The silver lining is that the mutual fund industry added 11.16 lakh new SIP accounts in August. Almost equal additions were made in the month of July as well. Currently, mutual funds have about 3.30 crore SIP folios through which investors regularly invest in schemes. … [Read more...] about Mutual funds managed 3.30 crore SIP accounts as on August 31; inflows fall a tad
Ato regulated self managed superannuation fund
"The move by the regulator is structural. As on August 2020, the assets under management (AUM) under multi-cap funds were around Rs 1.45 lakh crore. Of these, around 70-75 percent of the funds were invested in largecap stocks and rest in mid-smallcap stocks. So we are estimating around Rs 30,000-35,000 crore additional liquidity for the mid-smallcap space," Choice Broking said. … [Read more...] about Sebi’s multi-cap fund norms may see Rs 25-35K crore move from largecaps to mid and smallcaps
Meanwhile, there were also fears that large-cap stocks could correct as most multi-cap schemes had become largecap heavy. According to data from Morningstar, of the 35 multi-cap funds, 32 had over 50 percent allocation to largecap stocks. Of this, 28 schemes had between 65 percent and 92 percent largecap allocation as of August 31. … [Read more...] about Sebi says mutual funds can merge multi-cap schemes, or re-position under different category
Over the past two years, mutual funds (MFs) have started offering a wider range of ETFs: smart-beta products, mid-cap, sectoral and those linked to the US markets. In August, HDFC MF floated a banking ETF. ICICI MF rolled out an ETF focusing on the information technology (IT) sector and also an Alpha Low Vol 30 ETF in August. … [Read more...] about Investors take to ETFs as fund houses serve a wider spread
Since the scheme’s debt component would be restricted to just 35 percent, it would be managed conservatively, says Dinesh Ahuja, debt fund manager for the fund. “We will stick to high-quality AAA-rated names, and if there is a potential to generate alpha in AA or AA-plus rated corporate bonds, we would consider high-quality names in that segment,” he says. … [Read more...] about SBI Magnum Children’s Benefit Fund (Investment Plan) NFO: Should you invest?