Page 9 - Abhishek Kumar

Budget: Amfi calls for lower debt fund taxation, tweak in FoF tax rules

Proposal follows removal of indexation benefits from debt funds in the Budget 2023

Outflow rise from SIP accounts in H1CY24 slows growth in net inflows

Recoveries from SIP accounts in June stood at over Rs 10,000 crore for seventh straight month

Quant MF confirms reports of search and seizure ops for the first time

Quant MF claims to have received no further communication from the regulator since the searches were conducted

Mutual funds rake in record Rs 14,370 crore via equity NFOs in June

At Rs 37,885 cr, collection in H1CY24 surpasses entire 2023 mopup

Quant MF gets new CFO, says move unrelated to Sebi investigation

Says previous CFO Harshal Patel had resigned in February

Mutual funds bought over Rs 46,000 crore HDFC Bank shares in H1CY24

Apart from HDFC Bank, the stocks that saw the highest MF buying include Indus Towers, Mphasis, Vedanta, Infosys, and TCS. The total investments in the two IT majors stood at Rs 4,870 crore

Anand Rathi Wealth Q1 net profit surges 38%; Canara Robeco MF launches BAF

Total revenue also jumped 38 per cent to Rs 245 crore, the wealth management firm said

Kotak MF launches BSE PSU Index Fund; currently comprises 56 PSU stocks

BSE PSU Index has doubled in the last one year, owing to strong momentum in PSU stocks

Mutual fund equity folio additions surge to record high in June 2024

Eleven equity new fund offerings (NFOs) ended last month, cumulatively mobilising Rs 14,370 crore

Record inflows, equity rally drive MF AUM past Rs 60 trillion: Amfi data

Industry adds latest Rs 10 trillion in just six months

HDFC Mutual Fund to halt new SIPs in its Defence Fund from July 22

Scheme to take inflows only from existing SIPs, STPs

H1CY24 scorecard: Nippon India Mutual Fund grows fastest among top 10

HDFC and ICICI Prudential were the other two fund houses in the top 10 that registered over 20 per cent growth during the same period

Mutual funds ride high: NFOs pick up on market rally, economic hope

29 launches since June 1, nearly half of previous five months' total

Passive funds allowed 35% group-level exposure in 21 indices: Sebi

For other indices, the group-level exposure will be capped at 25 per cent

Debt funds set to hit mother lode with double-digit gains in 2024

Easing G-sec yields put long-duration, gilt funds on winning track

Buoyant equity market pushes mutual fund AUM near Rs 60 trn in June quarter

Second straight quarter of near double-digit growth

Quant MF raises wager on HDFC Bank, exposure increases across schemes

Reliance Industries and Jio Financial Services are among the top holdings in most schemes

Kotak Mutual Fund lifts investment restrictions in its smallcap fund

Kotak MF said the earnings growth of smallcaps is expected to improve

Mutual fund investors ease off buying pedal as FPIs make comeback

Domestic funds see lowest net buying in four months

Market regulator Sebi proposes MF Lite regulations for passive AMCs

Existing asset management companies (AMCs), which offer both active and passive funds, will also have the option of hiving off the passive business to a separate entity under the new MF Lite norms