Assets under management (AUM) of mutual fund companies that have come through the systematic investment plan (SIP) route fell marginally to Rs 3.35 lakh crore in September
The monthly SIP contribution in August fell to Rs 7,792 crore, marginally down from Rs 7,831 crore a month ago.
Liquid funds which are used by corporates to park surplus cash registered outflows of Rs 15,814 crore in August.
Currently, mutual funds have about 3.27 crore SIP folios through which investors regularly invest in schemes.
The mutual fund industry recorded total assets under management (AUM) of Rs 27.1 lakh crore in July, higher than Rs 25.5 lakh crore in June.
On April 23, Franklin Templeton Mutual Fund had said it would wind up six schemes - Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund and Franklin India Income Opportunities Fund - citing severe illiquidity and redemption pressures caused by the COVID-19 pandemic.
Here is the list of top 10 large cap mutual funds in June on the basis of returns
Mutual fund managers expect FY22 to be a more normalised year for economic growth.
"We are likely to see more bankruptcies as medium and small businesses are severely hit. Banks and finance companies are likely to rise sharply, post the moratorium period provided by the RBI to retail borrowers," said Avnish Jain.
In an interview with Moneycontrol, Navneet Munot said SBI MF is anxiously excited as it scouts for winners amidst the chaos
Fund managers are finding telecom a ‘good investment space’ given the change in dynamics
Imtaiyazur Rahman is a UTI veteran, but the mutual fund's assets under management has reduced by nearly 9% in the past two years.
Franklin Templeton had the highest exposure to the telco at Rs 2,074 crore out of the total Rs 4,500 crore, which VIL owed to the MF industry as a whole.
On Dec 19, UTI AMC filed draft red herring prospectus (DRHP) with the capital market regulator SEBI but the IPO was stuck.
The highest share (50.2 percent) of investments by debt funds are in short-term instruments with a maturity of less than 90 days
The mutual fund industry opened 6.12 lakh new folios in May, taking the overall folio count to 9.10 crore. It had added 6.82 lakh new folios in April and 9 lakh folios in March
Total MF Industry up 54% at Rs 70813.4 cr vs inflows of Rs 45,999.5 crore.
Advisers are suggesting an investment in international funds as a means to diversify across countries and currencies due to volatility in Indian equities.
Kotak Mahindra Bank will be assisting the trustees and providing independent advice, wherever required, in liquidation of assets.
Agrawal had joined DSP Mutual Fund in July 2018.
SEBI had allowed mutual funds to grandfather existing investments in unlisted debt instruments till their maturity, so as to not disrupt the market.
Kotak Mahindra Bank through its Debt Capital Markets team will work closely with Franklin Templeton Trustees, to assist with all portfolio actions in these six schemes.
The collapse of Franklin Templeton’s debt schemes added to panic redemption
Last month, mutual funds were net buyers in 44 percent of stocks
Given the environment, both corporate sector and households may remain thrifty and risk-averse, he said.