Page 4 - Mutual Funds

Bajaj Finserv gets regulatory license to start mutual fund business

Bajaj Finserv MF aims to create a tech-driven, multi-channel approach to serve investors across various touchpoints and geographies in order to build a future-ready asset management company

Sebi bars 21 entities from capital markets in Axis MF case: Interim order

The market regulator said it identified Rs 30.5 crore as wrongful gains accrued due to the alleged front-running activities and directed that this amount be impounded from the entities

Retail mutual fund assets base grows 9.3% to over Rs 23 trn in January

Retail investors' interest in the Indian mutual fund industry has seen an uptick with the value of assets held by them witnessing a rise of 9.3 per cent to Rs 23.4 lakh crore in January this year. In comparison, the value of assets held by retail investors in mutual funds stood at Rs 21.40 lakh crore in January 2022, latest data with the Association of Mutual Funds in India (Amfi) showed. However, the value of institutional assets has marginally decreased to Rs 17.42 lakh crore in January 2023, from Rs 17.49 lakh crore in January 2022. Industry insiders believe the increase in asset base is mostly the result of advanced SIP (Systematic Investment Plan) flows, which touched Rs 13,000-crore for the fourth time in a row in January this year. In addition, industry body Amfi has played an important role in driving awareness towards mutual funds among retail investors. As per the data, flows through SIP rose to Rs 13,856 crore in January from Rs 13,573 crore in December. This was the fo

Sebi beefs up cybersecurity measures for regulated intermediaries

Sebi has also advised the entities to encrypt sensitive and personally identifiable information (PII) data, specifically in transit, to protect its access from any attacker

Losing traction: BAFs' dream run halts even as equity market stays volatile

BAFs see outflows for four months on the trot after inflows stayed in the green for two years

Sebi aims to prune costs further for MF investors, may bring GST under TER

May also include transaction costs within total expense ratio instead of allowing it as cost of investment, say sources

Rs 40-trillion MF industry braces for industry-wide forensic audit

AMCs term it from 'positive development' to 'preventive exercise'

Invest bulk of debt portfolio in funds that have 2-5-year average maturity

Avoid exiting from the category as most of the pain caused by rate hikes is behind us

Navi Mutual Fund first to switch from active to passive ELSS fund

Becomes first fund house to shift from active to passive in ELSS

Mad money: Indulgence that keeps you disciplined

Clients with insufficient resources should be allowed a Mad Money Fund, even if it creates the risk they may not be able to meet their goals

Sebi issues consultation paper on role, obligations of mutual fund trustees

The Securities and Exchange Board of India (Sebi) has issued a consultation paper on the role and obligations of mutual fund trustees. The consultation paper is to seek views on issues related to review of role and obligations of the trustees as well as provide clarity on the role and accountability of the boards of Asset Management Companies (AMC) to safeguard unitholders' interest, across all products and services. Among others, Sebi has proposed enhancing the accountability of the board of an AMC by way of amendments to mutual fund regulations to make the board of AMC responsible for compliance with the regulations. "In view of the increasing scale and reach of the Mutual Fund industry, trustees' role in respect of unitholders' protection assumes even greater significance," it said in the consultation paper. At present, two structures are permitted for trustees under the mutual fund regulations -- corporate structure and board of trustees structure. "It may be desirable to have

Sebi to MF trustees: Do not rely on assurances, evaluate independently

These responsibilities include preventing undue influence of sponsors, market abuse by employees, unfair advantage to associates, conflict of interest between various parties and mis-selling

Equity funds log inflow of Rs 12,500 cr in Jan, small-caps top share

Inflows from SIPs have continued to counterbalance the outflows from foreign institutional investors

Decoded: What exactly is a public float and why is it so important?

Shares held by non-promoters are called public float or public shareholding

Rely on term plan-MF combo instead of going for traditional plans

Don't fall prey to the hard-selling of traditional plans that is likely to end after March 31

Union Budget 2023-24: Advantage MFs after tax blow on MLDs, insurance

Investors may divert flows towards debt funds, say experts

Nippon India AMC reports 18% YoY profit growth in Q3 to Rs 205 cr

Total income rises 5% to Rs 416 crore

Two new initiatives by Amfi ignite greater interest in MF distribution

24,000 new MF distributors join industry in 2022--that's 42% higher than 2021

Carnage in Adani group stocks shaves off Rs 24,000 cr from LIC, MF wealth

Adani group stocks have seen an overall erosion of Rs 4.18 trillion ($50 billion) of market value

Mutual funds adopt T+2 settlement cycle for redemption payouts

Move comes two months after Sebi mandated MFs to pay investors within three days of redemption