Overnight funds registered outflows of Rs 10,298 crore in August. Overnight funds invest their assets in CBLO (collateralised borrowing and lending obligations) and repo/reverse repo instruments that mature in one day, while liquid funds invest in treasury bills, commercial paper, and certificate of deposit that have a maturity of up to 91 days. … [Read more...] about AMFI August Data: MF industry registers total outflows of over Rs 14,000 crore; debt category hit the most
Mfs investment management
Moneycontrol’s takeYou could just as well plan for your child’s future through an existing and even an open-ended fund that comes with a track record.SBI’s fund will now have two variants – equity and debt-oriented – just like most other children-focused mutual fund schemes. It also aims to benefit from investing across asset classes; a strategy that has proved beneficial in recent times. Of course, the scheme is meant for a child’s financial planning and comes with a five year lock-in. Investors can give the new scheme a miss. Instead, the fund house’s other existing open-ended schemes may help reach your financial goals. … [Read more...] about SBI Magnum Children’s Benefit Fund (Investment Plan) NFO: Should you invest?
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
The Nifty50 has gone back to its February 2020 levels but in the absence of earnings and aggressive retail participation (ie on the back of left out feeling), valuations have gone through the roof. Between February 2020 and now, we have seen a swing in GDP forecast for FY21 from +5.5 percent to -5.8 percent. In February, we were projecting FY21 Nifty50 EPS to be around Rs 670 which now stands at around Rs 457 (a downgrade of 32 percent within six months). … [Read more...] about ‘More MF outflows seen if market keeps rising; BFSI stocks can outperform in next one year’
Investing in a focused fund can be tricky. The performance of a focused fund largely depends upon the fund manager’s ability to spot stocks that can potentially see significant re-rating in valuations. If the fund manager gets his stock-selection right, investors would gain from outperformance when markets run-up, but it can also backfire as pointed out above. … [Read more...] about Invesco India Focused 20 Equity NFO: Should you invest?