Page 61 - Mutual Funds

Mutual funds' exposure to bank stocks at record Rs 1.26 lakh cr

MFs are investment vehicles made up of a pool of funds collected from a large number of investors

MFs don't lose sleep even as US compliance deadline looms

Non-compliance with Fatca will not affect existing investments and incremental inflows

Mutual funds prune exposure to tech stocks

Sell shares worth Rs 1,550 crore in firms during March

MFs buy hot stocks like Snap ahead of IPOs

Some mutual funds already have stakes as companies go public

Mutual fund assets soar 42% to Rs 17.5 trillion in FY17

Investors poured in an additional Rs 3.4 trillion across categories during the year under review

Bubble building up in debt MF: Ambit

Bond and liquid funds received more inflows in FY17 than in FY15 and FY16 combined

Be a buy-and-hold investor in mutual funds

Sebi's Investor Survey highlights need to invest according to risk appetite and investment horizon

Fund houses that rode the boom

Edelweiss MF grew its asset base the most in percentage terms

Campaign logic: Icebreaker to allay mutual funds fears

A campaign by AMFI focuses on building awareness about mutual funds and the basic rules of investing

Mid- and small-cap funds steal the show

Fund managers believe the risk-reward equation will now favour large-caps

Mutual funds add 67 lakh folios on higher retail participation

Huge inflows in equity schemes have also contributed to the upside

Majority of active funds lag benchmark returns in past one year

Passive investing in mutual fund schemes is not popular in India. Investors have preferred schemes managed by fund managers because of their ability to beat returns of the underlying benchmarks and generate the so-called "alpha".However, the latest SPIVA India (S&P Indices Versus Active Funds) scorecard reveals that over a one-year period ended December 2016, 66 per cent of large-cap equity funds, 64 per cent of ELSS funds and 71 per cent of mid & small-cap equity funds underperformed their respective benchmark indices. The underperformance reduced over longer timeframes. In the five-year period, for instance, the 54 per cent, 25 per cent and 42 per cent of large cap, ELSS and mid & small-cap schemes underperformed their respective benchmark indices. In the 10-year period, the comparable figures are somewhat higher at 55 per cent, 50 per cent and 46 per cent, respectively. This shows that while the majority of mid & small-cap schemes were able to beat their benchmarks,

Mutual funds see Rs 30,000 cr inflow in Feb; Rs 3.98 lakh cr in 11 months

The latest inflows have been mainly driven by contribution from liquid, income and equity funds

Equity MF Rs 10k-cr club swells to ten schemes

The sustained money flowing into the mutual fund (MF) sector in the past two years by way of systematic investment plans (SIPs) has propelled the assets of several equity schemes into the Rs 10,000-crore club. While just three schemes were part of this club two years ago, as many as 10 schemes today manage assets of over Rs 10,000 crore. To put this in better perspective, even at the peak of the bull run in late 2007 there were four schemes with assets of over Rs 5,000 crore, with the largest equity scheme handling just about Rs 6,400 crore. "Investors are choosing the MF route to enter the markets, and most of this money has flown into the large-sized schemes, which are perceived as safe bets by investors," said Manoj Nagpal, CEO, Outlook Asia Capital. Over the past 30 months, the SIP trend has surged and there are now over 10 million of these accounts. The average investment size of an SIP is about Rs 3,500.Some of the schemes have grown so large there is talk among market ...

Mutual fund assets racing towards Rs 20 lakh cr

Robust inflows from domestic investors through systematic investment plans are a big boon

The best performing MFs: Here are the mutual funds that have made you rich

DSP Micro has been one of the best-performing schemes over a period of two, three, and five years

Chart: Hits and misses for equity MFs

Power Grid was the only major stock where they timed their selling well in January

Foreign investors rush in as mutual funds fear to tread

Mutual fund (MFs) turned net-sellers of equities after six months, while buying by overseas investors climbed to a six-month high in February. MFs have been net-sellers to the tune of Rs 78 crore (data for two sessions awaited), while foreign institutional investors (FIIs) have pumped in close to Rs 10,000 crore into the markets in February. Benchmark indices rallied four per cent in February, extending their gains from demonetisation lows in December 2016 to 12 per cent.Equity MF managers have changed their stance to cautious as valuations have turned lofty, while FIIs have stepped up buying amid weakening of the US dollar against global currencies. Since October 2016, MFs have invested Rs 43,875 crore, at a monthly average of Rs 7,312 crore. FIIs, on the other hand, have pulled out Rs 12,150 crore at an average of Rs 2,024 crore during the same period. Following a sharp 12 per cent rally since December 26, 2016, the benchmark Sensex is now trading at 19 times its one year forward ...

Equity MFs turn net sellers in Feb, after 6 months

Equity fund managers, who manage assets worth Rs 5 lakh crore, have turned net sellers of stocks this month. The previous monthly outflow by mutual funds (MFs) was in July 2016.The selling, albeit marginal, comes after benchmark indices rallied four per cent since the start of the month and 12 per cent since the December 2016 low. Their cautious stand is reflecting in this month's investment pattern, with equity fund managers pulling out a net Rs 78 crore till last Thursday. A chief investment officer, managing a little over Rs 20,000 crore of equity assets, told this newspaper on condition of anonymity that "these are precarious levels -- not in the interest of investors, given the poor earning growth fundamentals".Adding: "It's all liquidity which is taking the markets higher. There are near-term uncertainties like state election results and revival in corporate earnings. We are taking a defensive stand in the portfolio and for investors, it would not be a bad idea to book partial ..

MFs' exposure to bank stocks hit record Rs 1.16 lakh cr in Jan

In comparison, fund managers had allocated Rs 78,644 cr for bank shares in the year-ago period