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This report provides insights into performance, estimated flows, and asset trends for offshore funds focussed on the Indian equity market (or “Indian securities”). The flows are estimated from assets and total returns for the quarter ended June 2017.
An offshore India fund is one that is not domiciled in India but invest
Key observations
* Equity AUM of the MF industry grew 6.4% MoM to INR6.3t in July to a new high, also marking the quickest INR1t jump.
* The increase in equity AUM was led by a rise in market indices (Nifty up 5.8% MoM). While gross inflows remained steady (INR280b, up 6% MoM), redemptions fell 16% MoM to INR153b. Consequently, net inflows in
Mumbai : BSE StAR MF distribution platform, the largest distribution framework for Indian Mutual Fund, processed 2,02,016 orders on August 10, 2017, a record high for a day. The total value of these orders is over Rs. 300 crs. The platform received over Two lakh order today.
BSE StAR MF witnessed a growth over Year on Year basis in orders to Rs. 65
Equity mutual funds saw a record inflow of Rs 12,727 crore in July primarily due to a rally in the stock markets and hopes of rate cut by the Reserve Bank. This also marks the 16th straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016. The strong inflows have pushed the asset base of equity mutual funds (MFs) by more tha
Government Security Market:
Update The Reserve Bank of India cut repo rate by 25bps to 6 per cent from 6.25 per cent and cited concern on the inflation numbers going forward. The market reacted on the negative front and 10 year government bond yield spiked to 6.48 per cent and recovered by 2 bps points. Rupee extended the gain and appreciated sharply t
Showing a growing traction for mutual funds among investors, the number of folios has grown by over 93 lakh to an all time high of 5.82 crore at the end of June 2017, from the year-ago level, driven by strong participation from retail investors.
According to data from the Securities and Exchange Board of India (Sebi) on total investor accounts with 42 active fund houses, the number of
AUM up 6.7% QoQ in 2QCY17; Defensives preferred in June
Domestic mutual fund (MF) industry average AUM increased for the 15th consecutive quarter in 2QCY17 (+6.7% QoQ) to a new high of INR19.6t. On YoY basis, average AUM saw a 35% rise (INR5.1t), primarily on account of inflows in growth (equity), income and liquid funds, backed by increased participat
Government Security Market: Update
Government debt securities saw robust response from foreign investors, attracting bids worth USD 4.6 billion as against USD 3.2 billion on offer. Foreign portfolio investors (FPIs) have bid for investment limits in government debt securities worth Rs 29,950 crore (USD 4.62 billion) as against Rs 20,397 crore (USD 3.1
Equity mutual funds have seen an inflow of over Rs 28,000 crore in April-June 2017, a surge of nearly three-times from the year-ago level, underpinned by investors' optimism, reported PTI. "Inflows in equity mutual fund schemes have been robust of late as investors chase higher returns in the wake of lower yields from fixed income instruments and poor performance by realty and commodit
MUMBAI - Indian mutual funds need to improve their due diligence before investing in corporate bonds and not rely only on credit ratings given rising concerns about potential defaults, the chairman of Securities and Exchange Board of India (SEBI) said on Thursday.
The warning by SEBI Chairman Ajay Tyagi comes as several companies, including Amtek Auto, Jindal Steel an
Mutual fund industry's asset base rose 7 per cent to all time high of Rs 19.52 lakh crore at the end of June quarter, driven largely by strong participation from retail investors, reported PTI. In comparison, assets under management (AUM) of the MF industry, comprising 42 players, were at Rs 18.3 lakh crore during the January-March quarter, as per the data of Association of Mutual Funds in
UTI Dividend Yield Fund declares tax-free dividend of 7.50% (Re.0.75 per unit on face value of Rs.10) under dividend option-existing plan and dividend option –direct plan. Pursuant to the payment of dividend, the NAV of the dividend option-existing plan and dividend option-direct plan of the scheme would fall to the extent of payout.
The record date for the dividend
Government Security Market: Update
At the start of the week the RBI monetary policy was in the focus as the market was showing the big movement after the US job data was below expected numbers and raised the question whether Fed will hike rates in June policy. The Reserve Bank of India in a policy review cut SLR by 50 bps to 20 per cent and eased
The Morningstar Analyst Rating for Funds is a forward-looking analysis of a fund. The analyst looks at five key areas crucial to predicting the future success of a fund: People, Parent, Process, Performance, and Price. Also called the 5 pillars, they are used in determining the Morningstar Analyst Rating for a fund.
Gold / Silver / Bronze
The last few quarters have witnessed several developments in fixed income markets. These are summarized below. * 10 year yields (6.97 GOI 2026) have moved higher by 38 bps since Jan 2017 to 6.74% currently. From the bottom of 6.18% as in Nov 2016, the yields are up 56 bps. The yield for this paper peaked at 6.98% in May ‘17 * GST rates have been final Government Security Market: Update The Reserve Bank of India surprised the market by raising reverse repo rate by 25bps last week, after unexpectedly signaling an end to its monetary easing cycle in February, while the authority has said it will use the host of tools including OMO sale of bonds to drain excess cash from the system. After a fall to 6.87 Government Security Market: Update Foreign funds have been pouring into India, driving stocks to a record and pushing up bond prices, since Prime Minister Narendra Modi’s party won an election in a key state on March 11. Yields on local 10-year bonds are among the highest in the region and the rupee’s rally post the election results has mad Government Security Market: Update An outcome of UP election turned positive for the market but the macro data (CPI and WPI) had disappointed the market as CPI surged to 3.65 per cent from 3.17 per cent and WPI to 6.25 per cent but the core number eased from the last month had some relief for the market. Later during the week Fed as anticipated increas Objective Seeks to generate long-term capital appreciation and income distribution to unitholders from a portfolio that is invested in equity and equity related securities of about 20 companies belonging to the Large Cap domain and the balance in debt securities and money market instruments. The Fund Manager will always select stocks for investment fro Objective The Scheme aims to provide growth of capital along with income tax exemption benefits to investors. Scheme’s performance Objective The primary objective of the scheme is to generate longterm capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. Scheme’s performance Below is the views on DSP Blackrock stopping fresh flow to the Microcap Fund by Mr. Himanshu Srivastava, Senior Analyst Manager Research, Morningstar Investment Adviser India In our opinion, the decision of DSP BlackRock Mutual Fund to stop fresh inflows into DSP BlackRock Microcap Fund is a welcome move and a step in the right directi For years together, tax payers can claim deduction in income under section 80(c) of Income Tax Act. Many products are available within that namely Public Provident Fund (Commonly known as PPF), ELSS mutual funds, National Savings certificate (NSC), and Insurance products. Tax Saver MFs or Equity Linked Savings Schemes are mutual funds which invest in Equity for a period of 3 years. Th Government Security Market: Update Market moved in the tight band of 6.34 to 6.42 levels as IIP data surged to 5.7 per cent from a negative of 1.7 per cent and retail inflation moved down to 3.41 per cent. In a weekly auction the Reserve Bank of India set the cut of 10 year benchmark at 6.4031 per cent and 6.84% GOI 2022 at 6.4355 per cent; 7.73% GOI Objective The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, generally focussed on a few selected sectors. Scheme’s performance
India Fixed Income Review: Risk Reward Reasonable, Once Again by HDFC Mutual AMC - HDFC Mutual Fund
10 year Benchmark 6.97% GOI 2026 likely to move in the range of 6.75% to 6.85% levels - GEPL
10 year Benchmark 6.97% GOI 2026 likely to move in the range of 6.72% to 6.83% levels - GEPL
10 year Benchmark 6.97% GOI 2026 likely to move in the range of 6.72% to 6.87% levels - GEPL
Analysis ICICI Prudential Focused Bluechip Equity Fund - Sharekhan
Analysis Franklin India Taxshield - Sharekhan
Reliance Tax Saver (ELSS) Fund - Sharekhan
15/02/2017 4:01:58 PM
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DSP Blackrock stopping fresh flow to the Microcap Fund - Morningstar Investment
Tax Saver Mutual Fund - A Blessing in Disguise - Sushil Finance
10 year Benchmark 6.97% GOI 2026 likely to move in the range of 6.34% to 6.42% levels - GEPL
Kotak Select Focus Fund - Sharekhan
12/01/2017 12:33:57 PM
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