mutual funds sahi hai: Amfi signs 4 more cricket players for ‘mutual funds sahi hai’ campaign

Industry body Amfi on Monday said it has roped in four more cricket stars — Rohit Sharma, Shikhar Dhawan, Jasprit Bumrah and Shreyas Iyer– for their ”Mutual Funds Sahi Hai” campaign that aims to create awareness about the financial product among youth and first-time investors. This would be in addition …

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BSE midcap, smallcap indices rally up to 4% following change in multicap norms

Broader markets outperformed the benchmarks on Monday, with the BSE small-cap and mid-cap indices rallying up to 4 per cent following Sebi‘s asset allocation norms for multi-cap mutual funds. The BSE small-cap index rose by 4.03 per cent to close at 15,145.23. Majority of its components closed higher, surging as …

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Mutual funds withdraw Rs 17,600 cr from stocks in Jul-Aug

Mutual funds have pulled out Rs 17,600 crore from stock markets in July-August mainly on account of negative sales in equity-oriented schemes. This comes against the backdrop of the coronavirus pandemic-related disruptions, a sharp slowdown in economic activity across the globe and a volatility in equity markets. Prior to the …

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multi cap funds: Distributors to avoid lumpsum investments in multi cap schemes

Financial planners and distributors will not make a lumpsum or fresh allocations to existing schemes in the multicap category until there is clarity on what fund houses plan to do with multi cap schemes to comply with the new Sebi rule. “We will not recommend multicap funds till clarity emerges. …

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Committed to follow Sebi’s new norms on multi cap MF schemes: Amfi

The Association of Mutual Funds in India (Amfi) has said it is committed to follow market regulator Securities and Exchange Board of India’s (Sebi) new regulation on multi cap mutual fund schemes. “Given the flexibility now offered by Sebi to facilitate switch to other schemes or merger of schemes, the …

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Sebi clarifies multi-cap funds free to choose route to comply with its Friday circular

Securities and Exchange Board of India clarified on Sunday evening that mutual funds are free to choose the route for complying with the revised norms on multi-cap funds. On Friday, the capital markets regulator had directed multi-cap funds to invest at least 25% of their corpuses each in large-cap stocks, …

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Combative mutual funds may dash small-cap party hopes

MUMBAI: The weekend celebrations of investors in small-cap stocks over the capital market regulator’s stricter investment norms for mutual funds’ multi-cap funds-a product with a mandate to invest across share categories– may prove to be premature. Mutual funds are looking at various possibilities that would help multi-cap schemes avoid forced …

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Franklin Templeton: Franklin India Low Duration Fund, Credit Risk Fund turn cash positive

In a note released by Franklin Templeton Mutual Fund, Sanjay Sapre, President of the fund house, said two shuttered schemes of the fund house – Franklin India Low Duration Fund and Franklin India Credit Risk Fund – have turned cash positive as on August 31. In an update to investors, …

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BSE StAR MF equity inflows: BSE StAR MF logs net equity inflow of Rs 667 crore in August

Mutual funds distributor platform BSE StAR MF registered a net inflow of Rs 667 crore in equity schemes in August amidst market volatility, the exchange said on Thursday. The mutual fund (MF) industry witnessed a net withdrawal of Rs 4,000 crore from equity-oriented schemes during the same month. In July, …

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