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Himadri Buch

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Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?

BUSINESS

Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?

Financial experts said the returns projected by Edelweiss will happen only if the ETF is held to maturity and in the event of interest rates moving up, there could be mark-to-market losses.

Simplex Infra's rating downgrade dents NAV of HDFC Credit Risk Fund by 30 bps - Is there more pain in the offing?

BUSINESS

Simplex Infra's rating downgrade dents NAV of HDFC Credit Risk Fund by 30 bps - Is there more pain in the offing?

HDFC Credit Risk Debt Fund had an exposure of Rs 124.11 crore to the secured non-convertible debentures (NCDs) issued by Simplex Infrastructures

Future Supply Chain eyes revenue of Rs 10,000 crore over 4-5 years

BUSINESS

Future Supply Chain eyes revenue of Rs 10,000 crore over 4-5 years

Future Supply Chain will continue to focus on serving consumption-driven sectors like fashion, footwear, food, FMCG, electronics, and furniture

Manulife sees potential in India's mutual fund space; expects AUM to touch Rs 42 lakh crore in 3 years

BUSINESS

Manulife sees potential in India's mutual fund space; expects AUM to touch Rs 42 lakh crore in 3 years

Manulife intends to bring in simple products to India through Mahindra AMC JV as they are keen to penetrate further in the hinterland

SIP AUM touches all-time high of Rs 3.12 lakh cr in November; inflows at Rs 8,272 cr

BUSINESS

SIP AUM touches all-time high of Rs 3.12 lakh cr in November; inflows at Rs 8,272 cr

In the calendar year 2019 so far, total inflows through SIPs stood at Rs 65,880 crore.

AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%

BUSINESS

AMFI monthly report: Outflows from credit risk funds rise, inflows into equity funds plummet 85%

Liquid funds, which are used by companies to park their surplus cash, saw inflows of Rs 6,938 in November versus inflows of Rs 93,203 crore in the preceding month

UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension for stakeholders SBI, LIC and BoB?

BUSINESS

UTI AMC-PSUs-SEBI Saga: Is it a special case treatment of SEBI relenting with extension for stakeholders SBI, LIC and BoB?

At present SBI, LIC, BoB, each hold nearly 18.5 percent stake in UTI AMC besides having their own independent mutual fund houses.

Deloitte's Re 1 advisory fee for BPCL disinvestment irks peers

BUSINESS

Deloitte's Re 1 advisory fee for BPCL disinvestment irks peers

Deloitte had quoted a similar price for its services in the divestment process of Container Corporation of India.

Mahindra AMC to launch large-,mid-cap equity fund this month, awaits SEBI mandate for pension products

BUSINESS

Mahindra AMC to launch large-,mid-cap equity fund this month, awaits SEBI mandate for pension products

In June, Toronto-headquartered Manulife picked up a 49 percent stake in Mahindra Asset Management for Rs 250 crore

Equity markets will be in resurgent mode in 2020: Anoop Bhaskar, IDFC Mutual Fund

BUSINESS

Equity markets will be in resurgent mode in 2020: Anoop Bhaskar, IDFC Mutual Fund

He said that although liquidity in the system has improved, the RBI needs to take more measures.

HDFC MF’s Prashant Jain expects mid-, small-caps to catch up with large cap rally soon

BUSINESS

HDFC MF’s Prashant Jain expects mid-, small-caps to catch up with large cap rally soon

In the last three years starting Jan 1, 2016, while BSE Sensex has surged nearly 50 percent, BSE Midcap rose 33 percent and BSE Small-Cap went up by merely 13 percent.

SEBI’s debt ETF norms comes with investment restrictions, exempts govt debt from regulations

BUSINESS

SEBI’s debt ETF norms comes with investment restrictions, exempts govt debt from regulations

A debt ETF is a collection basket of such corporate debt paper wherein the maturity duration of these bonds shall be close to each other.

Tata MF sees economic recovery after 1-2 quarters, earnings growth in 10-12% range

BUSINESS

Tata MF sees economic recovery after 1-2 quarters, earnings growth in 10-12% range

The fund house recommends investors to continue with their investments in mutual funds with a medium to long term horizon

FMCG companies aim for 100% recyclable plastic packaging by 2025

BUSINESS

FMCG companies aim for 100% recyclable plastic packaging by 2025

Most FMCG companies are taking initiatives to reduce collect and recycle multi-layered plastic

Aditya Birla Sun Life MF gets Rs 840 cr for Zee shares

BUSINESS

Aditya Birla Sun Life MF gets Rs 840 cr for Zee shares

On November 26, HDFC Asset Management Company and ICICI Prudential Asset Management Company had said that they received repayment of NCDs from Subhash Chandra-led Essel Group.

MFs say Karvy Fintech operations not affected by Karvy Stock Broking ban

BUSINESS

MFs say Karvy Fintech operations not affected by Karvy Stock Broking ban

Most AMCs are also planning to inform the investors through a letter that they need not worry about their investments in mutual fund schemes.

Essel Group clears NCD dues of ICICI Pru AMC; HDFC AMC gets partial repayment

BUSINESS

Essel Group clears NCD dues of ICICI Pru AMC; HDFC AMC gets partial repayment

HDFC Mutual Fund received a total of Rs 167 crore while ICICI Prudential AMC received Rs 270 crore from Essel Group.

Future Consumer to expand reach in general trade

BUSINESS

Future Consumer to expand reach in general trade

As on date, 25 percent of total Future Consumer’s sales are coming from outside the Future Group network and this will increase further as more and more brands get introduced into the general trade.

Axis Mutual Fund aims to garner Rs 800-1000 crore via retirement savings fund NFO

BUSINESS

Axis Mutual Fund aims to garner Rs 800-1000 crore via retirement savings fund NFO

The iPlus SIP Insurance facility offers investors a complimentary life cover that is equal to the remaining commitment of their long-term SIPs

Fund manager Prashant Jain's ESOPs now at Rs 343 crore as HDFC AMC share price doubles

BUSINESS

Fund manager Prashant Jain's ESOPs now at Rs 343 crore as HDFC AMC share price doubles

The employee stock options (ESOPs) allotted to Managing Director Milind Barve, who owns 11.7 lakh shares, is now valued at approximately Rs 433 crore

DHFL crisis | Is it too late for MFs to pressure Wadhawans to recover money?

BUSINESS

DHFL crisis | Is it too late for MFs to pressure Wadhawans to recover money?

In October, Edelweiss Mutual Fund, Reliance Mutual Fund (now Nippon India Mutual Fund), Axis Mutual Fund, Tata Mutual Fund had moved NCLT seeking recovery of their dues from DHFL

Retailers may be forced to extend Diwali sales push till Christmas

BUSINESS

Retailers may be forced to extend Diwali sales push till Christmas

In November too, there have been huge advertisements of after-Diwali offers by retailers such as Big Bazaar, Spencer and Reliance Fresh

Average ticket size of retail investors down 23% to Rs 59,201 in 2019

BUSINESS

Average ticket size of retail investors down 23% to Rs 59,201 in 2019

Mutual fund experts attributed the drop to the entry of new investors.

How Muthoot Finance can leverage its IDBI AMC buy

BUSINESS

How Muthoot Finance can leverage its IDBI AMC buy

In FY19, IDBI Asset Management managed total 22 schemes — 12 equity funds, six debt funds, two hybrid funds, one gold Fund of Funds and one Gold Exchange Traded Fund

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