BUSINESS
Is your FMP in troubled waters?
Total eight fund houses — ICICI Prudential, Reliance, HDFC, Adity Birla Sun Life, DSP,UTI, Kotak, DHFL Pramerica — have exposure to distressed companies from Essel Group and IL&FS.
BUSINESS
MFs see inflows of Rs 1.1 lakh crore in FY19 but down from FY18; liquid funds surprise
Fund managers attribute the fall in net inflows to lower inflows in equity fund and outflows from debt categories
BUSINESS
Mutual fund SIP collections up 38% in FY19 despite market volatility
MF industry has added 9.13 lakh SIP accounts each month on average. The average SIP size stood at around Rs 3,070 per account.
BUSINESS
VIP to get a makeover to target new-age consumers
The brand has roped in Saif Ali Khan and Kareena Kapoor Khan as brand ambassadors.
BUSINESS
MF industry poised to grow at 18 percent during 2019-20, sees over Rs 22,000 cr of outflows in March
Inflows in equity funds more than doubled in March.
BUSINESS
Jan-Mar average AUM up 3.5% QoQ; HDFC MF remains top fund house
Of the 43 fund houses, as many as 33 mutual funds witnessed growth in their asset base in the January-March quarter of 2018-19, while 10 saw a decline in their AUMs
BUSINESS
JSW Living expects revenue of Rs 250 crore from furniture biz in 2 years
The investment in the furniture brand called Forma will be approximately Rs 250 crore over the next five years.
BUSINESS
JSW Group forays into steel furniture business with Forma brand
The furniture market in India is estimated to be Rs 1,32,000 crore and is growing at a CAGR (Compounded Annual Growth Rate) of 11 percent over last 5 years.
BUSINESS
Pepperfry targets gross merchandise value of $1 billion by 2021
Pepperfry pioneered the omni-channel model in the home and furniture industry in 2014 through the launch of its first Studio in Mumbai
BUSINESS
Banking funds beat the market in March; international funds hit
Among international funds, the worst hit scheme was HSBC Brazil Fund that gave a negative average return of 7.33 percent, followed by Franklin India Feeder-Franklin European Growth Fund with negative 5.71 percent average return and Principal Global Opportunities Fund gave negative 4.94 percent average return
BUSINESS
General elections may have short term impact on markets, says Quantum MF's Atul Kumar
Over the long term, the fund house is optimistic on Indian equities. He feels India is likely to grow faster than many nations
BUSINESS
Bata aims to open 500 franchise stores in next 4-5 years
At present, Bata has 1,500 stores that also sells brands like Power and Hush Puppies
BUSINESS
V-Mart Retail's CMD Agarwal says aiming for 20% growth year-on-year
In an interview to Moneycontrol, Agarwal said that money flowing into Tier 2 and Tier 3 cities during elections will help consumer spending and consumption.
BUSINESS
SEBI asks mutual fund houses to pay withheld commissions to distributors by May 21
According to distributors, the fund houses had withheld commission including upfront commission for sales recorded before October 22, 2018 due to delay in claw back, pending ARN renewal, and incomplete KYC of folios
BUSINESS
MFs see dip in independent financial advisers registrations on lower commissions
AMFI data indicates that in Q3 FY19 the industry had added 3,346 new distributors under the individual category as against 18,555 quarter-on-quarter
BUSINESS
Godrej Consumer may hike prices in select categories: Sunil Kataria, CEO
On the question of competition in the soaps category, Kataria said that the soap segment has always been a competitive category despite 100 percent penetration.
BUSINESS
SREI Group signs term sheet to acquire AMC business of Essel Group
"A term sheet has been signed between both the parties so far which is a part of due diligence process," a source told Moneycontrol.
BUSINESS
Takeover not hostile, done with ‘dil and pyaar;’ room for negotiation with Mindtree promoters: L&T
Mindtree will remain a separate entity and not be merged with L&T Infotech
BUSINESS
Harsh Mariwala says slowdown in GDP an ‘aberration’, wants PM Modi to continue with reforms
Mariwala envisages India to grow faster than what it has grown in the past
BUSINESS
FMCG Wrap: Modern Trade market for FMCG categories rise 22% YoY
Advance setting of systems across both buying and selling, helped modern trade gain a sizeable growth advantage over general trade during the implementation of GST.
BUSINESS
IL&FS fallout: MFs junk liquid funds, roll out overnight schemes
In the last one year, overnight funds have delivered 5.5-6.5 percent average return, while liquid funds gave 6.92 percent.
BUSINESS
What is prompting investors to discontinue SIPs?
As per data with Association of Mutual Funds in India, collections via SIPs stood at Rs 8,095 crore last month - higher than January - while industry witnessed 4.96 lakh discontinuations of accounts.
BUSINESS
How many folios did MF industry add in February?
Folios are numbers designated for individual investor accounts, though one investor can have multiple accounts.
BUSINESS
Equities delivered positive return in most election years, says HSBC MF's Tushar Pradhan
In 2014, prior to the elections (December 2013-May 2013), the Sensex delivered 16 percent absolute returns. In 2009 (December 2008-May 2009), the Sensex delivered 61 percent absolute returns
