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.
Mutual funds' assets under management (AUM) from B15 locations grew from Rs 2.32 lakh crore in May 2016 to Rs 3.41 lakh crore at the end of May 2017, according to latest data available with the Association of Mutual Funds in India (AMFI).
On June 8, Reliance Nippon Life Asset Management (RNAM) got approval from its board of directors for an initial public offer of AMC subject to necessary regulatory and corporate approvals.
The average AUM of the mutual fund industry rose 7 percent taking the total AUM to a record high of Rs 19.52 lakh crore at the end of June quarter, according to the data on the Association of Mutual Funds in India.
The scheme will levy 1 percent exit load if redeemed within one year from the date of allotment
Harsha Upadhyaya on Kotak Mutual Fund believes that some consumer firms could also benefit from GST and lowering of taxes.
The risk profile showed the client as very conservative and had high dependence on the corpus gifted by his son
The mutual fund industry believes the advisory model will be the future and will curb mis-selling
In an interview to CNBC-TV18, Sunil Subramaniam, CEO at Sundaram Mutual Fund shared his readings and outlook on the market fundamentals.
The AMFI held its Mutual Fund Summit 2017 and CNBC-TV18's Anuj Singhal was there to moderate a star-studded panel of the top fund managers and on top of everyone's mind was of course the GST!
The AUM of the mutual fund industry is expected to touch Rs 95 lakh crore by 2025, said Association of Mutual Funds of India Chairman A. Balasubramanian.
The Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi advised mutual fund industry that they should not completely depend on credit rating agencies for investments in debt instruments.
He further said only one in 25 Indians invests in mutual fund products at present, but the investor base can be expanded 10-fold to 60 crore in five years.
Watch Ajay Tyagi, Chairman of SEBI speak at the AMFI Mutual Fund Summit 2017.
SEBI has proposed that such companies will now have to register with the market regulator as a research analyst to continue their operations legitimately
The 10-year government bond may continue to remain in the tight band of 6.45-6.65 percent
The minimum redemption provision will be Rs 500 or 50 units or account balance whichever is lower
In an interview to CNBC-TV18, A Balasubramanain, Chairman at AMFI shared his readings and outlook on the market fundamentals. He also spoke about the AMFI Mutual Fund Summit.
Industry experts attributed investments in the equity market to upbeat sentiment in the stock market
Nilesh Shah of Kotak Mahindra AMC believes that the long term bullish story of the market remains intact and investors, if underweight on equities, could increase investments.
With systematic investment plans or SIPs -- adding Rs 5,000 crore per month, the industry is finally getting long-term money.
In comparison, the figure was Rs 90,014 crore at the end of May 2016. Banking continues to be the most preferred sector with the fund managers as they cannot afford to take a bearish call on banking stocks, given the high weightage attached to the index.
Earlier, Jinesh Gopani managed the scheme along with Shah and Naik.