A total of Rs 44,487 crore was collected through such investment plans in April-September 2018, as per the Association of Mutual Funds in India (AMFI).
In December 2017 SEBI pushed further steps towards schemes consolidation through a Categorization and Rationalization of schemes within an AMC to keep clear cut distinct and simply understandable schemes.
BNP Paribas Asset Management is a subsidiary of BNP Paribas Asset Management Asia.
Investors seem to have stayed off credit risk funds following numerous credit events, indicating a sharp decline in their risk appetite
The court said that the existing restraint on DHFL on making payments to third parties will continue
Liquid funds saw an outflow of Rs 1.41 lakh crore as against an inflow of Rs 79,000 crore in August
Shah, with over 17 years of experience, had joined BNP Paribas Asset Management in March 2011.
Kimura believes that the mutual fund industry can avoid debt crisis through robust credit analysis and risk management systems.
Liquid funds, which are used by banks and corporates to park surplus cash, recorded the highest amount of outflows last month
Depending on the time in hand before your planned vacation, you have the option to choose from liquid funds to ultra-short-term funds.
The company will continue to operate without any change in structure and management
Industry experts attributed the minimal rise in average AUM to outflows from debt funds, particularly credit risk funds
For first-time investors, Kumar recommended dynamic equity asset allocation funds which auto-adjust equity allocation based on market valuations.
As of August 2019, 15 percent or Rs 3.99 lakh crore of industry’s assets came from B30 locations.
The government seems to have provided a major fillip to the economy and market sentiment, along with the 110 bps rate cut by RBI.
Not too long ago, mutual fund investment was perceived to be for the rich alone. But now with ample awareness around the subject, the focus has shifted to make it a more inclusive affair.
Under this approach, all traded securities would be valued on the basis of traded yields, subject to identification of outlier trades by the valuation agencies.
According to data collated by ACEMF, 63 equity schemes were holding more than 10 percent in cash and cash equivalent as on September 20.
The new rule, applicable from April 1 next year, is aimed at improving risk management and ensuring sufficient liquidity, the Securities and Exchange Board of India (Sebi) said in a circular.
The mutual fund industry's total Average Assets Under Management (AAUM) came in at Rs 25.64 lakh crore last month as against Rs 25.81 lakh crore in the preceding month and Rs 25.2 lakh crore in August 2018.
With this, total SIP contribution in the first five months of the current fiscal rose to Rs 41,098 crore as compared to Rs 36,760 crore in April-August 2018, as per the Association of Mutual Funds in India (AMFI).
The move will help prevent the distressed assets from damaging the returns generated from more liquid and better-performing assets.
Folios are numbers designated to individual investor accounts. An investor can have multiple folios.
An industry official explained that who will take responsibility for goods lying in the warehouse of the custodian is one of the reasons why no one wants to assume the role of the commodity custodian