Mahesh Patil of Birla Sun Life believes that the Street currently could be reacting to cues such as higher current account deficit (CAD), pressure on the rupee and developments around fiscal deficit as well.
There will be no exit load for redemptions or switch-out of up to 10 percent of investments within one year from the allotment date
Sachin Relekar, Fund Manager - Equity at LIC Mutual Fund, says that while valuations in the IT and pharma sectors are quite attractive, one should look at individual businesses separately.
The scheme will be benchmarked against Nifty 1D Rate Index, against the current benchmark of CRISIL Liquid Fund Index.
Watch the interview of Sunil Subramaniam, CEO at Sundaram Mutual Fund with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
The total folio count at the end of August stood at 6.08 crore, 2.4 percent higher compared to July.
The open-ended exchange traded fund will deploy up to 95 percent of its corpus in equity and equity linked instruments
The 43-player mutual fund industry had witnessed net inflows of Rs 5,225 crore and 6,303 crore in arbitrage funds in August and July, respectively
Says economy will continue to grow and that will drive up the equity markets going forward.
Bhargava replaces Shrey Loonker, Fund Manager-Equity Investments who resigned from Sep 15
The debt-oriented interval schemes has been wound up as it did not meet the requirement of minimum assets under management criterion
Under this facility, requests for switch-out will have to be placed 30 days prior to the maturity of the relevant schemes
"The Indian mutual fund industry has been witnessing phenomenal growth since 2014. The last three years and especially 2016 have been characterised by large inflows into equity and balanced funds, with increasing participation from retail and HNI investors," Kaustubh Belapurkar, Director Manager Research at Morningstar said.
Average monthly SIP inflows in FY18 so far has been Rs 4636 crore, up 27 percent over the monthly average of Rs 3626 crore last year, according to data collated by the Association of Mutual Funds.
The only important thing to note while investing in microcaps is that investors should have a long-term view, said Vinit Sambre, VP & Fund Manager, DSP BlackRock.
Kotak MF’s Upadhyaya said that September and December could be slightly better quarters due to GST-hit sectors seeing some recovery.
This also marks the seventeenth straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016.
Currently, investors can enroll for SIP facility with weekly, fortnightly, monthly, quarterly, and annually only by choosing specified dates
Earlier, Balasubramanian was head of equities and fund manager at the fund house.
The amount of money which MFs are receiving is largely backed by retail investors as well as high net worth individuals (HNIs).
In an interview to CNBC-TV18, Chandresh Kumar Nigam, MD & CEO of Axis Mutual Fund, spoke about his reading of the market and his outlook on inflows into equity mutual funds (MFs).
Companies such as Bajaj Finance and Capital First, among others, have been able to innovate, use technology, disrupt markets and gained advantage among competitors to pursue higher growth.
The debt oriented interval schemes has been wound up as it did not meet the requirement of minimum assets under management criterion
Manish Gunwani has replaced Singhania with effect from Sep 5
The performance of the mutual fund scheme is a function of dividend as well as the capital gains made on investments