Page 4 - Latest Updates on Mutual Fund
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
 "Budget 2022: MF industry seen benefiting with digital assets under tax net")
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")
PhonePe applies for MF license, joins six other fintechs awaiting Sebi nod
Most players are trying to establish a certain niche to gain a foothold into the Rs 38-trillion MF industry which has around 45 AMCs
 "PhonePe applies for MF license, joins six other fintechs awaiting Sebi nod")
Fund houses prune Nykaa, Policybazaar exposure on profit taking; up Paytm
It's profit-taking, say fund managers; increase holding in Paytm in December
 "Fund houses prune Nykaa, Policybazaar exposure on profit taking; up Paytm")
Avoid longer-duration funds as interest rates may harden: Analysts
Shorter-duration ones will see lower mark-to-market impact
 "Avoid longer-duration funds as interest rates may harden: Analysts")
Winding up of MF schemes only after majority unitholders' consent: Sebi
As part of amending the mutual fund regulations, the watchdog will make it mandatory for the funds to follow Indian Accounting Standards (Ind AS) from 2023-24 financial year onwards
 "Winding up of MF schemes only after majority unitholders' consent: Sebi")
Equity MFs mop up Rs 46,700 crore through new fund offers in 2021
Highest in 10 years, with 13 of 70 equity schemes cornering 75% of amount raised
 "Equity MFs mop up Rs 46,700 crore through new fund offers in 2021")
Diversified bets yield big payoffs: Samir Rachh of Nippon Life India MF
Samir Rachh outperforms peers despite fund's size constraints
 "Diversified bets yield big payoffs: Samir Rachh of Nippon Life India MF")
AIF assets nudge past Rs 5 trn mark, still a seventh of MF industry size
The AIF segment has grown more than 8x in past five years
 "AIF assets nudge past Rs 5 trn mark, still a seventh of MF industry size")
Short-term debt MFs likely to gain from RBI policy stance: Market players
Prices of fixed-income securities have an inverse relation with interest rates. When the latter decline, prices of fixed income securities increase and vice versa
 "Short-term debt MFs likely to gain from RBI policy stance: Market players")
MFs step up buying as markets wobble, equity scheme purchases at 4-mth high
Participants in mutual funds say corrections gave some opportunities to enter at lower levels. In November, S&P BSE Sensex lost 3.8%, while S&P BSE Midcap shed 2.33%
 "MFs step up buying as markets wobble, equity scheme purchases at 4-mth high")
PGIM India MF doubles AUM in six months to Rs 17,700 crore
The fund house has also doubled its customer folios during the first six months of the current fiscal
BS BFSI Insight Summit: MFs to stay top choice for investors, say panelists
Transparency, low cost and the variety of investment options offered drive investor preference, says a section of top MF honchos
 "BS BFSI Insight Summit: MFs to stay top choice for investors, say panelists")
Top MF execs to speak at Business Standard BFSI Insight Summit on Tuesday
The keynote speaker for the evening will be Usha Thorat, chairperson of the Mutual Fund Advisory Committee and former RBI deputy governor
 "Top MF execs to speak at Business Standard BFSI Insight Summit on Tuesday")
Sebi tweaks benchmarking norms for MFs, brings in uniformity
Regulator has introduced a two-tiered structure for benchmarking of schemes and all the benchmarks followed should be total return index (TRI)
Sebi mulls disclosure norms for MF ESG schemes, seeks public comments
Currently, top 1,000 listed firms are required to furnish a 'business responsibility and sustainability report' to the bourses, which has disclosures about ESG initiatives taken
 "Sebi mulls disclosure norms for MF ESG schemes, seeks public comments")
No room for me-too players in MF biz: Aashish Somaiyaa of White Oak Capital
While the MF industry has grown manifold over the past decade, the number of players have shrunk, says the CEO of the investment management firm in a Q&A
 "No room for me-too players in MF biz: Aashish Somaiyaa of White Oak Capital")
SIP inflows cross Rs 10,000 cr-mark for first time in a month in Sept
Equity inflows stood at Rs 8,677 cr; Debt segment saw outflows of Rs 63,910 cr
 "SIP inflows cross Rs 10,000 cr-mark for first time in a month in Sept")
Sebi tweaks MF compensation circular ahead of implementation on Oct 1
Sebi has also replaced the nomenclature 'key employees' - used in the original circular - with 'designated employees'
 "Sebi tweaks MF compensation circular ahead of implementation on Oct 1")
Non-metros help SBI MF mobilise record sum in Balanced Fund NFO
Over two-third was collected from beyond the top 8 cities; jump in average ticket size plays its part