MF News

A report by Motilal Oswal Private Wealth recommends a staggered investment strategy across market caps for the next 6-12 months.

Sanjay Bembalkar, Co-Head, Equities, Union MF believes that scarcity assets derive their value from scarcity like bullion, gold, silver, vintage cars and stamps whereas efficiency assets derive value from cash flows like equity and debt. He also talks about Union Multi Asset Fund, which is currently open for subscription and closes on September 3.

The two-year postgraduate program in financial planning will commence later this year.

Overall, they manage Rs. 3.52 lakh crore, which is 14% of the total direct assets of the MF industry.

Such a count was 2.43 lakh in July 2023.

Amarjeet Singh, Whole Time Member, SEBI asked fund houses to segregate their other business activities like PMS and advisory from mutual funds.

Old venture capital funds can migrate to the existing AIF regulations by July 19, 2025.

SEBI releases Cyber Security and Cyber Resilience framework for all SEBI regulated entities which includes mutual funds.

Sushant Bhansali, CEO, Ambit Asset Management believes that asset allocation plays a key role in wealth management. Bhansali also shared his views on equity markets, opportunities in AIFs and PMS and more.

Rohan Korde, Fund Manager – Equity, ITI Mutual Fund feels that bottom up stock picking can yield better results even during the phases of high valuations and earnings growth. He also shares with us his views on large and mid cap space, ITI Mutual Fund’s new offering and more.

Hinduja Group’s IndusInd bank has acquired 60% stake in Invesco MF.

These three fund houses together added a total of 1.85 crore folios in the last one year.

SEBI data shows that the MF industry has the highest exposure to two sectors - others (infrastructure, defense, aviation and so on) and banking.

Maharashtra, Gujarat and Karnataka are the top three states in terms of equity assets as on June 2024.

Maharashtra alone contributes 19 cities to the list of the top 110 cities. Gujarat and UP occupy the next two spots with 16 and 12 cities making it to the list, respectively.