Franklin Templeton Collapses Six Funds: A Blow to Debt Investors
24 April, 2020 – Franklin Templeton, one among the top 10 AMCs in India shuts down 6 Credit Funds over low liquidity and high redemption amidst the Corona Virus Crisis with effect from April 23, 2020 giving a wave of shock among the debt investors. Read More
How the Recent RBI Mandate Will Magnify Debt Funds’ Returns
31 March 2020, Understand how the recent monetary policy action by the RBI will affect returns from short to medium duration debt funds. Read More
3 December 2019, SEBI has suspended licence of Karvy with immediate effect and banned Karvy from making new clients and operating accounts of existing customers after it was found that it allegedly misused clients’ securities to pledge, raise loans and divert funds to its real estate business.
17 January 2019, This facility will help funds earn some extra income by selling call options with a value up to 15% of the scheme’s equity shares.
16 January 2019, There is usually a nice bounce back after a particularly bad year,” says Harshad Patwardhan, Fund Manager of the newly launched Edelweiss Small Cap Fund, in an exclusive interview with Paisabazaar.
08 January 2019, Equity Mutual Fund Net Inflows have collapsed from 7579 to 5,765 crore in December 2018. Balanced funds have been hit hardest.
03 January 2018, DSP Mutual Fund files draft offer documents with SEBI for DSP Quantamental Fund. The new scheme is the first of its kind in India that will focus on ‘quantamental’ investing
27 December, DSP Mutual Fund files draft offer documents with SEBI for DSP Quantamental Fund. The new scheme is the first of its kind in India that will focus on ‘quantamental’ investing.
14 December, SBI MF files offer documents with SEBI for SBI US Equity Feeder Fund, an open-ended fund-of-fund (FoF) scheme that will invest in an overseas equity fund focusing on the US market
13 December, ICICI Pru MF files draft documents with SEBI for one of India’s first ETFs to invest exclusively in private banks. The new scheme is called ICICI Prudential Private Banks ETF, which will be an open-ended ETF that will track the performance of S&P BSE Private Banks Index
Shriram MF launches Shriram Long Term Equity Fund
29 November, Sundaram MF is the latest fund house to file draft documents with SEBI for an overnight fund: Sundaram Overnight Fund. The overnight funds space has recently seen a lot of activity with draft filings by fund houses like Kotak, DSP, IDFC and Reliance in the last week.
28 November, ICICI Prudential MF files draft documents with SEBI for ICICI Prudential Commodities Fund. This new open-ended equity scheme, once approved, will invest mainly in companies related to the commodities sector
27 November, ICICI Pru MF filed draft documents with SEBI for ICICI Prudential Bharat Consumption Fund, an open-ended equity scheme with a consumption theme. This new open-ended scheme, once approved, will be similar to the already existing close-ended funds by ICICI Pru – Bharat Consumption Fund Series 1-5.
22 November, DSP MF files draft documents with SEBI for DSP Overnight Fund. This is the fourth overnight fund to be drafted with SEBI in this week alone.
22 November, Kotak MF files draft with SEBI for Kotak Overnight Fund. Once it gets SEBI’s approval, this new open-ended scheme will invest in overnight securities
Shreyash Devalkar to no longer be fund manager of Axis Equity Hybrid Fund
DHFL Pramerica MF launches DHFL Pramerica Global Equity Opportunities Fund
21 November, DHFL Pramerica MF launches DHFL Pramerica Global Equity Opportunities Fund, an international fund-of-fund that will invest in PGIM Jennison Global Equity Opportunities Fund. The underlying fund invests in large-cap companies across global markets, including holdings in Amazon, Netflix, Tencent Holdings, Louis Vuitton, Nike and Boeing.
20 November, IDFC Mutual Fund has filed draft documents with SEBI for IDFC Overnight Fund, an open-ended debt scheme investing in securities maturing in one day
20 November, Reliance MF announces third FFO for its CPSE ETF. The fund house proposes to raise up to Rs. 14,000 crore, which includes a base amount of Rs. 8,000 and between Rs. 4,000 to Rs. 6,000 crore as an additional green shoe option.
20 November, Reliance MF has filed draft offer documents with SEBI for Reliance Overnight Fund, an open-ended debt scheme which will invest in overnight securities
19 November, Canara Robeco has filed draft documents with SEBI for Canara Robeco Capital Protection Oriented Fund – Series 10.
15 November, This new SEBI filing from Motilal Oswal Mutual Fund if approved by SEBI would be only the second debt scheme from the fund house.
13 November, Tata Mutual Fund has filed draft documents with SEBI for Tata Ultra Short Term Fund. Once the scheme gets SEBI’s approval, it will operate as open-ended ultra short term debt scheme, without any exit load.
12 November, The finance ministry has rearranged the CPSE ETF to now include four state-owned companies, namely, NBCC, NLC India NTPC and SJVN, according to several news reports.
12 November, Tata Mutual Fund has changed the fund manager for its top performing scheme, Tata Digital India Fund, to Sailesh Jain from Danesh Mistry.
12 November, Net inflows into equity schemes excluding arbitrage funds for October were Rs. 11,422 crore, an 11.6% increase, versus net inflows in September 2018, according to data published by the AMFI.
06 November, Tata Mutual Fund has announced changes in the exit load structure of six of its schemes.
06 November, Yes Mutual Fund has filed for this new scheme after receiving SEBI assent to launch its mutual fund business.
06 November, ICICI Prudential MF has changed fund managers for two of its schemes: ICICI Prudential Small Cap Fund and ICICI Prudential Long Term Equity Fund (Tax Saving).
06 November, Reliance Mutual Fund has issued a notice appointing new fund managers for 16 of its schemes.
05 November, Motilal Oswal MF has announced revision of exit load criteria for its schemes and also removed a 12% limit on redemptions that was applicable to some of its top schemes.
05 November, The decision of Aditya Birla Sun Life AMC to decrease its TER downwards is in line with similar decisions taken by other fund houses to revise their expense ratios downwards.
Axis Small Cap Fund to become Open-Ended Scheme
02 November, The Axis Small Cap Fund is currently a close-ended small cap fund that will now operate as an open-ended small cap scheme as per updated SEBI guidelines.
02 November, DSP MF’s announcement to increase TER of almost all its schemes comes as a surprise when many other mutual funds have chosen to decrease their TER.
31 October, Shriram Mutual Fund has only two other operational schemes till date and on launch this will the third from this relatively lesser known AMC.
30 October, This unprecedented drop in the scheme’s NAV may be directly linked to the ongoing IL&FS debt crisis.
26 October, PPFAS MF has decreased the TER of its scheme in response to SEBI’s circular released on 22nd October 2018.
26 October, Edelweiss MF introduces increased and decreased fund TERs after SEBI circular.
26 October, The TER of Mirae Mutual Fund schemes has uniformly decreased across all the funds operated by the AMC. The sharpest cut by far has been observed in case of the Mirae Asset Tax Saver Fund.
25 October, The Reliance MF managed CPSE ETF is part of the government’s continued efforts to divest stake in some of India’s top-rated central government and PSU enterprises.
25 October, This new open-ended hybrid scheme from Essel MF will be able to flexibly alter its equity and debt allocations in order to maximise the benefit of investors across various market conditions.
25 October, The tranche I of NCDs from Manappuram Finance Ltd. will provide investors with yield of up to 9.70% for a maturity period of 400 days.
23 October, These new regulations are being brought into effect by SEBI to further rationalise the workings of the mutual fund industry and increase overall transparency for the benefit of investors.
23 October, “We have an exposure of less than 4% on fixed income side to DHFL group companies,” says Ajit Menon, CEO DHFL Pramerica Mutual Fund, in an exclusive interview with Paisabazaar.
16 October, Overnight funds such as this new one by ICICI Prudential represent potentially low risk and high liquidity investments preferred by corporates and high networth individuals (HNIs) seeking a short term investment solution.
15 October, The Nifty Next 50 Index has grown in popularity recently with many fund houses using this as a benchmark for new schemes
15 October, This new DSP MF scheme will be passively managed and attempt to replicate the performance of the bellwether Nifty 50 Multicap Index.
11 October, Reliance Mutual Fund has filed draft papers with market regulator SEBI for the Reliance Capital Protection Oriented Fund I (Plan A – Plan B). The proposed debt fund will be jointly managed by Mr. Sanjay H. Parekh and Ms. Anju Chhajer.
09 October, Liquid Fund inflows decrease dramatically while Equity mutual fund inflows increase in September.
05 October, “We will participate in themes that are not available in India’s domestic markets.” says Jinesh Gopani, Head (Equities) at Axis Mutual Fund in an exclusive Interview with Paisabazaar.com
Aditya Birla Sun Life MF Files for Overnight Fund
04 October, Aditya Birla Sun Life AMC’s overnight fund is designed to provide high liquidity and reasonable returns while ensuring potentially low levels of risk.
04 October, ICICI Prudential Mutual Fund’s Fund Manager & Head of Research Anish Tawakley speaks to Paisabazaar on why investors should focus on manufacturing and export-oriented companies as a theme.
04 October, The new Indiabulls ETF will be a passively managed scheme that attempts to replicate the past success of other Nifty 50 ETFs launched by larger fund houses.
01 October, This new equity savings scheme filing by Invesco in in line with the trend of similar schemes launched by leading fund houses such as Franklin Templeton MF and UTI MF.
26 September, This retirement solution from ICICI Prudential features four different plans that can suit the investment requirements of investors with varied risk profiles.
24 September, This new UTI index fund will track the Sensex Next 50 Index and is part of a growing trend of mutual funds using large cap indices other than the BSE Sensex.
21 September, This multicap scheme will limit its equity portfolio to 30 companies spread across various market capitalisations.
21 September, The new child scheme from the AMC will feature two variants – an equity oriented wealth plan and a debt oriented savings plan.
19 September, SEBI has reduced the maximum total expense ratio in mutual funds to 2.25%. Cuts have been made for all MF sizes and categories
17 September, Principal Mutual Fund and Motilal Oswal Mutual Fund have suspended inflow in key debt schemes after IL&FS default. Other MFs have also been hit.
15 September, As rates rise and attractive NCDs enter the market, we give you a primer of what an NCD is and how it works
14 September, This new equity scheme will primarily invest in stocks/stock-derivatives of companies that focus on dividend distribution.
14 September, The new thematic scheme from IDBI MF will use the S&P BSE Healthcare Index as benchmark and focus on making investments in healthcare and allied sectors.
14 September, Tata Capital Financial Services, a Tata group company will open its NCDs for subscription from the 10 to the 21st of September, 2018
13 September, The new tranche of Indiabulls NCDs features high ratings of CRISIL AAA/Stable and Care AAA/Stable
13 September, Aadhar Housing Finance NCD Issue to open tomorrow at an interest rate of 9.6%. Aadhar Housing Finance is part of the DHFL group.
13 September, This FoF will primarily invest in units of an international equity mutual fund. This provides investors with the dual benefit of capital appreciation through international investments and applicability of domestic debt fund taxation rules.
13 September, This new small cap scheme from BOI AXA Mutual Fund will use the Nifty 100 Small Cap Index as its benchmark. This index has corrected significantly in the past year.
12 September, This fund of fund scheme will allow Indian investors to make international equity investments without having to make direct investments in international equity markets.
12 September, Kartik Soral, Senior Fund Manager at Shriram Mutual Fund, speaks to Paisabazaar.com in an exclusive interview about the new Shriram Multicap Fund, currently in NFO stage along with the AMC’s future plans.
07 September, Inflows have fallen to Rs 7,734 crore, a steep drop from the Rs 10,444 crore recorded in May 2018.
06 September, Somasundaram PR, Managing Director of the World Gold Council gives us his views on gold returns, rupee depreciation and the recent purchase of gold by the RBI for the first time in 9 years.
05 September, Aswani Bhatia has replaced Anuradha Rao as CEO of SBI Mutual Fund. Ms Rao had been at the helm since 2016.
04 September, The new small cap scheme will be benchmarked against the Nifty Smallcap 100 Index which has undergone significant correction in the past year.
Motilal Oswal AMC Files for Index Fund
04 September, This new passively managed index fund will track the performance of the Nifty 250 LargeMidcap Index.
30 August, Devang Shah, Deputy Head, Fixed Income at Axis Mutual Fund speaks to Paisabazaar about Axis Ultra Short Term Fund, currently in NFO stage.
29 August, DSP MF’s Kalpen Parekh in an exclusive interview with Paisabazaar about investing in small caps, the split with Blackrock and the newly launched DSP Corporate Bond Fund.
28 August, This new ETF will feature a large cap oriented equity portfolio comprising constituents of the Nifty 50 Index.
DSP MF May Allow Fresh Investments in DSP Small Cap Fund in September
24 August, This popular small cap scheme had stopped accepting fresh funds last year and is one of the largest funds in its category on the basis of AUM.
23 August, This new Tata ETF will feature a diversified portfolio comprising mainly large cap equity investments as it tracks the Nifty 50 ETF.
22 August, Paisabazaar Survey conducted over 25,000 respondents of non-mutual fund businesses reveals lack of direct plans knowledge among Indian investors.
22 August, Aashish Somaiyya, CEO of Motilal Oswal Mutual Fund talks to Paisabazaar about the Motilal Oswal Equity Hybrid Fund and why the dividend option has been removed from the fund.
21 August, Kartikraj Lakshmanan, Senior Fund Manager at BNP Paribas Mutual Fund speaks to Paisabazaar about why investors should buy into the BNP Paribas India Consumption Fund NFO.
20 August, The new ETF will track the performance of the NIFTY 200 Quality 30 Index, which features top companies based on their quality scores.
16 August, SBI MF Revises Minimum Number of installments for SIP/STP in Taxgain scheme. Also announces change in equity savings scheme benchmark.
10 August, UTI Mutual Fund has filed with SEBI for a new gilt fund. The scheme will invest up to 100% of total assets in government securities with constant maturity of 10 years.
10 August, Indiabulls Mutual Fund has filed papers with SEBI for a new Money Market fund. The scheme will invest up to 100% of total assets in a mix of money market instruments.
10 August, IIFL Mutual Fund has filed with SEBI for a new international technology fund. The scheme will invest up to 95% of total assets in US-based companies.
9 August, The Mutual Fund industry has recorded 21.7% AUM growth in FY 18. The largest gains were in the balanced fund category where AUM doubled.
Tata Mutual Fund Files for Small Cap Fund
9 August, Tata AMC has filed papers with SEBI for a small cap fund. The fund will invest 65% of its assets in small cap companies.
9 August, Equity Scheme inflows declined marginally in July 2018 to Rs. 8794 crore. ELSS inflows increase to Rs. 940 crore.