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
S Krishna Kumar of Sundaram Mutual Fund said inflows into financial instruments have been steady and there has been no major trend change.
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.
Watch the interview of Anand Shah, Deputy CEO & Head of Investments at BNP Paribas MF with CNBC-TV18’s Prashant Nair and Ekta Batra, where he shared his readings and outlook on the market, and specific stocks and sectors.
Patil expects liquidity to remain strong, especially domestic money that is not expected to be abating as retail flow is coming, pension fund money is also flowing, so Rs 10,000 crore looks like will be sustainable on monthly basis
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.
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.
Improvement in macros like lower inflation, lower interest rates and domestic reforms will help revive earnings over time
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