Page 2 - Mutual Fund Schemes
Franklin Templeton gets investors' nod for winding up six schemes
The fund house could take second vote for appointing a liquidator
 "Franklin Templeton gets investors' nod for winding up six schemes")
Sebi exempts fund managers from placing orders for passive trades
A fund manager can now authorise an AMC employee to place an order on his behalf provided the order instructions are through the electronic mode, including email, and audit trail is maintained
 "Sebi exempts fund managers from placing orders for passive trades")
Franklin Templeton: Former CEC appointed as observer for e-voting process
He served as 13th Chief Election Commissioner of India and his main assignment as CEC was to oversee the 2004 elections to the Lok Sabha
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")
PFRDA to finalise guaranteed plan with minimum return by FY21 end
Regulator to raise cap on fee of fund managers; AUM of pension funds increases by 35% to Rs 5.5 trillion
 "PFRDA to finalise guaranteed plan with minimum return by FY21 end")
Distribution platforms look at offering loans against MF units to investors
Investors can get these loans at 9-10 per cent interest rate
 "Distribution platforms look at offering loans against MF units to investors")
Trying to resolve legal issues, return investor's money: Franklin Templeton
In a letter to investors, Franklin Templeton MF President Sanjay Sapre has updated them on the winding up process of six debt income schemes
 "Trying to resolve legal issues, return investor's money: Franklin Templeton")
Amid growth hurdles, mutual fund advisors see 51% dip in new entrants
In FY20, registrations for new independent financial advisors reduced to 8,594
 "Amid growth hurdles, mutual fund advisors see 51% dip in new entrants")
As REITs, InvITs catch investors' fancy, MFs pour in Rs 12,000 cr in 2019
Fund managers infused Rs 670 crore in real estate investment trusts (REITs) and Rs 11,347 crore in infrastructure investment trusts (InvITs) last year
Big bet on SIPs: MFs garner over Rs 49,000-cr in first six months of FY20
Currently, mutual funds have 2.84 crore SIP accounts through which investors regularly invest in Indian mutual fund schemes
 "Big bet on SIPs: MFs garner over Rs 49,000-cr in first six months of FY20")
Be watchful of expense ratio you pay if your fund manager can't outperform
Coughing up a high expense ratio year after year makes no sense if your fund manager is unable to outperform
 "Be watchful of expense ratio you pay if your fund manager can't outperform")
MF schemes exposed to Altico see 1-8% dip in NAVs after rating downgrade
After corporate entity is downgraded to 'D', fund houses need to take at least 75% markdown
 "MF schemes exposed to Altico see 1-8% dip in NAVs after rating downgrade")
PGIM India funds down 21-30% after downgrade of Anil Ambani's firm
Overall, nine schemes of PGIM India (formerly DHFL Pramerica MF) were exposed
 "PGIM India funds down 21-30% after downgrade of Anil Ambani's firm")
Investors in large MF schemes to gain most as Sebi cuts total expense ratio
The cut in TER-the fees charged to investors by a fund house-will have to be done at a scheme level as per slabs set by the regulator
 "Investors in large MF schemes to gain most as Sebi cuts total expense ratio")
Readers' Corner: Mutual Funds
A grandparent, as a guardian through his/ her bank account, can invest in the name of the minor grandchild in any of the mutual fund scheme
 "Readers' Corner: Mutual Funds")
Number of mutual fund schemes rise despite Sebi's rationalisation
Six months after market regulator the Securities and Exchange Board of India (Sebi) issued guidelines for categorisation and rationalisation of mutual fund schemes, less than two per cent of schemes have undergone a merger.Between September and March this year, 15 schemes have been merged, the majority of which are debt schemes, data collated from Value Research shows. The fund count in the equity category has declined by six and that in the debt category has, in fact, gone up by 12. The total number of open-ended schemes today is higher than they were when Sebi issued its October circular.Experts believe that the number of categories under the new directive provides enough options for fund houses to continue with existing schemes under a different category. "This effectively reduces the scope for large-scale consolidation," said Vidya Bala, head-mutual fund research, FundsIndia.Sebi has broadly classified all schemes under 10 categories of equity funds, 16 categories of debt funds, ..
 "Number of mutual fund schemes rise despite Sebi's rationalisation")
Check out mutual fund schemes that gained from PSU recapitalisation
Market players say investors wanting to play the PSU banking theme can even consider exposure to exchange traded funds
 "Check out mutual fund schemes that gained from PSU recapitalisation")
Categorisation of MF schemes may impact returns
Sebi set out five broad categories for mutual fund schemes, including equity, debt and hybrid funds
 "Categorisation of MF schemes may impact returns")
Sebi wants MF schemes to give true picture of returns
Regulator seeks schemes to be benchmarked to total return index in place of price-return index
 "Sebi wants MF schemes to give true picture of returns")
Mutual fund houses file 85 new proposals with Sebi so far in 2017
SBI, HDFC, Reliance among those that have filed offer documents for NFOs
 "Mutual fund houses file 85 new proposals with Sebi so far in 2017")
