Mutual Funds

Mutual Funds News

Key regulatory and operational changes to start in the month of May
Business

Key regulatory and operational changes to start in the month of May

From 1 May, 2022, SEBI will implement swing pricing for mutual fund schemes, aimed at discouraging large investors from sudden redemptions

Sebi tweaks trading norms for mutual funds on RFQ platform
India

Sebi tweaks trading norms for mutual funds on RFQ platform

Inter Scheme Transfer trades are excluded from the revised framework, Sebi said in a circular. The new norms will come into effect from 1 December, 2021

Fantasy sports team selection requires higher skill than mutual fund management, shows research
Sports

Fantasy sports team selection requires higher skill than mutual fund management, shows research

The study applies tests to data obtained from fantasy sports platforms for cricket and basketball (2013 to 2016) and various mutual funds (2005 to 2018). The study includes over 16 million data points collected over four years.

Finance Ministry credits govt, RBI for ‘green shoots of economic revival’ as agriculture, petroleum, electricity indicators pick up
Business

Finance Ministry credits govt, RBI for ‘green shoots of economic revival’ as agriculture, petroleum, electricity indicators pick up

The Finance Ministry cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage

Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group
Business

Madras High Court issues notices to Franklin Templeton Mutual Fund, SEBI: Investors group

Notices have been issued to crisis-hit Franklin Templeton Mutual Fund and Sebi by the Madras High Court after a petition was filed by an investors group to safeguard nearly Rs 28,000 crore of investors' money stuck in six schemes shut down by the fund house, according to a statement

Franklin Templeton MF says winding-up process to be delayed in absence of investors' authorisation
Business

Franklin Templeton MF says winding-up process to be delayed in absence of investors' authorisation

Franklin Templeton Mutual Fund, which closed six debt schemes, has said the winding-up process will be delayed in the absence of authorisation from investors and further steps will be possible only after seeking fresh approval from them

Mutual funds add 7 lakh folios in April; total tally surpasses 9-cr mark, reveals AMFI data
Business

Mutual funds add 7 lakh folios in April; total tally surpasses 9-cr mark, reveals AMFI data

The mutual fund industry has added nearly seven lakh investor accounts in April, taking the total folio tally to 9.04 crore, amid volatility in broader markets

Franklin Templeton appoints Kotak Mahindra Bank to assist in monetising assets of 6 wind-up schemes
Business

Franklin Templeton appoints Kotak Mahindra Bank to assist in monetising assets of 6 wind-up schemes

Franklin Templeton Trustee Services has appointed Kotak Mahindra Bank to work together with Franklin Templeton Asset Management (India) to assist the trustees in monetising portfolios of the six schemes that are being wound up

Equity mutual fund inflows hit 4-month low of Rs 6,108 cr in April as stock market witnesses extreme volatility
Business

Equity mutual fund inflows hit 4-month low of Rs 6,108 cr in April as stock market witnesses extreme volatility

Inflows into equity mutual funds dropped to a four-month low of Rs 6,108 crore in April as the broader market witnessed extreme volatility on concerns over the coronavirus pandemic

RBI extends regulatory benefits under special liquidity facility for mutual funds to all banks
Business

RBI extends regulatory benefits under special liquidity facility for mutual funds to all banks

The Reserve Bank of India on Thursday extended regulatory benefits to all banks including those deploying their own resources to extend liquidity support to the mutual funds under the Special Liquidity Facility for Mutual Funds (SLF-MF) scheme

SEBI extends compliance norms for liquid funds till 30 June; deadline to submit cyber security audit reports relaxed
Business

SEBI extends compliance norms for liquid funds till 30 June; deadline to submit cyber security audit reports relaxed

SEBI said that the existing open ended mutual fund schemes need to comply with the revised limits for sector exposure by 30 June.

Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes
Business

Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes

As spooked investors called for a government intervention and debt mutual funds saw record withdrawals, traditional bank deposits have gained.

RBI's liquidity support for MFs may struggle to be effective; Fitch says success will depend on banks' appetite to take up risks
Business

RBI's liquidity support for MFs may struggle to be effective; Fitch says success will depend on banks' appetite to take up risks

The Reserve Bank of India's liquidity support for mutual funds may struggle to be effective, as its success will hang on banks' appetite to take up the risks involved, amid low capital headroom and a likely increase in fresh non-performing loans, according to Fitch

Breather for MFs: SEBI eases compliance norms for investment in unlisted NCDs; move aimed at increasing transparency
Business

Breather for MFs: SEBI eases compliance norms for investment in unlisted NCDs; move aimed at increasing transparency

Mutual funds were required to comply with the highest investment limit of 15 percent and 10 percent in unlisted NCDs by 31 March and 30 June, respectively

Markets extend gains: Sensex up 371 points, Nifty closes near 9,400-mark; IndusInd Bank jumps 17%
Business

Markets extend gains: Sensex up 371 points, Nifty closes near 9,400-mark; IndusInd Bank jumps 17%

IndusInd bank surged by 17 percent post-management relieved investor concerns over financials.

RBI MF liquidity window to improve investor confidence, calm down corporate debt market: Experts
Business

RBI MF liquidity window to improve investor confidence, calm down corporate debt market: Experts

Experts on Monday termed the RBI's move to open a special liquidity facility of Rs 50,000 crore for the mutual fund sector as "brilliant", saying it will improve investor confidence and reduce stress in the corporate debt market

P Chidambaram welcomes RBI's Rs 50,000-cr special liquidity facility for mutual funds
Business

P Chidambaram welcomes RBI's Rs 50,000-cr special liquidity facility for mutual funds

Former Finance Minister P Chidambaram on Monday lauded the RBI's prompt action in announcing a Rs 50,000 crore special liquidity facility for mutual funds

AMCs, financial stocks jump up to 13% after RBI announces a Rs 50,000-cr special liquidity facility for MFs
Business

AMCs, financial stocks jump up to 13% after RBI announces a Rs 50,000-cr special liquidity facility for MFs

Shares of asset management companies (AMCs) and other financial sector related firms zoomed as much as 13 percent on Monday after the Reserve Bank of India announced a Rs 50,000 crore special liquidity facility for mutual funds

Franklin Templeton impact: RBI announces Rs 50,000 cr special liquidity facility for mutual funds
Business

Franklin Templeton impact: RBI announces Rs 50,000 cr special liquidity facility for mutual funds

The RBI said heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds

Mutual Funds garner over Rs 1 lakh cr in FY20 with big bets on SIPs; retail investors add more AUMs, folios
Business

Mutual Funds garner over Rs 1 lakh cr in FY20 with big bets on SIPs; retail investors add more AUMs, folios

Systematic investment plan or SIP has been the preferred route for retail investors to invest in mutual funds as it helps them reduce market timing risk.