Page 2 - Latest Updates on Mutual Fund
Motilal Oswal AMC to accept fresh investments in international schemes
The AMC had suspended fresh subscriptions to these schemes in Jan after the MF industry came close to breaching global investment limit
 "Motilal Oswal AMC to accept fresh investments in international schemes")
Banking funds could outperform if economic recovery continues unimpeded
Global factors causing a slowdown and overexposure to this sector are key risks
 "Banking funds could outperform if economic recovery continues unimpeded")
Investors pull out big money from debt funds despite attractive yields
Fund managers and MF distributors expect net inflows to turn positive after completion of rate hike cycle
 "Investors pull out big money from debt funds despite attractive yields")
Select segments within PSU theme could outperform amid economic uptick
Public-sector banks, defence stocks could do well; PSUs exposed to commodities are at risk
 "Select segments within PSU theme could outperform amid economic uptick")
Equity MFs favoured over debt funds despite negative stock mkt returns
The number debt scheme folios down 6% in 12 months to September 2022, equity MF folios have surged 21%; Passive schemes, which includes ETFs and index funds, have grown the fastest at 56%
 "Equity MFs favoured over debt funds despite negative stock mkt returns")
Gifts received from non-relatives of above Rs 50,000 a year are taxable
Gifts from employer become taxable once their value exceeds Rs 5,000; bonus is also taxable
 "Gifts received from non-relatives of above Rs 50,000 a year are taxable")
Maximise gain from market fall with value-averaging plan: Experts
The plain-vanilla SIP, however, is simple and doesn't require a lump sum
 "Maximise gain from market fall with value-averaging plan: Experts")
Flexicap, multicap schemes maintain large-cap skew amid global uncertainty
Large-cap companies are known to weather the market storm better, while smaller stocks tend to fall more during volatile market conditions
 "Flexicap, multicap schemes maintain large-cap skew amid global uncertainty")
Top headlines: TCS Q2 net rises 8%; Nobel economics for research on banks
The firm's consolidated revenue from operations rose 18% to Rs 55,309 crore in Q2FY23 as against Rs 46,867 crore in Q2FY22
 "Top headlines: TCS Q2 net rises 8%; Nobel economics for research on banks")
A Balasubramanian re-elected Amfi chairman, Sundeep Sikka to head ETF panel
Vishal Kapoor remains head of committee of certified distributors, Nilesh Shah and Navneet Munot stay as chief of valuation committee and equity CIO panel, respectively
 "A Balasubramanian re-elected Amfi chairman, Sundeep Sikka to head ETF panel")
Sebi gets tougher with MF industry body for dragging feet on pooling norms
Regulator also unhappy with phase-1 of two-factor authentication framework, asks Amfi for schedule and progress reports
 "Sebi gets tougher with MF industry body for dragging feet on pooling norms")
Sebi to allow confidential pre-filing of IPO documents in Sept 30 meet
The Securities and Exchange Board of India (Sebi) is set to allow confidential pre-filing of offer documents to safeguard sensitive business information
 "Sebi to allow confidential pre-filing of IPO documents in Sept 30 meet")
No online transactions in MF folios with wrong phone numbers from Oct: CAMS
According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.
 "No online transactions in MF folios with wrong phone numbers from Oct: CAMS")
Losing steam: Average NFO collection slumps in FY23, shows data
At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally
 "Losing steam: Average NFO collection slumps in FY23, shows data")
Kotak Securities buys investment platform for advisors, MF distributors
Over 2,300 distributors use the FundExpert Fintech platform to manage mutual fund portfolios worth over Rs 15,000 crore
 "Kotak Securities buys investment platform for advisors, MF distributors")
Equity mutual fund flows moderate in July, Maruti Suzuki on the top
The moderation in MF investments comes amid a revival in foreign portfolio investor (FPI) flows
 "Equity mutual fund flows moderate in July, Maruti Suzuki on the top")
Sebi defers implementation of MF holders' nomination rules till Oct 1
Markets regulator Sebi on Friday deferred the implementation of rules pertaining to nomination for mutual fund holders till October 1.
India's largest equity fund manager Prashant Jain to leave HDFC: Report
Prashant Jain was the longest-serving mutual fund manager in the industry, served for 28 years. With corpus crossing the Rs 1 trillion mark, he became the country's biggest equity fund manager in July
 "India's largest equity fund manager Prashant Jain to leave HDFC: Report")
Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort
The four entities are: Cashfree Payments, Fairex Solutions, Nearby Technologies, and Open Financial Technologies
 "Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort")
Sebi proposes insider trading rules applicability in mutual fund dealings
Capital markets regulator Sebi on Friday proposed the applicability of insider trading rules to dealing in mutual fund units to initiate enforcement actions against those who misuse non-public info
