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Equity mutual funds witnessed an outflow of Rs 10,468 crore in February, making it the eighthconsecutive monthly withdrawal, with flexi cap category accounting for most of the outflow. However, investors put in Rs 1,735 crore from debt mutual funds last month after pulling out Rs 33,409 crore in January, data from the Association of Mutual Funds in India showed on Tuesday . Overall, the mutual fund industry witnessed a net outflow of Rs 1,843 crore across all segments during the period under review, compared to Rs 35,586 crore in January. Despite the outflow,asset under management (AUM) of the mutual fund industry rose to Rs 31.64lakh crore in February-end from Rs 30.5 lakh crore in January-end. As per the data, outflow from equity and equity-linked open ended schemes was at Rs 10,468 crore in February compared to Rs 9,253 crore in January. Barring multi cap, large & mid-cap and focussed fund categories, all the equity schemes have seen outflow last month. The newly created flexi
Last year, Sebi modified scheme characteristics of 'multi-cap' schemes, wherein at least 25 per cent of the corpus had to be invested in large, mid, and small-cap stocks each
Starting this month, new Ulip plans with annual premium of over Rs 2,50,000 are proposed to be taxed in the same way as capital gains on transfer of equity-oriented MF units
Net redemptions of Rs 9,200 cr in Jan, over Rs 42,000 cr since July
Multi-cap funds saw the highest outflows among equity funds to the tune of Rs 1,903 crore
Overall, the MF industry witnessed a net inflow of Rs 98,576 crore across all segments
Capital markets regulator Sebi will restore the cut-off timing for buying and selling of equity mutual fund units to 3 pm from Monday, according to industry body Amfi.
RIL, HDFC Bank, and HDFC remained the most-sold counters
Those who have goals coming up in the near term should book profits in equity MFs
Overall, the mutual fund industry witnessed a net inflow of Rs 7,265 crore across all segments last month
Notably, all the funds fell less than their respective benchmark indices during the bear market
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Equity schemes have seen a little bit of a slowdown in 2019 as compared to the past few years
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While MF ownership is still a fourth of FPIs, given the structural uptrend in domestic equity flows, experts believe it is only a matter of time before this gap narrows further
Equity AUMs, too, rose to Rs 7 trillion from Rs 6.9 trillion in December
Redemptions at equity mutual funds climbed in 2017 amid sharp rally in stock prices. According to statistics provided by the Association of Mutual Funds in India (Amfi) equity schemes' units worth Rs 1.9 trillion were redeemed in 2017, an increase of 45 per cent from Rs 1.3 trillion redeemed in the preceding year.The redemptions could be on account of churn in portfolios by investors and also profit-taking by investors after huge appreciation seen in the market in the past four years.Thanks to the high gross sales of Rs 3.43 trillion, equity schemes still managed to garner net inflows of Rs 1.52 trillion. Also, redemptions -though high in absolute terms-- as a percentage of total sales was lower than the previous year.In 2016, the equity redemptions were nearly 70 per cent of the total sales. Last year, it declined to 55 per cent.Sector officials say that there are always a set of investors who tend to book profits after meeting their returns expectation. Investors, particularly high .
The spike in bank deposits and consequent decline in interest rates following demonetisation on November 8, 2016 has also helped mutual funds
Equity mutual funds (MFs) saw net investor inflow of Rs 20,308 crore in November, despite weakness in the stock market. This is the second time after August that equity schemes got monthly inflow in excess of Rs 20,000 crore. The average inflow for the previous four months was Rs 18,900 crore.With this, total inflow for the year is Rs 1.36 lakh crore, highest yet in a calendar year. The total of equity assets is Rs 8.3 lakh crore or 37 per cent of assets under management (AUM) in the sector, which also rose to a record Rs 22.8 lakh crore at the end of November. Overall AUM saw an increase of 6.5 per cent over the month.Barring gilt schemes and gold funds, all other fund categories had inflow. Total inflow in the sector was Rs 1.26 lakh crore, led by liquid and money market funds which brought Rs 77,400 crore.Sector executives say MFs as a product are establishing a strong connect with investors. Other factors such a lower rate of interest in bank deposits and a weak outlook in the ...