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.
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
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
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
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
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.
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
BUSINESS
Essel Group stake sale in Zee: Will it release logjam for MFs?
In September, Essel group had made a part payment to the tune of Rs 2,300 crore to some mutual funds when they sold a 11 percent stake
BUSINESS
SEBI move to up minimum PMS investment could benefit mutual funds
"SEBI's proposals will immensely help both the Asset Management industry as well as investors," said Sushant Bhansali, Chief Executive Officer, Ambit Asset Management.
BUSINESS
Exclusive | L&T MF CIO Soumendra Nath Lahiri resigns
Lahiri managed 17 schemes (AUM Rs 30,844 crore) at L&T Mutual Fund.
BUSINESS
Vodafone Idea debt papers in 36 schemes, time to reflect on fair value NAV for MFs
In terms of value, at the end of Oct-end Franklin Templeton Mutual Fund had the highest exposure to the tune of Rs 2,058 through six of its schems.
BUSINESS
MFs cut exposure to NBFCs, load up on corporate debt papers
According to a report by CARE Ratings, exposure of mutual funds to non-banking financial company (NBFC) stood at Rs 1.86 lakh crore in October 2019, a drop of Rs 79,000 crore since July 2018, when the NBFC crisis surfaced.
BUSINESS
SEBI disciplines valuation treatment of unrated securities
Experts feel that SEBI has now completed the circle of transparency by going ahead and issuing an additional circular on November 7 regarding the segregation of asset provisions for unrated debt papers
BUSINESS
Investors flock to mutual funds in October despite volatility, slowdown jitters
The addition of folios suggests that investors were undeterred by the market volatility.
BUSINESS
Indiabulls MF's Raghav Iyengar tipped to join Axis MF as Chief Business Officer
Axis Mutual Fund did not confirm Iyenger's appointment. However, a source at Axis Mutual Fund on condition of anonymity, said that Iyengar will be joining the company by November-end or December.
BUSINESS
Dreamery to be sold in general trade, Future Consumer’s dairy brand increases reach
For Future Group, 8-10 percent sales come from dairy products.
BUSINESS
Mutual funds wrap: SIP AUM crosses Rs 3 trillion mark, but will the momentum sustain?
The net inflows into equity mutual fund schemes fell to Rs 6,037.78 crore in October from Rs 12,622 crore a year ago while the year-on-year SIP numbers indicate a growth.
BUSINESS
Road to $5 trillion economy: Uday Kotak feels tackling these 3 challenges key
Kotak was speaking at the CII Financial Market Summit 2019.
BUSINESS
Aadhaar as e-KYC for MFs: Industry gives SEBI move a thumbs-up
"This is a step in the right direction as we had noticed lot of investors discontinuing SIPs after Aadhaar was disallowed to be used as e-KYC," said Narendra Sinha, a Mumbai-based distributor.
BUSINESS
MFs, not deterred by credit crisis or market volatility, launch 84 NFOs in 2019 so far
In 2019, the 43-player mutual funds industry launched a total of 84 new fund offers
BUSINESS
Modern trade picking up pace, outshines traditional stores
The modern trade landscape in India comprises both local and national brands
BUSINESS
Mutual funds wrap: Infosys whistleblower complaint dents October returns of IT-related schemes
Infosys whistleblower letter largely dented returns of IT funds last month.
BUSINESS
A look at why foreign investors are taking the ETF route for investing in Indian market
Pratik Oswal of Motilal Oswal Asset Management Company said most foreign institutions do not have the bandwidth for stock selection.
BUSINESS
Why retail interest is less in ETFs and more in index funds
Index mutual funds allow shareholders to reinvest their dividends automatically, commission-free. ETFs don't usually offer that service, and if they do, they are less efficient.
