Mutual Fund Sector

New Mutual Fund rules: All existing investments and new investments made in debt MFs before March 31 will not be affected by the proposed mutual fund tax change

Move comes two months after Sebi mandated MFs to pay investors within three days of redemption

Naren said after a long time the need for money in the deposit market has come and we see hikes in bank deposit rates

45% respondents raised their investments as pandemic forced a rethink on financial health, 23% slashed it due to pay cuts, fall in risk-taking capacity, uncertainty in business and job loss

Credit-risk rating based limits introduced for all new schemes; existing schemes to be grandfathered

The AMC had suspended fresh subscriptions to these schemes in Jan after the MF industry came close to breaching global investment limit

Investors pulled out around Rs 6,580 crore from their SIP accounts in MF schemes for the pre-festive splurge

The common platform for MF transactions logs 350,000 registrations and 10,000 monthly logins

Vishal Kapoor remains head of committee of certified distributors, Nilesh Shah and Navneet Munot stay as chief of valuation committee and equity CIO panel, respectively

Line up new fund offers following sharp outperformance by stocks in the space

Regulator also unhappy with phase-1 of two-factor authentication framework, asks Amfi for schedule and progress reports

According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.

Over 2,300 distributors use the FundExpert Fintech platform to manage mutual fund portfolios worth over Rs 15,000 crore

DII stake in BSE 500 companies up nearly 55% in seven years

Jain, an alumnus of IIT Kanpur and IIM Bangalore, has been replaced by Chirag Setalvad

The mutual fund industry - which makes money managing assets - has seen zero growth in 11 months.

The market regulator had sought public comments on whether the PIT Regulations need to be amended to also cover the MF industry.

WhiteOak Capital Mutual Fund, the new entrant to the mutual fund space, on Thursday announced the launch of its first new fund offering WhiteOak Capital Flexi Cap Fund. It is an open-ended dynamic equity scheme investing across large, mid, and small-cap stocks. The New Fund Offering (NFO) will open on July 12 and close on July 26. The minimum investment that can be made in the fund is Rs 500, the fund house said in a statement. The key objective of the scheme is to generate long-term wealth for investors by investing across the market capitalisation spectrum. The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies across major industries, economic sectors, and market cap segments. The exit load of 1 per cent on the New Asset Value (NAV) will be applicable only if the units are redeemed within one month from the date of allotment and 'nil' thereafter. Prateek Pant, Chief Business Officer of WhiteOak Capital Mutual Fund, said the fund

Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said

Given the risk of high inflation, bond yields can harden further. However, current rates are attractive and provide good scope to start nibbling, say experts