Page 7 - Mutual Funds

Motilal Oswal Mutual Fund divests stake in Zomato for Rs 646 crore

Motilal Oswal Mutual Fund on Tuesday divested its stake in online food delivery aggregator Zomato for Rs 646 crore through an open market transaction. According to the block deal data available on the National Stock Exchange (NSE), Motilal Oswal Mutual Fund (MF) sold more than 2.84 crore shares or 0.3 per cent stake in Gurugram-based Zomato. The shares were disposed of at an average price of Rs 226.85 apiece, taking the transaction value to Rs 645.84 crore. Axis Mutual Fund, BNP Paribas Arbitrage, Citigroup Global Markets Mauritius, Goldman Sachs, Matthews Asia, Morgan Stanley, Hong Kong-based Optimas Capital Management and investment management firm Polar Capital were among the buyers of Zomato's shares. Shares of Zomato plunged 4.71 per cent to close at Rs 218.35 apiece on the NSE.

Six firms in queue for MF licence; AlphaGrep Securities latest applicant

AlphaGrep Securities joins Jio and two others in line for in-principle approval

Mutual funds equity AUM surges past Rs 30 trillion in June, shows data

The report noted that the 8.7 per cent month-on-month rise in AUM was fueled by a rise in market indices and a jump in fresh inflows

Canara Robeco MF launches Balanced Advantage Fund: Should you invest?

The fund aims to generate long-term capital appreciation by dynamically investing in equity and equity-related instruments and debt and money market instruments

A plea to provide more mutual fund data

While these MF products are not systemically important yet, data about them should be made public for academics and investors to do research and challenge incorrect conclusions

Domestic mutual funds increase stake in Paytm, firm's FDI dips by 2%

The shareholding of foreign portfolio investors was pegged at 20.5 per cent in Q1FY25, a 0.16 per cent decline from Q4FY24

Mutual funds bought over Rs 46,000 crore HDFC Bank shares in H1CY24

Apart from HDFC Bank, the stocks that saw the highest MF buying include Indus Towers, Mphasis, Vedanta, Infosys, and TCS. The total investments in the two IT majors stood at Rs 4,870 crore

RBI's risk weighting hike: Mutual fund funding to NBFCs continues to grow

Stays above Rs 2 trillion mark for second consecutive month

Record inflows, equity rally drive MF AUM past Rs 60 trillion: Amfi data

Industry adds latest Rs 10 trillion in just six months

Edelweiss Mutual Fund launches a factor-based business cycle fund

Explaining the strategy, Edelweiss MF said the fund will create three baskets representing quality, growth, and value stocks

Equity MF inflows up 17% at record high of Rs 40,608 cr in June: Amfi

The benchmark NSE Nifty 50 has risen about 65% over these last 40 months, helped by sustained mutual fund inflows, steady earnings and the fastest macroeconomic growth among large economies

AMCs look strong but high valuations risk sharper fall in downturns

Companies have strong cash conversion, predictability and growth runway

Sebi mandates email as default mode for dispatching CAS by depositories

Markets regulator Sebi on Tuesday mandated email as a default mode of dispatch of 'Consolidated Account Statement', which provides an account of securities traded by an investor, by depositories and Mutual FundRegistrar and Transfer Agents (MF-RTAs). The new framework will come into force from April 1, the Securities and Exchange Board of India (Sebi) said in a circular. A Consolidated Account Statement (CAS) is a single or combined account statement which shows the details of financial transactions made by an investor during a month across all mutual funds and also other securities held in dematerialised (demat) mode. The CAS is dispatched to the investors by the depositories (NSDL or CDSL), providing the details of financial transactions in both mutual fund folios and depository accounts if PANs are common across the RTAs and the depositories. In respect of mutual fund folios, where there is no common PAN between the RTAs and the depositories, the CAS is sent by mutual funds ...

Mutual fund investors ease off buying pedal as FPIs make comeback

Net buying by domestic funds lowest in 4 months

ICICI Prudential MF to float energy-focused fund; NFO to open on July 2

ICICI Prudential Mutual Fund is set to float its new scheme focusing on the energy sector on Tuesday, a move that will provide investment opportunities in this space. The energy theme involves a wide range of industries, including oil & gas, bio energy value chain, and lubricants, among others. The new fund offer (NFO) of ICICI Prudential Energy Opportunities Fund will open on July 2 and conclude on July 16, the MF house said. "With the ongoing transition towards renewable energy and the government's focus on achieving net-zero emissions, the energy theme offers significant growth potential. Through this scheme, investors can gain access to a diversified portfolio of companies across the energy value chain," ICICI Prudential MF CIO Sankaran Naren said. The open-ended scheme aims to generate long-term capital appreciation by investing predominantly in equity and equity-related instruments of companies engaged in traditional and new energy industries as well as allied businesses.

Sebi proposes mandatory disclosure of 'risk-adjusted return' by MFs

Capital markets regulator Sebi on Friday proposed mandatory disclosure of 'risk-adjusted return' along with the return of a mutual fund scheme to help investors make informed investment decisions. Risk-adjusted return (RAR) of a scheme portfolio represents a more holistic measure of the scheme's performance because it quantifies the amount of return generated by a mutual fund scheme for each unit of risk taken to achieve that return. The current regulatory framework does not mandate the disclosure of RAR along with the returns of an MF scheme. Further, there is no uniform practice followed by asset management companies (AMCs) regarding disclosure of RAR of their scheme. The return on investment is a major factor attracting investors to invest in any MF scheme and is highlighted by the AMCs while marketing respective schemes. Considering the significance of volatility of performance in determining the suitability of MF schemes, it is desirable that the RAR of the scheme is disclose

Reviewing money goals, trimming portfolio: Top personal finance stories

This week we write about mid-year financial checklist, selecting funds to drop, and the yoga gear you must have

Quant Mutual's clients pull $168 million in three days after Sebi probe

The Mumbai-based asset manager, one of the fastest growing mutual funds in India, has seen its assets soar lately to Rs 93,000 crore ($11.1 billion) from Rs 240 crore in 2019.

Shriram AMC launches NIFTY 1D Rate Liquid ETF: Check details of scheme

The fund is suitable for investors who are seeking a stable, liquid alternative to traditional savings accounts and want safety and liquidity for short-term funds

Mixed session in market for Quant Mutual Fund's major smallcap holdings

Smallcap holdings came into focus amid Sebi probe over front-running