Page 2 - Mutual Fund Industry

Front-running scandal at Axis Mutual Fund set to rock $465-bn MF industry

Axis Asset Management Co, India's seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, amid an ongoing internal probe

PE investments into domestic cos fall to $6.72 bn in June quarter: Report

Private equity investments into domestic companies fell 17 per cent to USD 6.72 billion on an annual basis in the June quarter, according to a report. During the same period, the number of Private Equity (PE) deals also declined 15 per cent to 344 compared to the year-ago period. In the year-ago period, the deal value stood at USD 8.13 billion. The deal value declined by 25.1 per cent in the three months ended June compared to the 2022 March quarter when it stood at USD 8.97 billion, deal tracker Refinitiv, a London Stock Exchange group entity, said on Monday. The steep quarterly decline in the deal value was due to a 40 per cent fall in money flows to the startups space. Refinitiv said that PE investments declined 17.3 per cent to USD 6.72 billion in the June quarter from the year-ago period when the country attracted USD 8.13 billion. This was after a strong start in the first quarter. However, the total PE investments in the first six months of the year stood at USD 15.7 billi

Sebi considers bringing MF transactions under insider trading ambit

The market regulator had sought public comments on whether the PIT Regulations need to be amended to also cover the MF industry.

India equity MF inflows to remain soft in current quarter: Industry body

Inflows in India's equity mutual funds dropped more than 16% in June compared with May and are likely to remain weak in the current quarter due to worries over interest rate hikes and inflation

Domestic mutual fund industry AUM grows 14% to Rs 37.74 trn: Amfi data

Growth in assets driven by incremental flows into equity schemes

MF industry's asset base rises 14% to Rs 37.75 trn in June quarter: Amfi

Industry experts attributed increase in the AUM to inflows in the equity schemes, which reflects the growing confidence of investors.

Canara Robeco MF halts inflows from UAE investors after nation's scrutiny

This was done after FATF added UAE to the Grey List

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

MF industry's exposure to certificates of deposit up sharply since October

Industry players say banks have ramped up mobilisation via CDs in recent months amid pick-up in credit offtake

MFs collect Rs 1.08 tn via 176 NFOs in FY22 on retail investors' interest

According to the data compiled by Morningstar India, there were 176 new fund offers in 2021-22 which managed to collect a staggering Rs 1,07,896 crore during their inception stage

Smallest MFs fared worst in asset battle even as industry grew rapidly

Share of bottom 10 mutual funds has fallen to 20 bps as a proportion of assets in March 2022 from 62 bps in March 2016

Three-month NFO pause may not impact equity inflows, say industry players

Strong SIP inflows will help cushion the blow, they add

Three-month NFO pause may not impact equity inflows, say industry players

Strong SIP inflows will help cushion the blow, they add

Pause in mutual fund NFO until July 1 after 'pool account' rules kick in

The move, directed by Sebi, is to ensure "undivided attention" for proper execution of the new norms

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

MFs to keep powder dry as LIC IPO likely to hit the market next month

As of January 31, top five fund houses held Rs 23,245 crore in cash, or 4% of their total equity assets

MFs garner Rs 99,704 crore via NFOs in 2021 on sharp rally in stock market

This was way higher than 81 NFOs floated in 2020 and cumulatively, these funds were able to garner Rs 53,703 crore

Kotak Pre-IPO Opportunities Fund raises Rs 2,000 cr, closes maiden offering

The fund has already made investments worth Rs 653 crore in five deals and has another Rs 405 crore worth deals are in various stages of execution

MFs add Rs 7 trn to kitty in 2021; Omicron possible red flag for 2022

Experts believe that the new year could be tricky depending on the Omicron situation and possible interest rate hikes

Mutual funds' large-cap inclusion candidates 'under-owned', shows analysis

The top 250 stocks in the list becomes the large-cap universe for the domestic MF industry.