Mutual funds focussed on fixed-income securities witnessed a multi-fold surge in investment to Rs 91,392 crore in July, with short duration funds contributing a major chunk of the infusion.
Mahindra Manulife Mutual Fund has launched -Mahindra Manulife Arbitrage Yojana, an open ended scheme for investment in arbitrage opportunities available in equity, derivatives and debt markets.
Leading bourse BSE on Monday said its mutual fund distribution platform StAR MF has launched a direct investment portal for corporates, which will simplify the investment process.
Most equity mutual fund categories saw net outflows in July as investors continue to sell their investments, possibly due to their precarious financial position or the uncertain economic scenario amid the raging Covid-19 pandemic.
The mutual fund industry has added 18 lakh investor accounts in three months ended June 30, taking the total tally to 9.15 crore, amid volatile market conditions.
Sanjay Sapre, President, Franklin Templeton Mutual Fund, has written to investors that the six shuttered debt mutual fund schemes continue to receive cash flows.
“Mutual funds have stabilised since the Franklin Templeton episode. Assets under management of debt mutual funds, which fell to Rs 12.20 lakh crore as on April 29, 2020, recovered and improved to Rs 13.89 lakh crore as on July 31, 2020,” said Shaktikanta Das, Governor, RBI.
Along with gold, the demand for silver as an investment avenue is also on the ascent. Combined with industrial demand for silver, the price of this precious metal is also nearing record levels globally, industry experts said.
Nippon Life India Asset Management Limited has announced the launch of Nippon India Multi-Asset Fund. The New Fund Offer (NFO) opens for subscription on August 7 and closes on August 21.
Four among the six shuttered debt schemes of Franklin Templeton Mutual fund saw a fall in their Net Asset Values or NAVs after two entities - Nufuture Digital (India) Ltd (NDIL) and Future Ideas Co Ltd (FICL) – defaulted on payments.
Aashish Somaiyaa has resigned from the position of MD &CEO of Motilal Oswal AMC. The company has announced that Navin Agarwal, who has been Managing Director, Motilal Oswal Financial Services till date, will lead Motilal Oswal AMC (MOAMC) as its new MD & CEO.
ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Alpha Low Vol 30 ETF, an open ended index exchange traded fund tracking Nifty Alpha Low Volatility 30 Index.
Front-running refers to an unethical practice by someone trading in shares on the basis of advance information given by a broker, analyst or other executive at a market intermediary before the trades are conducted by that entity.
The asset base of equity mutual funds surged 21 per cent to over Rs 7 lakh crore during the June 2020 quarter, primarily on account of rebound in markets and backed by strong SIP inflows, a Morningstar India report said on Thursday.
World Gold Council (WGC) reported, the overall gold during April-June period fell to 1,015.7 tonne, from 1,136.9 tonne a year ago, due to lockdown in many countries..
