assets in cash in June 2021 which has since risen to 2.99 per cent as of May 2022. The total amount in cash […]
Read more..Some MFs reopen subscription to global funds A few AMCs offering schemes that invest in overseas stocks have started accepting fresh inflows from investors after a gap of nearly five months. On January 31, markets regulator Securities and Exchange Board of India had directed AMCs to stop accepting fresh inflows into overseas schemes after the […]
Read more..Perspective on AMFI Data by Mr. Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC March month has seem jump in gross flows at 46k cr and with lower redemptions bumping net sales higher that the average of last few months at 28K cr. This perhaps is due to the continued interest in retail and HNI investors to make […]
Read more..Blockchain fund from ABSLMF, filed SID with SEBI Aditya Birla Sun Life Mutual Fund has also filed SID with SEBI for Blockchain and Virtual Digital Assets ETF FoF. The open-ended FoF scheme will invest up to 95-100 per cent in units of ETFs focused on the global blockchain theme (including virtual digital assets such as […]
Read more..Interest in floater funds down..massive outflows on falling returns According to the Amfi data , during February 22, floater funds saw net outflows of Rs 10,323 crore, highest in the current financial year. In the last six months, the category has seen net outflows of Rs 8,440 crore. Interest in floater funds has started to […]
Read more..Kotak Mahindra Mutual Fund launches a new Investor Education and Awareness Campaign – ‘Go Automatic with Balanced Advantage Funds’ Kotak Mahindra Asset Management Co. Ltd. (Kotak Mahindra Mutual Fund) today launched a new investor education and awareness campaign – ‘Go Automatic with Balanced Advantage Funds’. This is an initiative to highlight and educate to those […]
Read more..Quote by Nilesh Shah, Group President & MD, Kotak Mahindra Asset Management Company “It is difficult to predict the bottom of the market in a scenario like war. Events will shape the movement. The best thing for an investor is to follow asset allocation principles. This is likely to be a Buy on Dip Market […]
Read more..Equity mutual funds witness 11th monthly net inflow Equity mutual funds attracted a net sum of Rs 14,888 crore in January, making it the 11th consecutive monthly net inflow. However, this was much lower than the net inflow of Rs 25,077 crore witnessed in December, data from the Association of Mutual Funds in India (Amfi) […]
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