According to data available with the National Stock Exchange (NSE), SBI Mutual Fund bought 24 lakh shares and Aditya Birla Sun Life MF purchased 7.5 lakh shares of the pharmaceutical company for Rs 1,708.45 apiece.
Oil India, which was in the top 10 sell list in June, has moved to the top 10 buy list in July.
The tax department also wants to import details of interest income from savings bank accounts into the ITR form
MF activism in corporate governance through proxy voting and institutional votes has been on SEBI agenda for long.
Tarun Birani, Founder and CEO of TBNG Capital joins in to explain how millennials should plan their investments to be financially free by the age of 40.
The markets watchdog has issued a clarification regarding 'parking of funds in short-term deposits of scheduled commercial banks by mutual funds -- pending deployment'.
The fund house has also chalked out a plan to launch asset allocation-based products, large cap fund and an overnight fund in the coming months.
At UTI Mutual Fund, Nambiar managed UTI Long Term Equity Fund, UTI Midcap Fund, UTI India Consumer Fund, UTI Long Term Advantage Fund, and UTI Focussed Equity Fund.
A weak mutual funds (MFs) space and struggling non-banking financial companies (NBFCs) have triggered the surge as stakeholders turn risk averse
The appointment of the fund managers for another term of three years has been pending with the EPFO since April last year.
The platform, BSE StAR MF, has around 26,500 independent financial advisors (IFAs) registered with them.
Given the concerns like weak auto sales which slumped to a 19-year-low in July, SBI Mutual Fund refused to give an outlook on the markets for the near-term, pointing to the 'volatilities' on both the domestic and global fronts.
The defaults did have an impact though. Investor accounts in credit risk funds fell. But the increase in liquid funds and equity propped up the overall numbers
Net inflows into equity schemes increased to Rs 8,092 crore in July
Over the years, Indian retail investors have clearly made a shift in their investing attitudes and behaviour
Since April, AMFI has followed a new format to release data, as mandated by SEBI. The format requires categorisation of schemes into various segments, open-ended, close-ended, and equity-oriented schemes.
Taking forward certain decisions approved by SEBI's board earlier in June, the regulator has now finalised the draft amendments to the prudential norms for mutual fund schemes for investment in debt and money market instruments.
Political uncertainties were either overlooked or not anticipated by the AMCs
Across 5-year and 10-year periods, the majority of actively managed large-cap equity funds underperformed S&P BSE 100 Index
Regular inflows through SIPs have been encouraging the mutual fund industry to grow more and bring more relevant products for the investors, aligning with their financial goals and risk profiles
In early 2019 SEBI mandated mark to market fair valuation in liquid funds that uncovered the problematic debt papers in these schemes.
While the market traded in the green for most of July, a delayed monsoon, muted corporate results, an overhang on economic growth, and several other factors weighed heavy on investor sentiment.
The move is expected to impact the debt-hit DHFL’s on-going resolution process with Union Bank, a key lender
“The exposure is secured by a pledge on the listed shares of CDEL and a land parcel,” the fund house said.
Asset managers said that volatility and uncertainty in other asset classes have prompted investors to turn to safe-haven investments like gold funds or ETFs