SEBI's whole time member G Mahalingam was addressing 12th edition of CII Mutual Fund Summit held in Mumbai today.
This was also the fifth consecutive month that saw net monthly inflows in excess of Rs 10,000 crore.
2017 has been a blockbuster year for mutual funds. We have seen a lot of inflows and liquidity. CNBC-TV18's Kevin Lee caught up with Leo Puri, MD of UTI MF and asked him about his outlook for the coming year and for the industry going ahead.
The Securities and Exchange Board’s Whole Time Member G Mahalingam today cautioned the 43-player MF industry that the gush of inflows in the AMC industry can reverse and industry needs to be prepared for the worst.
The spokesperson confirmed that there were redemptions on the first day of listing.
With the latest inflow, total infusion in MF schemes reached Rs 3.8 lakh crore in the first eight months (April- November) of the current fiscal, latest data with Association of Mutual Funds in India (Amfi) showed.
Prior to joining Essel Finance, Berawala served as the Chief Investment Officer at Reliance Life Insurance Company
Investors continue to invest money to Mutual Funds (MFs) in November and inflows have reached all time high levels once again after August.
The market regulator clarified some norms for mutual fund classification that will make compliance easier for asset managers
The net asset value of the 'up to three years' sub-plans will be at par with the regular plans
Parampreet who has total experience of 12 years will be responsible for investments and fund management
Biometric verification will allow unit holders to invest any amount of money in the schemes of UTI Mutual Fund
The minimum application amount under the scheme is Rs 5,000 and in multiples of one rupee thereafter.
Demonetization, digital India gave a positive push to financial services sector and will continue to aid the sector, said Sundeep Sikka, Executive Director and Chief Executive Officer, Reliance Mutual Fund.
Watch the interview of Anand Shah, Deputy CEO & Head of Investments, BNP Paribas MF with Prashant Nair and Sonia Shenoy of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Looking at the average credit rating exposure of the industry, we observe that the exposure to ‘A and below’ rated securities saw a steady increase up till the end of 2015, when the Amtek Auto incident occurred.
The bank has tied up with 11 mutual funds for selling schemes
Earlier, the scheme levied an exit load of 1 percent was applicable on redemption or switch-out of units above 10 percent of investments
The scheme will invest in stocks comprising the S&P BSE Quality Index
Chawla will be managing the equity portion of the close-ended equity schemes
Unitholders will be allowed to select any date for their instalments under the monthly systematic investment plan
Young investors have an advantage since the longer you stay in the market, your investments become less risk-prone
After the rollover, the maturity date of the scheme was changed to May 31, 2018, from Nov 23
ICICI Prudential is cautioning investors as the market is expensive. “We ask people to be careful because it is not 2013 market. It is slightly expensive market so people need to be conscious,” Nimesh Shah, MD and CEO of ICICI Prudential said.
HDFC Mutual Fund has come out with HDFC Housing Opportunities Fund that focuses on the housing theme and the multiple opportunities it offers in various sectors including paints, cement, electrical and so on.