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
The assets under management of the fund house stood at Rs 9,554 crore as on March 31
The open-ended liquid exchange-traded fund will invest its entire corpus in securities forming part of the underlying index--S&P BSE Liquid Rate Index
According to the global financial services major, July was a historic month for Indian equities, with total equity inflows (equity plus equity-linked savings schemes plus equity component of balanced funds) into domestic mutual funds rising to an all-time high of Rs 18,200 crore or USD 2.8 billion.
Watch the interview of Anand Shah, Deputy CEO & Head of Investments at BNP Paribas MF with CNBC-TV18’s Prashant Nair and Ekta Batra, where he shared his readings and outlook on the market, and specific stocks and sectors.
Patil expects liquidity to remain strong, especially domestic money that is not expected to be abating as retail flow is coming, pension fund money is also flowing, so Rs 10,000 crore looks like will be sustainable on monthly basis
The banking sector has traditionally been considered as a proxy for the economy.
Unit holders who do not wish to move to Mirae Asset Great Consumer Fund can exit between Aug 16 and Sep 14
Watch the interview of Taher Badshah CIO-Equities Invesco Mutual Fund with CNBC-TV18's Anuj Singhal and Surabhi Upadhyay where he spoke about the road ahead for Indian markets and shared his views on various sectors.
This also marks the 16th straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016.
It's 7th of August which means it is MF-Day here at CNBC-TV18. In an interview to CNBC-TV18, Sailesh Raj Bhan, Deputy CIO - Equity Investment at Reliance Mutual Fund shared his readings and outlook on the market.
Increasing interest of retail investors and the on-going uptrend in the stock market have fuelled the growth in the MF industry