According to industry players, over 50 FMPs have exposure to Zee Group companies.
Both the debt and equity markets have seen sharp volatility in recent months.
Among individual fund houses, SBI MF was the biggest gainer in absolute terms; its AAUM rose Rs 66,090 crore, compared to its asset base in the corresponding period of FY18, reports Jash Kriplani.
'The decline was inevitable as one-year returns have been negative.'
While three of the top five FPIs - Capital, Government of Singapore, and Vanguard - have seen their investment value more than triple, India's benchmark indices have risen just 70%.
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
'Investors need to find out how the FMP's assets are distributed and ensure the investments are in high-quality names.'
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
With markets expected to remain volatile, promoters and lenders exposed to the industrials and materials space can face brunt of the price erosion of the pledged shares.
Nine lenders have exposure to the promoter entities and had taken listed operating companies' shares as collateral from the promoter companies.
Investors sinking lump sum money in equities seem to have applied the brakes.
Sebi has allowed mutual fund schemes the option of 'side-pocketing' which move will help both fund houses and investors.
India Inc's profit share in the country's GDP at 15-year low in 2018. Since 2013, net profit for top 500 companies has remained in the range between Rs 4 trillion and Rs 4.8 trillion despite steady growth in nominal GDP.
MFs have benefited from a shift to financial assets from physical assets like real estate and gold.
About 24 fund houses saw a decline in their debt AUMs in the past one year.
'... Whether an incumbent is voted back or a coalition forms a new government except for a temporary disruption for a few weeks.'
With the stock coming under pressure, the MF holding value could have dropped to Rs 50 billion, back-of-the-envelope calculations show.
'The years after the financial crisis of 2008 were tough for brokers as volumes dwindled and retail investors stayed away.'
In October, the contribution through SIPs rose to Rs 79.85 billion, up 42% compared to the same month last year.
There is polarisation among sectors with IT and healthcare receiving the lion's share of FPI money in the past two quarters.
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