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
The data in terms of flows into equity mutual fund is tremendous, almost Rs 13,000 crore is what equity mutual funds took in, in the month of July and it is a new high. In an interview to CNBC-TV18, Aashish Somaiyaa, MD & CEO of Motilal Oswal AMC shared his readings and outlook on the same.
Nilesh Shah of Kotak Mutual Fund believes that there are divisions in the market — one which has froth, cheap valuations, expensive valuations and the ones with good earnings.
Existing duration fund investors may continue with their current investments and not rush to exit at current juncture.
The assets under management (AUM) of mutual fund industry rose from Rs 18.96 lakh crore at the end of June from Rs 19.97 lakh crore by the July-end, as per the data of Association of Mutual Funds in India (Amfi).
Tata MF changes dividend frequency for Tata Short Term Bond Fund and Tata Regular Savings Equity Fund.
Alok Agarwal and Avinash Agarwal will oversee the equity scheme at DHFL Pramerica Mutual Fund
The scheme seeks to generate capital appreciation over a period of ten years by investing predominantly in equity and equity related securities of midcap companies along with income tax benefit
Watch the interview of Sunil Subramaniam, CEO at Sundaram Mutual Fund with CNBC-TV18's Prashant Nair and Ekta Batra, where he shared his readings and outlook on the market and specific sectors.
Prior to joining Motilal Oswal Mutual Fund, he was associated with DHFL Pramerica AMC as Deputy CIO Equities
Harsha Upadhyaya of Kotak MF said from 3-5 year perspective, one can invest in staggered ways.
Mutual funds' assets under management (AUM) from B15 locations - small towns beyond top 15 (T15) cities - grew from Rs 2.42 lakh crore in June-end 2016 to Rs 3.54 lakh crore at the end of June 2017, according to latest data available with Association of Mutual Funds in India (Amfi).
This also marks the sixth consecutive monthly rise in the mutual funds' exposure to bank stocks.
Balanced funds buy a combination of equity shares and fixed income instruments and provide both income and capital appreciation while avoiding excessive risk
Interview with Sunil Singhania of Reliance Mutual Fund
These schemes are aimed at giving retail investors a visibility of potential returns in the long term
Nilesh Shah said that the approach in the market should be that of bottom up one.
Watch the interview of Lalit Nambiar of UTI MF with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
India today has one of the highest real interest rates in the world. With CPI inflation at around 1.54 percent, and with 10-year benchmark gilt at around 6.46%, the real interest rate is too attractive to be ignored.
From August 9, the scheme will also have a provision to invest up 10 percent of its corpus in units issued by REITs and InvITs
The number of investor accounts stood at 5.54 crore at the end of March quarter.
“Globally we are interested in large domestic markets. We have operations in Indonesia, Saudi Arabia and now we have launched a fund in India and we would like to do such kind of things in other countries. We are interested in local markets where operations are scalable,” Ashwini Agarwal, Co-Founder & Partner of Ashmore Investment Management India LLP told CNBC-TV18.
Watch the interview of Gautam Sinha Roy of Motilal Oswal Mutual Fund with CNBC-TV18's Anuj Singhal and Surabhi Upadhyay where he shared his readings and outlook on the market and specific stocks and sectors.