Markets regulator Sebi has permitted mutual funds to make additional investment in government securities and treasury bills for corporate bond, banking and public sector undertaking, and credit risk funds, industry sources said.
Tata Capital Growth Fund II (TCGF II) managed by Tata Capital has invested a sum of $5 million in a US-based security software-as-a-service (SaaS) startup Indusface to help give a boost to the firm's global customer acquisition and product innovation plans.
Franklin Templeton Mutual Fund (MF) on Thursday decided to shut six of its open-ended debt schemes oriented towards high-yield investments citing continued redemption pressure and lack of liquidity in the debt markets amid the lockdown and the coronavirus pandemic.
Equity-oriented mutual fund schemes delivered a negative return of about 25 per cent to investors over the last one month as the broader market witnessed significant downtrend amid coronavirus-triggered recession fears.
Net inflows into equity and equity-linked schemes rose from Rs 7,547 crore in January to Rs 10,760 crore in February, data by the Association of Mutual Funds in India showed on Wednesday. This is the highest since March 2019, when equity schemes attracted an inflow to the tune of Rs 11,756 crore.
Mutual funds focused on investing in fixed-income securities saw an inflow of over Rs 94,000 crore in three months ended December 2019, driven by infusion in liquid and overnight funds.
Union Budget 2020: Are you Mutual fund investor? Then this news is very for you as the Union Budget for FY 2020-21 will be presented today. Finance Minister Nirmala Sitharaman will be presenting the Budget in Parliament. So, Mutual funds investors will not be able to make a fresh investment or sell their units on the Budget day
Mutual funds have added a staggering over Rs 4 lakh crore to their asset base in 2019 and the industry expects the growth trajectory to continue in the new year on the back of strong inflows in debt schemes and measures taken by regulator Sebi for boosting investors' confidence.
Lenders to the crippled mortgage lender Dewan Housing Finance (DHFL) are hopeful of passing a resolution plan successfully at the earliest even as mutual funds are not yet on the same page with the bankers' plan.
Under this approach, all traded securities would be valued on the basis of traded yields, subject to identification of outlier trades by the valuation agencies.Besides, the regulator has come out with a framework relating to valuation of inter-scheme transfers and barred the use of own trades for valuation.
In a written reply to the Lok Sabha, Union minister Anurag Thakur said that Sebi, in its regulatory oversight, has noticed various irregularities with respect to the functioning of mutual funds like failure to identify and appropriate all the expenses in individual schemes as per regulatory requirements.
FM Arun Jaitley in his Budget 2018 speech has proposed to re-introduce long-term capital gains tax on gains arising from the transfer of listed equity shares exceeding Rs 1 Lakh at 10 percent, without allowing any indexation benefit.
According to SEBI, the issue of scheme classification was taken up at the Mutual Fund Advisory Committee (MFAC).
Also, the average ticket size of SIPs has increased from Rs 2,322 per SIP to Rs 3,121.
New Delhi: Financial Services firm Reliance Capital on Friday reported a 22.5% rise in net profit at Rs 201 crore for the first quarter ended June 30. The ADAG company had a net profit of
Mumbai: In a fresh crackdown on Sahara, regulator Sebi today cancelled the registration of Sahara Mutual Fund saying it was no longer ‘fit and proper' to carry out this business and ordered transfer of its
Mumbai: With women officers already heading most of its subsidiaries, the Life Insurance Corporation (LIC) is continuing with the trend to place them in bigger roles. The trend began with the appointment of Usha Sangwan as
New Delhi: Private sector lender Yes Bank today said it will foray into mutual fund business next fiscal through organic or inorganic route."There is a plan to enter into asset management business organically or inorganically...
Mumbai: The Securities and Exchange Board of India (SEBI) has convened a meeting here today of industry stakeholders, including chief executives of mutual fund (MF) houses, to discuss larger policy issues, current market situation and
Mumbai: Mutual fund assets have regained the Rs 10 trillion mark in July, boosted by inflows in money markets and equity funds, according to industry data collatedby Crisil.The AUMs had crossed the Rs 10 trillion
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