Page 2 - Amc

Q3 review: Listed AMCs on strong wicket but most positives factored in

The companies are likely to remain on the growth path in the coming quarters too, say brokerages

LIC MF chalks out growth path, aims for Rs 1 trillion AUM by 2026

With new CEO at helm, fund house to focus on performance, distribution reach

We expect 50-75 bps rate cuts from RBI: Bandhan AMC's Suyash Choudhary

Choudhary says he expects the central bank to start cutting rates by mid-CY 2024

Equity market in bullish zone even as valuations rise: Bajaj Finserv AMC

The AMC's behavioural indicator, which tracks investors' behaviour in four markets - currency, commodity, bond and equity, has been showing a bullish signal since April 2023

Upping long bond exposure beneficial for Indian investors, says Union AMC

The Fed hinted at a pivot in its December policy, and signalled three potential rate cuts totalling 75 bps in 2024

AMCs' contribution to backstop fund for debt mutual funds tops target

Rs 33K cr CDMDF now operational after they pool initial corpus of Rs 3.1K cr

Betting on domestic-driven sectors amid global headwinds: Manish Gunwani

The quarterly results have been mixed until now, with information technology (IT) and consumer sectors being a bit weak while financial has been quite healthy, said Gunwani

See greater comfort in largecaps compared to small and midcaps: UTI AMC CIO

Subramaniam says pharmaceutical and healthcare sectors are reasonably valued and are showing incremental improvements in their balance sheets

Number of MF investors crosses 40 million, SIP flows scale a new high

Inflows in Sept were higher than the average flows seen in FY24

Hawkish RBI prompts debt mutual funds to reassess 'duration' of schemes

Some fund managers have been bullish on the longer-duration government bonds owing to better demand and end of the rate hike cycle

AMC Repo Clearing gains ground, gets Rs 160 crore in past fortnight

Insiders revealed that this uptick in volume comes from the participation of one major bank and some mutual funds

Tripura CM Saha highlights state, central govt development initiatives

The Tripura Chief Minister also launched the e-Cabinet system at the Secretariat on Wednesday

Mutual funds debt exposure to finance companies rose 60.1% in July

The exposure through investment in commercial paper of NBFCs crossed the Rs one trillion mark, last seen in August 2019, it said

We've always been sector- and market cap-agnostic: Enam AMC's Jiten Doshi

In a supply-starved economy, there is enough appetite for local as well as global capital, which is hungry for growth opportunities, said Doshi

Biz cycle funds can generate alpha but carry risks: What should you do?

Higher concentration and fund manager risk make these funds apt only for seasoned investors

Amfi sets norms for direct MF firms wanting to become AMCs' agents

Associations sets Rs 1-crore net-worth criteria for execution only platform

Shriram AMC to launch multi asset allocation fund, NFO to open on Friday

Additionally, the fund will allocate 10 to 25 per cent of its assets in high-quality (AAA) Short to Medium term debt

Sebi posts new norm for exit option window period for change in AMC control

Capital markets regulator Sebi on Friday came out with a new timeline for the exit option window period given to the mutual fund unitholders for change in control of asset management company(AMC). Under the new timeline, a change in control of the AMC cannot be made unless the unitholders of the mutual fund would be given the option to exit on the prevailing Net Asset Value (NAV) without any exit load within a period of at least 15 calendar days from the date of communication. Earlier, this timeline was at least 30 days. However, in case of change in control resulting in consolidation or merger of schemes, the unitholders would be given the option to exit on the prevailing NAV without any exit load within a time period not less than 30 calendar days from the date of communication, Sebi said in a circular. Considering that growth in technological communication has enabled faster dissemination of information to unitholders, a request was received by Sebi from the mutual fund industry

HSBC MF enters Rs 1-trn AUM club; Sebi NSDL IPO in abeyance

HSBC MF acquired L&T MF in 2022, leading to a multifold rise in its AUM. At the time of acquisition, L&T MF had an AUM of around Rs. 71,000 crore

Franklin AMC appoints debt head, explores foray into alternatives business

Franklin Templeton aims to rejuvenate its presence in the debt space with Rahul Goswami leading the charge