Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
PPFAS Mutual Fund
PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore.
Equity mutual funds attracted Rs 15,685 crore in February, making it the highest net infusion in nine months despite significant volatility in the stock markets. This is higher than Rs 12,546 crore inflow seen in January and Rs 7,303 crore reported in December. February also saw the 24th straight month of inflows into equity-oriented mutual fund schemes, data with the Association of Mutual Funds in India (Amfi) showed on Friday. Backed by healthy inflow into equity funds, the mutual fund industry saw an inflow of Rs 9,575 crore in February. As per the data, the total net flows in equity schemes stood at Rs 15,685 crore. This was the highest level since May 2022, when equity funds attracted Rs 18,529 crore. Investors continue to invest in a disciplined manner, countering the volatility in stock markets arising out of Foreign Portfolio Investor (FPI) outflows, Gopal Kavalireddi, Head of Research at FYERS, said. Moreover, contribution from SIP (Systematic Investment Plan) has been .
What does the 2022 funding winter indicate for start-ups? Does India need PLI to become a toy manufacturing powerhouse? Will the markets see a time-wise correction in 2023? What is IPEF? Answers here
Business Standard's Puneet Wadhwa caught up with Neil Parikh, CEO of PPFAS Mutual Fund on his views on Sebi's order on capped exposure to foreign stocks and more
Individual fund houses are sitting on more cash than others. There were at least five fund houses that held more than 5% cash as of May-end
Parag Parikh Flexicap mutual fund: However, as the overseas investment curbs are yet to be lifted, all the incremental flows will be deployed only in domestic stocks
Parikh said the flagship long-term equity fund scheme has an AUM of Rs 2,300 crore, and invests in both domestic and foreign equities
Overall, valuations are somewhere in-between - that is neither excessive nor down and out where everything can be bought across-the-board, Thakkar says.