Active equity schemes held nearly Rs 1.7 trillion in cash at the end of October
Sebi board meeting today, Sept 30, will be the first meeting since allegations were pressed against Sebi Chairperson Madhabi Puri Buch by Hindenburg Research. Here's what to expect from the meeting
Capital markets regulator Sebi on Friday proposed facilitating investments by mutual funds in overseas funds, which invest certain portion of their assets in Indian securities. This is subject to the fact that the total exposure to Indian securities by such overseas funds should not be more than 20 per cent of their net assets, Sebi said in its consultation paper. The move would help keep Indian fund of funds (FoFs) true to their label, coupled with cost effectiveness, for investors. Considering strong economic growth prospects of India, the country's securities offer an attractive investment opportunity for foreign funds and accordingly, various international indices, exchange traded funds (ETFs), mutual funds (MFs), unit trusts (UTs) allocate a portion of their assets to Indian securities, Sebi noted. As of April 30, 2024, the MSCI Emerging Markets Index has a little over 18 per cent weight to Indian securities. Similarly, JP Morgan's Emerging Markets Opportunities Fund' holds .
The surge in indices came on the back of a robust economy, optimistic forecasts from global brokerages and rating firms on economic growth outlook, and favourable investor sentiment
Update by regulator puts to rest speculations that Jio is looking to enter MF space through acquisition
New norms to curb mis-selling, bring parity on upfront commissions that are already barred in MFs, PMS
Finance Bill 2023 has introduced an amendment that will classify capital gains arising from debt mutual funds as only short-term capital gains.
As of end-February, total MF accounts was 144 million
Bajaj Finance has a retail presence that's unlike any other non-banking finance company
Says MFs using illustrations based on assumptions; disclaimers made in fine print can escape investors
Fisdom among few fintechs to generate revenue through MF distribution
The concerns shared by Sebi are splitting of transactions and churning of investments by distributors, variance in calculation of B-30 incentives among AMCs
They have an important role in improving corporate governance and deepening the corporate bond market
HCL Technologies, Dr Reddy's Lab and Tech Mahindra were among the top-sells in December
Covers 30 locations across multiple cities including Maharashtra and Gujarat.
The bull run over the past year has fuelled a surge in interest in direct stock investing, especially among the millennials
The inflow pushed the asset base of equity mutual funds (MFs) to Rs 12.8 trillion by September-end, from Rs 11.1 trillion at the end of June
The benchmark indices gained 0.3 per cent in October, while the smallcap indices ended a per cent lower
Regulator has introduced a two-tiered structure for benchmarking of schemes and all the benchmarks followed should be total return index (TRI)
Redemption of units held in demat, issuance of delivery instruction slip to depository participant to debit units for delivery to clearing corporations may continue