Equity MF continues to see outflow; investors withdraw Rs 734 cr in Sep

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 …

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ABSL mutual funds: Aditya Birla Sun Life Mutual Fund launches Special Opportunities Fund

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 …

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Franklin Templeton MF’s six shut schemes generate Rs 8,262 cr since closure

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 …

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Invesco India Focused 20 Equity Fund NFO collects over Rs 602 crore

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. …

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Sebi takes steps to increase MF managers’ accountability; tightens disclosure norms

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 …

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debt mutual funds: Mutual funds add 4.5 lakh folios in August; debt schemes gain traction

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 …

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UTI AMC IPO: UTI AMC raises Rs 644.64 cr from 67 anchor investors ahead of the IPO

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 …

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large cap funds: Principal Asset Management launches large cap fund

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 …

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