Mutual Fund News: Get Latest Mutual Fund News and Updates

Updated: 01-03-2024 12:16:41 PM

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.

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.

SEBI Cancels Licence of Karvy Stock Broking

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.

SEBI Introduces Covered Call Facility in Mutual Funds

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.

There is Usually a Nice Bounce Back After a Particularly Bad Year

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.

Equity fund inflows dry up in December

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.

ITI Mutual Fund Files seeks SEBI Approval for Maiden Schemes

03 January 2018, ITI Mutual Fund files offer documents with SEBI, seeking the regulatory body’s approval for its first two schemes – ITI Arbitrage Fund and ITI Long Term Equity Fund. The fund house, formerly known as Fortune Financial Services India Limited, had received a certificate of registration from SEBI in May 2018.

IDFC MF Files for IDFC Emerging Business Fund

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

DSP MF Files for first ever Quantamental Fund

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.

SBI MF files for SBI US Equity Feeder Fund with SEBI

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

ICICI Pru MF Files for one of India’s first private bank ETFs

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

Equity MF Net Inflows Fall 33.6 pct in Nov: AMFI data

07 December, Net inflows into equity schemes excluding arbitrage funds for November fell 33.6 percent to Rs. 7,579 crore, compared to net inflows last month, according to data published by AMFI

Indiabulls MF Files for Indiabulls Overnight Funds with SEBI

05 December, Indiabulls MF joins its peers in the latest trend of filing for overnight funds with SEBI, with its Indiabulls Overnight Fund. These kind of funds are least affected by interest rate changes, making them a relatively safer choice over liquid funds

Shriram MF launches Shriram Long Term Equity Fund

29 November, Shriram MF announces a new open-ended equity scheme, Shriram Long Term Equity Fund. This is the third scheme launched by the fund house and is a tax saving scheme with a lock-in period of three years

Sundaram MF Files for Sundaram Overnight Fund with SEBI

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.

Sundaram Mutual Fund announces merger of two schemes

29 November, Sundaram MF approves merger of Sundaram Multi Asset Fund with Sundaram Equity Hybrid Fund, w.e.f. Dec. 28, 2018, according to a notice published in the newspaper. Both schemes have been given a three-star rating by Value Research.

ICICI Pru MF Files for ICICI Prudential Commodities Fund

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

ICICI Pru MF Files for ICICI Prudential MNC Fund

28 November, ICICI Prudential MF files draft with SEBI for ICICI Prudential MNC Fund. Once the scheme gets SEBI’s approval, the new open-ended equity scheme will follow the theme of investing in multinational companies

IDFC MF Files for IDFC Floating Rate Fund

27 November, IDFC MF files draft documents with SEBI for IDFC Floating Rate Fund, an open-ended debt fund that invests predominantly in floating rate instruments. This type of fund is less sensitive to interest rate changes as compared to a fixed-rate debt fund, because interest on their paper adjusts to changing market rates

ICICI Pru MF Files for Bharat Consumption Fund with SEBI

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.

DSP MF Files for DSP Overnight Fund

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.

Kotak MF Files for Kotak Overnight Fund

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

22 November, Axis Mutual Fund announced the replacement of Shreyash Devalkar as one of the fund managers for Axis Equity Hybrid Fund. The fund currently has three fund manager and this change reduces their number to two.

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.

IDFC MF Files for IDFC Overnight Fund

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

Reliance MF announces third issue of CPSE ETF, retail investors to get 4.5% discount

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.

Reliance MF Files for Reliance Overnight Fund

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

Canara Robeco MF files for Canara Robeco Capital Protection Oriented Fund – Series 10

19 November, Canara Robeco has filed draft documents with SEBI for Canara Robeco Capital Protection Oriented Fund – Series 10.

SEBI Filing of Motilal Oswal Liquid Fund Completed

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.

Tata MF Files for Tata Ultra Short Term Fund

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.

UTI Mastershare declares dividend of 27%

12 November, India’s oldest mutual fund scheme, UTI Mastershare Unit Scheme has announced a dividend (gross distributable amount) of 27% under its dividend option-regular plan and dividend option-direct plan

FinMin adds four state-owned cos to CPSE ETF

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.

Tata MF changes fund manager for top performing Tata Digital India Fund

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.

Equity MF Net Inflows Rise to Rs. 11.4 thousand crore in October

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.

Tata MF Changes Exit Load of Six Schemes

06 November, Tata Mutual Fund has announced changes in the exit load structure of six of its schemes.

YES Mutual Fund Completes Ultra Short Term Fund Filing

06 November, Yes Mutual Fund has filed for this new scheme after receiving SEBI assent to launch its mutual fund business.

ICICI Prudential MF Appoints New Fund Managers for Two Schemes

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).

Reliance MF Appoints New Fund Managers for 16 Schemes

06 November, Reliance Mutual Fund has issued a notice appointing new fund managers for 16 of its schemes.

Yes Mutual Fund Files for Liquid Scheme

06 November, Yes Bank has made its first filing with this liquid fund.

Motilal Oswal MF Announces Change in Exit Load Rules of Select 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.

Aditya Birla Sun Life MF Announces Deep TER Cuts of Multiple Direct 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.

DSP Mutual Fund Increases TER of Multiple Schemes

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.

Shriram Long Term Equity Fund Draft Papers filed with SEBI

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.

Tata Money Market Fund NAV Tanks 6% Overnight

30 October, This unprecedented drop in the scheme’s NAV may be directly linked to the ongoing IL&FS debt crisis.

PPFAS Mutual Fund Decreases Scheme TER after SEBI Circular

26 October, PPFAS MF has decreased the TER of its scheme in response to SEBI’s circular released on 22nd October 2018.

Post SEBI circular, Edelweiss MF increases TER in some schemes, decreases it in others

26 October, Edelweiss MF introduces increased and decreased fund TERs after SEBI circular.

Mirae Mutual Fund announces sharp cuts in the TER of its schemes, post 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.

Reliance Mutual Fund Files with SEBI for CPSE ETF (3rd Tranche)

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.

Essel MF Files Draft Papers for Balanced Advantage Fund

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.

Manappuram Finance Introduces NCDs with Yield of up to 9.70%

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.

SEBI Issues New TER and Performance Disclosure Regulations for MF

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.

We have an exposure of less than 4% on fixed income side to DHFL group companies

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.

ICICI Pru MF Files for Overnight Fund

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.

Draft Papers Filed for DSP Nifty Next 50 Index Fund

15 October, The Nifty Next 50 Index has grown in popularity recently with many fund houses using this as a benchmark for new schemes

DSP Mutual Fund Files Papers with SEBI for Nifty 50 Index Fund

15 October, This new DSP MF scheme will be passively managed and attempt to replicate the performance of the bellwether Nifty 50 Multicap Index.

Reliance Mutual Fund files for Reliance Capital Protection Oriented Fund

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.

Overall Mutual Fund Inflows Decline by Rs. 2.30 lakh Crores in September 2018

09 October, Liquid Fund inflows decrease dramatically while Equity mutual fund inflows increase in September.

We will participate in themes that are not available in India’s domestic markets

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.

Invest in manufacturing rather than services: Anish Tawakley of ICICI Pru AMC

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.

Indiabulls MF Seeks SEBI nod for Nifty 50 ETF

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.

Invesco MF Completes SEBI Filing for Equity Savings Fund

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.

ICICI Pru MF Files with SEBI for Retirement Fund

26 September, This retirement solution from ICICI Prudential features four different plans that can suit the investment requirements of investors with varied risk profiles.

Draft Papers Filed for UTI S&P BSE Sensex Next 50 ETF

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.

Essel MF Seeks SEBI Nod for Focused Equity Fund

21 September, This multicap scheme will limit its equity portfolio to 30 companies spread across various market capitalisations.

Aditya Birla Sun Life MF Files for Bal Bhavishya Yojana

21 September, The new child scheme from the AMC will feature two variants – an equity oriented wealth plan and a debt oriented savings plan.

SEBI makes drastic cuts to MF costs

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

IL&FS debt downgraded, multiple debt funds halt inflows

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.

All about Non Convertible Debentures (NCDs)

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

IDBI MF Files for Dividend Yield Fund

14 September, This new equity scheme will primarily invest in stocks/stock-derivatives of companies that focus on dividend distribution.

IDBI MF joins the Pharma party, seeks SEBI nod for Healthcare Fund

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.

Tata Capital Introduces NCDs with up to 9.1% Coupon Rate

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

Indiabulls Issues NCDs at up to 9.2% interest

13 September, The new tranche of Indiabulls NCDs features high ratings of CRISIL AAA/Stable and Care AAA/Stable

Aadhar Housing Finance Announces NCD Issue at 9.6% yield

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.

UTI MF Files for Global Focused Growth Equity Fund

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.

BOI AXA Mutual Fund Seeks SEBI Assent for Small Cap Scheme

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.

Motilal Oswal MF Files Papers with SEBI for Nasdaq 100 FoF

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.

Interview with Kartik Soral, Senior Fund Manager, Shriram Mutual Fund

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.

Equity Mutual Fund inflows drop for third month running

07 September, Inflows have fallen to Rs 7,734 crore, a steep drop from the Rs 10,444 crore recorded in May 2018.

Interview with World Gold Council India MD Somasundaram PR

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.

Aswani Bhatia Appointed New CEO of SBI Mutual Funds

05 September, Aswani Bhatia has replaced Anuradha Rao as CEO of SBI Mutual Fund. Ms Rao had been at the helm since 2016.

BNP Paribas MF Seeks SEBI nod for Small Cap Fund

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.

We Expect RBI to Hike Rates Further Contingent on the Inflation Outlook

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.

DSP MF’s Kalpen Parekh on small cap valuations, interest rates and the journey post Blackrock

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.

Mirae Asset AMC Seeks SEBI nod for NIFTY 50 ETF

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.

Tata Mutual Fund Files Papers with SEBI for Nifty ETF

23 August, This new Tata ETF will feature a diversified portfolio comprising mainly large cap equity investments as it tracks the Nifty 50 ETF.

96% of non-mutual fund customers unaware of MF direct plans: Paisabazaar

22 August, Paisabazaar Survey conducted over 25,000 respondents of non-mutual fund businesses reveals lack of direct plans knowledge among Indian investors.

Interview with Aashish Somaiyya, CEO of Motilal Oswal Mutual Fund

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.

BNP Paribas India Consumption Fund Interview

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.

SBI MF Seeks SEBI Approval for SBI ‘Quality’ ETF

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.

SBI MF Revises Minimum SIP/STP Installments Number for Taxgain Scheme

16 August, SBI MF Revises Minimum Number of installments for SIP/STP in Taxgain scheme. Also announces change in equity savings scheme benchmark.

UTI Mutual Fund Files for 10 Year Constant Maturity Gilt Fund

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.

Indiabulls Mutual Fund Files for Money Market Fund

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.

IIFL Mutual Fund Files for International Tech Fund

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.

Mutual Fund Industry Enjoys a Stellar FY 18

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.

Inflows in Equity Schemes Decline Marginally in July

9 August, Equity Scheme inflows declined marginally in July 2018 to Rs. 8794 crore. ELSS inflows increase to Rs. 940 crore.