Page 3 - Mutual Funds Industry

Mutual funds' assets under management surge 41% to Rs 31 trillion in FY21

Assets under management (AUM) of the mutual fund industry witnessed a growth of 41 per cent in the last financial year

Aditya Birla AMC considering IPO, may join fund houses in opting to list

SBI AMC, India's largest asset manager, is said to be planning an IPO too

HDFC Mutual Fund sells 2.73% stake in Just Dial for over Rs 108 cr

The sale took place through an open market transaction

Rush for NFOs amid buoyancy in markets to offset net redemptions

Over 12 offer documents filed in a single day last week

Domestic mutual funds trim holdings in Reliance Industries, Infosys

This was in a month when the benchmark Sensex retreated 3 per cent

Equity mutual funds see outflow for seventh straight month in Jan

Equity mutual funds witnessed an outflow of Rs 9,253 crore in January

RBI raises concerns over increase in assets of money market mutual funds

The RBI said MFs showed a marked preference for long-term debt while also holding equity shares.

After Sebi mandate on multicap funds, Axis MF moves scheme to new category

Axis Mutual Fund renamed its multicap scheme and moved it to a new category where it will not be constrained by market cap restrictions

Small towns account for 16% of MF asset base; Maharashtra contributes most

Assets from B30 locations increased to Rs 4.61 trillion as of October-end from Rs 4.47 trillion at September-end, a 3 per cent growth.

Looking for a go-anywhere fund? Opt for the new flexi-cap category

The requirement that debt funds must allocate 10 per cent of their portfolio to liquid assets will improve their risk profile

What makes managing debt funds a challenge for mutual funds industry

In the last couple of decades, the regulator has had to constantly tinker with the guidelines but new problems have cropped up every few years

Sebi tweaks product labelling norms for MF industry, introduces new label

The regulator also released a detailed framework for assigning labels to various mutual fund schemes

Sebi revises disclosure norms for debt, money mkt securities transactions

To further enhance transparency, markets regulator Sebi on Tuesday revised disclosure requirements pertaining to debt and money market securities transactions for mutual funds. The new framework will come into effect from October 1, the Securities and Exchange Board of India (Sebi) said in circular. Now, the regulator has asked mutual funds to disclosedetails of debt andmoneymarketsecurities transactedin their schemes portfolio, including inter-scheme transfers, on a dailybasis witha time lag of 15 days in a prescribed format. At present, a time lag of 30 days has been been allowed. Under the new disclosure format, fund houses need to mention about name of the security, type of security, most conservative rating of security at thetime of transaction, if applicable,name of the rating agency and transaction type. Among others, they need to disclose aboutlisted status of security, name of mutual fund,scheme name, type of scheme, residual days to final maturity, deemed maturity date,

Unlock BFSI 2.0: There's no irrational exuberance in market, say MF experts

Fund managers and chief executives of mutual funds (MFs) were speaking during the fourth part of a series of webinars being organised by Business Standard under 'Unlock BFSI 2.0'

YES Bank signs agreement with White Oak to sell stake in MF arm

Private bank's mutual fund business was rudderless for while with uncertainty over bank's former leadership

At Rs 2,480 cr, equity schemes see largest outflow in seven years

Investors move towards debt, gold ETF, eyeing pockets of safety

Equity MFs witness outflows after 4 years amid Covid-19 uncertainty

Outflows stood at over Rs 3,500 crore in July as investors took advantage of market rebound amid Covid uncertainty

Amfi hired agency to carry out valuation of market-linked debentures: Sebi

The regulator has made these changes because of amendment done in rating agencies' norms, Sebi said in a circular.

What happens to investments when the holder dies without nominating anyone?

Your family could face difficulties as getting a succession certificate from court is easier said than done

Mutual funds rebalancing in May shows preference for low-beta stocks

Market observers say selling these two stocks were more of a tactical call following a sharp run-up in them during April