Experts blame the Covid wave for the decline in April; redemptions come down
Allotment to be done every month; units allotted subject to 3-year lock in, says market regulator
Market participants say if the fund house is able to put the 2020 debacle behind by returning money to investors of the six debt schemes, it can make a strong come back
The month-end assets under management (AUM) of the fund grew from Rs 898 crore in January 2018 to Rs 1,476 crore in December 2020.
Entity can sponsor an MF even if it doesn't fulfill profitability rule; CIRP cos asked to have at least 5% public float
During January-May 2020, mutual funds (MFs) made a net investment of more than Rs 40,000 crore in stock markets
In this podcast, Business Standard's Sanjay Kumar Singh explains the difference between active and passive funds, why should an investor get into passive funds and more
So that recovery for existing investors in wind-up schemes is not impacted
Retail buyers push Nifty Smallcap up 8% in August; mid-caps jump 6% against a 2% rise in large-caps
Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market
In a note to investors, FT MF said that it was in the process of initiating appropriate enforcement action to recover dues from the issuer and other connected parties
Equity schemes mobilised Rs 13,760 crore in June, 28% below 12-month average
The equity schemes had combined asset base of over Rs 33,000 crore
Top-five fund houses account for over 61% of industry assets
The new facility will offer "support for the flow of credit to households and businesses" by ensuring the $3.8 trillion money market mutual fund industry can sell its holdings of US Treasury bonds
Nifty, Bank Nifty funds will have to sell stock after index exclusion
Invest aggressively to deal with the challenges posed by a longer average life span and an often-curtailed work span
In addition, the fund house has imposed a limit of Rs 2 lakh on fresh inflows into the impacted schemes till further notice, Nippon India MF said in a statement.
Manage Rs 3.59 trillion or 13% of MF industry assets, yet remain under-represented in the industry, constituting only 8% of the country's fund manager population
The firm, which hit a stonewall thrice over its sponsorship bid, finally informed Sebi of its decision to withdraw due to a drop in Sahara MF's net worth and exit of top execs