All stories by Chirag Madia
Fund Houses All Set to Launch NFOs As Ban Nears EndRediff.com7 Jul 2022
Since April there have been no new NFOs because of the delay in the implementation of the new norms around pooling of funds.
Rs 1.24 Trillion Invested In SIPs!Rediff.com18 Jun 2022
In April, the SIP contribution was Rs 11,863 crore.
'Markets will be in consolidation mode for some time'Rediff.com15 Jun 2022
'Investors need to expect steady returns over the next one to two years with bouts of high volatility.'
At 1.97 mn, new SIP openings in May lowest in 12 monthsRediff.com13 Jun 2022
The spike in volatility may not have impacted equity inflows, but it has weighed on new investors coming via the systematic investment plan (SIP) route. In May, 1.97 million new SIPs got registered - nearly 15 per cent lower than the previous five-month average of 2.3 million - reveals the data provided by the Association of Mutual Funds in India. Since June 2021, new SIP registrations have been upwards of 2 million each calendar month. The new SIP tally in May was the lowest in 12 months.
Axis MF sacks 2nd fund manager in two days, no reason givenRediff.com21 May 2022
On May 6, the fund house had issued a statement where it had stated that it had launched a suo motu investigation two months ago to probe potential irregularities.
Small-Cap Schemes Fared BestRediff.com18 May 2022
On an average, small-cap funds have generated annualised returns of 67.5% in the last two years. Large-cap funds and mid-cap funds have given average annualised returns of 41.3% and 53.4% respectively.
Rs 1.45 Trillion In MFs Since March 2021Rediff.com6 Apr 2022
And there have been months when flows have exceeded $3 billion.
MFs Expect Sebi To Tighten Norms FurtherRediff.com2 Apr 2022
'Looking at the speed at which changes were made post the Franklin Templeton issue, we are awaiting more stricter norms in the months to come.'
Gold, silver ETFs gain amid Russia-Ukraine tensionsRediff.com24 Mar 2022
The surge in volatility across the globe sparked by Russian invasion of Ukraine has led to an increase in prices of gold and silver - considered to be safe-haven investment bets. In the past month, silver funds have delivered returns of 7.34 per cent, while gold funds on an average have risen around 6 per cent. In comparison, the benchmark Nifty has declined 4 per cent. Fund managers say precious commodities act as a good hedge against inflation and phases of geopolitical uncertainty.
MFs realign overseas offers after Sebi diktatRediff.com8 Feb 2022
Mutual fund (MF) houses have started realigning their overseas product offerings after the Securities and Exchange Board of India (Sebi) advised them to stop subscriptions. PPFAS Asset Management has decided to suspend transactions in Parag Parikh Flexi Cap Fund with effect from February 2, 2022. Though new lump-sum and systematic investment plans (SIPs) will not be accepted, existing SIPs and systematic transfer plans (STPs) will continue.
SIP registrations in FY22 already at five-year highRediff.com21 Jan 2022
Systematic investment plans (SIPs) of mutual funds (MFs) have seen a spike in demand with new registrations touching a five-year high already this year. Around 19.5 million new SIPs have been registered till December end, as against 14.1 million in the whole of financial year 2020-21 (FY21). Market participants say increasing investor awareness and positive experiences have spurred this increase.
'Investors should trim expectations from equities'Rediff.com19 Jan 2022
'We would advise investors to invest in a disciplined way in equities for the long term.'
'We are advising multi-cap or large-cap strategy'Rediff.com12 Jan 2022
Neelesh Surana, who manages Mirae Asset Tax Saver and Mirae Asset Emerging Bluechip, remains constructive on Indian equities from a three to five-year time frame.
New-age firms make it to Amfi's large-cap listRediff.com7 Jan 2022
Start-ups Zomato, PB Fintech, One97 Communications, and FSN E-Commerce Ventures have entered the large-cap category after the latest reclassification exercise by the Association of Mutual funds in India (Amfi). This comes despite stocks such as PB Fintech (Policybazaar) and One 97 Communication (Paytm) trading below their issue price. Others such as Mindtree, SRF, IRCTC, Tata Power, JSW Energy have been moved from mid-cap to large-cap category.
As demand for digitisation rises, tech funds give one-year returns of 63%Rediff.com7 Jan 2022
Strong performance by technology (tech) stocks in the current year has led to superior returns in information technology (IT) sector funds. On average, tech funds have given returns of 63.53 per cent in the past one year, the highest among all categories of funds, reveals the data from Value Research. Market participants say that Covid-19 has accelerated the growth of IT companies with rise in demand for digitisation.
'Room for more correction in equities'Rediff.com29 Dec 2021
'At current valuations, we believe large-caps offer better downside support.' 'Hence, we are suggesting a small tilt towards them.'
Equity MFs Mop Up Rs 46,700 CroreRediff.com27 Dec 2021
New fund offers collection in the current calendar year was the highest in a decade, with 13 of the 70 equity schemes cornering 75 per cent of the amount raised.
HSBC's AMC acquires L&T Mutual Fund business for $425 millionRediff.com24 Dec 2021
L&T Housing Finance on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) at $425 million. LTIM is the investment manager of the mutual fund business of L&T. The divestment of the mutual fund business is in line with the strategic objective of L&T Finance Holdings of unlocking value from its subsidiaries to strengthen its balance sheet, it stated in a press release. The data from the Association of Mutual Funds in India (Amfi) shows L&T Mutual Fund (MF) has average assets under management (AAUM) worth Rs 78,273.80 crore, while HSBC MF has AAUM of Rs 11,314.32 crore as in the July-September quarter.
Chip shortage proving to be a boon for equity investorsRediff.com30 Nov 2021
The global semiconductor shortage is turning into a headache for automotive (auto) and appliance manufacturers. But it is proving to be a boon for equity investors. Semiconductor stocks are among the best performers this year. The PHLX Semiconductor Index has gained more than 35 per cent year-to-date.
'Biggest risks to the market are always the unknowns'Rediff.com22 Nov 2021
'Just because you don't see them does not mean they don't exist.' 'The greatest risk is overconfidence.