Cafemutual is a meeting point for all mutual fund professionals. So whether you are a self-employed independent financial advisor (IFA) or a hot-shot private banker with a big bank or a CEO of an AMC or a back office girl, we have something for you. To ensure that you have a productive and enriching experience at our site, spend a few minutes on this guide.
The Cafemutual Charter
What can you expect to see here?
Stay ahead of all the developments taking place in the Indian mutual fund industry. What’s more, all news is presented so that you find it relevant and useful. So whether it is industry news or NFO news or AMC specific news or the latest rankings and awards, expect to see it all here.
Get clarity on the broader issues and trends affecting your business
Benefit from the experience of your fellow IFAs as they share their success stories and best practices
There is a wide range of powerful applications and tools to make you more productive. Upload client portfolios, organise your meetings, compare funds, select funds, research funds…
You will find all the market commentaries and fact sheets of all the fund houses in this section. You can access these reports of all asset classes of any frequency (daily, weekly, monthly) of your choice.
This is the section where we try to address the concerns and issues of our visitors. You could post a query, remove your doubts or just seek more information by writing to us.
You can download the application forms of any fund house here.
Look up these directories when you want to locate addresses and contact details of the offices/ branches of AMCs, R & Ts, trainers, custodians, AMFI and SEBI.
Want to see something that is not there now? Have a suggestion on a topic or a subject? Encountered a technical glitch? Speak up and share. Send us your suggestions and feedback to prem@cafemutual.com. We will be delighted to hear from you!
Close
Mumbai: Gold continues to attract investor attention. According AMFI data, gold ETFs have collected Rs 942 crore this quarter compared to Rs 105 crore in the previous quarter of the corresponding year. In the month of June, gold ETFs mopped up Rs 252 crore.
“There is a lot of interest in gold funds among investors. The industry saw a couple of new gold fund launches also,” says Sandesh Kirkire, CEO, Kotak Mutual Fund.
A number of AMCs have launched gold saving schemes which allow investors to start SIPs without possessing a demat account. This strategy could be a game changer for the ETF market which has not been able to attract huge inflows. Other roadblocks for ETFs are lack of broker interest, low commission and illiquidity.
Market linked ETFs on the other hand lost Rs 210 crore in June and the net outflow YTD (April-June 2011) stood at Rs 331 crore. BSE Sensex has slipped 3% from 19420 in April to 18846 as on 30 June 2011. Market jitters kept the inflows in equity funds low at Rs 20 crore in June. Equity funds saw net inflows of Rs 490 core in the current quarter compared to net outflows of Rs 1,323 crore last year. Equity mutual funds AUM spiked marginally by 1 % to Rs 1.68 lakh crore in June from Rs 1.67 lakh crore in May.
Equity linked saving schemes (ELSS) too recorded net outflows of Rs 80 crore in June taking the total outflow to Rs 437 crore this quarter. Similarly, gilt funds saw redemptions to the tune of Rs 88 crore in June, taking total outflows to Rs 279 crore (April-June 2011).
Union KBC Mutual Fund’s maiden fund Union KBC Equity Fund collected Rs 167 crore and Union KBC Liquid Fund collected Rs 1 crore. Religare Nifty ETF collected Rs 5 crore. Income schemes (both close ended and open ended) mopped up Rs 7,782 crore.
The total sales from 78 new scheme launches in June stood at Rs 7,955 crore. Of the 78 new launches, 75 were income funds and only 1 was an equity fund.