Page 5 - Latest Updates on Mutual Fund
Samco MF to use six 'stress tests' for picking stocks before investing
Some of the tests include, cash flow stress, balance sheet and debt stress, and regulatory stress, fund house will initially launch a flexicap scheme followed by a global active fund and an ELSS
 "Samco MF to use six 'stress tests' for picking stocks before investing")
Record SIP numbers bring cheer to mutual fund industry
Monthly SIP book nears Rs 10,000 cr, new SIP registration & AUM hit record highs
 "Record SIP numbers bring cheer to mutual fund industry")
We'll follow rule-based active investment style: Rajiv Shastri of NJ AMC
The CEO of an asset management company run by the country's largest MF distributor talks about how the fund house plans to create a niche and avoid conflict of interest
 "We'll follow rule-based active investment style: Rajiv Shastri of NJ AMC")
Sachin Bansal-led Navi MF files seven offer for passive funds in a day
Fund house is planning to file a few more schemes with the regulator and will launch them as and when it starts getting Sebi clearance
 "Sachin Bansal-led Navi MF files seven offer for passive funds in a day")
Six Franklin MF shuttered schemes have Rs 1,981 cr cash for distribution
Sources the money will be given to investors in next few days; fund house has already returned Rs 21,080.34 cr or 84% so far
 "Six Franklin MF shuttered schemes have Rs 1,981 cr cash for distribution")
MMFs suitable for current environment, to gain on hardening interest rates
Most schemes in this category avoid taking any credit risk
 "MMFs suitable for current environment, to gain on hardening interest rates")
Sebi asks mutual fund houses to invest in NFO depending on risk level
However, the regulator has not quantified the minimum amount that needs to be invested by the fund houses.
 "Sebi asks mutual fund houses to invest in NFO depending on risk level")
Samco receives final approval from Sebi to start its MF business
With this, Samco, an online discount stock broker, will be the 45th player in the Rs 33-trillion MF space
 "Samco receives final approval from Sebi to start its MF business")
ICICI Pru Flexicap Fund collects highest ever amount of Rs 10k cr in NFO
The Flexicap fund from ICICI Prudential MF aims to follow a mix of top-down and bottom-up approach to spot opportunities in large-, mid- and small-cap spaces respectively
 "ICICI Pru Flexicap Fund collects highest ever amount of Rs 10k cr in NFO")
Nippon India MF sells Rs 217 cr worth of Reliance Home Finance shares
Three debt schemes see rise in NAVs of 2-14%
 "Nippon India MF sells Rs 217 cr worth of Reliance Home Finance shares")
Fund Pick: Why Aditya Birla Sun Life Corporate Bond Fund is a winner
The month-end assets under management of the fund rose to Rs 24,669 crore in May 2021 from Rs 15,654 crore in June 2018.
 "Fund Pick: Why Aditya Birla Sun Life Corporate Bond Fund is a winner")
Mutual fund AUM grows 3.3% sequentially in June qtr, smaller AMCs see churn
Amfu data shows fund houses such as Quant MF, Trust MF, ITI MF, PPFAS MF and PGIM India MF were top performers in terms of average AUM accretion
 "Mutual fund AUM grows 3.3% sequentially in June qtr, smaller AMCs see churn")
Makes sense to remain constructive on equities: Nimesh Shah of ICICI Pru MF
The MD and CEO of the fund house says India remains attractive as firms have deleveraged, credit growth is very low, capex cycle is yet to revive and profit-to-GDP ratio is low too
 "Makes sense to remain constructive on equities: Nimesh Shah of ICICI Pru MF")
Sebi imposes Rs 15 cr penalty on FT MF chief executive, fund managers
Regulator cites obsession with high-risk strategies without factoring concomitant risks; fund house to appeal order
 "Sebi imposes Rs 15 cr penalty on FT MF chief executive, fund managers")
Sebi fines Franklin MF Rs 5 cr, asks it to return Rs 512 cr fund mgt fees
US-headquartered asset manager has been barred from launching any new debt scheme for two years
 "Sebi fines Franklin MF Rs 5 cr, asks it to return Rs 512 cr fund mgt fees")
Investors of Franklin Templeton's shut schemes to get Rs 3,205 cr
The unitholders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore in the week starting from Monday.
Adani Total, HPCL, PI Industries: How to trade MF rejig-related stocks
Here are trading strategies for the ones that may make it to the list, and the ones likely to get demoted.
 "Adani Total, HPCL, PI Industries: How to trade MF rejig-related stocks")
Online investment platform Groww to acquire Indiabulls MF for Rs 175 cr
Online investment platform Groww on Tuesday announced that it will be acquiring Indiabulls Mutual Fund for a total consideration of Rs 175 crore.
Equity MFs see net inflows for second month but Rs 5.6K crore less
Experts blame the Covid wave for the decline in April; redemptions come down
 "Equity MFs see net inflows for second month but Rs 5.6K crore less")
Minimum 20% key AMC employee compensation to be in mutual fund units: Sebi
Allotment to be done every month; units allotted subject to 3-year lock in, says market regulator
