Smallcap and midcap funds are in the spotlight. There are heated arguments on whether they have peaked or there is more steam left in them. Are they attracting more than their fair share of inflows? Will they be able to meet the redemption requests in case of a sudden fall in markets? … Continue reading Tracking paths of midcap, smallcap funds through their 6-year journey | Mutual Fund – Top Stories
Tag: mutual
SIP’s full cup: Lowest stoppage ratio in over two years, shows data | Mutual Fund – Top Stories
Even as new systematic investment plan (SIP) account registrations dropped last month, the net SIP account additions came in higher than in January. The increase in net additions came on the back of an improved SIP stoppage ratio of 42 per cent, the lowest since November 2021. The SIP stoppage ratio is… Continue reading SIP’s full cup: Lowest stoppage ratio in over two years, shows data | Mutual Fund – Top Stories
Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep
In a bid to expand fee-based income, state-owned Punjab & Sind Bank is planning to foray into mutual fund space and hopes to find a partner by September, a senior official has said. “The bank has already floated a Request for Proposal to finalise a partner in the Fintech space, and we hope… Continue reading Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep
Mutual Fund's overseas holdings decline 13.5% in FY 2023: RBI report
Investments stood at $5.6 bn in March 2023, against $6.5 bn a year ago Source link
LIC Mutual Fund completes the takeover of IDBI Mutual Fund schemes
LIC Mutual Fund (MF) on Monday said it has completed the takeover of schemes of IDBI MF. Out of 20 schemes of IDBI MF, 10 have been merged with similar schemes of LIC MF and the remaining 10 have been taken over by LIC MF. The merger is likely to have taken… Continue reading LIC Mutual Fund completes the takeover of IDBI Mutual Fund schemes
Commission payout by top 10 mutual funds up 14% in FY23, shows data
The commission paid out to distributors by the top 10 fund houses surged 14 per cent in 2022–23 (FY23) to Rs 8,807 crore, as a sustained rise in flows from the systematic investment plan route lifted distributors’ share in the assets under management (AUM). This information is according to the commission disclosure reports released… Continue reading Commission payout by top 10 mutual funds up 14% in FY23, shows data
Can Jio disrupt the mutual fund business?
Mukesh Ambani’s newly demerged entity Jio Financial Services, about which hardly anything is known, is widely expected to disrupt the $540 billion Indian mutual fund (MF) business. It has formed a 50:50 joint venture with giant US fund house BlackRock to “transform India’s asset management industry” and “democratise access” to options for Indians by… Continue reading Can Jio disrupt the mutual fund business?