Global manufacturing and trade are experiencing a sharp slowdown. The risk being contemplated is whether this starts percolating into services.
HDFC Asset Management Company on Tuesday posted a 42 per cent rise in profit after tax (PAT) to Rs 291.7 crore for the quarter ended June 30. The fund house had earned a profit of Rs 205.26 crore in the June quarter of last year.
Here's the equity and debt market outlook for the month of July by IDFC Asset Management Company.
Investors pulled out Rs 1.60 lakh crore on a net basis from mutual fund schemes in June against a net investment of Rs 76,989 crore in May mainly due to persisting weak confidence in debt-oriented plans, industry data showed on Monday.
Asset managers on Thursday said Prime Minister Narendra Modi should focus on ways to boost investments and also the "soft" private consumption. The industry welcomed Modi's win for a second term, saying this will ensure policy certainty.
Reliance Capital (Rcap) Thursday said it will exit the mutual funds business by selling its stake in Reliance Nippon Life Asset Management Ltd (RNAM) to its joint venture partner Japan's Nippon Life Insurance.
Mutual funds can now invest in exchange traded commodity derivatives, except those on sensitive commodities, according to Sebi. To boost participation of mutual funds in the commodities market, the watchdog has allowed them to invest in Exchange Traded Commodity Derivatives with certain restrictions.
Leading stock exchange BSE on Wednesday said it has launched 'BSE StAR MF' app to enable more participation and help mutual fund distributors process transactions faster.
Systematic Investment Plans witnessed their April collections climb 2% to Rs. 8,238 cr, based on the data released by AMFI. The total number of SIP Folios added last month stood at 3.62 lakhs. This shows how the retail investors are maintaining faith in mutual fund investments.
Fund houses are required to furnish the details about AI and ML-based applications and systems in a prescribed format from the quarter ending June 2019, to the Association of Mutual Funds in India (AMFI). It has to be submitted within 15 days from end of a quarter to the association.
Kotak Mutual Fund on Friday said it was working with the promoters of Essel Group to ensure “optimal recovery” of dues owed by the conglomerate.
The net inflows in diversified equity funds staged a spectacular performance in March after the sluggish inflows were witnessed over the past four months. Equity funds reported net inflows worth Rs. 9,014 crore in March, compared to Rs. 3,948 crore in February.
Investors pumped in more than Rs 1.11 lakh crore in equity-oriented mutual fund (MF) schemes in 2018-19, a decline of 35 per cent compared to Rs 1.71 lakh crore inflows in 2017-18, according to the industry data.
Paytm Payments Bank is planning to launch risk-free insurance and mutual fund products by June this year, the company's MD and CEO Satish Kumar Gupta said on Wednesday.
The market has been witnessing uncertainty and volatility. Its effect could be seen in the February mutual funds data which hints that the industry is in a state of dilemma.