Meanwhile, fund managers were seen buying shares of companies, such as HDFC Life, Eicher Motors, and Page Industries - which are arguably a notch below the frontline names
In FY20, registrations for new independent financial advisors reduced to 8,594
Experts favour passive funds up to 40% in core and a bunch of active funds in satellite portfolio
The outflow has pulled down the assets under management of the 44-players mutual fund industry to Rs 22.26 trillion in March-end from Rs 27.23 trillion in February-end
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But they must look for a cushion of safety when taking long-term positions
Corporate investors seen pulling out funds from liquid schemes to meet their debt onligations as coronavirus takes toll on businesses
According to market participants, MF investors could decide to sit on the sidelines as several equity schemes have seen their net asset values (NAVs) dip sharply in February
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According to the Securities and Exchange Board of India (Sebi) November 2019 data, the amount deployed by mutual funds in InvITs stands at Rs 933 crore
Park them in several instruments; have three to six months' expenses kept aside as emergency fund
On the other hand, investors pumped nearly Rs 24,000 crore in equity mutual funds during July-September 2019, a surge of 35 per cent from the preceding quarter
The regulator will also prescribe a formula for profit sharing
SIP continued to be the preferred route for retail investors to invest in mutual funds as it helps them reduce market timing risk, the industry body noted.
Fund houses have particularly pruned exposure to troubled NBFCs
Fund houses attributed the fewer NFOs (new fund offers) in 2019 to tepid investors' sentiment and liquidity crisis in debt funds
This comes amid the recent uptick in markets
"As Infosys is a Nifty stock, the company is widely held in several equity schemes," said a fund manager. According to industry estimates, the stock is held in over 400 MF schemes
It was Rs 86,000 crore a year ago
Over the past few years, markets regulator Sebi has been pushing asset management companies to reach out to small towns for increasing their assets base