Last year, Sebi in its board meeting had allowed mutual funds to create segregated portfolios or ‘side-pocket’ facility based on credit events with respect to debt and money market instruments subject to various safeguard
Inflows into equity mutual funds in April stood at Rs 4,608.74 crore, the lowest in the last 31 months, shows data from Association of Mutual Funds in India (Amfi).
The losses would be even higher, if one were to exclude three big firms – Reliance Industries, Tata Consultancy Services and HDFC Bank – from the sample.
The biggest opportunity for a non-banking financial company (NBFC) currently is in the small and medium enterprise (SME) sector as the typical banking structure has always under served SMEs, says Ajay Srinivasan, CEO, Aditya
UTI Mutual Fund has investments of around Rs 1,540 crore in various group companies of DHFL across 36 debt schemes, while Reliance Mutual fund has an exposure of Rs 1,436 crore, data available till March 31, 2019, from Value
Industry players estimate that debt mutual funds have an exposure of Rs 6,000-7,000 crore to debt instruments of Essel Group companies. The debt papers of Essel Group are secured by shares of Zee Entertainment and Dish TV.
Investors in Kotak FMP Series 127, a fixed maturity plan (FMPs), which have invested in debt instruments of Essel Group companies, may not receive the full amount on maturity of the scheme.
Amidst much confusion about its price, Arvind Fashions Ltd (AFL), the demerged entity of textile major Arvind Ltd, on Friday listed on the stock exchanges at Rs 591.
Flows into debt funds were Rs 60,628 crore in January, compared with outflows to the tune of Rs 1.52 lakh crore in December, 2018 However, inflows in January were smaller than inflows Rs 1.29 lakh crore in November 2018.
Investors should continue to look at short-term income funds in the current scenario and expects 10-year yields hovering around 7.15 percent -7.20 percent in the next few months
Close to 65% of a total 380 mutual fund equity schemes have posted negative returns in the last one year. A number of the worst-performing funds are infra sector funds.
Sundaram Small Cap Fund, HSBC Small Cap Equity Fund and Aditya Birla Sun Life Small Cap Fund are among the worst-performing equity schemes over the past year, having lost anywhere between 21% and 24%.
