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.
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.
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.
In December 2017 SEBI pushed further steps towards schemes consolidation through a Categorization and Rationalization of schemes within an AMC to keep clear cut distinct and simply understandable schemes.
Investors seem to have stayed off credit risk funds following numerous credit events, indicating a sharp decline in their risk appetite
The court said that the existing restraint on DHFL on making payments to third parties will continue
Shah, with over 17 years of experience, had joined BNP Paribas Asset Management in March 2011.
Liquid funds, which are used by banks and corporates to park surplus cash, recorded the highest amount of outflows last month
Depending on the time in hand before your planned vacation, you have the option to choose from liquid funds to ultra-short-term funds.
The company will continue to operate without any change in structure and management
Industry experts attributed the minimal rise in average AUM to outflows from debt funds, particularly credit risk funds
For first-time investors, Kumar recommended dynamic equity asset allocation funds which auto-adjust equity allocation based on market valuations.
As of August 2019, 15 percent or Rs 3.99 lakh crore of industry’s assets came from B30 locations.
According to data collated by ACEMF, 63 equity schemes were holding more than 10 percent in cash and cash equivalent as on September 20.
The scheme will deploy at least 65 percent of its assets in equity and equity-related instruments across market capitalisation, while up to 35 percent will be deployed in fixed income and money market instruments.
In August, SIP inflows were Rs 8,230 crore in August, slightly down from Rs 8,324 crore in July.
Liquid funds continued to see robust inflows of Rs 79,428 crore in August as against inflows of Rs 45,441 lakh crore in July
Google data shows the increasing usage of online channels was from B15 cities
Agarwal, who has more than 12 years of experience, worked with Centrum Broking as Senior Vice President-Fund Manager. He has also been associated with Lehman Brothers and Barclays Wealth
The difference between the minimum and maximum SIP returns also narrowed with the increase in the investment horizon
Top 10 equity schemes that outperformed their benchmarks are Axis Mutual Fund, Motilal Oswal Mutual Fund, Edelweiss Mutual Fund, DSP Mutual Fund Fund, and IDBI Mutual Fund.
A substantial part of the initiatives taken by SEBI is related to debt funds
AMCs will have to take approval from the board and trustees before signing the ICA
According to data from CARE Ratings, total exposure to NBFCs fell to 14 percent from 14.9 percent while exposure to government securities went up to 5.1 percent in July 2019 from 3.7 percent in April 2019.