Existing fund houses, MF aspirants could show interest
Over two-third was collected from beyond the top 8 cities; jump in average ticket size plays its part
Some of the tests include, cash flow stress, balance sheet and debt stress, and regulatory stress, fund house will initially launch a flexicap scheme followed by a global active fund and an ELSS
Monthly SIP book nears Rs 10,000 cr, new SIP registration & AUM hit record highs
The CEO of an asset management company run by the country's largest MF distributor talks about how the fund house plans to create a niche and avoid conflict of interest
Fund house is planning to file a few more schemes with the regulator and will launch them as and when it starts getting Sebi clearance
Sources the money will be given to investors in next few days; fund house has already returned Rs 21,080.34 cr or 84% so far
Most schemes in this category avoid taking any credit risk
However, the regulator has not quantified the minimum amount that needs to be invested by the fund houses.
With this, Samco, an online discount stock broker, will be the 45th player in the Rs 33-trillion MF space
The Flexicap fund from ICICI Prudential MF aims to follow a mix of top-down and bottom-up approach to spot opportunities in large-, mid- and small-cap spaces respectively
Three debt schemes see rise in NAVs of 2-14%
The month-end assets under management of the fund rose to Rs 24,669 crore in May 2021 from Rs 15,654 crore in June 2018.
Amfu data shows fund houses such as Quant MF, Trust MF, ITI MF, PPFAS MF and PGIM India MF were top performers in terms of average AUM accretion
The MD and CEO of the fund house says India remains attractive as firms have deleveraged, credit growth is very low, capex cycle is yet to revive and profit-to-GDP ratio is low too
Regulator cites obsession with high-risk strategies without factoring concomitant risks; fund house to appeal order
US-headquartered asset manager has been barred from launching any new debt scheme for two years
The unitholders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore in the week starting from Monday.
Here are trading strategies for the ones that may make it to the list, and the ones likely to get demoted.
Online investment platform Groww on Tuesday announced that it will be acquiring Indiabulls Mutual Fund for a total consideration of Rs 175 crore.