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Ambuja Cements and Adani Enterprises were also among the top five large-cap companies that witnessed selling by MFs
The mutual fund industry is expanding distribution reach, simplifying products and leveraging technology in a bid to more than double assets under management
The survey of 299 fund managers, with a combined $847 billion in assets under management, found investors were still broadly cautious, but less so than in recent months
Equity allocation varies by a big margin across schemes as fund managers use different models
'The two key factors are volatility in the stock market and the performance differential within indices'
Global entities and fund managers are keen to invest in India, Chairman of the International Financial Services Centres Authority (IFSCA) Injeti Srinivas has said, underlining the need to create a platform that intermediates global capital flows into the domestic economy. Srinivas is leading a delegation of senior officials from the International Financial Services Centre (IFSC) at GIFT City (Gujarat International Finance Tec-City), are currently in the US for meetings and roundtable discussions with American and global investors, banking and educational institutions for business opportunities. The delegation is on a visit to New York and Washington. "We had meetings with fund managers. They are all very keen to invest in India, Srinivas told PTI on Wednesday in an exclusive interview. He said the groups are happy to learn about various facilities available, apart from the regulatory comfort and overall financial ecosystem at GIFT. They were excited about the cooperation prospects
They outshine short-duration funds: Fund managers
Business Standard brings you the top headlines on Monday
Functioning of dealers at MFs & brokers may undergo greater scrutiny in coming weeks
In a statement, Axis Bank said a suo moto investigation was launched two months ago to probe potential irregularities
Investors who wish to chase alpha may use active funds and factor-based funds in the satellite portfolio
The move would be part of Prime Minister Fumio Kishida's push to narrow income disparities and achieve more equal distribution of wealth.
The latest study by Morningstar India shows that of the 399 fund managers, 32 are women, who are managing funds either as primary or secondary managers or have oversight as heads of equity or debt
RBI status quo on rates sets it apart from most other central banks, which aren't only normalising liquidity but raising interest rates to tame inflation
Like active funds, smart-beta funds carry the risk of underperformance
While the equity categories had a bumper year, the going was tough for debt fund managers
High valuations, exuberance around many new-age businesses, and the excess money floating around in the markets are a source of short-term worry
Equity MFs have emerged as a saviour in domestic markets as FPIs have continued to sell stocks
The bull run over the past year has fuelled a surge in interest in direct stock investing, especially among the millennials