Page 6 - Latest Updates on Mutual Fund
Low risk appetite only sees hunger for hybrids growing, shows data
MFs expect hybrid funds to become investor favourites
 "Low risk appetite only sees hunger for hybrids growing, shows data")
Overseas holdings of MFs fall 13.5% in FY23, outlay at $5.6 bn in March
At the same time, the investment of foreign investors in Indian MFs increased by 1.6 per cent (in dollar terms) to $18.7 billion
 "Overseas holdings of MFs fall 13.5% in FY23, outlay at $5.6 bn in March")
Jinesh Gopani quits Axis MF, to start own asset management venture
Devalkar has been with the fund house for over seven years and has been managing its bluechip, mid-cap, small-cap and flexi-cap funds
 "Jinesh Gopani quits Axis MF, to start own asset management venture")
FM Nirmala Sitharaman to launch backstop fund, AMC Repo Clearing on Friday
Both Sebi initiatives aimed at developing corporate bond market
 "FM Nirmala Sitharaman to launch backstop fund, AMC Repo Clearing on Friday")
Market regulator Sebi introduces new MF categories for ESG funds
Mandates additional disclosures, audit for ESG-thematic funds
 "Market regulator Sebi introduces new MF categories for ESG funds")
Active MF schemes regain lost glory in 2023, outperform benchmarks
Five active large-cap schemes have delivered double-digit returns during H1 and 22 others have delivered gains of more than 6.6 per cent
 "Active MF schemes regain lost glory in 2023, outperform benchmarks")
Moderating sales, valuations concerns pull down mutual fund deployment
Moderating sales, valuation concerns pull down deployment; net inflows from domestic equity funds at Rs 2,980 cr since April
 "Moderating sales, valuations concerns pull down mutual fund deployment")
Rebound in yields leads to strong flows into shorter-horizon debt funds
Schemes see strong inflows for two-consecutive months as yields surge, interest rate risks fade
Sebi pause on 'total expense ratio' sets off rally in AMC shares
Sebi chairperson says industry will be pleased with the fresh proposal
MF industry has grown to Rs 40 trn but it is only beginning: Sanjiv Bajaj
Pune-based Bajaj Finserv MF is set to launch products across equity, debt and hybrid categories this month
 "MF industry has grown to Rs 40 trn but it is only beginning: Sanjiv Bajaj")
Corporate share in MF AUM sinks below 40% since FY10, shows data
Debt MFs, which receive the bulk of corporate money, have seen sustained outflows for over a year. As a result, debt MF AUM declined 9 per cent in 2022-23 to Rs 11.8 trillion
L&T MF ceases to exist as mutual fund after it gave up registration: Sebi
L&T Mutual Fund ceases to exist as a mutual fund, capital markets regulator Sebi said on Monday
 "L&T MF ceases to exist as mutual fund after it gave up registration: Sebi")
Geojit Credits launches digital loan against mutual fund holdings
Geojit Credits, a non-banking financial company (NBFC), on Monday announced the launch of Loan Against Mutual Fund (LAMF)
The mutual fund industry is being vilified baselessly, says Amfi
Amfi has said industry is being vilified baselessly as segment has lowest customer complaints in entire financial market space, as it follows most transparent and disclosure-based reporting
 "The mutual fund industry is being vilified baselessly, says Amfi")
SBI Mutual Fund launches dividend yield fund, NFO open till March 6
The scheme will target aggregate dividend yield that is at least 50 per cent higher than the Nifty 50 index
 "SBI Mutual Fund launches dividend yield fund, NFO open till March 6")
L&T MF and ex-officials settle inter-scheme transfer case with Sebi
The matter pertains to inter-scheme transfers of L&T Mutual Fund for the period between April 01, 2017 and June 30, 2018
 "L&T MF and ex-officials settle inter-scheme transfer case with Sebi")
Two new initiatives by Amfi ignite greater interest in MF distribution
24,000 new MF distributors join industry in 2022--that's 42% higher than 2021
 "Two new initiatives by Amfi ignite greater interest in MF distribution")
Distributors gain as direct mutual fund investment platforms lose steam
Just 4% growth in registration of direct plan SIPs last year after 115% growth in 2021
 "Distributors gain as direct mutual fund investment platforms lose steam")
Trust Mutual Fund adds corporate bond fund to its offerings
The new fund offering will close on January 18
 "Trust Mutual Fund adds corporate bond fund to its offerings")
Diversify your investment portfolio by style to include value funds
Don't exit growth-style funds as they may benefit next from a shift in investor preference
 "Diversify your investment portfolio by style to include value funds")
