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
CNBC-TV18's Nimesh Shah caught up with Milind Barve, MD, HDFC AMC from the side-lines of Motilal Oswal Conference and asked him if the domestic flows are sustainable at the pace at which mutual funds (MFs) are getting it and the trend in mutual funds will continue going ahead.
The data is based on RBI's survey on foreign liabilities of 44 Indian mutual fund (MF) companies and their asset management companies (AMCs) during 2016-17.
Nimesh Shah of ICICI Prudential AMC says when you are managing money in fiduciary capacity it is important to have a balanced approach while investing in market.
At the Motilal Oswal Anuual Conference, Aashish Somaiyaa, MD & CEO of Motilal Oswal Asset Management Company is moderating a panel discussion with Milind Barve, HDFC AMC and other eminent experts and discussed financialisation of savings.
The schemes will be wound up as it did not meet the requirement of minimum assets under management criterion
The bond fund will levy an exit load of 0.25 percent