NEW DELHI: Mutual fund managers seem to be bottom fishing for stocks, suggests the latest data as their top bets last month included many beaten-down counters. Among the 30 top picks of mutual funds in December across market cap, 19 have given negative returns to the tune of 6-60% in the last one year. Interestingly, … Read more
NEW DELHI: When the market hit all-time record high levels as FII dollars started flooding Dalal Street in November, what did mutual fund investors do? They seemed to have acted smart by taking some profits off the table but didn’t forget the time-tested formula of investing in a staggered manner for long-term returns. Mutual fund … 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
Indian equity benchmarks have entered a technical correction by dropping more than 10% from their peak levels but investment by domestic mutual funds remained undeterred in April despite rising headwinds for equities. Domestic funds deployed ₹22,371 crore in April, taking the tally of cumulative three-month inflows to ₹73,550 crore in equities, a record high level, … Read more
MUMBAI – The Securities and Exchange Board of India’s Chairman Ajay Tyagi today said that domestic mutual funds cannot make investments in crypto-related products till there is a law for such digital assets in the country. The Sebi chief was speaking at a press conference following the capital market regulator’s board meeting here. The regulator’s … Read more
Fund managers have shown high conviction in Initial Public Offers during August. They subscribed to the issues of , Nuvoco Vistas, Devyani International, CarTrade Tech and Krsnaa Diagnostics as many of these companies have unique business models and leadership positions within their industries. Leading fund houses have followed a bottom-up approach while picking stocks amid … Read more
With most large-cap stocks priced to perfection, fund managers mostly looked at stocks in the mid- and small-cap space for their equity portfolios in June. They picked up shares of companies with superior revenue prospects, strong balance sheet, higher market share and better execution skills. A few prominent companies which found a place in the … Read more
The finance ministry “requested” the Securities and Exchange Board of India (Sebi) Friday to withdraw the part of its Wednesday circular that changed the rules followed by mutual funds to value perpetual bonds. The capital market regulator hadn’t responded to the suggestion at press time, but is expected to review the rules before they take … Read more