Page 57 - Mutual Funds
Long-term investors' share in equity mutual funds on the decline
Proportion of assets held for at least a year has dropped below 50 per cent
 "Long-term investors' share in equity mutual funds on the decline")
Fire sale by MFs spells trouble for portfolio management services
Other market experts believe given that the market has been volatile, bottom fishing has become quite difficult for fund managers and PMS players
 "Fire sale by MFs spells trouble for portfolio management services")
More than 50% of equity MF investments have been around for a year or less
March-end data from 10 years ago (March 2009) shows that nearly 80 per cent of investments had been around for a year or longer
 "More than 50% of equity MF investments have been around for a year or less")
Have risk appetite? Go aggressive in MFs via sector funds for good returns
Yes, these involve a higher risk, but many sector funds have given stellar returns over the long term
 "Have risk appetite? Go aggressive in MFs via sector funds for good returns")
MF recategorisation norms: Only some schemes will be impacted by Sebi rule
The new mutual fund re-categorisation norms will require you to take a closer look at your portfolio to assess the impact
 "MF recategorisation norms: Only some schemes will be impacted by Sebi rule")
AUMs of mutual funds are growing and eating into share of bank deposits
Debt MFs offer 100-200 basis points higher returns as against bank deposits
 "AUMs of mutual funds are growing and eating into share of bank deposits")
Households moving away from bank deposits to MFs to park savings: CARE
Typically, debt MFs offer 100-200 basis points higher compared to bank deposits
 "Households moving away from bank deposits to MFs to park savings: CARE")
Mutual funds' alternative investment funds push shifts into high gear
Flexibility, easier norms make AIFs an attractive option for wealthy investors
 "Mutual funds' alternative investment funds push shifts into high gear")
From ICICI Securities to Bandhan Bank, MFs load up on banks amid crash
The stocks in which MFs pruned their holdings were Axis Bank and Larsen and Toubro
 "From ICICI Securities to Bandhan Bank, MFs load up on banks amid crash")
After touching 20-mth low in Feb, MFs see redemptions of Rs 500 bn in March
Liquid funds witnessed redemptions to the tune of Rs 549.79 billion last month, while income segment saw a net outflow of Rs 137.19 billion
 "After touching 20-mth low in Feb, MFs see redemptions of Rs 500 bn in March")
Mutual Funds go against Amfi diktat, dole out higher fees to distributors
Commissions paid for selling open-ended equity schemes went as high as 200 basis points (bps) while that for closed-ended ones stood at 5-6 per cent
 "Mutual Funds go against Amfi diktat, dole out higher fees to distributors")
MF investments from small towns rise 41% to Rs 4.36 trillion in Feb: Icra
In February, the share of direct plans in B15 towns stood at 20.4 per cent against 45.6 per cent in top 15 cities
 "MF investments from small towns rise 41% to Rs 4.36 trillion in Feb: Icra")
MFs' equity portfolio hit hard during February corrections
Stocks, including ICICI Bank, State Bank of India, Axis Bank, YES Bank and Indian Oil Corp, lost 9-15 per cent
 "MFs' equity portfolio hit hard during February corrections")
No reduction in inflows for mutual funds after LTCG, DDT says AMFI
The industry expects there would be no level playing field between mutual funds and unit linked insurance plan
 "No reduction in inflows for mutual funds after LTCG, DDT says AMFI")
MFs log Rs 1 trn inflow in Jan; push AUM to all-time-high of Rs 22.41 trn
The latest inflow has been mainly driven by contributions from liquid or money market funds, and equity, equity-linked saving schemes
 "MFs log Rs 1 trn inflow in Jan; push AUM to all-time-high of Rs 22.41 trn")
How India's top mutual fund bosses are managing great expectations
Steady inflows into equities and rising markets are keeping India's top fund managers on their toes. Find out how they are selecting stocks
 "How India's top mutual fund bosses are managing great expectations")
New Ulips suit passive investors but mutual funds remain a better option
In mutual funds, if you have a systematic investment plan, you can stop it anytime and get back the entire fund value
MF cos to spend over Rs 3.5 bn in ad blitz to educate investors: 5 myths
Mutual fund industry garnered about Rs 58.93 bn in November 2017 through SIPs against Rs 38.84 bn collected in November 2016
Time to churn for cost conscious after introduction of total return index
The Securities and Exchange Board of India (Sebi) has made it compulsory for all mutual funds to benchmark their schemes against the total return index (TRI) through a circular dated January 4. Until now, a few fund houses such as DSP BlackRock, Edelweiss and Quantum were voluntarily benchmarking their returns against the TRI. But now all fund houses will have to adopt this global best practice. Price return indices (PRIs), which fund houses have been using so far, capture only the capital gains and losses of the index constituents. But funds also receive dividend payments from the securities they hold in their portfolios. This makes it easier for fund managers to beat the PRI. For instance, if the dividend yield of a portfolio is 1.5 per cent, its fund manager gets a 1.5 percentage point head start. Now, with the dividend income getting reflected in the TRI, fund managers will have a tougher time beating their benchmarks. Fund houses have to comply with this directive from February ..
 "Time to churn for cost conscious after introduction of total return index")
Readers' Corner: Mutual funds
Mutual funds are an excellent way to participate in the growth of the country and reap benefits
 "Readers' Corner: Mutual funds")
