Mutual funds increase weightage in technology, metals, consumer durables sectors
In August, mutual funds showed an interest in technology, metals, consumer durables, and chemicals leading to a month on month…
In August, mutual funds showed an interest in technology, metals, consumer durables, and chemicals leading to a month on month…
Equity mutual funds saw net inflows dip sequentially in July on the back of outflows from large-cap funds, but flows remained positive for the 29th consecutive month, says Deepak Jasani, Head of Retail Research, HDFC Securities.
Historical data suggests that the Systematic Investment Plan (SIP) which has delivered comparatively lower returns in the initial 5 years, has delivered a better return on 10 years basis on an average, as per a study, conducted by WhiteOak Capital Mutual Fund.
The six schemes together had an estimated Rs 25,000 crore as AUM.
The company had shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
Debt schemes folios count went up by 2.23 lakh to 75.25 lakh. Barring, long duration, credit risk, all categories in debt funds witnessed growth in folios.
On April 23, Franklin Templeton shook the investors by closing its six debt mutual fund schemes, citing redemption pressure and lack of liquidity in the bond market.
The regulator observed that the SBI had, in June 2018, intimated the SEBI that it holds 18.24 per cent of equity shares of UTI Asset Management Company and sought time of more than three years for exiting the investment.
Franklin India Low Duration Fund and Franklin India Credit Risk Fund now have an outstanding borrowing of only 1 per cent and 4 per cent of their AUM respectively.
The amount will soon be distributed among the unit-holders of the concerned segregated portfolio.