Nippon India Mutual Fund (NIMF) has launched a new open-ended equity scheme that will invest flexibly across market-capitalisation (m-cap) and sectors.    The Nippon India Flexi Cap scheme plans to consider large-cap stocks for stability and mid- and small-cap stocks for growth...

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Market regulator Securities and Exchange Board of India (SEBI) has proposed a swing-pricing mechanism to protect mutual fund (MF) investors in the  event market dislocation. Swing pricing mechanism shall be initially mandated only for all open-ended debt schemes that have high or very high...

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In June 2021, TVS Motor Company and Sbi Cards & Payment Services were the most preferred stocks of Indian mutual funds. The net purchases of TVS Motor Companywere Rs1,059 crore. Infosys and Kotak Mahindra Bank were the most sold stocks. The net sales of Infosys were Rs1,842 crore and net...

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Market regulator Securities and Exchange Board of India (SEBI) has moved the Supreme Court (SC) against the 28th June order passed by Securities Appellate Tribunal (SAT) which stayed its decision to bar Franklin Templeton Asset Management (India) from launching new debt schemes for two years...

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The Supreme Court on Wednesday said consent of majority shareholders is required when trustees seek winding up of the debt mutual fund (MF) schemes. However, the top court emphasised that the consent would be obtained post publication of notices.   The top court's judgement came on a...

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Tata Mutual Fund has launched an open-ended equity-oriented mutual fund (MF) scheme that will follow the business cycle theme. A business cycle equity scheme invests in stocks from various sectors and sizes based on their stage in the business cycle.   This will be the third business...

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The Securities Appellate Tribunal (SAT) stayed an order issued by the Securities and Exchange Board of India (SEBI) to ban Vivek Kudva, head of Asia Pacific distribution, Franklin Templeton and his wife Roopa Kudva (managing director, Omidyar Network Ltd) from accessing the capital market for...

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Investments in actively-managed mutual fund (MF) schemes have not paid off for most long-term investors. Past returns data have shown that the majority of equity schemes have underperformed their benchmark index in the past one, three and five-year returns.   Actively-managed MF...

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The best three and the worst three mutual fund (MF) schemes over the past three years ranked by their quarterly rolling returns. Premium members get access to a more refined list of top schemes by logging into Moneylife Advisory  

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The Securities Appellate Tribunal (SAT) has granted interim relief to Franklin Templeton (FT) with respect to the orders passed by market regulator Securities and Exchange Board of India (SEBI) earlier this month. In a major breather for FT, the Tribunal has stayed the SEBI order restraining...

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HDFC Mutual Fund has launched a new open-ended equity scheme that will invest in the banking and financial services (B&FS) sector.    B&FS schemes invest in stocks of banks, non-banking finance companies, housing finance firms, financial institutions, insurance companies, asset...

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In May 2021, SBI Life Insurance Company  and Housing Development Finance Corporation were the most preferred stocks of Indian mutual funds. The net purchases of SBI Life Insurance Company were Rs1,324 crore. Tata Steel and Jindal Steel and Power were the most sold stocks. The net sales of...

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ICICI Prudential Mutual Fund has launched a new equity-oriented scheme in the flexi-cap category. A flexi-cap equity scheme invests in stocks across market-capitalisation (m-cap), sector and size with flexibility in allocation.   ICICI Prudential Flexicap scheme will pick stocks from...

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Axis Mutual Fund has launched a new open-ended equity-oriented quant scheme. A quant scheme uses quantitative, i.e., data-driven analysis to pick stocks and other investments.   Axis Quant Fund will use fundamentals-oriented Q-GARP philosophy to its quants model. Q-GARP refers to...

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In a major blow for Franklin Templeton Asset Management Company (FTAMC), the Securities and Exchange Board of India (SEBI) has barred the fund house from launching any new debt scheme for two years, while imposing a penalty of Rs5 crore for violation of regulations in the shutting down of six...

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The best three and the worst three mutual fund (MF) schemes over the past three years ranked by their quarterly rolling returns. Premium members get access to a more refined list of top schemes by logging into Moneylife Advisory  

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Mutual fund (MF) schemes come in two distinct categories – open-ended and closed-ended. Open-ended schemes are most common and popular due to their always-open investment and withdrawal feature.    On the other hand, a closed-ended scheme locks in your investment at the time of its...

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Equity arbitrage schemes are a hybrid category of mutual fund (MF) schemes that invest mainly in equities, but in a manner that is safe and earns predictable returns. This allows the scheme to generate fixed-income-like returns and enjoy the special tax rate of equities.   Returns on...

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Exchange-traded funds (ETFs) and index mutual funds are entering the mainstream; but asset managers have done little to educate investors about these products and their differences. We explain both of these products so that investors can take an informed decision.   Exchange-traded...

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In April 2021, ICICI Bank and Axis Bank were the most preferred stocks of Indian mutual funds. The net purchases of ICICI Bank were Rs. 1,439 crore. Infosys and Hindustan Unilever were the most sold stocks. The net sales of Infosys were Rs717 crore and net sales of Hindustan Unilever were...

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