MF News

DTSM which are used to stamp the date and time of mutual fund applications was tampered to favour certain investors so that their units can be redeemed at a higher NAV, finds SEBI.

Many fund houses have reduced costs incurred on marketing and distribution of their schemes.

The total cash flow received till now has reached nearly Rs.5,000 crore. This is around 19% of the Rs. 26,000 crore that FT MF owes investors.

Over 13,000 distributors participated in ITI MF with Tattva Talks digital event on July 29. Read on to know 7 key takeaways from the session. 

CRISIL has shortlisted top performing funds in liquid, corporate bond and banking & PSU funds based on past performance, liquidity, mean return, volatility, asset quality and duration.

Despite lockdown and extreme market volatility, the mutual fund industry managed to add 3.43 lakh new investors in the last five months.

While prime residential properties prices went up marginally in Bengaluru and New Delhi, they declined in India’s commercial capital Mumbai.

In terms of AUM as a percentage of GDP, Maharashtra tops the list with 47.9%. New Delhi and Goa followed Maharashtra with 30.6% and 19.7%, respectively.

Read on to find out which stocks MFs sold to meet the redemption pressure in July.

CRISIL has taken into account past performance, mean return, volatility, quality of portfolio and liquidity as some of the parameters to come up with its mutual fund rankings for the quarter ended June.

AMFI data shows that the proportion of retail AUM that has stayed invested for over two years has improved in the last one quarter.

Over 5200 participants attended the event to listen to 8 investment experts.

Overall, 32 applicants have sought permission from the regulator to start their MF advisory business. Of this, 15 are individual RIAs while the rest 17 are institutional players.

The market regulator has allowed MF trustees to appoint a dedicated officer to help them in supervision of the activities of fund houses.