BUSINESS
HDFC MF launches Transportation and Logistics Fund; should you invest?
The scheme will follow a flexi-cap approach and identify opportunities across market cap segments.
BUSINESS
How to get the best out of smallcap funds? Simply Save
Extra gush of inflows into small-cap funds has forced some mutual fund houses to curtail fresh investment into these schemes. Some schemes have stopped taking lump-sum investments, while other have put restrictions on systematic investment plans. Moneycontrol spoke to Ravi Kumar T V, Founder of Gaining Ground Investment Services to dig deeper into why smallcap funds have come into the limelight, how to check if a smallcap fund is becoming riskier and more. Listen in
BUSINESS
Bajaj Finserv MF debuts in equity segment with flexicap fund: should you invest?
This is a new fund house, and one is yet to see how their strategies pan out. The sheer variety of funds already present in this category means that you can look at existing schemes for now.
BUSINESS
Tax filing for Crypto Gains: Here are the forms you need to know
ITR for Crypto Gains: If you have dabbled in cryptocurrency, you will have to make detailed disclosures in the newly-introduced VDA schedule while filing returns before July 31, 2023. In crypto, setting off of losses against capital gains elsewhere — be it in mutual funds or other crypto assets — is not allowed.
BUSINESS
Power Finance Corporation’s NCD issue opens today: A Moneycontrol review
Three rating agencies have accorded it AAA ranking. This is rare for an NCD issue. Retail investors with moderate risk appetite should subscribe to the issue.
BUSINESS
SEBI introduces 6 new mutual fund strategies under ESG theme
Under the current regulatory requirements, mutual funds are permitted to launch only one scheme with ESG investing under the thematic category for equity schemes.
BUSINESS
Personal Finance: Are developed market funds offering opportunities to Indian investors?
When it comes to developed markets, the Ukraine-Russia crisis, geopolitical issues and currency risks can bite into returns, apart from debt taxation
BUSINESS
Is there a bubble in smallcap stocks? Not yet, say fund managers
Despite huge inflows, smallcap fund managers say that valuations haven’t yet peaked. But many funds have chosen to shut their doors to hot money
BUSINESS
When to start investing to get to that Rs 10 crore portfolio?
For an individual aged 25 years, to build a portfolio of Rs 10 crore by the age of 60 years, all it requires is a monthly instalment of Rs 15,000 through the SIP route
BUSINESS
Shridatta Bhandwaldar reveals Canara Robeco MF’s success mantra: Avoid cowboyish fund managers
Canara Robeco MF has seen many fund manager changes over the past 10-15 years. The performance was expected to take a hit because of this churn, but it didn’t. Bhandwaldar says the fund’s success comes from using an objective investment strategy that is not dependent upon a single individual or fund manager.
BUSINESS
Samco MF garners Rs 409 crore via Active Momentum Fund NFO, restricts fresh investments
The quantum of funds collected by the fund house through the scheme is significant as it had average assets under management of Rs 815 crore for the June quarter. The AMC is the 37th biggest fund house in the 43-member Indian mutual fund industry
BUSINESS
Equity inflows more than double to Rs 8,637 crore, smallcap fund flows at all-time high
Smallcap funds continue to be in demand, net inflows surge to 66 percent month-on-month to Rs 5,471.75 crore in June.
BUSINESS
Final approval for mutual fund expected in 4-8 weeks: Zerodha CEO Nithin Kamath
Smallcase will help Zerodha build simple, low-cost, passive mutual fund products, while Zerodha will help with the distribution as that is one of the biggest challenges for an AMC.
BUSINESS
SEBI issues framework for PE funds as sponsors and self-sponsored AMCs
To facilitate fresh flow of capital into the industry, fostering innovation, encouraging competition and easing exit for existing sponsors, SEBI has allowed PE funds to sponsor mutual fund schemes and also permitted the set-up of self-sponsored asset management companies.
BUSINESS
SEBI puts onus on trustees to ensure fairness of fees, expenses charged by fund houses
The trustees would also need to ensure that operations of asset management companies are not unduly influenced by the AMCs’ Sponsor, its associates and other stakeholders. Also, the trustees should ensure that undue or unfair advantage is not given by AMCs to any of their associates/group entities.
BUSINESS
Motilal Oswal Nifty Microcap 250 Index Fund garners Rs 120 crore during NFO period
Motilal Oswal Nifty Microcap 250 Index Fund, which mimics Nifty Microcap 250 Index, is designed to measure the performance of the top 250 companies, excluding those already present in the Nifty 500 constituents.
BUSINESS
Filing ITR for crypto gains? Here’s what you need to know | Simply Save
Investors should disclose all their centralised exchange wallets, international wallets as well as decentralised finance wallets in the income tax form, says Indy Sarker, co-founder of TaxCryp.
BUSINESS
Bond market teaches you why even a single basis point matters a lot: A Balasubramanian
The managing director and chief executive officer of Aditya Birla Sun Life Mutual Fund credits his growth to the Birla Group’s culture of spending time building people’s careers.
BUSINESS
Microcaps can be multibaggers, but it’s a ‘chakravyuh’. Here’s a plan
Micro-caps in India often fly under the radar of research analysts, with more than 40 percent of companies receiving no analyst coverage at all and only 12 percent of the stocks having coverage by more than five analysts.
BUSINESS
Bajaj Finserv Mutual Fund makes a quiet debut, with two debt funds
Both Bajaj Finserv Overnight Fund and Bajaj Finserv Liquid Fund are designed for retail, high net worth individuals and institutional investors. The NFO of both funds opened on June 29 and will close on July 4. The company plans to launch a set of fixed income, hybrid and equity funds soon.
BUSINESS
SEBI notifies rules on roles, responsibilities of Trustees and Board of AMCs
The SEBI also approved strengthening the existing eligibility criteria for sponsors, introduced an alternative route to enable a diverse set of entities to become sponsors of Mutual Funds.
BUSINESS
Mutual Fund Review: Quant MF launches healthcare fund; should you invest?
Whether or not investors should go for the Quant Healthcare Fund depends on their individual investment goals and risk tolerance. The healthcare sector has historically been a good long-term investment, but it has also been volatile in the short term.
BUSINESS
Debt is his first choice: Rajiv Shastri’s journey from broker to CEO of a mutual fund
At NJ Mutual Fund, Shastri is walking a new path. The fund house plans to specialise in data management and launch funds that require minimal intervention. His observations about people management, heft of equity fund managers, role of debt fund managers, importance of processes and so on come across as lessons in management.
BUSINESS
MC Review: HDFC MF’s new consumption-themed fund comes with a twist. Will it work?
For investors taking exposure to consumer funds, an existing scheme with proven track record and known portfolio construction would make better sense. Also, it is unclear how eliminating cyclical consumption themes would improve performance and reduce volatility in the fund.
