Page 3 - Mutual Funds

MFs keep the powder dry as Nifty nears 'correction', cash holdings rise

Cash holdings of equity schemes at top 20 funds rise to 6.2%; in at least four, the holdings are above 10%

BS jury picks best mutual fund managers in the debt and equity category

While mutual fund managers struggled this year as well, those in the equity category fared better

CIO Round Table: 'Debt returns are offering competition to equities'

On the earnings side, the macro drivers are positive. We expect the earnings growth to continue, says SBI Mutual Fund CIO R Srinivasan

BS Fund Manager: CEOs of top MFs quite confident about conquering Bharat

MF heads are divided over the lack of talent in the industry

Unlocking Rs 100 trillion opportunity: What lies ahead for MF industry

The mutual fund industry is expanding distribution reach, simplifying products and leveraging technology in a bid to more than double assets under management

Outflows in debt MFs continue, Rs 13,815-crore withdrawn in February

Mutual funds focussed on investing in fixed-income securities witnessed an outflow of Rs 13,815 crore in February, making it the third month of withdrawals in a row despite expectations that the rate hike cycle was nearing its end. In comparison, such funds saw an outflow of Rs 10,316 crore in January and Rs 21,947 crore in December. Prior to that, debt funds saw a net infusion of Rs 3,668 crore in November 2022, data from the Association of Mutual Funds in India (Amfi) showed. Of the 16 fixed-income or debt fund categories, nine witnessed net outflows during the month under review and the remaining six saw inflow. The heavy withdrawal was seen from liquid funds. Overall, debt funds continued to witness outflows at Rs 13,815 crore during the period under review. "With the central bank's focus on moderating inflation, the monetary policy has been tailored to ensure a disinflation process. Despite expectations around the February rate hike of 25 basis points likely being amongst the

IDFC Mutual Fund rebrands itself as Bandhan MF, fund house unveils new logo

The ninth-largest fund house's schemes to reflect the new name from Monday

Investors pour Rs 15,700 crore into equity mutual fund schemes in Feb

February inflows most in nine months, debt schemes continue to struggle

MFs warn distributors against misuse of small town-linked incentive

Move comes days after Sebi suspended practice citing misuse

Bajaj Finserv MF has the right muscle for top league, say analysts

Bajaj Finance has a retail presence that's unlike any other non-banking finance company

Change in monetary policy, rural revival can lift equities: Union AMC CEO

Systematic investment plan inflows are the cornerstone for the mutual fund industry's growth, he says

MF inflow in equities crosses Rs 1.5-trn for second straight fiscal

Thus far in FY23, MFs have pumped in a net Rs 1.53 trillion in equities till March 1, 2023, Securities and Exchange Board of India (Sebi) data show, as compared to Rs 1.72 trillion in FY22

Women's Day special: Why India must invest more in this 'asset class'

Number of women fund managers rises YoY to 42, but is still below 10% of overall figure of 428; While their count is growing, their share in AUM is declining steadily

Abating pricing pressure in US market good news for pharma funds

While the risk from USFDA strictures remains, aggressive investors may take limited bets with 5-7-year horizon

Sebi frowns on assured returns, asks MFs to remove related ads, brochures

Says MFs using illustrations based on assumptions; disclaimers made in fine print can escape investors

Small wonder: Startup cracks MF code with help from small banks

Fisdom among few fintechs to generate revenue through MF distribution

Market regulator Sebi suspends small town-linked incentive for MFs

The concerns shared by Sebi are splitting of transactions and churning of investments by distributors, variance in calculation of B-30 incentives among AMCs

Mutual funds beyond returns

They have an important role in improving corporate governance and deepening the corporate bond market

Sebi penalises individual for flouting market norms in BOI AXA Mutual Fund

Sebi has imposed a fine of Rs 10 lakh on an individual for flouting market norms in the matter of BOI AXA Mutual Fund. The individual, Shubro Sankha Das Sarma, was the Head of Operations at Bank of India Investment Managers (formerly known as BOI AXA Investment Managers). The order came after Sebi conducted an thematic inspection of BOI AXA Mutual Fund for the period August 2018 to February 2019. It was done to verify the books of accounts, records and other documents pertaining to the mutual fund with respect to Inter Scheme Transfer (IST) and valuation of downgraded debt securities. Post inspection, the regulator initiated adjudication proceedings against Bank of India Investment Managers, Rajesh Chawathe, Sandeep Dasgupta, Jayati Dasgupta, Anurupa Dasgupta, Sarma and Alok Singh for the alleged violation of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms. Out of seven entities, six entities, including Bank of India Investment Managers, settled the case with ...

Bajaj Finserv gets Sebi's approval to foray into mutual fund business

Ganesh Mohan named CEO, Nimesh Chandan to head investment team