Mf Schemes
With returns no better than flexi-caps, ELSS faces an uncertain future
An ELSS as a tax-saving option is mostly preferred by younger taxpayers
 "With returns no better than flexi-caps, ELSS faces an uncertain future")
Mutual fund industry AUM rises 5.7% to Rs 2.2 trillion in 2022: Amfi
The mutual fund industry added Rs 2.2 lakh crore to its asset base in 2022, driven by consistent monthly increase in SIP (Systematic Investment Plan) flows. The Assets Under Management (AUM) of the mutual fund industry rose by 5.7 per cent or Rs 2.2 lakh crore to a total Rs 39.88 lakh crore in 2022, data from the Association of Mutual Fund Industry (Amfi) showed on Tuesday. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base to Rs 37.72 lakh crore in 2021. "The industry grew at a slower pace in 2022 due to uncertainty in stock markets, and changing interest rate scenarios affecting the business environment at large. Understandably, investors have been in step with these changes by reallocating their investments between equity, debt and hybrid schemes," Gopal Kavalireddi, Head of Research at FYERS, said. While, the growth of 42-player mutual fund space in 2021 was mainly braced by a rally in the stock markets. The incre
 "Mutual fund industry AUM rises 5.7% to Rs 2.2 trillion in 2022: Amfi")
Sebi sets lower single-issuer limits for mutual fund debt schemes
Credit-risk rating based limits introduced for all new schemes; existing schemes to be grandfathered
 "Sebi sets lower single-issuer limits for mutual fund debt schemes")
SIP account redemptions rise to 11-mth high as investors dip into savings
Investors pulled out around Rs 6,580 crore from their SIP accounts in MF schemes for the pre-festive splurge
 "SIP account redemptions rise to 11-mth high as investors dip into savings")
Net inflows into equity MFs jump 130% to Rs 14,100 crore in September
SIP inflows surged 2 per cent month-on-month (MoM) in September to Rs 12,980 crore, according to the latest data released by the Association of Mutual Funds in India (Amfi).
 "Net inflows into equity MFs jump 130% to Rs 14,100 crore in September")
A year since mkt high, 80% active largecap funds struggle to top benchmarks
The trend is completely the opposite with smallcaps, with 80% schemes surpassing their benchmarks
 "A year since mkt high, 80% active largecap funds struggle to top benchmarks")
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, 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")
Mutual fund schemes deliver on strong market performance, shows data
Here're top-performing MF schemes in the past two years
 "Mutual fund schemes deliver on strong market performance, shows data")
Sebi issues timelines for rebalancing portfolios of mutual fund schemes
Passive breaches are generally that have not arisen due to omission and commission of Asset Management Companies (AMCs)
 "Sebi issues timelines for rebalancing portfolios of mutual fund schemes")
SBI Balanced Advantage NFO gets Rs 12,000 cr, best ever among active funds
Officials in the company said they are expecting another Rs 1,000 crore as online applications will continue till midnight
 "SBI Balanced Advantage NFO gets Rs 12,000 cr, best ever among active funds")
AIFs take digital turn as across-table deals go out of fashion due to Covid
Multiple firms look to skip physical meetings, documentation while acquiring clients
 "AIFs take digital turn as across-table deals go out of fashion due to Covid")
MF direct plans find favour in top-30 cities, catch up with regular schemes
Lower costs and ease of doing transactions are one of the few reasons investors have been moving towards such plans
 "MF direct plans find favour in top-30 cities, catch up with regular schemes")
Sebi's new skin-in-the-game framework for MFs likely to stretch AMCs
Currently, fund houses are required to invest a maximum of Rs 50 lakh per scheme
 "Sebi's new skin-in-the-game framework for MFs likely to stretch AMCs")
Edelweiss MF's IPO-focused scheme to go open-ended amid robust pipeline
The scheme was launched as a closed-end fund in February 2018, with a tenure of over three years ending June 2021
 "Edelweiss MF's IPO-focused scheme to go open-ended amid robust pipeline")
New Sebi norms on compensation: Mutual fund houses fear losing talent
To seek changes in circular asking to pay 20% salary to key staffers in scheme units
 "New Sebi norms on compensation: Mutual fund houses fear losing talent")
Wealthy PF investors may opt for debt funds as Budget changes tax rule
Budget proposes that interest on the PF contributions (employee contribution) above Rs 2.5 lakh per annum be taxable with from April 1, 2021
 "Wealthy PF investors may opt for debt funds as Budget changes tax rule")
Mutual funds stay strong in SIP game as lump sum flows dwindle since July
Industry in January registered over 1.6 million SIPs, 58 per cent more than the previous nine-month average
 "Mutual funds stay strong in SIP game as lump sum flows dwindle since July")
Debt MFs see Rs 1.1 trn inflow in Oct on robust investment in liquid funds
Gilt funds came back under investors' radar in October after witnessing net outflow for two consecutive months
 "Debt MFs see Rs 1.1 trn inflow in Oct on robust investment in liquid funds")
No merit in relaxing 10% cap on single stock investment: Sebi chief
Says cap is meant for diversification, and just because some scrip is outperforming is no reason to raise the ceiling
 "No merit in relaxing 10% cap on single stock investment: Sebi chief")
