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MUTUAL FUNDS NEWS
67% of equity MFs outperformed respective benchmarks in August 2024, PL Wealth study finds
Thu, Sep 19, 2024     Source : Mint
Prabhudas Lilladher's report reveals a 2.04% increase in equity mutual fund AUM, reaching ?25,64,069 crore in August 2024
MUTUAL FUNDS NEWS
MFs, insurers should support corporate lending growth: CS Setty
Thu, Sep 19, 2024     Source : Financial Express
Setty said low-cost current account savings account (CASA) of banks may fall further due to efficient cash management by the government.
MUTUAL FUNDS NEWS
Quantum Mutual Fund moves NCLAT against delisting of ICICI Securities
Thu, Sep 19, 2024     Source : Business Standard
ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold, as per the approved scheme
MUTUAL FUNDS NEWS
Quant Mutual Fund is hoarding every fifth rupee in its kitty, highest in industry
Thu, Sep 19, 2024     Source : Economic Times
Amid concerns over valuations in the ongoing bull market, Quant Mutual Fund has chosen to keep a cash allocation of 19% of its total assets under management (AUM) — the highest among all mutual fund houses...
MUTUAL FUNDS NEWS
Mutual funds were sitting on Rs 1.86 lakh crore cash pile in August
Wed, Sep 18, 2024     Source : Economic Times
Mutual funds were sitting with Rs 1.86 lakh crore cash pile in August which was 5.20% of the total AUM. The cash holding in July was Rs 1.71 lakh crore.
MUTUAL FUNDS NEWS
Robust equity inflows likely to keep earnings growth strong for AMCs
Tue, Sep 17, 2024     Source : Business Standard
Among listed AMCs, in Q1FY25, Nippon AMC recorded the highest growth of 54 per cent Y-o-Y while ABSL AMC saw least growth at 19 per cent
MUTUAL FUNDS NEWS
Bullish on 3 defensive sectors; going for non-bank financials: Nikhil Rungta, LIC MF
Tue, Sep 17, 2024     Source : Economic Times
Nikhil Rungta, Co-chief Investment Officer, LIC Mutual Fund, says from a medium to long-term perspective, without the financial sector, the index will not move much.
MUTUAL FUNDS NEWS
AMFI says 17 mutual fund distributors earn commissions above Sebi’s cap. But is the data accurate?
Tue, Sep 17, 2024     Source : Mint
Many distributors have disputed the data, claiming their earnings were within permissible limits.
MUTUAL FUNDS NEWS
Only three passive mutual fund NFOs to open for subscription this week
Tue, Sep 17, 2024     Source : Economic Times
Three passive mutual fund new fund offers or NFOs will open for subscription this week. Groww Nifty 1D Rate Liquid ETF and Motilal Oswal Nifty 500 Momentum 50 ETF are open for subscription.
MUTUAL FUNDS NEWS
A safer, diversified alternative to SME IPOs for retail investors
Mon, Sep 16, 2024     Source : Mint
Investors should evaluate SME IPOs and mutual funds based on risk and return. While SME IPOs can be appealing, mutual funds provide diversification and professional management, often leading to more stable...
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