Page 4 - Equity Funds
First quarter equity fund-raising off to best start in eight years
This was the best first quarter for IPOs since 2008, when $3.7 billion worth of IPOs had hit the market
 "First quarter equity fund-raising off to best start in eight years")
For regular income, systematic withdrawal plan is more tax-efficient option
With a tax incidence of 10% on dividend income, this is a good way to lower tax liability
 "For regular income, systematic withdrawal plan is more tax-efficient option")
More than 50% large-cap equity funds underperform their benchmark indices
More than 50 per cent of the large-cap and mid/small equity funds underperformed their respective benchmark indices for one year period ending June 30, says a report. Asia Index's S&P Indices Versus Active (SPIVA) India Scorecard, 52.87 per cent of large-cap equity funds, 56.52 per cent of mid/small-cap equity funds underperformed their respective indices, in the past one year. Large cap equity funds are compared against Large-Cap S&P BSE 100 index, while mid/small cap equities are compared against S&P BSE MidCap index. Besides, 73.83 per cent of Indian composite bond funds also underperformed their index -- S&P BSE India Bond Index. "As of June 2007, there were 118 large-cap equity funds available for investment. Out of these, 40 funds either merged or liquidated over the 10-year period ending June 30 2017 resulting in a survivorship rate of 66 per cent," Asia Index Associate Director (Global Research & Design) Akash Jain said. "Additionally, 29 ...
 "More than 50% large-cap equity funds underperform their benchmark indices")
Total return index is a more transparent benchmark
It takes into account dividend payout of constituent stocks to help investors with better ideas
 "Total return index is a more transparent benchmark")
Cash levels in equity MFs double in 4 months
Equity funds sitting on Rs 39,600 crore cash or 6% of AUM
 "Cash levels in equity MFs double in 4 months")
Why fund managers are cautioning investors against lumpsum investments
As the US elections and the US central bank meet is near, fund managers are cautious of lump-sum investments in equity MF schemes
 "Why fund managers are cautioning investors against lumpsum investments")
HDFC Top 200 to Reliance Growth, here is a list of the top wealth creating funds
The long-term track record of some leading ones confirms that high-quality equity funds can generate massive wealth for patient investors
 "HDFC Top 200 to Reliance Growth, here is a list of the top wealth creating funds")
