mf news

Big bet on SIPs: MFs garner over Rs 49,000-cr in Apr-Sep FY'20

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).

Baroda AMC, BNP Paribas AMC to merge

BNP Paribas Asset Management is a subsidiary of BNP Paribas Asset Management Asia.

Sebi tightens rules for debt mutual fund

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.

Small towns account for 15.3% of MF asset base, Maharashtra biggest contributor

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.

Mutual funds collection via SIP up 7.5% to Rs 8,231 cr in August amid volatile markets

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).

UTI MF creates segregated portfolio after rating downgrade of Altico Capital

The move will help prevent the distressed assets from damaging the returns generated from more liquid and better-performing assets.

Commodities mutual fund: Where’s the hold-up & what’s causing the delay?

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

SEBI wants debt securities marked to market; liquid schemes may be hit the most

The change in valuation methodology could also hit funds with exposure to treasury bills and short-term securities

DSP Mutual Fund recoveres entire dues of Rs 150 cr from DHFL

The third-largest pure-play mortgage lender had borrowed money from the fund house through the commercial paper route, but paid only half of the dues in June.

Mutual fund industry eyes Rs 100 lakh cr AUM, 10 cr investor base in next decade: AMFI

The document, targeting penetration in B30 (beyond the top) cities, was released in Mumbai in the presence of Sebi Chairman Ajay Tyagi and mutual fund industry officials.

SBI MF, Aditya Birla Sun Life buy Alkem Lab's shares worth Rs 538 crore

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.

Top 30 stocks that fund managers bought & sold in July; do you own any?

Oil India, which was in the top 10 sell list in June, has moved to the top 10 buy list in July.

Sebi provides clarity on mutual fund investments in short-term bank deposits

The markets watchdog has issued a clarification regarding 'parking of funds in short-term deposits of scheduled commercial banks by mutual funds -- pending deployment'.

Fund managers managing over Rs 6 lakh cr bet on tech, consumer & private banks in July

Total AUM of domestic MFs increased 1.2 percent MoM to Rs 24,50,000 crore in July after declining 6.5 percent in June, led by inflows in income and debt-oriented, equity and ETF schemes

BSE StAR MF processes record 8.56 lakh transactions in a single day

The platform, BSE StAR MF, has around 26,500 independent financial advisors (IFAs) registered with them.

SBI MF warns of consumption-driven consumer over-leverage

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.

Mutual fund equity inflows rise despite weak markets; SIP flows at all-time high in July

Net inflows into equity schemes increased to Rs 8,092 crore in July

Millennials almost half of new mutual fund investors in FY19

"Good performance of the stock market in 2017 where they were up about 28% amid declining interest rates on fixed deposits and savings accounts made MFs attractive for millennials," said Ankur Choudhary, co-founder and chief investment officer, Goalwise, an online mutual funds platform.

Kotak MF expects 12-15% AUM growth in FY20

Kotak AMC's asset under management is Rs 1.7 lakh crore and of which Rs 50,000 crore is in equity.

HDFC AMC posts strong Q1, should investors buy?

SEBI issued 47 warning letters to mutual fund houses in 2018-19

In a written reply to the Lok Sabha, Union minister Anurag Thakur said that Sebi, in its regulatory oversight, has noticed various irregularities with respect to functioning of mutual funds like failure to identify and appropriate all the expenses in individual schemes as per regulatory requirements.

Mahindra MF launches equity hybrid fund

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.

Who took my money: The builder or wealth adviser?

EXCLUSIVE: Canada's 132-year-old insurer Manulife picks up stake in Mahindra AMC

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.

ETF Securities Australia launches first Indian ETF in tie-up with Reliance Nippon Life AMC

NDIA tracks India's Nifty 50 Index, which holds the country's fifty-biggest companies listed on the National Stock Exchange (NSE), it said.