Page 55 - Mutual Funds
Mutual funds AUM drops 12.5% to 22 trn in Sept-end on massive outflow
The monthly drop in the asset base is mainly due to an outflow of Rs 2.3 trillion from mutual fund schemes
 "Mutual funds AUM drops 12.5% to 22 trn in Sept-end on massive outflow")
MF investors panic as stocks tumble, AMCs, advisors try to address fears
Fall in the market has impacted NAVs of almost all equity schemes, triggering concerns among those who had committed to incremental investments in recent months
 "MF investors panic as stocks tumble, AMCs, advisors try to address fears")
MFs scout for foreign investment opportunities as domestic markets teeter
Fund houses to launch schemes that will take exposures to global economies
 "MFs scout for foreign investment opportunities as domestic markets teeter")
No advisory issued to MFs to disclose exposure to Indiabulls, DHFL: Sebi
Capital market regulator Sebi Friday said it has not issued any advisory to mutual funds against rolling over of their current exposure to Indiabulls Housing Finance and Dewan Housing Finance. "It has been reported in certain sections of the media that Sebi has advised mutual funds not to roll over their current exposure to Indiabulls Housing Finance and Dewan Housing. It is clarified that Sebi has not issued any such advisory," the regulator said in a statement. The clarification follows Sebi seeking details from mutual funds about their exposure to all NBFCs and housing finance companies, amid concerns over liquidity in the system, according to sources. In recent days, shares of non-banking financial companies (NBFCs) and housing finance companies have taken a beating against the backdrop of IL&FS group entity defaulting on its debt obligations, triggering fears of liquidity crunch. The Securities and Exchange Board of India (Sebi) has sent letters to mutual funds seeking ...
 "No advisory issued to MFs to disclose exposure to Indiabulls, DHFL: Sebi")
MFs up derivatives exposure to hedge against uncertainty in equity markets
Share of equity derivatives as percentage of equity AUM at over three and a half year high
 "MFs up derivatives exposure to hedge against uncertainty in equity markets")
IL&FS crisis: Debt plan investors should thoroughly check fund's portfolio
Mutual funds' exposure to NBFCs through short-term commercial papers has risen three times since 2016
 "IL&FS crisis: Debt plan investors should thoroughly check fund's portfolio")
Tight liquidity, redemption risks make mutual funds look to banks for funds
Fund houses say IL&FS crisis needs urgent credible measures to ensure no further defaults, lower risk of contagion impact
 "Tight liquidity, redemption risks make mutual funds look to banks for funds")
Investors turn cautious on investing in MFs; closure of SIPs on the rise
One out of every three applications is for termination of plan as sentiment takes a hit
 "Investors turn cautious on investing in MFs; closure of SIPs on the rise")
Sebi's cuts for MFs to be costly affair for new distributors, smaller AMCs
Distributors fear that once again they will have to do the heavy lifting as the industry tries to absorb these cuts
 "Sebi's cuts for MFs to be costly affair for new distributors, smaller AMCs")
Debt MFs see outflow of Rs 68 bn in Aug on weak rupee, rising oil prices
In comparison, such funds saw inflows to the tune of Rs 98.10 billion in August last year
Fund houses ease limits on small-cap plans; managers see opportunities
DSP on Monday opened the DSP Small Cap Fund for subscription through systematic investment plans and systematic transfer plans
 "Fund houses ease limits on small-cap plans; managers see opportunities")
Cracking the MF code in rural India: Mahindra MF looks to expand markets
Unpredictable income, poor banking habit and a dearth of distributors will be key hurdles in the way
 "Cracking the MF code in rural India: Mahindra MF looks to expand markets")
Cost structure in Rs 23-trillion mutual fund industry comes under Sebi lens
Junkets to distributors, narrow differential between direct and regular plan under spotlight
 "Cost structure in Rs 23-trillion mutual fund industry comes under Sebi lens")
MFs' foreign liabilities increase 19.3%; foreign assets decline 11.7%
These liabilities are mostly in the form of mutual fund units owned overseas
 "MFs' foreign liabilities increase 19.3%; foreign assets decline 11.7%")
Limited competition in mutual funds irks Sebi; Ajay Tyagi calls for reforms
Top 10 fund houses have 81% AUMs
 "Limited competition in mutual funds irks Sebi; Ajay Tyagi calls for reforms")
SIPs' contribution to mutual funds up 53% in July at Rs 75.54 billion
SIPs have been the preferred route for retail investors to invest in mutual funds as it helps them reduce market timing risk
 "SIPs' contribution to mutual funds up 53% in July at Rs 75.54 billion")
Sebi mulls use of covered calls for mutual funds as part of equity strategy
Bullish investors are better off not writing the option and just holding the stock
Are mutual funds now less inclined to be activists?
Voting patterns for the last financial year show an interesting trend
 "Are mutual funds now less inclined to be activists?")
The rising attrition in mutual funds
Many AMCs still judge their fund managers on their quarterly performance
Tipping Point: Beware of concentration risk in funds
Funds that are more concentrated can give you higher returns but will also be more volatile
 "Tipping Point: Beware of concentration risk in funds")
