The benchmark indices gained 0.3 per cent in October, while the smallcap indices ended a per cent lower
Equity funds collectively held Rs 2,879 cr worth of IRCTC shares at the end of September
HDFC Life and Reliance Industries (RIL) also featured in the most-sold list
The fund house has launched four equity funds the past few months to plug gaps in its product basket; it had launched only five actively-managed equity schemes between 2001 and 2020
ICICI Securities, Axis, Kotak among top 5 managers of equity issuances
38% of MF distributors say their clients have hiked exposure to equity funds since last March, 16% said their clients have become risk averse, 46% say no change
Investors take money off the table as markets hit new record highs
Market participants say that redemption pressure has slowed down, and new sales have gone up substantially in the month of June
The fear of a sharp correction in the equity market is compelling MF investors to consider less risky alternatives, say industry players
The share of such plans among equity schemes has risen around 7 percentage points from 9.6 per cent to 16.6 per cent in the past five years
But it remains to be seen whether this is on account of incremental flows or has to do with appreciation in stock prices
In a Q&A, the MD-CEO of the fund house shares its journey to the top and his views on the cost of investing
Most focused funds have exposure of around 50-60% in large-cap stocks, with the remaining between mid- and small-cap stocks
A SIP lets investors commit a fixed sum every month, compared to putting in a large sum at once.
Principal Asset decided to exit the asset management business in India
According to experts, schemes that were sitting on a lot of cash deployed it after the market crash in March and April
Outflows surpassed Rs 33K crore between July and December
November outflow at record high even as overall AUM tops Rs 30 trn milestone on sharp run up in stock markets and positive flows into debt category
Axis Special Situations Fund will tap domestic and global markets; UTI Small Cap Fund will invest in small cap stocks.
The thematic passive index fund is designed with the objective of providing Indian investors access to both Indian and global healthcare companies