Indian Mutual Fund Industry
MF magic: Rs 10,000 monthly SIP turns into Rs 8.3 cr in less than 30 yrs
An SIP investment, started in October 1996, of Rs 10,000 on a monthly basis in HDFC Top 100 Fund would have grown to Rs 8.30 crore by May 31, 2024.
Women account for only 10% of total fund managers in MF industry: Report
Women account for only 10 per cent of the total fund managers in the mutual fund industry despite a gradual increase in their numbers witnessed in the last few years, a report said on Tuesday. The Morningstar Investment Adviser India's annual report on women fund managers in the asset-management industry said the total count of women fund managers has increased from 32 last year to 42 now. Interestingly, the total number of fund managers also saw a healthy increase this year to 428 from 399 last year. "When it comes to gender diversity, the latest findings of our report show that of the 428 fund managers, 42 are women who are managing funds either as primary or secondary managers," said the Morningstar report released ahead of International Women's Day on May 8. With a meagre 9.81 per cent representation, women still remain drastically under-represented among the ranks of mutual fund managers, Morningstar said. According to the report, there were only 18 women fund managers in 201
 "Women account for only 10% of total fund managers in MF industry: Report")
Mutual funds beyond returns
They have an important role in improving corporate governance and deepening the corporate bond market
 "Mutual funds beyond returns")
Active or passive ELSS? Investment advisors divided over clear winner
Some see potential in the newly introduced passive option, other see promise in active ELSS
 "Active or passive ELSS? Investment advisors divided over clear winner")
IIFL Wealth rebrands as 360 ONE, to rename its MF, PMS and AIF schemes too
The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products
 "IIFL Wealth rebrands as 360 ONE, to rename its MF, PMS and AIF schemes too")
Subdued equity market slows mutual fund penetration, shows data
Mutual funds fail to carry high growth momentum of FY22 due to changed market conditions
 "Subdued equity market slows mutual fund penetration, shows data")
Sebi gets tougher with MF industry body for dragging feet on pooling norms
Regulator also unhappy with phase-1 of two-factor authentication framework, asks Amfi for schedule and progress reports
 "Sebi gets tougher with MF industry body for dragging feet on pooling norms")
Mutual funds, DIIs turn net buyers as market falls; FPIs net sellers
Foreign investors pull out Rs 12,000 crore after pumping in Rs 60,000 crore in July, August
 "Mutual funds, DIIs turn net buyers as market falls; FPIs net sellers")
No online transactions in MF folios with wrong phone numbers from Oct: CAMS
According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.
 "No online transactions in MF folios with wrong phone numbers from Oct: CAMS")
Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO
The firm provides digital-first distribution of personal loans, home loans and health insurance to customers without the need of physical infra
 "Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO")
Distribution commission pool of mutual funds jumps 2.3x, shows data
The sharp spike in commission comes on the back of surge in the equity markets and sustained flows into equity MF schemes
 "Distribution commission pool of mutual funds jumps 2.3x, shows data")
Prashant Jain quits HDFC AMC: Here's how the stock looks on the charts
Shares of HDFC AMC had rallied significantly post its debut in July 2018. However, after hitting a peak at Rs 3,681 in November 2019, the stock has since then declined over 50 per cent.
 "Prashant Jain quits HDFC AMC: Here's how the stock looks on the charts")
Prashant Jain, MF industry's poster boy, quits HDFC AMC after 19-year stint
Jain, an alumnus of IIT Kanpur and IIM Bangalore, has been replaced by Chirag Setalvad
 "Prashant Jain, MF industry's poster boy, quits HDFC AMC after 19-year stint")
MF industry AUM hit 11-month low, stocks of 4 firms underperform
The mutual fund industry - which makes money managing assets - has seen zero growth in 11 months.
 "MF industry AUM hit 11-month low, stocks of 4 firms underperform")
Mutual Fund industry largely under-penetrated in India, says Deepak Parekh
Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said
 "Mutual Fund industry largely under-penetrated in India, says Deepak Parekh")
Women fund manager still under-represented in Indian MF industry: Report
The latest study by Morningstar India shows that of the 399 fund managers, 32 are women, who are managing funds either as primary or secondary managers or have oversight as heads of equity or debt
 "Women fund manager still under-represented in Indian MF industry: Report")
Sebi may dilute certain clauses in controversial MF compensation circular
Regulator, industry gets into huddle ahead of October 1 deadline
 "Sebi may dilute certain clauses in controversial MF compensation circular")
Equity MFs see Rs 22,583-cr inflow in July; flexi cap contributes most
This was much higher than a net inflow of Rs 5,988 crore seen in June
 "Equity MFs see Rs 22,583-cr inflow in July; flexi cap contributes most")
Sebi's order to not impact existing schemes, says Franklin Templeton
The AMC allayed investors' fears
 "Sebi's order to not impact existing schemes, says Franklin Templeton")
Value funds shine amid broad-based rally as 'growth' trade fizzles out
Data from MF Explorer shows that maximum return generated by value funds the past one year is 96% and average is 59%
 "Value funds shine amid broad-based rally as 'growth' trade fizzles out")
