Mumbai: India’s capital markets regulator has ordered local mutual fund managers to stop accepting money in plans that invest in overseas exchange traded funds (ETFs) as a $1-billion cumulative sectoral limit for such investments is close to being breached. The Reserve Bank of India (RBI) regulates the fund inflows and outflows involving locally pooled investments … Read more
Sanjay Shah, CMD, Prudent Corporate Advisory Services, says coming to the question about the impact of a switch on the trail or the remuneration which overall investors are getting, understand that there is no change as far as TR or expense ratio is concerned because otherwise also, the AMC used to pay trail to old … Read more
Old Bridge Mutual Fund, sponsored by Old Bridge Capital Management Private Limited, is making a foray into the mutual fund industry with its maiden new fund offer (NFO) for Old Bridge Focused Equity Fund, which is an open-ended multi-cap equity scheme that will invest in 30 stocks. This scheme aims to provide investors a unique … Read more
Over the past few years, India’s mutual fund industry has experienced an impressive upsurge in investor engagement. There has been a substantial increase in the industry’s total assets under management (AUM), with a continuous influx of new investors joining in. On Wednesday, at the Business Today 500 Wealth Creator Summit in Mumbai, a high-powered panel … Read more
Mumbai: Flows into equity mutual funds in September fell 30% from the previous month on account of a drop in appetite for mid-cap and small-cap funds and outflows from large-cap schemes. Investments into funds through Systematic Investment Plans (SIPs), however, continued at a record pace as investors saw more merit in putting money into schemes … Read more
In its upcoming semi-annual list of stocks, Association of Mutual Funds in India (AMFI) is highly likely to downgrade and One 97 Communication ( Paytm) from largecap to midcap category, according to a report by . The AMFI rejig will majorly be classified by size, taking into account data from July to December 2022. This … Read more
Mumbai: Varun Beverages, , , and are likely to find a place in the large-cap category in the Association of Mutual Funds in India’s (AMFI‘s) semi-annual re-categorisation. , Metro Brands, , and Fine Organic are expected to enter the mid-cap category, according to Nuvama Alternative & Quantitative Research. AMFI will officially announce the new list … Read more
Mumbai: Flows into equity mutual funds picked up in September as the stock market weakness during the month prompted investors to pump more money into these products. Equity schemes received net inflows of ₹14,100 crore in September compared to ₹6,120 crore in the previous month, according to data released by the Association of Mutual Funds … Read more
As Nifty recovered by nine per cent in July, net inflows in equity mutual funds dropped 42.6 per cent month-on-month to Rs 8,898.25 crore. In June, when the Nifty hit a record 52-week low, inflows in equity MFs were at Rs 15,497.76 crore, according to the data released by the Association of Mutual Funds in … Read more
ET Intelligence Group: The cumulative inflows from systematic investment plans (SIPs) have crossed ₹1 lakh crore in a year for the first time, data from the Association of Mutual Funds in India (AMFI) show. Buoyed by the continued support from retail investors, the domestic flows have partially offset the selling pressure from foreign portfolio investors … Read more