Page 16 - Mutual Funds

As Jio Fin awaits MF biz licence, this brokerage sees 24% upside in stock

On the bourses, shares of Jio Financial Services advanced 3.2 per cent to Rs 242 apiece on the BSE in Thursday's intraday trade

Jio Financial-BlackRock JV applies for mutual fund licence with Sebi

The joint venture between Jio Financial Services and BlackRock has applied for a mutual fund licence with the market regulator, and the application is currently under consideration, according to a SEBI update. An update on mutual fund approval status from the Securities and Exchange Board of India (Sebi) as of December 31, 2023, lists Jio Financial Services & BlackRock Financial Management among the applicants under consideration for a mutual fund licence. Jio submitted its application on October 19, and Sebi's status report showed that it is "under process". Jio Financial Services Ltd, the newly demerged financial services arm of billionaire Mukesh Ambani's Reliance, and BlackRock announced an agreement in July 2023 to form a 50:50 joint venture with a USD 150 million investment each to enter the asset management business in India. "Jio BlackRock combines Jio Financial Services' knowledge and resources with BlackRock's scale and investment expertise to deliver affordable, ...

Jio Financial's application for mutual fund licence under process: Sebi

Update by regulator puts to rest speculations that Jio is looking to enter MF space through acquisition

HDFC MF ramps up presence; PPFAS MF allows redemptions in liquid fund

The newly-inaugurated branches are mostly in smaller towns like Angul, Cooch Behar, Hazaribagh, Renukoot and Raebareli

Mutual funds' equity buys hit Rs 1.7 trn in 2023, defying market swing

Aggressive buying indicates strong flows into equity funds in December

Don't shun midcaps, smallcaps just because they surged 40-50%: Invesco CIO

'What will matter in 2024 from the market standpoint is the direction of interest rates globally, as well as in India. The results of the general elections will also be keenly watched'

Smallcap rush pushes hybrid funds to sidelines, show slowest account growth

New account addition slows to 3-year low despite debt tax change boost

Inside the record year for India's $585 billion mutual funds industry

Equity funds have seen inflows for 33 straight months through November, with monthly recurring plans emerging as the most popular product among retail investors

IFSCA may allow Indian listed firms to launch QIP, tax sops for listing

Suggests tax sops for direct listing

High smallcap valuations, temper return expectations: Kotak MF CIO

In an email interaction with Abhishek Kumar, Upadhyaya says domestic-facing sectors like automotive, cement, and construction are a better bet right now as global uncertainties prevail

Fundraising through rights issues sprint in 2023, but QIPs maintain lead

Year sees revival in rights issues, with 11 companies raising Rs 7,168 crore, eclipsing previous year's total of Rs 3,884 crore by 10 companies

Micro Marvels: Smallcaps stocks primed for Rs 20,000 cr capital club

Measured against 2018 baseline, mcap of largest smallcap stock has surged 2.5x

Mutual funds bounce back in 2023 with Rs 9 trillion surge in asset base

The mutual fund industry has bounced back strongly this year after a lacklustre 2022 with a remarkable Rs 9 lakh crore surge in the asset base, propelled by a buoyant equity market, stable interest rates and robust economic expansion. Experts believe that the positive momentum should continue into the near year as well. With a substantial increase, the overall inflow this year has reached Rs 3.15 lakh crore, accompanied by a growth of over 2 crore in the investor count. This was supported by the increasing popularity of Systematic Investment Plans (SIPs), which drew in Rs 1.66 lakh crore, according to the data shared by the Association of Mutual Fund Industry (Amfi). The inflow has pushed the assets under management (AUM) of the mutual fund industry by 23 per cent or Rs 9 lakh crore in 2023, the data showed. This was way higher than the 7 per cent growth and Rs 2.65 lakh crore increase in AUM observed throughout 2022, as well as the nearly 22 per cent growth and close to Rs 7 lakh .

Allocate 20-30% to long-duration debt funds, enter with 6 to 8 years period

Even when investing solely for capital gains, stay flexible and extend investment horizon if required

First time in 10 years: ETF AUM growth falls behind MF industry in 2023

The last time ETFs trailed the mutual fund industry was in 2013, when the ETF AUM had declined 11 per cent despite the industry's assets growing 9 per cent

Fund Pick: ICICI Prudential All Seasons Bond leads in CAGR, strategy

It is an open-ended dynamic debt scheme investing across durations, and faces relatively high interest rate risk and moderate credit risk

Financial sector stocks, new listings take centerstage in November for MFs

The equity market witnessed a sharp rally last month. The benchmark Nifty50 rose by 5.5 per cent, the most since July 2022

Mutual Fund IPOs anchor bigger than FPIs for a second year in a row

So far this calendar, domestic funds subscribe for shares worth Rs 5,577 cr in anchor category, while FPIs Rs 5,417 cr

SIP collection up Rs 1.66 trn in 2023, lower ticket size to push inflow

Investors are placing significant bets on systematic investment plans, or SIPs, with inflows rising to Rs 1.66 lakh crore in the first 11 months of 2023, while Sebi's decision to lower the ticket size to Rs 250 will further boost investment. The total invested in the first 11 months this year is way higher than Rs 1.5 lakh crore through the route in the entire 2022, Rs 1.14 lakh crore in 2021, Rs 97,000 crore in 2020, as per data with the Association of Mutual Funds in India (AMFI). Going ahead, Akhil Chaturvedi, Chief Business Officer of Motilal Oswal AMC, anticipated a sustained and healthy year-on-year growth in overall SIP participation. "With a buoyant economic outlook and increased market participation, investors are likely to continue favouring SIPs as a disciplined and accessible investment avenue. The ongoing strength in the market, coupled with the potential for healthy returns, reinforces our belief that the upward trend in SIPs will persist throughout 2024," he ...

Mutual fund managers find comfort in largecaps as Sensex tops 70,000

P/E multiple expansion in smallcaps and midcaps sharper than largecaps