Equity mutual funds witnessed an outflow of Rs 734 crore in September, making it the third consecutive monthly withdrawal, mainly due to pull-out from multi-cap space. Besides, investors pulled out over Rs 51,900 crore from debt mutual funds (MFs) last month compared to Rs 3,907 crore in August, data from Read more…
Aditya Birla Sun Life AMC has announced the launch of Aditya Birla Sun Life Special Opportunities Fund, an open-ended equity scheme following the special situations theme. The fund will be managed by Anil Shah. The fund management team also includes Chanchal Khandelwal and Vinod Bhat. The NFO opens on October Read more…
Franklin Templeton Mutual Fund said its six shut schemes have received Rs 8,262 crore from maturities, pre-payments and coupon payments since closing down in April. The schemes have received Rs 1,078 crore during September 1-15. This takes the total cash flows received till date since April 24 to Rs 8,262 Read more…
Franklin Templeton had abruptly closed down the six debt schemes handling Rs 26,000 crore of investor money on April 23 citing redemption pressure and lack of liquidity in the bond market. Source link
Invesco India Focused 20 Equity Fund (an open-ended equity scheme investing in maximum 20 stocks across market capitalization (i.e. Multicap)), which was open for subscription until 23rd September has collected Rs. 602 crs in the NFO. The fund received 29,240 applications from investors across 855 cities & towns in India. Read more…
Co-investors of Silver Lake to invest an additional ₹1,875 crore. Reliance Industries Ltd. (RIL) and Reliance Retail Ventures Ltd. (RRVL) on Wednesday announced that co-investors of Silver Lake will invest an additional ₹1,875 crore into RRVL, a subsidiary of RIL. This brings the aggregate investment by Silver Lake and its Read more…
Markets regulator Sebi on Tuesday decided to make mutual fund managers more accountable by introducing a code of conduct for them and tightened disclosure norms with regard to forensic audit of listed entities. The watchdog also decided to strengthen the role of debenture trustees and amend insider trading norms. The Read more…
The mutual fund industry added 4.5 lakh investor accounts in August, taking the total tally to 9.25 crore, primarily on account of contribution from debt schemes. Market experts said that the addition of folios suggests that investors were undeterred by the market volatility. Besides, it indicates their understanding of the Read more…
UTI Asset Management Company Limited, the second largest asset management company in India in terms of Total AUM, allotted 1,16,36,124 equity shares to 67 anchor investors and raised Rs 644.64 crore ahead of the company’s proposed IPO at an upper price band of Rs 554 per equity shares. The anchor Read more…
Principal Asset Management has launched the Principal Large Cap Fund. The NFO is open for subscription from 28th September to 12th October. According to the SID, the fund will allocate 80-85% of its corpus to the top 100 Indian large cap stocks and actively invest up to 15% in US Read more…