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Mutual Funds Mfs

Bajaj Finserv MF seeks Sebi approval to launch its first five schemes TEST

The newest fund house is planning to float two equity and two hybrid schemes and one debt scheme

Bajaj Finserv MF seeks Sebi approval to launch its first five schemes TEST
Updated On : 18 Apr 2023 | 6:13 PM IST

Easy steps to help the lay investor get started investing in mutual funds

MFs present a great option if you aren't confident about investing in stocks and other asset classes on your own. But you must consider certain factors before choosing a fund house or scheme

Easy steps to help the lay investor get started investing in mutual funds
Updated On : 14 Feb 2023 | 3:09 PM IST

No proposal to increase overseas investment limits for MFs: RBI Governor

There is no proposal to increase the overseas investment limits for domestic mutual funds at the moment, Reserve Bank Governor Shaktikanta Das said on Wednesday. Speaking to reporters at the customary post-policy review press conference, Das acknowledged that there have been requests from mutual funds and other market players for relaxations of the limits. "We have examined that. But we have not taken a positive decision on it yet. There is no proposal to increase the limits at the moment," Das said. Deputy Governor T Rabi Sankar said the same issue had come up a year ago as well and it was decided to maintain the status quo then. It can be noted that there is an overall industry-level limit of USD 7 billion for mutual funds. The RBI regulates the fund inflows and outflows into the country. Capital markets regulator Sebi had in June last year permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of USD 7 billion after a correction in stocks.

No proposal to increase overseas investment limits for MFs: RBI Governor
Updated On : 08 Feb 2023 | 5:43 PM IST

Budget 2023 demands: Mutual Fund body asks for preferential tax treatment

To encourage retail investors to invest in yellow metal through mutual fund route, industry body Amfi has asked the government for preferential tax treatment for Gold ETFs and Fund of Funds ahead of the Union Budget. In its budget proposals for 2023-24 to the finance ministry, Amfi has proposed that Gold ETFs and Fund of Funds (FoF), which invest 90 per cent or more of their corpus in units of Gold ETFs, should be subjected to long-term capital gains tax of 10 per cent instead of 20 per cent with indexation benefit. Alternatively, it has suggested that holding period to avail long-term capital gains taxation in respect of Gold ETFs (exchange traded funds) should be reduced from existing three years to one year. "A preferential tax treatment to financial gold offerings like Gold ETFs and Fund of Funds ...will promote the category as a gold investment avenue over other fiscally inefficient avenues like physical gold and gold jewellery. This move will be in line with the government's

Budget 2023 demands: Mutual Fund body asks for preferential tax treatment
Updated On : 25 Nov 2022 | 8:30 PM IST

Sebi reduces timelines for redemption amount, dividend payout to 7 days

Capital markets regulator Sebi on Friday cut the timelines for the payout of redemption amount and dividend to unitholders by Asset Management Companies (AMCs). In a circular, Sebi has reduced the timeline for dividends payout to seven working days from the current 15 days. It said that the record date would be two working days from the issue of public notice, wherever applicable, for the purpose of payment of dividend. "The payment of dividend to the unitholders shall be made within seven working days from the record date," the Securities and Exchange Board of India (Sebi) said. It has further reduced the timeline for redemption payout to three working days from the existing 10 working days. "The transfer of redemption or repurchase proceeds to the unitholders shall be made within three working days from the date of redemption or repurchase," Sebi said. For schemes investing at least 80 per cent of total assets in such permissible overseas investments, the transfer of redempti

Sebi reduces timelines for redemption amount, dividend payout to 7 days
Updated On : 25 Nov 2022 | 6:09 PM IST

Investors pull out big money from debt funds despite attractive yields

Fund managers and MF distributors expect net inflows to turn positive after completion of rate hike cycle

Investors pull out big money from debt funds despite attractive yields
Updated On : 14 Nov 2022 | 10:34 PM IST

Infosys, Kotak Mahindra Bank, Maruti Suzuki among top buys for MFs in Sept

Besides Maruti Suzuki, domestic funds added Hero Motocorp while they trimmed positions in Tata Motors, Ashok Leyland and TVS Motors

Infosys, Kotak Mahindra Bank, Maruti Suzuki among top buys for MFs in Sept
Updated On : 13 Oct 2022 | 10:53 PM IST

Mutual funds' share in household savings jump 150% in FY22: RBI data

Retail investments in MF rise as flows into bank deposits drop

Mutual funds' share in household savings jump 150% in FY22: RBI data
Updated On : 28 Sep 2022 | 10:31 PM IST

Street Signs: 'Buy the dip' strategy, health care stocks gain, and more

With foreign flows turning negative and global markets on tenterhooks, it remains to be seen if investors will continue to 'buy the dip'

Street Signs: 'Buy the dip' strategy, health care stocks gain, and more
Updated On : 19 Sep 2022 | 6:15 AM IST

Fund houses set to launch a slew of target maturity funds in coming months

Nearly 40% NFOs filed since July are for these passive debt funds

Fund houses set to launch a slew of target maturity funds in coming months
Updated On : 14 Sep 2022 | 11:00 PM IST

With one launch per day, NFOs are back with all guns blazing

Lifting of embargo on July 1 has seen 37 new offers in July and 26 in August

With one launch per day, NFOs are back with all guns blazing
Updated On : 06 Sep 2022 | 10:26 PM IST

Kirloskar Pneumatic soars 7%, hits record high as MFs acquire over 6% stake

On August 10, the promoters have sold 9.32 million shares or 14.45 per cent stake in the company for Rs 432 crore via bulk deals on the BSE.

Kirloskar Pneumatic soars 7%, hits record high as MFs acquire over 6% stake
Updated On : 11 Aug 2022 | 12:22 PM IST

India adds 5.1 million new mutual fund investor accounts in June quarter

Asset management companies added 51 lakh investor accounts in June quarter, taking the total tally to 13.46 crore, on increasing awareness and ease of transactions through digitisation

India adds 5.1 million new mutual fund investor accounts in June quarter
Updated On : 10 Jul 2022 | 12:13 PM IST

Don't be over-obsessed with equities, book profits if you haven't already

Exposure to debt funds and gold is essential even if current returns from these asset classes are low

Don't be over-obsessed with equities, book profits if you haven't already
Updated On : 19 Dec 2021 | 10:14 PM IST

MFs lap up banks amid FPI selloff, pump in Rs 8,000 cr in three lenders

Besides banks, stocks in the technology, consumer goods and automobile sector were picked up

MFs lap up banks amid FPI selloff, pump in Rs 8,000 cr in three lenders
Updated On : 14 Dec 2021 | 11:46 PM IST

Domestic MFs line up chip funds as stocks soar

Tata MF has filed an offer document with markets regulator Securities and Exchange Board of India (Sebi) to launch Tata Global Semiconductor Fund of Fund.

Domestic MFs line up chip funds as stocks soar
Updated On : 30 Nov 2021 | 1:23 AM IST

At over Rs 36,000 cr, India sees record anchor investment in IPOs this year

Amount contributed by MFs nearly half of that invested by FPIs

At over Rs 36,000 cr, India sees record anchor investment in IPOs this year
Updated On : 24 Nov 2021 | 12:06 AM IST

MFs load up on tech stocks in Oct; HCL Tech, TCS, Infosys among most sought

Market observers say this is an indication that money managers have turned defensive amid a spike in volatility

MFs load up on tech stocks in Oct; HCL Tech, TCS, Infosys among most sought
Updated On : 20 Nov 2021 | 1:54 AM IST

MFs raise bank, automobile holdings in October: Motilal Oswal report

Private banks' weightage stood at a five-month high of 17.7%, up 90 basis points MoM and up 10 bps YoY. The sector weightage was at a 29-month low in September 2020

MFs raise bank, automobile holdings in October: Motilal Oswal report
Updated On : 16 Nov 2021 | 10:16 PM IST

Two new players apply for licence to join the Rs 37-trillion MF market

The industry has seen a flurry of applicants in the past few months, including Samir Arora-led Helios Capital and Rakesh Jhunjhunwala's Alchemy Capital among others

Two new players apply for licence to join the Rs 37-trillion MF market
Updated On : 16 Nov 2021 | 1:12 AM IST