All stories by Abhishek Kumar
Nifty Next 50 intensifies competition in the largecap space
Rediff.com1 days agoPassive funds tracking the National Stock Exchange Nifty Next 50 Index have seen their assets under management (AUM) more than double in the past year. The index's growing popularity can be attributed to its robust 50 per cent return over the same period. Currently, the AUM of funds tracking the Nifty Next 50 index stands at nearly Rs 30,000 crore.
MFs seek relaxation in rules framed to prevent mkt abuse
Rediff.com29 Nov 2024The mutual fund (MF) industry is set to approach the Securities and Exchange Board of India (Sebi) for relaxation in the recently implemented rules designed to prevent market abuse. According to MF executives, the new rules that came into effect in November for large schemes have created operational challenges for fund managers, particularly when executing large transactions or participating in block deals.
MFs step up: SIPs climb ticket ladder, one rung at a time
Rediff.com18 Nov 2024The average ticket size for a systematic investment plan (SIP) is edging up, even as the pace of new account openings remains strong. SIP ticket sizes had been shrinking in recent years, as mutual fund (MF) penetration grew. However, the average ticket size has started to climb again after a steep drop in the post-pandemic period, as the industry has doubled its investor base in the past four years.
MFs cast their lines for record Oct catch
Rediff.com11 Nov 2024Mutual funds (MFs) reinforced their record monthly inflows in October with an investment of Rs 87,000 crore (up to October 29), softening the downside pressure on domestic markets. Their prior record for monthly inflows was Rs 48,139 crore in May. This unprecedented monthly buying partially countered record monthly sales by foreign portfolio investors (FPIs) of Rs 1.1 trillion last month.
Equity NFO pipeline remains strong despite mkt weakness
Rediff.com6 Nov 2024The equity market's recent downturn appears unlikely to slow the brisk pace of mutual fund (MF) scheme launches, at least in the coming weeks. Last month, fund houses introduced 21 new equity schemes, with another five launches already lined up for November. The number of filing with markets regulator, Securities and Exchange Board of India (Sebi), suggests this momentum will continue with asset management companies (AMCs) seeking approval for 21 more equity schemes in October.
50 bps cut in interest rate likely by March 2025: Axis Mutual Fund
Rediff.com28 Oct 2024'Investors can consider staying invested in long duration products as there is a possibility of rate cuts in the near term.' Positive macros - lower inflation, high forex reserves and favourable demand-supply dynamics for government bonds - make a strong case for rate cuts from December, says Devang Shah, head of fixed income, Axis Mutual Fund. In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply.
Equity rally fuels fastest quarterly growth in MF assets in five years
Rediff.com8 Oct 2024Mutual funds (MFs) managed a record Rs 66.2 trillion in assets during the July-September quarter, marking a 12.3 per cent increase over the previous three-month period - the highest quarterly jump in MF assets in at least five years. During the April-June period, the average assets under management (AUM) stood at Rs 59 trillion. The sharp rise in AUM, according to experts, is driven by a robust equity market rally and record inflows into equity schemes.
Tax edge adds shine to gold ETFs
Rediff.com2 Oct 2024Inflows into gold exchange-traded funds (ETFs), which manage a total of Rs 37,390 crore, have surged sharply in recent months. This trend is likely to continue, especially after the reintroduction of long-term capital gains tax (LTCG), which is likely to attract smart money into mutual fund offerings amid a robust outlook for the yellow metal. Smart money, also known as opportunistic flows, refers to strategic investments that are generally of a short-term horizon.
Domestic investors pay hefty premiums for China exposure
Rediff.com30 Sep 2024Indian investors are paying hefty premiums to invest in China markets, with stocks there posting their biggest weekly gain in nearly 16 years. Savvy investors were seen making a dash to invest in the only two China-focused exchange-traded funds (ETFs) available in the domestic markets. On Friday, Mirae Asset Hang Seng Tech ETF closed at Rs 16.9 on the NSE, nearly
MF Investor Base To Touch 50 Million
Rediff.com24 Sep 2024The number of active SIP accounts is nearing the 100 million milestone.
Why Mutual Fund Inflows Have Surged
Rediff.com19 Sep 2024Largecap, flexicap, and balanced advantage funds together recorded a net inflow of Rs 9,363 crore in August, representing a 70% increase from the previous month's total.
Tax change, spike in inflows revive interest in Rs 84,000-crore FoF space
Rediff.com18 Sep 2024The Rs 84,000 crore domestic fund of funds (FoFs) space, which was in the doldrums over the past 18 months, has now caught the attention of investors due to a change in the tax structure in Budget 2024. The broader category, which includes offerings across equity, debt and commodities, has seen a spike in the inflows over the past two months. FoFs typically deploy the pooled capital in one or multiple MF schemes rather than investing directly into equities, debt or commodities.
Equity MFs Rake In Rs 38,239 Crore In August
Rediff.com11 Sep 2024'The correction in the markets in the initial part of August provided investors a good buying opportunity.'
'For Valuations To Sustain, Corporate Earnings Need To Deliver'
Rediff.com24 Aug 2024'Asset allocation should be driven much more by long-term factors rather than the market scenario at any particular point in time.'
'Largecaps Present Better Risk/Reward Balance'
Rediff.com19 Aug 2024'Investors should consider small and midcaps only if they can handle volatility and have a longer investment horizon.'
Outflows from SIP accounts scale new high of Rs 14,367 crore in July
Rediff.com19 Aug 2024Redemptions from systematic investment plan (SIP) accounts scaled a new high of Rs 14,367 crore in July, indicating investors booked profits following back-to-back months of gains in the market. Volatility triggered by Budget announcements also played on investor sentiment. "July 2024 saw a peak in the Nifty, which may have prompted profit-booking among investors nearing the end of their goal tenure.
MFs seek greater leeway for proposed new asset class
Rediff.com18 Aug 2024The new asset class (NAC) proposed by the market regulator could see diverse product offerings with high-risk strategies across equity and debt if the mutual fund (MF) industry's recommendations are incorporated into the final regulations. While the Securities and Exchange Board of India (Sebi) has suggested relaxations in investment norms for NAC compared to traditional MFs, some fund houses are advocating for further relaxations in concentration norms, greater flexibility in leverage, and the ability to invest in securities currently outside the MF domain, such as unlisted debt papers and debentures, sources reveal.
Rs 14,367 Crore: July's Record SIP Outflows
Rediff.com17 Aug 2024'Those satisfied with returns and not expecting further rally could be booking profits and also stopping SIPs.'
Why Have Focused Funds Pulled Out Rs 27 Billion?
Rediff.com16 Aug 2024The outflows could be a result of a mix of factors led by the underperformance of some of the larger funds amid elevated return expectations.
How Much Have MFs Invested In HDFC Bank?
Rediff.com16 Aug 2024With a deployment of Rs 2,720 crore in July, MFs' total investment in HDFC Bank in calendar year 2024 (till now) surged to Rs 48,820 crore.