Redemptions from top 20 fund houses have risen to the second highest level in FY18, despite the industry's AUM touching record highs
UTI Mutual Fund is targeting at least 5,000 new retail investors for its new open-ended equity oriented ETF Nifty Next 50 launched on Tuesday.
The shares have been bought from US-based hedge fund firm Eton Park Capital Management.
S Krishna Kumar of Sundaram Mutual Fund said that the market could still see a positive bias but one needs to keep an eye on earnings trajectory.
Overall, fund manager remains upbeat on markets as domestic mutual fund (MF) industry average AUM increased for the 15th consecutive quarter in 2QCY17 to a new high of Rs19.6 trillion.
In his new role, Menon will head the company’s sales, distribution and marketing functions
Each Series under the Scheme will have tenure of 3 years to 10 years from the date of allotment of units under the respective series
The Securities and Exchange Board of India (SEBI) has spelt out clear demarcation between the two, wherein a distributor is someone who sells commission-laden mutual funds
Upadhyaya feels monsoon progress until now has been above-normal despite some softening recently, which augurs well for many rural oriented businesses.
HDFC MF manager Prashant Jain is sticking to his guns. He continues to have faith in the financial services sector, particularly in State Bank of India.
In a CNBC-TV18 exclusive, Nilesh Shah of Kotak Mahindra AMC says that markets are not at an all-time high in terms of valuations. He also adds that there is froth in certain sections of the market.
After one way rally on D-Street so far in the year 2017 retail investors preferred to book some profits off the table from Gold ETFs, liquid funds etc. as the asset under management (AUM) of the mutual fund industry dipped slightly for the month of June.
Gunwani was the sole fund manager of ICICI Pru Focussed Bluechip Fund and also managed equity portion of the ICICI Pru Balanced Advantage Fund
Watch the interview of V Srivatsa, EVP & Fund Manager at UTI MF with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Retail inflation has seen a sharp slowdown in June while May industrial output has come in at 1.7 percent. In an interview to CNBC-TV18, Amandeep Chopra, Group President and Head of Fixed Income at UTI MF assesses the impact on the bond market.
The fund house believes that a big upside in indices from this point is difficult, but does not expect any major correction due to good macros
Stakeholders State Bank of India, Punjab National Bank and Bank of Baroda may opt for a full exit in this IPO process, according to sources.
MF industry recorded an addition of 10 lakh investor accounts in June, taking its total number of folios to an all-time high of 57.82 million, as per data on the SEBI.
Morningstar believes ICICI Prudential Value Discovery Fund has the wherewithal to outperform its benchmark index over the long term.
Mahesh Patil of Birla Sun Life AMC believes that a recovery could be seen in the coming quarters. On retail sentiment, he said that SIP flows are seen at around Rs 6,000 crore a month.
Profit growth is now improving and earnings growth for next 2-3 years is expected to be strong
In comparison, mutual funds saw an outflow of close to Rs 41,000 crore in May. Prior to that, Rs 1.51 lakh crore were invested in April.
Watch the interview of Anand Shah BNP Paribas MF with Surabhi Upadhyay and Anuj Singhal on CNBC-TV18, in which he shared his reading and outlook on Indian economy, BNP Paribas Mutual Fund portfolio and markets.
In an interview to CNBc-TV18’s Prashant Nair and Ekta Batra, Swati Kulkarni, Executive Vice President and Fund Manager at UTI MF shared her reading and outlook on the market and on how the upcoming earning season will pan out.
Singhania said getting back to 20-30 percent growth rate would be tough for pharma companies as competition has increased in the US for pharma companies.