Mutual fund experts also said that investors are increasing exposure to defensive as overall market outlook is choppy
Venkatesh is currently the Executive Director & Chief Financial Officer of Laxmi Vilas Bank. Prior to this, he was the Executive Director and Chief Financial Officer at IDBI Bank.
At present, the scheme levies 0.75 percent for redemption within 12 months from the date of allotment and no load thereafter
OTM facility will enable the investors to register a one time mandate
HDFC Mutual Fund had the highest exposure of 2 percent in Infosys until June 2017
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
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.
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.
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
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.
Increasing interest of retail investors and the on-going uptrend in the stock market have fuelled the growth in the MF industry
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
The fund house received 17,516 applications during the offering
Prior to joining Motilal Oswal Mutual Fund, he was associated with DHFL Pramerica AMC as Deputy CIO Equities
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).