Title: SBI Mutual Fund launches SBI Retirement Benefit Fund
Pulish Date: 2021-01-19T16:16:38+05:30
Description:  SBI Mutual Fund has launched SBI Retirement Benefit Fund, a solution-oriented fund that offers four plans across risk profiles.
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Title: Sanjay Sapre says 96% votes in favour of Franklin Templeton's winding up
Pulish Date: 2021-01-19T10:38:01+05:30
Description:  In a letter to the unitholders of the six shut debt mutual fund schemes, Sanjay Sapre, President, Franklin Templeton India, thanked the unitholders.
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Title: Large structural growth opportunity in Indian mutual funds: Citi Research
Pulish Date: 2021-01-19T09:09:00+05:30
Description:  Analysts at the brokerage house have examined the growth seen in MF AUM in other markets, both developed and emerging, after they touched a similar penetration level
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Title: Unitholders have voted for shutting down six Franklin debt schemes
Pulish Date: 2021-01-19T00:11:24+05:30
Description:  About 96-98% of the unitholders in the schemes voted for winding up, according to people familiar with the matter. The apex court said objections to the observer’s report can be filed within three days, said lawyers aware of the developments. The Court has now posted the hearing further on January 25.
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Title: Franklin Templeton MF gets a YES for winding up of six schemes
Pulish Date: 2021-01-18T18:43:00+05:30
Description:  According to the observer’s (TS Krishnamurthy) report over 90% of the unit holders in these six schemes have voted for winding up.
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Title: Domestic mutual funds report higher redemption in December
Pulish Date: 2021-01-18T16:55:40+05:30
Description:  The domestic mutual funds are witnessing rising redemption pressure at a time when the equity indices are trading at record levels.
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Title: Franklin Templeton MF's six shut schemes generate Rs 13,789 cr since closure
Pulish Date: 2021-01-18T00:45:04+05:30
Description:  Franklin Templeton MF on Sunday said its six shut schemes have received Rs 13,789 crore from maturities, pre-payments and coupon payments since closing down in April.
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Title: PGIM India eyes Rs 500 cr from balanced advantage fund
Pulish Date: 2021-01-15T15:59:34+05:30
Description:  The new fund, which is an open-ended dynamic asset allocation fund with a floor of minimum 30 per cent equity, closes on January 29, PGIM said.
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Title: PGIM India Mutual Fund launches Balanced Advantage Fund
Pulish Date: 2021-01-15T10:52:10+05:30
Description:  The fund will be benchmarked against CRISIL Hybrid 50+50 Moderate Index.
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Title: Mutual Funds bet on NBFCs, auto and solar themes in December
Pulish Date: 2021-01-15T07:24:30+05:30
Description:  In December, fund houses allocated some money to NBFCs including housing finance companies, which could be beneficiaries of the expected revival in the real estate sector. Companies in the automobile sector were also added to the portfolio last month.
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Title: Mutual funds raised stakes in these 14 stocks by over 1% in Q3
Pulish Date: 2021-01-14T10:32:45+05:30
Description:  Out of the around 800-odd companies that have reported their shareholding patterns for the December quarter so far, only 64 have seen a rise in MF holdings.
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Title: As indices scale new highs, SIP investments are on a roll
Pulish Date: 2021-01-14T09:29:00+05:30
Description:  The assets under management (AUM) linked to the systematic investment plan (SIP) rose to a record high of Rs 4 lakh crore in December due to capital appreciation and a sharp bounce back in SIP inflows.
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Title: Here's what India's biggest mutual fund house is betting on
Pulish Date: 2021-01-14T09:27:15+05:30
Description:  Analysts at the fund house believe the market has run up quite a bit and any more uptick will require a solid financial performance from India Inc.
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Title: SAT reverses Sebi penalty on SBI, LIC and BoB in UTI Mutual Fund case
Pulish Date: 2021-01-12T13:15:31+05:30
Description:  The Securities Appellate Tribunal has reversed the penalty imposed by market regulator, Sebi, on three public sector entities in the matter of UTI Asset Management Company.
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Title: Mrinal Singh quits ICICI Pru Mutual Fund, set to join InCred AMC
Pulish Date: 2021-01-12T11:50:46+05:30
Description:  InCred Asset Management, the fund management arm of the InCred Group, has announced the appointment of Mrinal Singh as its CIO and CEO, said a statement issued today.
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Title: 'Heavy inflows in equity ETFs and debt funds pushes mutual fund AUM up'
Pulish Date: 2021-01-12T10:17:09+05:30
Description:  A massive rally in the equity markets since May bringing in heavy inflows into equity ETFs and open-ended debt funds has helped mutual fund AUM grow 17 per cent.
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Title: Crossed 2020-21 AUM target of Rs 8,000 crore by Q3: PGIM India MF
Pulish Date: 2021-01-12T09:57:41+05:30
Description:  PGIM India Mutual Fund has crossed the full-year 2020-21 AUM target of Rs 8,000 crore by the December quarter, a senior company official has said.
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Title: Gold ETFs attract Rs 6,657 crore inflow in 2020
Pulish Date: 2021-01-11T14:52:23+05:30
Description:  The inflow came after witnessing a net pullout from safe-haven assets for six consecutive years, mainly on fears of a global slowdown and volatility in equity and debt markets.
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Title: NFOs gain big; fear of correction hits equity mutual fund inflows
Pulish Date: 2021-01-11T11:12:21+05:30
Description:  While all the equity mutual fund categories, except a few, saw outflows in December, NFOs kept going strong.
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Title: As FIIs send stocks to dizzying valuations, local investors book profits in equity MFs for sixth straight month
Pulish Date: 2021-01-08T21:50:30+05:30
Description:  So, they told equity mutual funds worth Rs 10,147 crore in December. This figure is lower than November' s Rs 12,919 crore but is the sixth consecutive month of outflows from equity mutual funds, with investors pulling a total of Rs 33,003 crore cumulatively.
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Title: Equity MF logs Rs 10,147 cr outflow in Dec, industry asset base hits Rs 31 lakh cr-mark
Pulish Date: 2021-01-08T16:01:41+05:30
Description:  Overall, the mutual fund industry witnessed a net inflow of Rs 2,968 crore across all segments during the period under review, much lower than Rs 27,194 crore inflow seen in November.
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Title: Trust group enters MF biz, to make debut via banking fund
Pulish Date: 2021-01-07T20:46:28+05:30
Description:  Investors can expect 5% or higher tax free return in a time horizon of three and a half years. This is billed as an opportunity to earn higher interest income when traditional domestic rates are at record lows.
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Title: Union AMC aims to double AUM to Rs 10,000 crore
Pulish Date: 2021-01-07T16:05:27+05:30
Description:  Union AMC's plan also comes against the backdrop of the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India, which is the co-sponsor of the fund house along with Japan's Dai-ichi Life Holdings.
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Title: Franklin receives Rs 13,130 crore in 6 shut schemes; Short Term Income Plan turns cash positive
Pulish Date: 2021-01-07T10:26:54+05:30
Description:  Franklin Templeton Mutual Fund has informed its investors that the six would up schemes have received Rs 13,130 crore as on December 31, 2020.
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Title: SBI Mutual Fund raises stake in CSB Bank to over 5%
Pulish Date: 2021-01-06T10:09:46+05:30
Description:  The acquisition was through open market purchase on January 1, 2021.
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Title: Mutual funds asset base rises 7.6% to Rs 29.71 lakh crore in Dec qtr
Pulish Date: 2021-01-06T09:58:08+05:30
Description:  The AAUM of December quarter is higher compared to the preceding quarter due to surge in equity markets.
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Title: IDFC Mutual Fund unveils new campaign asking savers to become investors
Pulish Date: 2021-01-05T15:35:30+05:30
Description:  IDFC Mutual Fund announced the launch of its latest pan-India investor awareness campaign #PaisonKoRokoMat, nudging savers to become investors.
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Title: Sebi extends date of implementation of uniformity in applicability of NAV for MFs
Pulish Date: 2020-12-31T21:37:46+05:30
Description:  “Upon consideration of the subsequent representation received from AMFI regarding operational challenges, it has been decided to extend the date of applicability of the .. ..provision to February 1, 2021,” Sebi said in a circular.
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Title: Voting for Franklin Templeton schemes ends
Pulish Date: 2020-12-29T22:15:02+05:30
Description:  The unitholders’ meetings have brought the voting process to an end. The Supreme Court will decide the further course of action in its next hearing in January, 2021.
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Title: Nippon India MF launches geo-targeting campaign to connect investors to distributors
Pulish Date: 2020-12-29T12:19:32+05:30
Description:  Nippon India Mutual Fund has launched a geo-targeting campaign to help potential mutual fund investors connect with empaneled mutual fund distributors.
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Title: Mutual funds attract new investors, add to their wealth in pandemic-ravaged 2020
Pulish Date: 2020-12-27T11:17:10+05:30
Description:  After wild swings in a pandemic-ravaged year, the stock market finally appears to end with unusually high gains, which coupled with robust inflows in fixed income schemes helped mutual funds add a staggering Rs 3.5 lakh crore to their asset base in 2020.
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Title: Axis Mutual Fund renames its multicap fund as 'Axis Flexicap Fund'
Pulish Date: 2020-12-24T13:04:05+05:30
Description:  Axis Mutual fund has renamed its multicap scheme as the Axis Flexicap Fund. This comes after Sebi put a strict mandate for multi cap funds to allocate at least 25% each in small and mid cap stocks.
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Title: UTI Small Cap Fund NFO garners Rs 920 crore
Pulish Date: 2020-12-24T08:43:52+05:30
Description:  UTI Small Cap Fund is an open-ended equity scheme which will predominantly invest in small cap stocks. The scheme will re-open for subscription and redemption for an ongoing basis from December 23.
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Title: L&T Mutual Fund launches digital campaign for ELSS investments
Pulish Date: 2020-12-23T09:14:02+05:30
Description:  L&T Mutual Fund has launched an integrated digital campaign called 'Late Lateef 2021' to reiterate the importance of investing early in ELSS for tax saving.
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Title: It makes sense to move your SIP to balance advantage funds: S Naren of ICICI Pru MF
Pulish Date: 2020-12-22T11:50:20+05:30
Description:  Naren said the velocity of the stocks rally post March slump surprised him and his strategy of being cautious proved wrong.
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Title: ICICI Prudential Mutual Fund launches Business Cycle Fund
Pulish Date: 2020-12-21T13:46:31+05:30
Description:  The scheme aims to provide long term wealth creation by investing in equity and equity related securities with focus on riding business cycles through dynamic allocation between various sectors and stocks.
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Title: India's mutual fund industry earns 'top' grade for disclosure regime
Pulish Date: 2020-12-21T09:42:20+05:30
Description:  According to Morningstar's biannual 'Global Investor Experience' report on disclosures, India and the US received "top" grades due to their robust disclosure practices.
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Title: Mutual fund assets to touch Rs 50 lakh crore by 2025: Crisil
Pulish Date: 2020-12-18T09:50:41+05:30
Description:  Investor interest in the mutual funds segment has been changing lately because of market volatility, and the average assets under management stood at around Rs 30 lakh crore as of November 2020.
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Title: MF industry assets to rise to Rs 50 lakh crore by 2025, says CRISIL
Pulish Date: 2020-12-17T20:12:39+05:30
Description:  The rating agency believes independent research and analytics will be a key facilitator. The past couple of decades have seen the Indian mutual fund (MF) industry gain currency and create an edge for itself in the personal finance space, and raise the share of Indian households in the overall savings pie.
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Title: Franklin Templeton MF's six shut schemes generate Rs 11,907 cr since closure in April
Pulish Date: 2020-12-17T13:48:04+05:30
Description:  Franklin Templeton MF had shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
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Title: Sebi eases profitability criteria for mutual fund sponsors
Pulish Date: 2020-12-16T17:48:35+05:30
Description:  The regulator has also decided to segregate and ring-fence assets and liabilities of mutual fund schemes, Sebi said in a statement after its board meeting.
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Title: SIP inflows hit 31-month low at Rs 7,302-cr in Nov
Pulish Date: 2020-12-16T09:50:25+05:30
Description:  The 44-player mutual fund industry witnessed an inflow to the tune of Rs 7,302 crore through SIPs in November as compared to Rs 7,800 crore in the preceding month.
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Title: HDFC Mutual Fund dumps high-flying stocks to pick laggards
Pulish Date: 2020-12-15T12:34:54+05:30
Description:  Investment managers led by Prashant Jain increased exposure to Coal India, whose shares are down 1.30 per cent since the beginning of this financial year.
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Title: Investors may continue to sell mutual funds unless there is correction in markets: Report
Pulish Date: 2020-12-15T10:45:48+05:30
Description:  Many mutual fund investors seem to be cautious about how the capital markets would perform in the coming months and have exited some of their investments, an SMC report said.
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Title: SBI Mutual Fund picks more midcaps and smallcaps
Pulish Date: 2020-12-15T10:16:01+05:30
Description:  The fund house went all out for NHPC, buying over 1 crore shares of the hydroelectric power generator.
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Title: HDFC Mutual Fund converts closed-end fund into open-ended
Pulish Date: 2020-12-15T09:40:36+05:30
Description:  HDFC Mutual Fund is converting its underperforming Housing Opportunities Fund (HOF)-Series 1 into an open-ended scheme just a month before its maturity.
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Title: Parag Parikh Long Term Equity Fund is Parag Parikh Flexi Cap Fund
Pulish Date: 2020-12-14T11:19:19+05:30
Description:  Parag Parikh Long Term Equity Fund has been recategorized as a flexi cap fund and the new name of the scheme is Parag Parikh Flexi Cap Fund.
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Title: Rollout of Bharat Bond ETF’s third tranche in the works
Pulish Date: 2020-12-13T13:55:07+05:30
Description:  The first tranche of Bharat Bond ETF raised Rs 12,400 crore in December last year with maturity options of three and 10 years.
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Title: Bank based AMCs gain market share in debt funds from Mar 2018-Sep 2020
Pulish Date: 2020-12-11T13:10:02+05:30
Description:  Bank and financial institution backed fund houses have gained market share in the fixed income space, showing both retail as well as institutional investors are more comfortable with them in the fixed income space.
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Title: Supreme Court directs SEBI to appoint observer for Franklin Templeton voting
Pulish Date: 2020-12-10T20:03:20+05:30
Description:  The voting results and the report of the observer will be submitted to the Supreme Court in a sealed envelope. The redemptions will continue to be stayed till the date of the next hearing scheduled in the third week of January 2021.
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