Page 2 - Mutual Fund Sector

NBFC-MFIs' assets under management to see up to 30% growth in FY24: Crisil

NBFC-MFIs' assets under management are expected to grow by up to 30 per cent in the current financial year, domestic rating agency Crisil said on Thursday. The year will also see an improvement in asset quality and profitability for the Non-Bank Finance Companies-Microfinance Institutions (NBFC-MFI) segment, the agency said. In a report, Crisil said the NBFC-MFI segment's Assets Under Management (AUM) stood at Rs 1.3 lakh crore at the end of March 2023, and the segment has the highest share in the overall microlending universe which also consists of small finance banks, universal banks and other lenders. The overall AUM is expected to have touched Rs 3.4 lakh crore for the entire microlending universe and the growth in NBFC-MFIs has outpaced the same of other lenders. The growth in the NBFC-MFIs segment has come on the back of pent-up demand for credit and increase in ticket-size of disbursements, the agency said. Crisil's senior director Ajit Velonie said the market share of ...

Select small-cap fund manager with proven expertise in this segment

As a result, small-cap funds have garnered the maximum inflows among all equity categories in March (Rs 2,430 crore) and April (Rs 2,182 crore) 2023, according to data from the AMFI

Finance Bill: How will new Mutual Fund rules impact investors from April 1?

New Mutual Fund rules: All existing investments and new investments made in debt MFs before March 31 will not be affected by the proposed mutual fund tax change

Mutual funds adopt T+2 settlement cycle for redemption payouts

Move comes two months after Sebi mandated MFs to pay investors within three days of redemption

Debt returns competing with equities: CIOs of MF houses at BFSI Summit

Naren said after a long time the need for money in the deposit market has come and we see hikes in bank deposit rates

One in two urban Indians investing more post Covid: DSP MF-YouGov Survey

45% respondents raised their investments as pandemic forced a rethink on financial health, 23% slashed it due to pay cuts, fall in risk-taking capacity, uncertainty in business and job loss

Sebi sets lower single-issuer limits for mutual fund debt schemes

Credit-risk rating based limits introduced for all new schemes; existing schemes to be grandfathered

Motilal Oswal AMC to accept fresh investments in international schemes

The AMC had suspended fresh subscriptions to these schemes in Jan after the MF industry came close to breaching global investment limit

SIP account redemptions rise to 11-mth high as investors dip into savings

Investors pulled out around Rs 6,580 crore from their SIP accounts in MF schemes for the pre-festive splurge

Modest traction for MF Central in first year, phased rollout cited

The common platform for MF transactions logs 350,000 registrations and 10,000 monthly logins

A Balasubramanian re-elected Amfi chairman, Sundeep Sikka to head ETF panel

Vishal Kapoor remains head of committee of certified distributors, Nilesh Shah and Navneet Munot stay as chief of valuation committee and equity CIO panel, respectively

Transportation theme catches fund houses' fancy as stocks outperform

Line up new fund offers following sharp outperformance by stocks in the space

Sebi gets tougher with MF industry body for dragging feet on pooling norms

Regulator also unhappy with phase-1 of two-factor authentication framework, asks Amfi for schedule and progress reports

No online transactions in MF folios with wrong phone numbers from Oct: CAMS

According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.

Kotak Securities buys investment platform for advisors, MF distributors

Over 2,300 distributors use the FundExpert Fintech platform to manage mutual fund portfolios worth over Rs 15,000 crore

As FPIs turn net-sellers; MFs, insurers become big buyers on D-Street

DII stake in BSE 500 companies up nearly 55% in seven years

Prashant Jain, MF industry's poster boy, quits HDFC AMC after 19-year stint

Jain, an alumnus of IIT Kanpur and IIM Bangalore, has been replaced by Chirag Setalvad

MF industry AUM hit 11-month low, stocks of 4 firms underperform

The mutual fund industry - which makes money managing assets - has seen zero growth in 11 months.

Sebi considers bringing MF transactions under insider trading ambit

The market regulator had sought public comments on whether the PIT Regulations need to be amended to also cover the MF industry.

WhiteOak Capital launches its maiden NFO; to open on July 12

WhiteOak Capital Mutual Fund, the new entrant to the mutual fund space, on Thursday announced the launch of its first new fund offering WhiteOak Capital Flexi Cap Fund. It is an open-ended dynamic equity scheme investing across large, mid, and small-cap stocks. The New Fund Offering (NFO) will open on July 12 and close on July 26. The minimum investment that can be made in the fund is Rs 500, the fund house said in a statement. The key objective of the scheme is to generate long-term wealth for investors by investing across the market capitalisation spectrum. The fund aims to build an active, well-diversified portfolio, representing a cross-section of companies across major industries, economic sectors, and market cap segments. The exit load of 1 per cent on the New Asset Value (NAV) will be applicable only if the units are redeemed within one month from the date of allotment and 'nil' thereafter. Prateek Pant, Chief Business Officer of WhiteOak Capital Mutual Fund, said the fund