All stories by Jash Kriplani
Post-Budget, stock market will remain volatile for few daysRediff.com3 Feb 2020
'The market was expecting the Budget to do more, given the domestic economic slowdown and global uncertainty. Over the next few days, the market is expected to absorb the volatility.'
As markets peak, investors look at exit routes from MFsRediff.com21 Jan 2020
Staggered pull-out will help investors if the market continues to rise.
Vodafone crisis spills over into mutual fund schemesRediff.com19 Jan 2020
Experts say the impact on the schemes' NAVs may vary in the coming days, depending upon how fund houses treat the developments on VIL and whether there are any further rating downgrades or credit events.
Why some equity funds are holding their cash positionsRediff.com3 Jan 2020
Holding cash may actually help fund managers limit downside in the current environment, but large cash component poses the risk of missing out sharp upsides in a broader market rally, reports Jash Kriplani.
Funds get a Sebi code to boost corporate governanceRediff.com2 Jan 2020
Sebi's stewardship code for mutual funds and alternative investment funds lays down six principles to improve corporate governance standards in their investee companies, reports Jash Kriplani.
Two-thirds of FII bets slip in red; overseas investors at receiving endRediff.com27 Dec 2019
Market experts say that FIIs have been caught off-guard on their exposures to companies with high-leverage and those facing cyclical headwinds.
To protect investors, Sebi mulls tighter MF norms post-KarvyRediff.com24 Dec 2019
Exchanges will have to facilitate a more direct interface between clients and the clearing corporation, bypassing intermediaries such as brokers, under this new proposed framework.
UTI MF issue size likely to be up to Rs 4000 crRediff.com21 Dec 2019
The IPO is an offer for sale of 38 million shares by SBI, BOB, LIC, PNB and T Rowe Price. Barring T Rowe and PNB, the others are selling stake to comply with Sebi norms.
Equity flows see sharpest dip in 3.5 years, slip 78% in NovemberRediff.com10 Dec 2019
Equity MF schemes recorded worst inflows in three and a half years at Rs 1,311 crore for November. Investors across the board have taken money off the table as markets have scaled new highs. Industry experts said SIPs had stayed intact, which is a healthy sign for the MF industry.
Rakesh Jhunjhunwala buys 0.5% pie in Yes Bank for Rs 86 croreRediff.com5 Nov 2019
An infusion of capital would come as a much-needed relief for the bank, with its capital adequacy ratio barely above the regulatory requirements, as of June disclosures.
Why distributors prefer selling insurance products over MFsRediff.com22 Oct 2019
Experts say the trend is worrying as it could take a toll on the pace of equity flows and also hinder the penetration drive of the Rs 24-trillion MF industry.
Equity inflows slump 27% in SeptemberRediff.com10 Oct 2019
In September, net equity inflows stood at Rs 6,609 crore, compared to Rs 9,152 crore in the previous month. In the last four months, this is the lowest net inflow tally seen by the equity category.
'Tax cuts prove government is capable of taking decisive action'Rediff.com3 Oct 2019
In an interaction with Jash Kriplani, A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, shares his optimism on what makes him believe that these cuts can help in addressing multiple issues plaguing the economy, without letting fiscal deficit pose any major risk.
Sharekhan's restructuring may adversely affect 350 employeesRediff.com28 Sep 2019
Market sources said other brokerages are also looking to streamline their business models as market volatility, along with increasing competition, has taken a toll on earning yields.
Traders lose lakhs as tech glitch hits Zerodha, India's largest brokerRediff.com30 Aug 2019
This is not the first time that users of Zerodha clients have faced technical issues. As recently as February, 2019, the platform faced a connectivity issue that led to a pile-up of orders.
MFs pare down stake in 34 auto stocksRediff.com15 Aug 2019
Among the stocks that have seen the largest cut by MFs, the DVR shares (shares with differential voting rights) of Tata Motors have seen a cut of 243 basis points (bps) in MFs' stake.
Stock market woes driving MF investors to safe havensRediff.com7 Aug 2019
Equity flows have been under pressure since the second half of 2018, after the IL&FS crisis sent shockwaves in both equity and debt markets.
Regulatory framework for portfolio managers to be tightenedRediff.com5 Aug 2019
The PMS manager can only charge performance fee to investors if the fund has crossed its highest value as on the day when the fee is supposed to be charged.
Sebi warns MFs on 23 lapses in FY17Rediff.com2 Aug 2019
Sebi pointed out instances of misleading the investors by reporting incorrect data on investor complaints, instances of inappropriate utilisation of funds meant for investor education, such as spending on programmes meant for financial advisors, charging of expenses to the said funds for stationery items such as notebooks, planners and calendars, and charging of expenses without adequate records.
Concern over MF industry's debt exposure getting worseRediff.com26 Jul 2019
Mutual fund houses hold Rs 3,400 crore of Yes Bank's 'riskier' bonds. Reliance MF, Franklin Templeton MF and UTI MF account for bulk of these exposures.
Where portfolio management services crucially lag MFsRediff.com1 Jun 2019
Experts say that despite the sizeable client base, PMS providers lag their domestic MF counterparts by quite a distance, when it comes to reporting and disclosure standards.
8 superstar investors everyone wants to copyRediff.com21 May 2019
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
MF industry badly hit by slowdown in equity flowsRediff.com17 May 2019
In April, the inflows into equity schemes dropped 60% compared to the previous month to Rs 4,608 crore, the lowest since Sept 2016.
MFs bet big on banks, exposure up about 50% from FY18-endRediff.com29 Apr 2019
Experts say a combination of improving asset quality and NBFCs' weak balance-sheets bodes well for both corporate and retail banks.
A peek into the stocks that Jhunjhunwala is invested inRediff.com26 Apr 2019
Jhunjhunwala increases stake in DHFL, luggage maker VIP Industries and pharma major Lupin but is cautious on auto holding. At the end of the March quarter, Jhunjhunwala held positions in 29 firms.
MF's asset growth rate slips to 7-year lowRediff.com15 Apr 2019
Both the debt and equity markets have seen sharp volatility in recent months.
Who were the winners and laggards in MFs in March quarter?Rediff.com8 Apr 2019
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.
MF equity inflows take hit 4 months in a rowRediff.com11 Mar 2019
'The decline was inevitable as one-year returns have been negative.'
Why Dalal Street is worried about promoters pledging sharesRediff.com19 Feb 2019
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.
Equity schemes hit 2-year lowRediff.com11 Feb 2019
Investors sinking lump sum money in equities seem to have applied the brakes.
For India Inc, acche din is honestly NOT here!Rediff.com4 Feb 2019
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 hit by YES bank stock fallRediff.com3 Dec 2018
With the stock coming under pressure, the MF holding value could have dropped to Rs 50 billion, back-of-the-envelope calculations show.
MFs see strong inflows in OctoberRediff.com20 Nov 2018
In October, the contribution through SIPs rose to Rs 79.85 billion, up 42% compared to the same month last year.
Demergers fail to cheer shareholdersRediff.com2 Nov 2018
In absolute terms, the overall hit on shareholders' wealth from six demergers is around Rs 15,000 crore.
Investment advice from a GuruRediff.com29 Oct 2018
'As the interest rates rise, people are going to say why should I be taking big risks when I can get 4 to 5 per cent in a bank account.' 'So, I think you have to change your thinking.' 'You need to look at the balance sheet, look at dividends.' 'These issues that have been ignored.'
Investors, be warned: Bear phase not over yetRediff.com6 Oct 2018
Experts find it difficult to predict a bottom for the bourses.
MF assets surpass Rs 25 trillionRediff.com21 Sep 2018
This feat was achieved 25 years after the mutual funds industry was opened to private players. The industry now aims to achieve the next Rs 25 trillion in 5 years.
Now, ICICI Prudential MF is under Sebi lensRediff.com27 Aug 2018
Sebi had also ordered the fund house to compensate investors who had redeemed their units since the date of allotment of shares in the I-Sec IPO.
Paytm's MF foray fails to rattle fund distributorsRediff.com8 Aug 2018
Unlike most MF distributors in India, Paytm Money will be offering low-cost direct plans, which don't charge for distribution expenses
Why Paisa Bazaar's mutual fund ad has run into troubleRediff.com12 Jul 2018
Paisa Bazaar, which recently forayed into online mutual fund distribution, has come out with a 20-second video clip featuring Bollywood actor Akshay Kumar. The ad, which talks about the benefits of investing in direct plans, has already got 1.6 million views on YouTube.