MFs

Finance Bill 2023 has introduced an amendment that will classify capital gains arising from debt mutual funds as only short-term capital gains.

As of end-February, total MF accounts was 144 million

Bajaj Finance has a retail presence that's unlike any other non-banking finance company

Says MFs using illustrations based on assumptions; disclaimers made in fine print can escape investors

Fisdom among few fintechs to generate revenue through MF distribution

The concerns shared by Sebi are splitting of transactions and churning of investments by distributors, variance in calculation of B-30 incentives among AMCs

They have an important role in improving corporate governance and deepening the corporate bond market

HCL Technologies, Dr Reddy's Lab and Tech Mahindra were among the top-sells in December

Covers 30 locations across multiple cities including Maharashtra and Gujarat.

The bull run over the past year has fuelled a surge in interest in direct stock investing, especially among the millennials

The inflow pushed the asset base of equity mutual funds (MFs) to Rs 12.8 trillion by September-end, from Rs 11.1 trillion at the end of June

The benchmark indices gained 0.3 per cent in October, while the smallcap indices ended a per cent lower

Regulator has introduced a two-tiered structure for benchmarking of schemes and all the benchmarks followed should be total return index (TRI)

Redemption of units held in demat, issuance of delivery instruction slip to depository participant to debit units for delivery to clearing corporations may continue

Asset managers have collected nearly Rs 20,000 crore of inflows via the NFO route in the past six months

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

Several MF houses bought shares of peer UTI Asset Management Company during the March quarter

Industry players say shift to high-quality paper will help them tide the turmoil

Segment reports Rs 9,115 cr inflows; Debt segment see outflows Rs 52,528 cr

Besides redemption pressure in debt market, it will make fund raising difficult for PSBs