Equity Fund Managers

Prashant Jain was the longest-serving mutual fund manager in the industry, served for 28 years. With corpus crossing the Rs 1 trillion mark, he became the country's biggest equity fund manager in July

We have raised cash levels across several of our funds, both for funding redemption pressure as well as pouncing on emerging opportunities, Bhaskar said

These include capital goods, public sector banks, automobiles, oil and gas and utilities

After remaining largely inactive in May, equity fund managers pumped in Rs 6,437 crore into domestic stocks

SBI Life Insurance, HDFC and HDFC Bank attracted maximum inflows from mutual funds

To combat the ongoing phase of economic slowdown and revitalise the economy, the Reserve Bank of India (RBI) has cut rates in the past five successive monetary policy review meetings

Negative returns reflect sombre mood, especially slump in mid-cap and small-cap stocks

According to data, equity schemes added 15.2 million shares worth Rs 15 billion in June

Equity fund managers, flush with strong domestic inflows, have invested a record Rs 1.3 trillion in stocks so far this financial year. The tally is more than double that in 2016-17.Fund managers have bought shares worth Rs 117 billion a month on average in 2017-18. At a time when monthly flow through Systematic Investment Plans (SIPs) have touched a record Rs 70 billion.The managers expect the domestic economy to do well over the medium to long term, on the back of reforms initiated by the government. Most money managers have been continuously deploying the huge inflow into their schemes in the markets. Most scheme mandates don't allow cash levels to rise beyond five per cent.The recent weakness in stock markets has provided an opportunity to buy quality stocks relatively cheaper.In February alone, when key stock indices lost about five per cent, fund managers stepped up buying and bought shares worth Rs 132 bn. Stocks of automobile makers and ancillaries, selective private banks, ...

Pump in Rs 100 bn in February, most in three months

Equity fund managers pumped Rs 9,000 crore in just 10 stocks in October

Equity fund managers are sitting on a cash pile of over ~50,000 crore, say industry sources. Some even peg it at ~75,000 crore, considering the equity component of popular balanced funds.Fund managers say cash as a percentage of the corpus for several of their schemes is now in the double digits as inflows into equity schemes have been consistently high while stock valuations soar.Between January and August, equity schemes, including ELSS, have received inflows of ~81,000 crore, and balanced funds ~53,000 crore. If the equity portion of balanced funds is taken at 60 per cent, this amounts to ~32,000 crore. The overall net cash inflow that must be deployed in the equity market is thus ~1,13,000 crore. During these eight months, fund managers have invested ~70,000 crore in stocks and are sitting on ~43,000 crore cash. With an average monthly net inflow into equity schemes of ~14,000 crore, the cash pile may have comfortably crossed ~50,000 crore in September."Deployment of cash is ...

Fund managers expect the market volatility to continue and to buy at lower prices