Though the mutual fund schemes investing in the low rated bonds appear to be a risky space, experts are divided about the investment worthiness of these schemes.
Top five best performing international fund included Franklin Asian Equity Fund (8.41 percent) and HSBC Asia Pacific (Ex Japan) Dividend Yield Fund (7.74 percent).
Exclude the mutual units of equity-oriented mutual fund schemes from the ambit of LTCG tax.
The re-election of National Democratic Alliance in the Lok Sabha polls with a thumping majority has paved the way for the Narendra Modi-led government to provide further impetus to the reforms process.
Four schemes of Reliance Mutual Fund--Reliance Ultra Short Duration Fund, Reliance Credit Risk Fund Reliance Strategic Debt Fund--had investment in NCDs of Reliance Home Finance.
In risk management concerns of debt segments, SEBI and the RBI look to be on same page.
The scheme would allocate 65-80 per cent in equity and equity related securities and 20-35 per cent in debt and money market securities, the company said.
A previous piece in this column flagged out this that how mutual funds going out of the way to appease the corporate borrowers from AMC funds and corporate investment clients into MF debt schemes
Mandating market-linked valuation of securities, tighter lending norms against shares are positives; AMC bailout of schemes not addressed
Founders of Wealth India Financial Services were asked to leave the company owing to differences with the platform’s PE (private equity) investors on how to run the business.
Most investors in close-ended debt schemes are corporate treasuries and institutions; retail investors have a negligible presence in closed debt schemes.
The joint venture with Toronto-headquartered Manulife will be signed by Manulife Asset Management (Singapore) Pte Ltd.
Canadian insurance multinational Manulife is entering the Indian mutual fund industry through a strategic stake buy in Mahindra Asset Management Company, a source in the financial industry told Moneycontrol.
Sources said the company is expected to announce the strategic tie-up with an Indonesian player at a press conference in Mumbai on June 21
NDIA tracks India's Nifty 50 Index, which holds the country's fifty-biggest companies listed on the National Stock Exchange (NSE), it said.
In FY19, SBI MF, Reliance MF, HSBC AMC, ICICI Securities Primary Dealership and UTI AMC were fund managers of the EPFO.
HDFC AMC is making a provision of up to 500 crore to provide liquidity to the unit holders of FMP of HDFC MF that were affected by exposure to the NCDs of Essel group companies
If unitholders enjoy the gains, shouldn’t they bear the losses as well?
ESG complaint companies have lower risk probability and are in a better position to deal with "possible negative externalities".
In 2016, Franklin Templeton India AMC had bought the troubled Jindal Steel and Power Ltd's debt securities from its debt schemes after these papers were downgraded twice earlier that year.
The liquidity arrangement may involve an aggregate outlay not more than Rs 500 crore and will be put in place shortly.
At present, most debt fund categories do not have limits on credit exposure
Since inception (Jan 1991), SBI’s ESG Fund has delivered 133.36 percent returns. As on April 30, AUM stood at Rs 2,312 crore.
On a month-on-month basis, MFs showed interest in capital goods, telecom, financials (private and PSU), and cement and chemical sectors, which witnessed an increase in weight
Data released on SEBI's website revealed that 43 mutual funds had invested Rs 274,724 crore in bank stocks in May.