Page 7 - Latest Updates on Mutual Fund
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")
Investments in equity MFs rose 35% QoQ to Rs 24,000 cr in Jul-Sep: Report
Over 25 per cent (more than Rs 6,000 crore) of the net flows have been directed toward the large-cap category
 "Investments in equity MFs rose 35% QoQ to Rs 24,000 cr in Jul-Sep: Report")
PPFAS mutual fund crossed AUM of over Rs 2,700 crore: Chairman Parikh
Parikh said the flagship long-term equity fund scheme has an AUM of Rs 2,300 crore, and invests in both domestic and foreign equities
 "PPFAS mutual fund crossed AUM of over Rs 2,700 crore: Chairman Parikh")
Financial gifting can have roadblocks, especially if the recipient is minor
Stocks can be easily transferred, but gifting mutual funds and life insurance to distant relatives, family or friends is more complicated
 "Financial gifting can have roadblocks, especially if the recipient is minor")
FEMA norms may raise investment bar on foreign-owned mutual funds
Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities
 "FEMA norms may raise investment bar on foreign-owned mutual funds")
Mutual fund houses approach Sebi with 125 new schemes in 2019 so far
Fund houses attributed the fewer NFOs (new fund offers) in 2019 to tepid investors' sentiment and liquidity crisis in debt funds
Tipping Point: Are you aware of large-cap funds' survivorship bias?
Why is it important to keep survivorship bias in mind?
 "Tipping Point: Are you aware of large-cap funds' survivorship bias?")
Bank stake sales in insurance, mutual fund subsidiaries hit a wall
Lenders await RBI norms on holdco structure; guidelines are likely to be finalised by year end
 "Bank stake sales in insurance, mutual fund subsidiaries hit a wall")
Mutual funds collection via SIP up 7.5% to Rs 8,231 cr in August
With this, total SIP contribution in the first five months of the current fiscal rose to Rs 41,098 crore as compared to Rs 36,760 crore in April-August 2018
 "Mutual funds collection via SIP up 7.5% to Rs 8,231 cr in August")
Sebi asks MF trustees to be more proactive, not wait for regulator to act
Sebi chief Ajay Tyagi urges MFs to be more careful investing in high-yield debt instruments and not choose returns over safety
 "Sebi asks MF trustees to be more proactive, not wait for regulator to act")
Sundaram MF withdraws DHFL side-pocket, says not in-line with Sebi norms
Proposal was not in-line with Sebi norms on creating a separate portfolio for affected asset
 "Sundaram MF withdraws DHFL side-pocket, says not in-line with Sebi norms")
Invest only in listed securities, reduce unrated debt to 5%: Sebi to MFs
Exposure to risky debt securities has emerged as a major risk for the capital market investors, including those coming through the mutual fund space
PMS investment is too risky, opt only if you have a large portfolio
Only those who have a large portfolio and the ability to select the right fund managers should opt for it
 "PMS investment is too risky, opt only if you have a large portfolio")
Govt may soon take a decision on tweaking FPI surcharge proposal
FM Sitharaman meets representatives of MFs, investment banks, FPIs
 "Govt may soon take a decision on tweaking FPI surcharge proposal")
From schemes to taxation: Expert answers to your mutual fund queries
Your CAN will help generate a consolidated account statement for all your investments in a single-view format
 "From schemes to taxation: Expert answers to your mutual fund queries")
Fund managers shying away from their own credit-risk schemes, show data
11 of the 20 credit risk schemes had nil investments from their respective fund managers
 "Fund managers shying away from their own credit-risk schemes, show data")
Mid, small-cap funds ride on Modi wave, post up to 5.4% gains in a week
According to data from Amfi, small- and mid-cap funds posted gains of 5.4 per cent and 4.6 per cent, respectively, over the past week
 "Mid, small-cap funds ride on Modi wave, post up to 5.4% gains in a week")
Reliance Mutual Fund's offer for sale fails to garner full subscription
The offering saw bids for 1.5 million shares, which was only 28 per cent of 5.3 million shares put on offer
 "Reliance Mutual Fund's offer for sale fails to garner full subscription")
IL&FS default case: Why debt fund investors need assurance right now
Amfi, mutual funds' industry body, needs to communicate with investors aggressively