Page 17 - Mutual Funds

Equity-oriented funds drive MF assets to record high in 2021: Report

Driven by a surge in inflows into equity-oriented funds, assets under management of mutual funds surged to a record high of Rs 37.73 trn in 2021, up 22% from that in the previous year

Yes Mutual Fund rechristened as White Oak Capital Mutual Fund

Yes Asset Management's name has been changed to White Oak Capital Asset Management with effect from January 12. Further, Yes Mutual Fund will now be called White Oak Capital Mutual Fund, Aashish P Sommaiyaa, Chief Executive Officer of White Oak Capital, announced in a tweet on Thursday. He, further, said: "WhiteOakCap has filed equity MF offer documents for regulatory approval". Founded by Prashant Khemka, formerly CIO of Goldman Sachs Asset Management's India Equity and Global Emerging Markets Equity businesses, White Oak Capital group provides investment management and advisory services for equity assets of over Rs 42,000 crore. In November, White Oak Capital group announced the completion of the transaction to acquire the mutual fund business of Yes Bank. GPL Finance and Investments, a subsidiary of White Oak Capital group, had received capital markets regulator Sebi's approval to acquire Yes Asset Management from Yes Bank in September. In August 2020, the private lender had .

Assets of passive funds surge 60% to Rs 4.7 trillion in 2021, shows data

The passive schemes include index funds, exchange-traded funds (ETFs), and fund of funds (FoFs) investing overseas

Equity MFs see net inflows of Rs 25K crore in December, shows data

Tally for 2021 rises to Rs 97,000 cr; monthly SIP contributions rise to Rs 11,305 cr

Competition increases in flexi-cap funds category, shows data

The net assets under management of the flexi-cap category ballooned from Rs 75,600 crore in January 2021 to Rs 2.14 trillion as of November 2021

MF disclaimers should flow at same speed as rest of ad: Piyush Goyal

The commerce minister, who also holds the consumer affairs portfolio, added that he is willing to change the regulations if needed

Top headlines: Omicron brings curbs back, MF industry assets surge 30%

India questions China's developing country status on per capita basis. Read more about that in today's top headlines

Mutual fund industry assets surge 30% to Rs 36.17 trillion, shows data

Top players, such as Axis MF, Nippon India MF, and Kotak Mahindra MF, grew their AAUM by 32-43 per cent in a year

2022 to see tepid FPI flows into equities, MF flows to stay intact: Experts

Between Jan-Nov 2021, equity funds saw net inflows of around Rs 71,600 cr, while FPIs remained net buyers to the tune of 24,143 cr

ICICI Prudential MF silver ETF to open for subscription next week

The new fund offer (NFO) will open for subscription on January 5 and conclude on January 22

Domestic mutual funds' foreign holdings balloon 229%, shows data

Top 10 holdings account for more than 50% of assets

Rs 800 crore still stuck in multiple segregated mutual fund portfolios

The steps are taken to ensure fair treatment to all investors affected by the security

Equity mutual funds adopt 'wait and watch' policy on RBL Bank

94 equity and hybrid schemes have invested in stocks of RBL Bank worth Rs 1,996.34 crore as of end-Nov

Street signs: Nifty50 undertone still bearish, apparel retailers may gain

A move below 16,900 could result in a faster decline in the coming week, while a breach of 17,118-17,155 levels could result in better momentum on the upside

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

HSBC Mutual Fund jumps 11 spots on assets tally after L&T AMC buy

The Rs 3,188-crore purchase validates 'our view on India', says fund house

Mutual fund houses get bullish on target maturity debt funds

Nine schemes in the offing; visibility over returns key investor attraction

With more volatility likely, investors should stick to large-caps, BAFs

Market participants believe that concerns still linger in the markets and investors should continue to have higher weighting towards large-cap funds

BS Fund Manager: Will volatile markets put mutual funds to test again?

Equity MFs have emerged as a saviour in domestic markets as FPIs have continued to sell stocks

Aditya Birla Sun Life's new fund collects over Rs 2,200 crore

Aditya Birla Sun Life Mutual Fund has collected over Rs 2,200 crore from over 1.18 lakh applications for its business cycle fund, which is an open-ended equity scheme following business cycle-based investing theme. The fund was open from November 15-29, and was later reopened for subscription and has so far collected over Rs 2,200 crore, the fund house said without disclosing the current asset under management (AUM) of the fund. A Balasubramanian, MD & CEO of Aditya Birla Sun Life AMC, said the fund has attracted over 1,17,800 applications, covering more than 10,500 pin codes across T30 (top 30 cities), B30 (beyond the top 30) and emerging markets. With collection of over Rs 2,200 crore, it is one of the largest funds within this category of thematic schemes. Economic cycles are divided into four phases -- expansion, peak, contraction and slump, which all impact the markets. This fund factors in both the macroeconomic phases, as well as the industry-specific developments in its ..