Page 8 - Mutual Funds

AMCs to be penalised for delay in dividend, redemption payments: Sebi

Any delay in dividend payment beyond seven working days to attract interest charge at 15% a year; investors to get redemption money within three working days, from 10 earlier

Sebi amends buying, selling of mutual funds under insider trading rules

Capital markets regulator Sebi has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules. At present, insider trading rules are applicable to dealing in securities of listed companies or those proposed to be listed, when in possession of Unpublished Price Sensitive Information (UPSI). The units of mutual funds are specifically excluded from the definition of securities under the rules. Sebi's latest decision follows the Franklin Templeton episode, in which the fund house's few executives were accused of redeeming their holdings in the schemes ahead of the six debt schemes shutting for redemption. "No insider shall trade in the units of a scheme of a mutual fund, when in possession of unpublished price sensitive information, which may have a material impact on the net asset value of a scheme or may have a material impact on the interest of the unit holders of the scheme," Sebi said in a notification issued on Thursday. Under the new

Passive fund race: Bigger players steal the show over smaller counterparts

Over 95% passive AUM is with top 10 AMCs; experts say opportunities still exist in the smart beta space

Why active mutual funds do not beat the index

Active mutual funds on average (and net of fees) underperform the index because they have less inside information than promoters of companies

Physical presence back in focus as mutual funds look beyond metros

New branches being added even as digitisation empowers every transaction

Not buying stake in Equitas SFB, says DSP AMC in response to media reports

Clarifies that approval received by RBI allows its MF schemes to hold more than 5% in Equitas SFB, which will soon merge with Equitas Holdings

We're transparent, not biased against fund managers: S&P's Benedek Voros

'The two key factors are volatility in the stock market and the performance differential within indices'

IIFL Wealth rebrands as 360 ONE, to rename its MF, PMS and AIF schemes too

The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products

Inflows to MF SIPs cross Rs 13K crore in October for the first time

Yet net investments in active equity schemes slump 33% in same month, shows Amfi data

Inflows in mutual fund SIPs at record all-time high of Rs 13,040 cr in Oct

Investors are betting big on systematic investment plans or SIPs to generate long-term wealth, with monthly flows in the mutual fund industry through the route rising to an all-time high of Rs 13,040 crore in October. This surpassed the Rs 12,976 crore inflow seen in September, data with Association of Mutual Funds in India (AMFI) showed on Thursday. The inflows through SIPs have been above the Rs 12,000-crore mark since May. It was at Rs 12,140 crore in July, Rs 12,276 crore in June and Rs 12,286 crore in May. Prior to that, it was at Rs 11,863 crore in April. With this, total inflow has reached over Rs 87,000 crore in the first seven months of the current fiscal. This came following an inflow of over Rs 1.24 lakh crore in the 2021-22 financial year. "Markets continue to react to the global factors and domestic rate hikes. However, mutual fund investors have shown resilience and continue to invest in SIPs, with consistent contribution month on month. There is growth in overall equ

MF penetration: Maharashtra, Delhi in lead; Jharkhand in top 10

Industry insiders say MFs have gained better traction in Jharkhand due to presence of a large salaried class and strong distributor network

Fund Pick: SBI Conservative Hybrid Fund is a consistent outperformer

The fund's month-end assets under management increased to Rs6,714.5 crore in September this year, from Rs1,086.8 crore in September 2019

The growing clout of finfluencers is putting Sebi regulations to test

Between April and September, ASCI has observed 71 violations of its disclosure guidelines by financial influencers

SBI Mutual Fund's IPO plan shelved for now, says chairman Dinesh Khara

Khara said the planned share sale of the bank's mutual fund subsidiary has been shelved for the time being

Continue SIPs for eight years to avoid loss in equities, say experts

Neither day of the month nor frequency of SIP has a material impact on returns

Eight of 10 net SIP investments go into active equity schemes: Amfi data

Debt schemes account for 2% of the net inflows, passive schemes 8%

Subdued equity market slows mutual fund penetration, shows data

Mutual funds fail to carry high growth momentum of FY22 due to changed market conditions

Less than a decade since launch, AIF commitments to cross Rs 7 trn mark

There is optimism that the Rs 7 trillion mark will likely be crossed soon, given the recent momentum

Using tech to crack down on insider trading: Sebi's Madhabi Puri Buch

Regulator will by next year have a system enabling data storage of trades between exchanges, ensuring work is not affected in a cyberattack

Reduce the behaviour gap with a higher exposure to diversified funds

Avoid trying to time entry and exit from funds; hold for at least one complete cycle