'The outlook for the next Samvat is more constructive, as many of the earlier drags are gradually becoming supports.'
Net inflows into equity mutual fund (MF) schemes scaled a record high in July as the market correction and a raft of new fund offerings (NFOs) lifted lump-sum collections. Active equity schemes raked in a net Rs 42,702 crore in July, going past the previous high of Rs 41,156 crore in December 2024. Systematic investment plan (SIP) inflows continued to scale new highs, rising over 4 per cent month-on-month (M-o-M) to Rs 28,464 crore.
The Securities and Exchange Board of India (Sebi) on Monday proposed relaxations for asset management companies (AMCs) to serve pooled non-broad-based funds, giving an opportunity to fund houses to expand their business.
Invest in these funds through the SIP route with at least a seven-year horizon.
SBI Mutual Fund recently launched the SBI Quant Fund. Its new fund offer (NFO) opened on December 4, 2024, and will close on December 18, 2024. Currently, 11 fund houses manage quant funds with assets worth Rs 9,013.6 crore.
'A long-term investor with a 4 to 5 year horizon could invest in this theme via SIPs.'
Quant funds are a unique offering in the MF space as the investment decisions are driven by a blend of active and passive strategies.
'A fair bit should be allocated towards fixed income.'
The mutual fund (MF) gross inflows through the systematic investment plan (SIP) route topped the Rs 20,000 crore mark for the first time in a calendar month as investors opened a record 6.4 million SIP accounts despite a spike in market volatility. The number of accounts opened last month was almost 50 per cent higher than the registrations seen in March. "India's MF industry has reached yet another milestone with the SIP book crossing above Rs 20,000 crore in April 2024.
Investors must adopt a balanced approach, incorporating both styles in their portfolios.
Opinions vary, but fund managers remain bullish.
Birla takes over as chairman after his group increased its stake to 51 per cent in November 2012 from the earlier 50 per cent.
'We are in a sweet spot.' 'Equity, on a standalone basis, will continue to remain the asset class to stay invested in.'
The Aditya Birla group, led by Kumar Mangalam Birla, has taken charge of its mutual fund joint venture with Sun Life Financial of Canada by buying 1 per cent stake from the latter.
Birla Mutual Fund on Friday launched its new equity fund offer - 'Birla India GenNext Fund', which will invest in equities of firms that are expected to benefit from consumption habits of young people in the country.
'As the Indian economy continues to expand over the next three years, mid- and small-caps should do well as they have higher exposure to the domestic economy than large-caps.'
'It will be best for investors to have a systematic investment plan in mid-cap and small-cap funds with a three-/five-year horizon.'
Industry body Amfi to hold meeting to decide on road map.
The policymaker said the RBI had not reached the point where specific actions were under consideration.
Ideally, one should opt for a 5 to to 10- year period in an MF scheme or exit when the goal is reached.
Poor disclosure among India-listed firms is a turnoff for foreign investors.
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.
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.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors, the media and politicians
'Indians are great savers, but they are lousy investors.'