BSE StAR MF logs net equity inflow of Rs 1,488 cr in Sept

Mutual funds distributor platform BSE StAR MF registered a net inflow of Rs 1,488 crore in equity schemes in September amid market volatility, BSE said on Thursday. In contrast, the mutual fund (MF) industry witnessed a net withdrawal of Rs 734 crore from equity-oriented schemes during the same month, the …

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mutual fund schemes: Sebi tightens rules on inter-scheme transfers in mutual fund schemes

The Securities and Exchange Board of India (Sebi) has tightened rules on inter-scheme transfers (ISTs) in mutual fund schemes. The regulator said inter-scheme transfers for managing liquidity should only be taken after all other avenues including using cash, market borrowing and selling securities in the market, for raising liquidity have …

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Sebi tightens inter-scheme transfer norms for mutual funds

MUMBAI: The Securities and Exchange Board of India (Sebi) on Thursday tightened inter-scheme transfer (IST) norms for mutual funds to further safeguard investors’ interest, and said such rules will be applicable from January 1. As per the current norms, transfers of securities from one scheme to another scheme in the …

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Equity mutual fund category witness net outflows in September

Multi cap schemes were the biggest losers among equity mutual funds in September. The category witnessed a net outflow of Rs 1,143.86 crore, shows Amfi monthly data. Other categories that saw net outflows this month were large cap, mid cap, focussed funds and ELSSs. This is for the first time …

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Franklin Templeton: Franklin defends investment decisions, says employees still hold investments in shut schemes

In a latest update to investors in six shuttered debt mutual fund schemes, Sanjay Sapre, President, Franklin Templeton Asset Management (India), defended the fund house’s decision to not exercise “put” option in papers. He also reiterated that employees who made investments in the six shut schemes continue to hold substantial …

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Nilesh Shah re-elected as chairman of Association of Mutual Funds in India

Nilesh Shah has been re-elected as the Chairman of Association of Mutual Funds in India (AMFI), at the recently concluded Board Meeting of AMFI. He was the AMFI chairman in 2019 – 2020 and now would continue to hold the office till the conclusion of the next AGM, a press …

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Sebi serves fresh show cause notice to Kotak Mutual Fund

The Securities and Exchange Board of India (Sebi) has served a fresh show cause notice to Kotak Mahindra Asset Management for delay in repayment of money to unitholders of four close-ended debt schemes that held securities of Essel Group on their maturity, said three people with direct knowledge of the …

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Mutual funds asset base rises 12% to Rs 27.6 lakh cr in Sep quarter

Mutual funds’ asset base rose by 12 per cent to Rs 27.6 lakh crore in the quarter ended September 30 mainly due to appreciation in the value of their existing holding in equity-oriented funds. The average asset under management (AAUM) of the industry, comprising 45 players, was at Rs 24.63 …

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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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