Page 6 - Latest Updates on Mutual Fund
One year of FT MF debt saga: Asset manager sees 20% drop in holdings
Market participants say if the fund house is able to put the 2020 debacle behind by returning money to investors of the six debt schemes, it can make a strong come back
 "One year of FT MF debt saga: Asset manager sees 20% drop in holdings")
Fund Pick: Canara Robeco Equity Tax Saver is a consistent outperformer
The month-end assets under management (AUM) of the fund grew from Rs 898 crore in January 2018 to Rs 1,476 crore in December 2020.
 "Fund Pick: Canara Robeco Equity Tax Saver is a consistent outperformer")
Sebi tweaks eligibility norms, paves way for fintech firms to set up AMCs
Entity can sponsor an MF even if it doesn't fulfill profitability rule; CIRP cos asked to have at least 5% public float
 "Sebi tweaks eligibility norms, paves way for fintech firms to set up AMCs")
MFs withdraw Rs 14,300 cr in October; rebound least expected in 2020
During January-May 2020, mutual funds (MFs) made a net investment of more than Rs 40,000 crore in stock markets
 "MFs withdraw Rs 14,300 cr in October; rebound least expected in 2020")
What is a passive fund and is it a safe investment option? Things to know
In this podcast, Business Standard's Sanjay Kumar Singh explains the difference between active and passive funds, why should an investor get into passive funds and more
 "What is a passive fund and is it a safe investment option? Things to know")
FT MF puts investment limits on FoF to deter arbitrage-seeking flows
So that recovery for existing investors in wind-up schemes is not impacted
 "FT MF puts investment limits on FoF to deter arbitrage-seeking flows")
Broader markets race ahead in August, even as large-caps show fatigue
Retail buyers push Nifty Smallcap up 8% in August; mid-caps jump 6% against a 2% rise in large-caps
 "Broader markets race ahead in August, even as large-caps show fatigue")
Franklin Templeton MF's shut schemes receive Rs 4,280-cr since closure
Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market
Reliance Broadcast defaults to debt schemes of Franklin Templeton MF
In a note to investors, FT MF said that it was in the process of initiating appropriate enforcement action to recover dues from the issuer and other connected parties
MF industry witnesses steep cuts in fresh allocations to equity schemes
Equity schemes mobilised Rs 13,760 crore in June, 28% below 12-month average
 "MF industry witnesses steep cuts in fresh allocations to equity schemes")
Morningstar downgrades two HDFC Mutual Fund's equity schemes to 'silver'
The equity schemes had combined asset base of over Rs 33,000 crore
 "Morningstar downgrades two HDFC Mutual Fund's equity schemes to 'silver'")
Top MFs gain larger share of industry's debt pie post-Franklin wind-up
Top-five fund houses account for over 61% of industry assets
 "Top MFs gain larger share of industry's debt pie post-Franklin wind-up")
US Federal Reserve moves to ensure liquidity in money market mutual funds
The new facility will offer "support for the flow of credit to households and businesses" by ensuring the $3.8 trillion money market mutual fund industry can sell its holdings of US Treasury bonds
 "US Federal Reserve moves to ensure liquidity in money market mutual funds")
YES Bank fiasco: Mutual funds to approach Sebi on 3-year lock-in
Nifty, Bank Nifty funds will have to sell stock after index exclusion
 "YES Bank fiasco: Mutual funds to approach Sebi on 3-year lock-in")
Don't shy away from money matters: Here's expert guide for women
Invest aggressively to deal with the challenges posed by a longer average life span and an often-curtailed work span
 "Don't shy away from money matters: Here's expert guide for women")
Nippon India Mutual Fund marks down its investment in Yes Bank to zero
In addition, the fund house has imposed a limit of Rs 2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement.
 "Nippon India Mutual Fund marks down its investment in Yes Bank to zero")
Women fund managers outperform men on delivering returns: Morningstar study
Manage Rs 3.59 trillion or 13% of MF industry assets, yet remain under-represented in the industry, constituting only 8% of the country's fund manager population
 "Women fund managers outperform men on delivering returns: Morningstar study")
Sebi ends assessment of OneLife as firm calls off bid for Sahara MF
The firm, which hit a stonewall thrice over its sponsorship bid, finally informed Sebi of its decision to withdraw due to a drop in Sahara MF's net worth and exit of top execs
 "Sebi ends assessment of OneLife as firm calls off bid for Sahara MF")
Sebi diktat hits commercial papers; traded volume slips to Rs 34,659 crore
Experts say the Sebi rule has played a part but it is also a reflection of the funding crisis that NBFCs are going through.
 "Sebi diktat hits commercial papers; traded volume slips to Rs 34,659 crore")
Sebi notifies norms, scraps upfront fees for portfolio management services
Under portfolio management services (PMS), portfolio managers offer customised investment advice to clients, typically high net worth individuals.
 "Sebi notifies norms, scraps upfront fees for portfolio management services")
