BUSINESS
More than half of large cap Indian equity funds underperformed their benchmark: SPIVA report
According to the report, as of June 2007, there were 118 large cap equity funds available for investment. Out of these 118 funds, 40 funds either merged or liquidated over the 10-year period ending June 30, 2017 resulting in a survivorship rate of 66 percent.
BUSINESS
ICICI Prudential MF alters maximum investment amount per investor for 2 debt funds
The maximum amount an investor can invest in ICICI Prudential Regular Savings Fund will be 50 crore rupees
BUSINESS
DSP BlackRock MF to launch first passive fund Equal Nifty 50 Fund on Sep 29
The scheme will remain open for subscription until Oct 13
BUSINESS
Corp earnings will improve, rates to stay lower in FY19: DSP BlackRock
Maheshwari feels equity is a better asset class in the longer term and will add more value to the portfolio.
BUSINESS
ICICI Prudential Mutual Fund seeks SEBI nod for Bharat 22 ETF
The open-ended exchange-traded fund will invest at least 95 percent of its corpus in companies constituting the underlying index
BUSINESS
Aditya Birla Sun Life MF seeks SEBI nod for open-ended exchange traded fund
The open-ended exchange traded fund will deploy up to 95 percent of its corpus in equity and equity linked instruments
BUSINESS
Arbitrage funds gain popularity amid market volatility, see 37% inflows in last 2 months
The 43-player mutual fund industry had witnessed net inflows of Rs 5,225 crore and 6,303 crore in arbitrage funds in August and July, respectively
BUSINESS
As stock market heats up, retail investors slake thirst with mutual fund SIPs
Average monthly SIP inflows in FY18 so far has been Rs 4636 crore, up 27 percent over the monthly average of Rs 3626 crore last year, according to data collated by the Association of Mutual Funds.
BUSINESS
MFs benchmark equity funds against Total Returns Index. Here's what that means
The performance of the mutual fund scheme is a function of dividend as well as the capital gains made on investments
BUSINESS
Reliance Nippon Life AMC IPO likely to hit markets by first week of Nov: Sources
This would be the first initial public offering by an asset management company in India
BUSINESS
EXCLUSIVE: LIC asks UCO Bank to appoint a nominee from LIC on bank’s board
LIC’s demand comes after its stake in Kolkata-based bank increased to 17 percent
BUSINESS
SEBI wants MFs to benchmark equity schemes against Total Returns Index
Total return, when measuring performance, reflects the actual rate of return on an investment or a pool of investments over a given evaluation period
BUSINESS
IDFC Mutual Fund open to inorganic growth in MF space: CEO Vishal Kapoor
MUTUAL-FUNDS
FMCG funds were the best performers last week, technology sector funds lag
Mutual fund experts also said that investors are increasing exposure to defensive as overall market outlook is choppy
BUSINESS
What fall in Infosys stock means for Mutual fund houses
HDFC Mutual Fund had the highest exposure of 2 percent in Infosys until June 2017
BUSINESS
Cash levels of equity mutual funds are at 5-month high. Here's what it means for investors
Fund managers have turned cautious because of high valuations
BUSINESS
Reliance Nippon Life AMC may file DRHP for IPO with SEBI today
Investment banking firms CLSA and JM Financial are likely to be the bankers to the issue
BUSINESS
Reliance Nippon Life AMC debt CIO Tripathi sees 10-yr bond yield at 6-6.25%, more rate cuts in FY18
Reliance Nippon Life Asset Management expects further easing of 25-50 bps during this financial year, mostly in the Jan-Mar quarter of FY18
BUSINESS
ICICI Prudential MF seeks SEBI nod for liquid exchange traded fund
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
BUSINESS
Banking funds outshine sectoral fund categories, while pharma funds lag
The banking sector has traditionally been considered as a proxy for the economy.
BUSINESS
Mutual Funds' AUM inch closer to record high in July led by inflows in equity, debt schemes
Increasing interest of retail investors and the on-going uptrend in the stock market have fuelled the growth in the MF industry
BUSINESS
Mirae Asset MF's Jain says low inflation, interest rates to drive consumption demand; upbeat on consumer durables
Improvement in macros like lower inflation, lower interest rates and domestic reforms will help revive earnings over time
BUSINESS
What are fund managers saying about the RBI's bi-monthly monetary policy
The Reserve Bank of India (RBI) on Wednesday cut its key lending rate —the repo rate — by 25 basis points (0.25 percentage points) to 6 percent
BUSINESS
HDFC MF's Mehrotra expects RBI to cut repo rate by 25 bps; eyes Fed rate movement
Mehrotra expects the yield curve to steepen driven by the surge of liquidity in the banking system post demonetisation.
