“On the debt side, there are two points to note. There are negative flows in overnight and liquid funds, but large positive flows in categories like money market indicate that people are moving into slightly longer duration categories to capture higher yields,” said Kaustubh Belapurkar, director, fund research at Morningstar Advisor India. … [Read more...] about Equity MF outflow soars to 10-year high
On Friday, Sebi directed multi-cap funds, whose portfolios are dominated by large-cap stocks, to keep at least 25% of their assets each in large-, mid- and small-caps by January 31. Managers said a strict reassignment of assets could trigger massive inflows into mid- and small-cap stocks, reducing the market skew towards large-cap stocks. “Sebi is conscious of market stability and, therefore, has given time to the mutual funds till January 31 to achieve compliance with the circular, through its preferred route of which rebalancing of the portfolio is only one such route,” the regulator added. Amfi welcomed Sebi’s clarification on asset allocation to multi-cap schemes on Sunday and said the industry is committed to following regulations in letter as well as spirit. Amfi will gather feedback from members and revert for non-disruptive execution of multi cap funds portfolio balancing. … [Read more...] about Sebi outlines options for MFs on new rules
“The Association of Mutual Funds in India will be making a representation to Sebi about the execution challenge of the multi-cap circular. We are in discussions with members to formulate representation,” an Amfi member said. Fund managers will not buy small- and mid-cap stocks just because there is a circular, this person added on condition of anonymity. … [Read more...] about Sebi outlines options for MFs on new rules
अपने निवेश पर निश्चित रिटर्न चाहने वाले लोगों के लिए नया वित्त वर्ष खुशियां लेकर आया है. बैंकों की फिक्स्ड डिपॉजिट स्कीम की ब्याज दरें बढ़ रही हैं. हाल ही में देश के सबसे बड़े … [Read more...] about बैंक एफडी या कंपनी डिपॉजिट, किस में मिलेगा ज्यादा रिटर्न?
Jimeet Modi, founder and CEO, Samco Group said the new provision will lead to increased buying of up to Rs 30,000 crore in mid and smallcap stocks by multicap MFs. This will be a disruption opposite to the one we saw in October 2018, when SEBI first introduced scheme categorisation. That had led to outflows from small and midcaps. The inverse will happen this time, he added. … [Read more...] about SEBI tweaks multicap funds structure; experts say move to put buying pressure on smallcap counters