The arbitrage category witnessed Rs 33,767 crore in net outflow during March
Industry experts say in case of an unprecedented scenario of a deadlock in the voting process, the fund house would have to seek guidance from the regulator
The fund house re-iterated that the reason for winding-up the six schemes was to preserve the value for unitholders and return money at the earliest.
Market-linked debentures and credit risk funds - two products to have grown popular in the past two years - have fallen out of favour since the outbreak
Industry estimates suggest Rs 5,700 crore exposed to such papers
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Data shows Rs 4,000 crore of borrowing facility already used
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today
Existing investors need to scrutinise portfolios carefully, new ones should take expert help
Sebi regulations required fund houses to cap exposure to such papers at 10% of scheme assets
Distributor's association asks regulators to extend direct credit line for industry.
This would be a good time to change the 20-25 rule to 50-5 or 50-10
A redemption of mutual fund investments gives rise to capital gain or loss, which are taxed as capital gains. A loss, however, can be set-off against other taxable gains from other asset classes
In a Q&A, the MD and CEO of Max Life says as a shareholder, Axis will now focus more on pushing high-margin products such as protection, which Indian customers also need
Banking & PSU debt fund has seen assets declining from 1,542 crores to Rs 1,134 crore in the same time-frame
Stick to solid banks and shun both credit and duration risk in debt funds
Fund house had extended moratorium to group companies on April-June obligations
Investors exposed to dynamic accrual fund can see shorter timeframe, as 45% of the assets are maturing within two years
Troubles with India's illiquid debt market have plagued Franklin Templeton since inception
Closed schemes had large exposure to some bond issuers