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.
Ajit Mishra, vice president, research, Religare Broking, answers your stock market queries.
Failure to do so leads to incorrect filing and under-reporting of income, with adverse consequences, advises Bindisha Sarang.
Retail investors have gained significant heft in the past year amid a sustained uptick in Indian equities. The share of retail investors in companies listed on the NSE reached an all-time high of 7.32 per cent in the quarter ended December 31, 2021, up from 7.13 per cent in the previous quarter and 6.9 per cent a year ago, the data from PRIME Infobase shows. This was despite the Nifty's 1.5 per cent decline during the quarter.
The mutual fund industry saw a sharp decline in its average assets in June -- with over 36 per cent plunge for some companies -- as investors withdrawal offset gains from an upward move in the equity market.
The BSE Sensex lost about 1,600 points, while the National Stock Exchange Nifty was down about 400 points.
The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month
Fund managers's compensation is largely tied to the assets they manage and scheme performance.
Exchange to launch mutual fund trading platform; BSE set to follow.
In an hour-long chat on rediff.com on Wednesday, stock market and investment expert Vinay Mahajan offered some valuable investment tips.
The primary issue market has hit an all-time high with 63 corporates raising Rs 1,18,704 crore through main-board initial public offerings (IPOs) so far in 2021, which is nearly 4.5 times more than the Rs 26,613 crore raised through 15 issues in 2020 and almost double of the previous best of Rs 68,827 crore in 2017, according to a report. Pranav Haldea, managing director of Prime Database Group, said the IPO frenzy was driven by new-age loss-making technology start-ups along with strong retail participation, and the resultant massive listing gains were the key highlights of the year. Another highlight was only 51 per cent or Rs 103,621 crore of the total Rs 202,009 crore was fresh capital raising and the remaining Rs 98,388 crore were offers for sale.
The one-year returns for equity-oriented mutual fund (MFs) schemes have largely mirrored the gains made in the secondary market. However, schemes that invest in infrastructure (infra), small-cap, and public sector undertaking (PSU) banks have emerged standout performers, with gains in excess of 100 per cent in some cases. Of the total 484 equity schemes, 353 have managed to beat the Sensex, reveals the data provided by Value Research. Around 20 have delivered returns in excess of 90 per cent and six schemes have given returns of over 100 per cent in the past one year. The S&P BSE Sensex Total Return Index (TRI) has given returns of 51 per cent in the last one year, ended October 29.
They own 27.5% in top 75 listed firms; investments bounce back after falling two straight quarters
Here's a study to find out how schemes from the diversified equity funds category performed on a year-to-date basis and to determine who the top gainers and losers are.
'Sebi has to make sure that investor interests are protected and at the same time, there isn't over-regulation so that companies don't get discouraged to list here.'
Sudhanshu Singh, director IBBM, MM Securities, answers your mutual fund queries.
The mutual fund industry also witnessed record sales.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The regulator has asked portfolio managers not to leverage the portfolio of clients for investment in derivatives and not indulge in speculative transactions that are not accompanied by actual delivery, except for derivatives trades. This is done with the intention of reducing volatility in the market and curbing undue risks.
MFs have garnered record assets in the past one year, led by increased investor participation through SIPs and robust returns in mid-cap schemes.
Most investors are obsessed with performance. They rarely venture beyond the numbers.
Pension plans by mutual funds have a three-year lock-in like ELSS.
Most mutual fund players and life insurance companies are planning to bid for appointment as pension fund managers for all citizens after the Pension Fund Regulatory and Development Authority (PFRDA) today decided to seek expression of interest from prospective fund managers.
Under the new guidelines, the top 10 active equity schemes in terms of assets would collectively require investments of around Rs 365 crore -- up from mandated Rs 50 lakh at present -- in their own schemes.
Mutual fund investors in equity schemes are not yet rushing to redeem their units but inflows have dried up substantially, said mutual fund distributors.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Faced with a tight monetary situation, the Reserve Bank of India (RBI) has sought data from the mutual funds on their debt investments. These include investments in certificate of deposits (CDs), pass-through certificates (PTCs) and commercial papers (CPs).
Do you want to know if your investment in a house, mutual fund, insurance or real estate taxable? How is tax calculated on your ESOPs?
Financial planning expert Irfan Rupani shares some valuable tips on which mutual funds to buy.
With fear of a slowdown looming, a steep fall in world's markets last week and the US being downgraded first the time in seven decades, domestic retail investors have made losses in their most-favoured schemes this year.
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
FDs and mutual funds (assuming you are refering to equity funds) are different investment options. FDs offer an assured return and safety of capital. Mutual funds are high risk-high return avenues. Investors would do well not to compare them, says Irfan Rupani.
Investing via an sip is a good idea. However, ensure that the sip is for a sufficiently long time, says personal finance expert Irfan Rupani.
'The markets haven't corrected, that doesn't mean that they will only go up and up.'
Credit cards are fast emerging as an acceptable mode of payment for many instruments. At present, insurance payments can be made through cards. Soon, mutual fund investments could be allowed as well.
Foreign fund houses outperformed their domestic peers in terms of garnering assets in 2010-11.
Zee and its lenders had decided to enter into an agreement to not offload the pledged shares amid a sharp slide in the prices of the underlying securities during end-Janury. The terms give the lenders a greater say, upside benefit from the proposed strategic sale, more cover and personal guarantee.
It is important to nominate a successor to mutual fund investments as it helps smoothen the transfer of funds in case the original investor passes away
Banks and mutual funds in India are earning abnormally high returns in money markets by breaching Reserve Bank of India rules forbidding forward trades.