|MF News-MF-Economic Times|
|Retirement mutual funds AUM increase 24% in Apr–Jan|
Retirement-oriented mutual fund schemes are typically open-ended, with lock-in of five years or till the retirement age, whichever is earlier. Retail investors are putting in around Rs 8,532 crore every month through SIPs into these funds.
|Overnight mutual funds AAUM grows 5 times in 10 months|
Overnight fund category was created when SEBI re-categorised mutual fund schemes to bring about uniformity in products in October 2017.
|Zerodha applies for mutual fund license|
Currently, Zerodha allows its clients to directly invest in MFs through its app Coin
|Debt funds see inflow of over Rs 94,000 crore in December quarter|
Liquid funds, with investments in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon, witnessed flows amounting to Rs 28,983 crore during the quarter under review.
|UTI, Nippon India Mutual Fund set aside Voda Idea debt|
UTI Mutual Fund and Nippon India MF Monday decided to create a segregated portfolio, following in the footsteps of Franklin Templeton Mutual Fund, which had already segregated the investments last month.
|Equity mutual fund inflows drop 50% in December quarter on valuation, growth concerns|
Total flows in equity mutual funds stood at Rs 11,837 crore for the quarter ended December as against Rs 23,874 crore in the September quarter.
|Tata Mutual Fund launches Tata Multi Asset Opportunities Fund|
This scheme will invest broadly in the three asset classes – equity, commodity derivatives and debt. The fund house said that exchange-traded commodity derivatives (ETCDs) allow the investor to opt for other commodities like base metals, agricultural commodities, industrial chemicals, crude oil, etc.
|Edelweiss Mutual Fund launches US Technology Equity Fund of Fund (FoF)|
According to the fund house, the fund is designed with the objective of providing access to emerging technologies which are in early stages of adoption based in US.
|SBI Mutual Fund tops HDFC Mutual Fund as No 1 asset manager|
SBI Mutual Fund has been a major beneficiary of a steady stream of equity inflows through the government run Employees Provident Fund Organisation (EPFO). The EPFO routes its equity allocation through index ETFs, which are managed by SBI and UTI MF.
|Sundaram Mutual launches Sundaram Balanced Advantage Fund|
The New Fund Offer (NFO) of the scheme would open for subscription on February 14 and close on February 28.
|Gold ETFs see inflow of Rs 200 crore in January; highest in 7 years|
This marks the third consecutive monthly inflow in gold exchange-traded funds (ETFs).
|Mid and small cap mutual fund schemes catch investors’ fancy|
The upward trend in SIP collections continued with monthly collections increasing by Rs 14 crore to an all-time high of Rs 8,532 crore. This is the 14th successive month in a row where SIP inflows remained north of the Rs 8,000-crore mark.
|Amfi seeks clarification from tax authorities on removal of DDT, TDS introduction|
Industry experts believe that the government's plan to tax dividend at the hands of investors could make dividend plans in equity and balanced schemes unattractive.
|Sebi seeks reply from Franklin Templeton MF on markdown in Vodafone Idea|
Sebi Chairman Ajay Tyagi parried questions on whether such a move is illegal or if it hurts the broader cause of protection of investors' interests.
|Sebi may reclassify mid cap, small cap mutual funds to offer more flexibility|
Mutual fund managers claim the categorization had taken away their flexibility to invest, resulting in money flowing into a set of stocks. This has impacted performance of mutual fund schemes, say a few fund managers.