Investors continued to increase exposure through the systematic investment planning (SIP) route in August amid the sustained momentum in the stock market. New SIP account registration hit a record 24.9 lakh in the month, showed the data from the Association of Mutual Funds in India (AMFI). The number of registrations in August was nearly 2.5 … Read more
Flows into equity mutual funds dipped sharply in August compared to the previous month, as investors made fresh allocations to a new fund offer (NFO) of SBI Balanced Advantage Fund, which invests in a mix of equity and debt. Equity mutual funds saw inflows of ₹8,667 crore in August, sharply lower than the previous month’s … Read more
has emerged as one of the top holdings of domestic equity mutual funds in the past year after falling out of favour for a while. Fund managers and analysts said changes in the management led by the low-profile CEO Sandeep Bakshi, cheaper valuations and an increase in market share have prompted investors to take a … Read more
In another blow to Franklin Templeton AMC, Sebi has decided to fine the CEO, CIO, debt fund managers and other top officials in the case of shutting down of six debt mutual fund schemes in 2020. Sebi has decided to put a monetary fine of Rs 3 crore on CEO Sanjay Sapre and CIO- Santosh … Read more
Pharma funds have been topping the return charts since the Covid-19 pandemic hit the world. The category that invests mostly in the pharmaceutical sector has offered 58.16% returns in one year and 48.25% returns in this year to date, according to Value Research, a mutual fund tracking firm. Among the pharma funds, DSP Healthcare Fund … Read more
You might have heard during the recent controversy on new Sebi norms on multi cap mutual funds that most multi cap schemes have ver little or nil investments in small cap stocks. Here is surprise for you: introducing Quant Active Fund, a multi cap mutual fund scheme with 53% of its assets in small cap … Read more
Mutual fund investors are calling up their advisors to check whether they should stop their regular investments in multi cap mutual funds until there is some clarity on how the fund houses are planning to deal with the issue of new Sebi norms on multi cap mutual funds. Some mutual fund advisors are indeed asking … Read more
Most mutual funds categories witnessed net outflows in August as cautious investors continued to sell their investments and held on to cash, probably to tackle the uncertain environment created by the Covid pandemic. August marked the fifth straight month of fall in inflows in the equity mutual funds, shows monthly data from Amfi. Net outflows … Read more
By Bekxy Kuriakose The credit crisis which engulfed debt funds over the past two years, starting with ILFS Group default, has been exacerbated by the black swan event of COVID-related lockdown in several parts of the country over past few months. As a debt mutual fund investor how should you pick and choose funds in … Read more
By G Pradeepkumar Equity investors are a worried lot! The stock market crash of March 2020 erased a lot of the gains from their mutual fund portfolio. And then, against popular perception, things reversed, even while the Covid-19 pandemic was in full swing. After falling almost 38 per cent from its January highs, the market … Read more