Growth Funds : In this the investment is mainly done in equity stocks of fast growing companies. High expected growth and risk go hand in hand
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Bharat-22 ETF follow-on offer could be worth Rs 10,000 crore
Tuesday, April 17, 2018, 2:57 PM
The Finance Ministry may come out with an Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange-traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm. Besides, the ministry is keen to take the ETF route to sell off government shares held through SUUTI in private companies ITC, Axis Bank, and L&T, an official told.
Groww launches direct plan mutual funds
Monday, April 16, 2018, 9:38 PM
Groww, an investment platform, today announced direct plan mutual-funds for its customers. So far, regular mutual-funds were available on groww.in. However, from today, all funds would be direct by default, the investment platform said in a statement. One can buy any direct-plan available on the company's app or website, without paperwork and within minutes. There are no charges for investing in direct plans through Groww.
SBI MF re-classifies schemes; gives exit option to unit holders
Sunday, April 15, 2018, 3:31 PM
SBI Asset Management Company has re-classified and categorised its several schemes, a move that will reduce clutter and make it simple to compare performance of various other mutual fund schemes. Besides, the fund house has given the exit option to existing investors. The move is part of the fund house effort to comply with markets regulator Sebi's directive.
Mutual funds' assets base surged to over Rs 23 lakh crore in FY18
Thursday, April 5, 2018, 6:18 PM
Mutual funds' assets base surged to over Rs.23 lakh crore in 2017-18, adding Rs.4.75 lakh crore to the kitty, due to a spirited investor awareness campaign by the industry and strong participation from smaller towns. Moreover, fund houses may see robust growth in AUM in the current financial year too, as the penetration levels of mutual funds are still very low in the country.
MFs add 32 lakh investors in 1 year on awareness campaign
Wednesday, April 4, 2018, 5:31 PM
Mutual funds industry has added 32 lakh new investors over the last one year mainly due to a spirited promotion campaign by the industry, a senior Amfi official said today. The industry had launched the first leg of its very ambitious investor awareness campaign, 'mutual fund sahi hai' (mutual funds are right) for investors in March 2017.
Govt plans 2nd tranche of Bharat-22 ETF
Monday, April 2, 2018, 4:32 PM
The government plans to hit the market with the follow-on offer of Bharat-22 ETF after the blockbuster performance in the first tranche, with ICICI Prudential Mutual Fund filing draft papers for the second round. The government had raised Rs 14,500 crore through the first tranche of Bharat-22 Exchange Traded Fund (ETF), which comprises 22 companies, in November last year.
Most equity mutual funds underperform in last 1 year: Report
Monday, March 26, 2018, 7:42 PM
In terms of returns to investors, most of the equity-focused mutual funds have underperformed their respective benchmark S&P BSE indices, for the one year ended December last year, says a report. The findings are a part of S&P Dow Jones Indices scorecard SPIVA, which tracks the performance of actively managed Indian mutual funds against their benchmarks over one-year, three-year, five-year and 10-year periods.
MF houses appointing two fund managers to manage large schemes
Tuesday, March 20, 2018, 2:47 PM
Amidst a changing regulatory environment, mutual fund houses are revising the management for their flagship schemes by appointing two fund managers for managing large schemes. In the last three months, as many as five mutual fund houses have appointed co-fund managers for managing their large or flagship funds. A slew of funds is star performers in their respective category.
Top mutual funds' asset base declines by Rs 8,900 crore in February
Sunday, March 18, 2018, 12:22 PM
The asset base of the country's top 10 mutual funds declined by a massive Rs 8,900 crore in February, mainly on account of lower inflows from retail and high networth individuals. The assets under management of the fund houses slumped to Rs.18,68,404 crore in February, as against Rs.18,77,303 crore in January, as per the data of the Association of Mutual Funds in India.
Small towns added Rs 4.36 lakh cr to MF assets in Feb
Wednesday, March 14, 2018, 8:44 PM
Smaller towns contributed Rs 4.36 lakh crore to assets under management (AUM) of the mutual fund industry at the end of February 2018, over 41 percent higher than a year-ago period, said a report. According to rating agency ICRA, AUM of mutual funds from B15 cities (beyond top 15 cities) stood at Rs 3.08 lakh crore at end of February 2017.
Geojit Financial Services launches a mobile app for mutual funds
Thursday, March 8, 2018, 4:57 PM
Leveraging its dominance in online-investments, financial-services company Geojit-Financial-Services has introduced a mutual fund app that enables investors on board and start investing-instantly. Launching the app called Funds-Genie on Thursday, chairman, and secretary of department of telecommunications said MF of the country is the fastest growing in the world. The app provides a choice of 14000-plus MF-schemes and facilities like portfolio-performance-tracking, comprehensive-reports, and SIP-calculators.
40 banks enabled for e-mandate on BSE StAR MF
Tuesday, March 6, 2018, 7:32 PM
Leading stock exchange BSE today said as many as 40 banks have been enabled for the e-mandate facility on StAR MF, its mutual fund platform. The e-mandate facility, launched by the exchange on January 20, is a paperless framework that reduces the time taken for mandate approval to 3 days, from 10 to 35 days for paper-based approvals earlier.
Sundaram MF suspended from BSE Star MF
Tuesday, February 20, 2018, 6:46 PM
Sundaram Mutual Fund has been suspended from BSE Star MF, a mutual fund portal of BSE, used by many investors to transact in mutual fund units. Starting today investors cannot register fresh SIPs or make fresh purchases in Sundaram Mutual Fund on the BSE star MF platform. However existing SIPs registered will continue and they can also redeem their mutual fund units.
MF's sell financial stocks the most as markets soared in January
Monday, February 19, 2018, 10:45 AM
Mutual funds locked in gains in financial stocks the most among the top stocks in January, taking advantage of the run-up in the pack and record high levels in the overall market. BSE's 30-share Sensex touched a record high of 36,443.98 on 29 January 2018 and is down 6.68% ever since as turmoil in global equity markets wreaked havoc.
BSE extends window to submit Aadhaar for new MF investors
Thursday, February 15, 2018, 9:33 PM
To ensure compliance with anti-money laundering rules, leading stock exchange BSE on Thursday extended the deadline for new mutual fund investors to submit PAN and Aadhaar till April 1, 2018, failing which their folios would be closed. For new mutual fund accounts opened from February 15, investors were required to submit PAN and Aadhaar at the time of opening of such folios.
