Mutual Funds MFs

The newest fund house is planning to float two equity and two hybrid schemes and one debt scheme

MFs present a great option if you aren't confident about investing in stocks and other asset classes on your own. But you must consider certain factors before choosing a fund house or scheme

There is no proposal to increase the overseas investment limits for domestic mutual funds at the moment, Reserve Bank Governor Shaktikanta Das said on Wednesday. Speaking to reporters at the customary post-policy review press conference, Das acknowledged that there have been requests from mutual funds and other market players for relaxations of the limits. "We have examined that. But we have not taken a positive decision on it yet. There is no proposal to increase the limits at the moment," Das said. Deputy Governor T Rabi Sankar said the same issue had come up a year ago as well and it was decided to maintain the status quo then. It can be noted that there is an overall industry-level limit of USD 7 billion for mutual funds. The RBI regulates the fund inflows and outflows into the country. Capital markets regulator Sebi had in June last year permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of USD 7 billion after a correction in stocks.

To encourage retail investors to invest in yellow metal through mutual fund route, industry body Amfi has asked the government for preferential tax treatment for Gold ETFs and Fund of Funds ahead of the Union Budget. In its budget proposals for 2023-24 to the finance ministry, Amfi has proposed that Gold ETFs and Fund of Funds (FoF), which invest 90 per cent or more of their corpus in units of Gold ETFs, should be subjected to long-term capital gains tax of 10 per cent instead of 20 per cent with indexation benefit. Alternatively, it has suggested that holding period to avail long-term capital gains taxation in respect of Gold ETFs (exchange traded funds) should be reduced from existing three years to one year. "A preferential tax treatment to financial gold offerings like Gold ETFs and Fund of Funds ...will promote the category as a gold investment avenue over other fiscally inefficient avenues like physical gold and gold jewellery. This move will be in line with the government's

Capital markets regulator Sebi on Friday cut the timelines for the payout of redemption amount and dividend to unitholders by Asset Management Companies (AMCs). In a circular, Sebi has reduced the timeline for dividends payout to seven working days from the current 15 days. It said that the record date would be two working days from the issue of public notice, wherever applicable, for the purpose of payment of dividend. "The payment of dividend to the unitholders shall be made within seven working days from the record date," the Securities and Exchange Board of India (Sebi) said. It has further reduced the timeline for redemption payout to three working days from the existing 10 working days. "The transfer of redemption or repurchase proceeds to the unitholders shall be made within three working days from the date of redemption or repurchase," Sebi said. For schemes investing at least 80 per cent of total assets in such permissible overseas investments, the transfer of redempti

Fund managers and MF distributors expect net inflows to turn positive after completion of rate hike cycle

Besides Maruti Suzuki, domestic funds added Hero Motocorp while they trimmed positions in Tata Motors, Ashok Leyland and TVS Motors

Retail investments in MF rise as flows into bank deposits drop

With foreign flows turning negative and global markets on tenterhooks, it remains to be seen if investors will continue to 'buy the dip'

Nearly 40% NFOs filed since July are for these passive debt funds

Lifting of embargo on July 1 has seen 37 new offers in July and 26 in August

On August 10, the promoters have sold 9.32 million shares or 14.45 per cent stake in the company for Rs 432 crore via bulk deals on the BSE.

Asset management companies added 51 lakh investor accounts in June quarter, taking the total tally to 13.46 crore, on increasing awareness and ease of transactions through digitisation

Exposure to debt funds and gold is essential even if current returns from these asset classes are low

Besides banks, stocks in the technology, consumer goods and automobile sector were picked up

Tata MF has filed an offer document with markets regulator Securities and Exchange Board of India (Sebi) to launch Tata Global Semiconductor Fund of Fund.

Amount contributed by MFs nearly half of that invested by FPIs

Market observers say this is an indication that money managers have turned defensive amid a spike in volatility

Private banks' weightage stood at a five-month high of 17.7%, up 90 basis points MoM and up 10 bps YoY. The sector weightage was at a 29-month low in September 2020

The industry has seen a flurry of applicants in the past few months, including Samir Arora-led Helios Capital and Rakesh Jhunjhunwala's Alchemy Capital among others