NFOs

HDFC MF, Motilal Oswal and Samco among fund houses offering new plans

In FY24, asset management companies (AMCs) are set to try out new schemes to attract investor

SBI Mutual Fund on Monday said it has mobilised around Rs 3,600 crore in its New Fund Offer (NFO) for a dividend yield fund offering, giving it a market share of over 25 per cent in the segment. The fund house collected the amount on the back of a strong promotion in regional languages, with around 1.23 lakh applications from 70 per cent of pin codes in the country and around 40,000 new investors. The NFO of SBI Dividend Yield Fund was opened during February 20 to March 6, and it will reopen for subscriptions on March 17, the company said in a statement. With this fund collection, SBI Mutual Fund now commands over 25 per cent share, the largest in the Dividend Yield category, which now has a total assets under management of Rs 13,844 crore. The fund house believes that the category has a lot of potential and dividend yield funds should be part of an investor's portfolio, especially those looking to invest directly in equity or looking for a regular cash flow from dividends.

Aditya Birla Sun Life AMC on Tuesday said it has collected Rs 1,574 crore through its newly launched multi-asset allocation fund. The new open-ended scheme-- Aditya Birla Sun Life Multi Asset Allocation Fund -- which invests in equity, fixed income, gold, silver and real estate investment trusts (REITs) was launched on January 11. "The NFO (new fund offering) managed to garner high investor interest with investments from over 70,000 investors and collected Rs 1,574 crore as on January 31, 2023," the asset management company said in a statement. The multi-asset allocation category has emerged as a popular investment option for investors seeking asset class diversification along with a stable investment solution. A Balasubramanian, MD and CEO of Aditya Birla Sun Life AMC, said market volatility can be a challenge for investors, however the multi-asset allocation fund can provide a stable investment solution. "The fund's portfolio construction is unique and has a high focus on qualit

Scheme will invest across large-cap, mid-cap and small-cap shares, says company

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

At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally

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

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, WhiteOak said in a statement

Stick to proven fund houses with at least a 5-year track record and see how they performed over market phases

Since April, the Rs 37-trillion MF industry has not rolled out a scheme due to delay in implementation of the new norms around pooling of investor funds that were to come into effect on April 1

In a circular in October 2021, Sebi had stated that pooling of funds or units by stockbrokers and clearing members in any form or manner shall be discontinued for all mutual fund transactions

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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

25% of the collections came from Tier-II towns and more than 10% of the 150,000 applications received came via SIPs

Over two-third was collected from beyond the top 8 cities; jump in average ticket size plays its part

Domestic investors may lend support to markets in the event of any intermittent correction, say experts

The Nifty50 concluded the August expiry series with gains of 5.4 per cent; it has made higher highs and shallower lows for the last four weeks

However, the regulator has not quantified the minimum amount that needs to be invested by the fund houses.