Budget 2020

MFs turn net buyers, invest Rs 2,476 crore in equities in March

NEW DELHI: Mutual funds invested Rs 2,476 crore in equities in March, making it the first such infusion in 10 months, as consolidation in the market provided investment opportunities to fund managers. Kaushlendra Singh Sengar, founder and CEO of INVEST19, said mutual funds (MFs) inflow in equities will be stagnant in near future. Prior to […]

Budget 2020

Franklin Templeton MF’s six shut schemes generate Rs 15,776 cr

Franklin Templeton Mutual Fund on Friday said its six shut schemes have received Rs 15,776 crore from maturities, pre-payments and coupon payments since closing down in April, 2020. The fund house shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market. The schemes — Franklin […]

Budget 2020

As market moderates, Robinhoods may seek safety of MFs, Ulips

MUMBAI: One of the biggest stories of the financial year gone by was the great migration of retail investors in the country from mutual funds to direct equity. Disheartened by mediocre returns from mutual funds and armed with zero-cost mobile trading applications, millions of retail and high net-worth investors chose to dip into direct equity […]

Budget 2020

Finance Ministry writes to Sebi, ‘requests’ agency to withdraw perpetual bond rule

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 […]

Budget 2020

Nilesh Shah explains why outflows from MFs continue even as SIPs are in limelight

Investors have behaved with tremendous maturity. When FPIs were selling and bringing valuations cheaper, they were big buyers and now when valuations have become reasonable, they have taken some profit, says Nilesh Shah, MD, Kotak AMC. There is a headline in Economic Times which says that the new SIP accounts are at a record high […]

Budget 2020

Franklin Templeton mutual fund: Franklin Templeton MF’s six shut schemes generate Rs 13,789 cr since closure

Franklin Templeton Mutual Fund on Sunday said its six shut schemes have received Rs 13,789 crore from maturities, pre-payments and coupon payments since closing down in April. Franklin Templeton MF shut six debt mutual fund schemes on April 23, 2020 citing redemption pressures and lack of liquidity in the bond market. The schemes — Franklin […]

Budget 2020

As FIIs send stocks to dizzying valuations, local investors book profits in equity MFs for sixth straight month

It was Christmas time, and Santa seemed rather generous this year – to stockholders. As foreign funds kept pouring into India, sending stocks to dizzying valuations, local investors decided to book some profits. So, they told equity mutual funds worth Rs 10,147 crore in December. This figure is lower than November’ s Rs 12,919 crore […]

Budget 2020

Equity MFs log ₹10,147-cr. outflow in Dec.

Equity mutual funds (MFs) witnessed a massive outflow of ₹10,147 crore in December, making it the sixth consecutive monthly withdrawal, even as the industry’s asset base surged to an all-time high of over ₹31 lakh crore. However, investors put in ₹13,863 crore in debt MFs last month as compared to ₹44,984 crore in November, data […]