MF News
Dalal Street bulls continue to slip on global oil spill
A surge in US treasury yields overnight to a 16-year high also kept investors on the edge, with market participants weighing the impact of elevated interest rates on equity valuations. BSE's Sensex dropped 610.37 points, or 0.92%, to close at 65,508.32. NSE's Nifty fell 192.90 points, or 0.98%, to end at 19,523.55.
Govt bond yields log sharpest single-day surge for this year
Higher sovereign bond yields drive up overall borrowing costs in the economy as government securities are the benchmarks used by corporate entities to determine the pricing of their debt issuances.
Sebi extends deadline to add nominees in mutual funds
The Securities and Exchange Board of India (Sebi), in its circular on June 15, 2022, made it mandatory for mutual fund subscribers to submit the nomination details or declaration to opt out of the nomination on or after August 1, 2022.
You can now invest in mutual funds using Visa debit cards
This initiative is live with leading fund houses and distributors and investors can invest in lumpsum or start SIPs using their Visa debit cards.
Motilal Oswal Nifty 500 ETF NFO is open for subscription. Should you invest?
According to the scheme information document, the investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by the Nifty 500 Total Return Index, subject to tracking error.
India mid- and small-cap rally to persist, says DSP Mutual Fund's Parekh
DSP manages assets of over $16 billion. In 2018, DSP Group purchased BlackRock's 40% stake in DSP BlackRock Investment Managers and was renamed DSP Investment Managers.
Survey finds most mutual fund investors rely on past performance
“Oftentimes, mainly influenced by market noise, investors tend to redeem their investments even though they are aware of the importance of long-term investing and the power of compounding. According to data by AMFI, 22.2% equity investors stay invested for 12-24 months and in total 48.7% equity investors redeem their portfolio within two years or less,” said a survey conducted by Axis Mutual Fund.
SBI Focused Equity Fund completes 19 years
The scheme is optimally diversified across only 22 companies (domestic and foreign securities) with the top five sectors (Financial Services, FMCG, Telecommunications, IT and Healthcare) comprising 70.71% of the portfolio.
UTI Mutual Fund launches UTI Innovation Fund
Ankit Agarwal, Fund Manager, UTI AMC, said, “UTI Innovation Fund marks a significant step forward for investors in navigating the ever-growing landscape of investment opportunities. It is a unique portfolio that is true-to-label, investing predominantly in innovative businesses and disruptors. In an era of rapid technological advancements and evolving market dynamics, it's an opportunity to embrace innovation, adapt to market dynamics, and participate in potential wealth generators that could grow in a non-linear fashion.”
AMFI hails JP Morgan's decision to include Indian G-Sec in the benchmark emerging market index
The asset under management of gilt funds and gilt funds with 10-year constant duration is nearly Rs 27,500 crore as of August, according to AMFI data.
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Sebi empanels 34 entities for conducting forensic investigation of mutual funds, AMCs, trustees
The entities are required to undertake acquisition, extraction and analysis of digital evidence from mobile, computers, tablets, hard drives and USB drives. Also, they need to prepare and submit a report mentioning the findings and conclusions of the analysis.
Mirae Asset Mutual Fund launches Mirae Asset S&P BSE Sensex ETF. Should you invest?
The performance of the scheme will be benchmarked against S&P BSE Sensex TRI (Total Return Index). The scheme will be managed by Ekta Gala and Vishal Singh.
Fed keeps rates unchanged but signals likelihood of another hike this year
The move to leave its benchmark rate at about 5.4% suggests that the Fed thinks it has time to wait and see if the 11 rate hikes it unleashed starting in March 2022 will continue to cool rising prices.
Investors adopt cautious stance; debt mutual funds log Rs 25,872 crore outflow in August
"Given the current interest rate scenario and uncertainty over the direction of interest rates in the country, it appears that many investors continue to adopt a cautious stance and wait for further indication on interest rates to make investment decisions. Also, a rally in the equity markets could have also prompted investors to shift their focus from debt to equity," Melvyn Santarita, Analyst - Manager Research at Morningstar India, said.
Fed to hold rates steady, but signal policy path in meeting
In June the Fed paused, but the quarterly economic projections accompanying that decision showed 12 of 18 policymakers still anticipated two more quarter-point rate increases by the end of the year.
Motilal Oswal Mutual Fund launches Motilal Oswal Developed Market Ex US ETFs Fund of Funds. Should you invest?
The performance of the scheme will be benchmarked against S&P Developed Ex-U.S. BMI Total Return Index. The scheme will be managed by Ankush Sood (foreign investments), and Rakesh Shetty (debt investments).
