Page 3 - Latest Updates on Mutual Fund
Sebi considers bringing MF transactions under insider trading ambit
The rules, if applied, would bring transacting in MF units at par with shares and would put the responsibility on top industry officials
 "Sebi considers bringing MF transactions under insider trading ambit")
June equity MF inflows drop 16% MoM to Rs 15,498 cr due to volatility
The figure is 18% below monthly average for the year; However, sustained inflows into SIPs endured for 16th straight month
 "June equity MF inflows drop 16% MoM to Rs 15,498 cr due to volatility")
Canara Robeco MF halts inflows from UAE investors after nation's scrutiny
This was done after FATF added UAE to the Grey List
 "Canara Robeco MF halts inflows from UAE investors after nation's scrutiny")
Nippon India MF turns off inflow tap for 5 global funds, cites limit
The fund house has suspended lump-sum subscription, switch-ins, and fresh registration of systematic investment plan/systematic transfer plan under five schemes that invest in international stocks
 "Nippon India MF turns off inflow tap for 5 global funds, cites limit")
Invest in dynamic bond funds to navigate impact of interest rate cycle
They outshine short-duration funds: Fund managers
 "Invest in dynamic bond funds to navigate impact of interest rate cycle")
Amfi stock reclassification review period nears end, lifting these stocks
Twelve stocks are moving from mid-cap to small-cap, reveals an analysis by analyst Brian Freitas of Periscope Analytics
 "Amfi stock reclassification review period nears end, lifting these stocks")
SIP and safe: Equity MF inflows strong despite market turmoil in May
Systematic investment plans help garner flows of Rs 12,286 crore in May, up Rs 423 crore in April.
 "SIP and safe: Equity MF inflows strong despite market turmoil in May")
MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report
Shift to short-term investments and IPO funding seen as reasons for trend, according to a report
 "MFs' debt exposure to NBFCs rises 14.3% to Rs 1.7 trn in March: Report")
WhiteOak Capital Asset Management plans to open 100 branches in 12-18 mnths
WhiteOak Capital Asset Management, a new entrant to the mutual fund space, is looking to open nearly 100 branches across the country in the next 12-18 months.
 "WhiteOak Capital Asset Management plans to open 100 branches in 12-18 mnths")
Domestic MF industry's average AUM grew 19% to Rs 38.37 trn in FY22
Strong inflows into equity and hybrid schemes coupled with sustained inflows through systematic investment plan (SIP) contributed to the growth in assets.
Sebi tightens rule for 'passive breaches' by MFs, effective July 1
Provision for barring fund houses from launching new schemes, charging exit load
 "Sebi tightens rule for 'passive breaches' by MFs, effective July 1")
Macquarie sees long runway for growth for Indian MF industry
AUM-to-GDP ratio still at just 15%, compared with global average of 75%
 "Macquarie sees long runway for growth for Indian MF industry")
MF assets declined faster for frontier territories amid volatility
Sharp drop in total assets under management compared to rest of the country
BoB, BNP Paribas announce MF JV with Suresh Soni as CEO
The new entity will leverage on the strengths that each partner has developed, to offer products specifically designed for retail and institutional clients in India.
 "BoB, BNP Paribas announce MF JV with Suresh Soni as CEO")
IDFC Tax Advantage (ELSS) Fund: Tax savings with long-term growth
The fund has outperformed the benchmark (S&P BSE 500 TRI) and its peers (funds ranked under the ELSS category in December 2021 CMFR) in the past 1-, 2-,3-,5-, 7- and 10-year trailing periods
 "IDFC Tax Advantage (ELSS) Fund: Tax savings with long-term growth")
Sachin Bansal-led Navi Technologies plans Rs 4,000 cr IPO, filing DRHP soon
ICICI Securities, BofA and Axis Capital are the investment banks handling the share sale
 "Sachin Bansal-led Navi Technologies plans Rs 4,000 cr IPO, filing DRHP soon")
Sachin Bansal-backed Navi MF appoints Hari Shyamsunder as CEO
He will take over from Saurabh Jain who resigned from his current role on February 28
 "Sachin Bansal-backed Navi MF appoints Hari Shyamsunder as CEO")
Hybrid funds can help investors weather choppy equity markets
Balanced hybrid funds invest between 40 per cent and 60 per cent of total assets in equity and debt
Budget 2022: MF industry seen benefiting with digital assets under tax net
Move will help more millennials come into MF fold; asset management companies also welcome surcharge rationalisation
MFs realign international offerings after Sebi diktat on subscriptions
On Friday, market regulator had, through Amfi advised stopping of subscriptions in such schemes to avoid breach of overall cap of $7 bn for investment in overseas securities
 "MFs realign international offerings after Sebi diktat on subscriptions")
