Watch the interview of V Srivatsa, EVP & Fund Manager at UTI MF with Prashant Nair and Ekta Batra of CNBC-TV18. He shared his reading and outlook on the market as well as on various sectors.
One needs to be stock-specific in the non-banking financial companies space, Atul Bhole, Vice President and Fund Manager at DSP Blackrock Investment Managers told CNBC-TV18.
The S&P BSE Smallcap index rose 31 percent followed by the S&P BSE Midcap index which rose 28 percent so far in the year 2017 compared to 19 percent return recorded by the S&P BSE Sensex.
In a passively managed fund, the investment strategy is to track the benchmark of the asset class and ensure that the returns of the fund are in line with the performance of the broader asset class. Therefore, investments in passive funds are rarely altered.
The securities regulator has been pushing MF mergers for over a decade by making informal requests but has failed to achieve the result
Experts believe that Sebi's move towards paperless online mechanism for registration for mutual funds will turn into a boon for the sector.
The performance of the mutual fund scheme is a function of dividend as well as the capital gains made on investments
Mayank Prakash will jointly manage six schemes with Puneet Pal
In an interview to CNBC-TV18's Prashant Nair and Surabhi Upadhyay, Lalit Nambiar, EVP - Fund Manager & Head of Research at UTI Mutual Funds shared his reading and outlook on the market and also gave recommendations on various stocks.
While debt funds, unlike fixed deposits and small saving schemes are also subject to market risk, though less than equity funds, the return expectation is commensurately higher than traditional products over the same tenure.
Tushar Pradhan of HSBC Global AMC said that the plan is always to stick to the investments once they have been made, but evaluating based on valuations is necessary
At present, the scheme levies 0.75 percent for redemption within 12 months from the date of allotment and no load thereafter
At present, the mutual fund industry is managing an asset base of about Rs 20 lakh crore mark.
In comparison, foreign portfolio investors (FPIs) bought equities worth 21,000 crore during the period under review.
Fund managers have turned cautious because of high valuations
MFs were net buyers in two-thirds of the Nifty stocks last month. The highest net buying in July on a MoM basis was witnessed in HDFC, Hero MotoCorp, and Ambuja Cements.
At the mutual fund level, the company will allocate not more than 10 percent of units issued by a single issuer of REIT and InvIT
The name change is pursuant to receipt of fresh Certificate of Incorproation from Ministry of Corporate Affairs and SEBI Registration Certificate
Investment banking firms CLSA and JM Financial are likely to be the bankers to the issue
Reliance Nippon Life Asset Management expects further easing of 25-50 bps during this financial year, mostly in the Jan-Mar quarter of FY18
S Krishna Kumar of Sundaram Mutual Fund said inflows into financial instruments have been steady and there has been no major trend change.
Through the quarter they garnered net assets worth USD 2.6 billion, higher than the net inflow of USD 2.0 billion they had received in the previous quarter.
"Smaller towns or B15 (beyond top 15 cities) cities accounted for 17.7 per cent of total AUM as of July, thanks to a 41.3 per cent surge to reach past Rs 3.60 trillion in July from Rs 2.55 trillion a year ago helping the industry AUM to grow over 30 per cent to Rs 19.97 trillion," Icra said quoting Amfi data.
While the increasing investor interest in equities is great, investors should invest with a clearly defined risk and time horizon in mind, especially in Small & Mid-cap funds, which can tend to fall a greater extent if markets turn bearish in the short term