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.
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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
The addition of folios suggests that investors were undeterred by the market volatility.
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.
In comparison, net inflows in equity and equity-linked saving schemes stood at Rs 6,489 crore in September.
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.
The 44-player industry logged an assets under management (AUM) of Rs 24.5 lakh crore in September-end, according to data from the Association of Mutual Funds in India (Amfi).
In September and October, the BSE Sensex surged 7.5 percent and BSE Midcap index rallied more than 10 percent.
"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.
In 2019, the 43-player mutual funds industry launched a total of 84 new fund offers
Fixed maturity plan, exchange traded fund (ETF), retirement, sustainable equity fund and business cycle fund are some of the themes for which the mutual fund houses have filed the applications.
Infosys whistleblower letter largely dented returns of IT funds last month.
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.
Finding alpha in the future will be harder than it was in the past as the Indian market gets more efficient over time
Individual assets have mainly come from the top 30 locations, and are primarily distributor- driven
In this article we will focus on the unlisted commercial papers (CPs) and restrictions on credit enhanced debt papers. These twin measures severely restrict mutual funds from betting on high yield papers.
According to data from Association of Mutual Funds in India, the number of folios with 44 fund houses rose to 8,56,26,244 at the end of September, from 8,52,81,222 at the end of August, registering a gain of 3.45 lakh folios.
The load reduces to 0.0065 percent on day two; 0.006percent on day three, 0.0055percent on day four; 0.005percent on day five; 0.0045 percent on day six and 0 percent from the seventh day onwards.
Every six months, S&P Dow Jones Indices publishes a report to measure the performance of mutual funds with reference to their respective benchmarks.
While SEBI permitted those mutual funds who had segregated the bad DHFL loans to join the inter-creditor agreement ICA in August 2019 with a conditions of keeping investor interest paramount , many mutual funds had not completed these conditions.
Fund managers have infused Rs 451 crore in real estate investment trusts (REITs) and Rs 8,528 crore in infrastructure investment trusts (InvITs), according to the SEBI.
In the last six months, the equity AUM (assets under management) has decreased marginally to Rs 7.58 lakh crore in Sep-end from Rs 7.56 lakh crore in May.
Prior to joining Canara Robeco MF, he was also associated in leadership roles at AVIVA Life Insurance and Kotak Mahindra Group.