"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.
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.
Tata MF changes dividend frequency for Tata Short Term Bond Fund and Tata Regular Savings Equity Fund.
We do believe the Indian markets are currently overvalued especially in light of elusive earnings growth.
This also marks the sixth consecutive monthly rise in the mutual funds' exposure to bank stocks.
Interview with Sunil Singhania of Reliance Mutual Fund
India today has one of the highest real interest rates in the world. With CPI inflation at around 1.54 percent, and with 10-year benchmark gilt at around 6.46%, the real interest rate is too attractive to be ignored.
We have a target of 32,000 for Sensex by March 2018, which is flat compared to current level.
The shares have been bought from US-based hedge fund firm Eton Park Capital Management.
Morningstar believes ICICI Prudential Value Discovery Fund has the wherewithal to outperform its benchmark index over the long term.
Non-performing assets in the banking system should not shift to mutual funds by way of debt funds. The industry should be careful about that, Tyagi told an industry summit organised by MF lobby Amfi here this morning.
Paytm has applied for a licence to set up a money market mutual fund that invests in short-term funds.
Aptech rose 200 percent, followed by Mastek which rallied 93 percent, Datamatics up 89 percent, and TVS Electronics rose 87 percent in last one year.
In the two years, investor accounts went up following robust contribution from smaller towns.
Investors should tread cautiously, and buy on dips. Keep an eye on valuations.
While RERA occupied the mind space for most of the week, the markets too have been volatile enough to attract attention of investors.
If you would have invested just Rs 1000 per month or Rs 12000 per year for next 5 years which equals to an investment worth Rs 60,000 would have given you a return of up to Rs 1,40,000 today.
All you need to know to bring you up to speed with the world of personal finance this week.
Interview with Miten Lathia - Fund Manager - Equities - HDFC Asset Management Co. Ltd
The assets under management (AUM) of the MF industry, comprising 42 players, rose to an all-time high of Rs 19.26 lakh crore at the end of April from Rs 17.55 lakh crore at the end of March, as per the data from Association of Mutual Funds in India (AMFI).
According to a report by mutual fund tracker Morningstar, India-focused offshore funds saw an inflow of USD 1.46 billion, while that of ETFs witnessed an infusion of USD 509 million, taking the total to USD 2 billion.
As per the riskometer, both funds will fall under the category of moderately high risk funds.
Pharma looks good from a valuation perspective and so the house is increasing its exposure to the space, said Ajay Tyagi of UTI Mutual Fund.