Mutual Fund Newsletter - Dec 30, 2013 to Jan 03, 2014

India Infoline News Service | Mumbai |

The private sector mutual fund reported inflow of Rs. 50,167 crore, while public sector mutual fund saw inflow of Rs. 1,160 crore in inflow, the SEBI data added.

Top Stories

MFs offload equity worth Rs. 482 crore in November
Mutual Funds made net investment of Rs. 41,141 crore in the secondary market in November 2013 compared to net investment of Rs. 33,153 crore in October 2013, according to SEBI (Securities and Exchange Board of India) data.

Mutual funds sold Rs 482 crore in equity in November 2013 compared to Rs 4,018 crore sold in October 2013. Mutual Funds invested Rs 41,624 crore in debt market in November 2013 as against of Rs. 37,171 crore invested in October 2013, the SEBI said...
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MFs report net inflow of Rs. 49,008 cr in November
During November 2013, mutual funds saw a net inflow of Rs. 49,008 crore as compared to an inflow of Rs. 66,325 crore, according to SEBI (Securities and Exchange Board of India) data.

The private sector mutual fund reported inflow of Rs. 50,167 crore, while public sector mutual fund saw inflow of Rs. 1,160 crore in inflow, the SEBI data added.

Of Rs. 66,325 crore, Rs. 47,215 crore inflow was from private sector mutual funds, while public sector mutual funds saw inflow of Rs. 19,111 crore in November...
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Special Stories

SEBI to strengthen insider trading norms
Capital market regulator Securities and Exchange Board of India (SEBI) said that its focus this year will be to strengthen the insider trading mechanism and risk management system on the exchanges.

Pointing out the major priorities for 2014, SEBI chairman UK Sinha said that the regulator plans to introduce final guidelines for research analysts, for which it had issued draft norms...
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Domestic News

SEBI revises KYC norms to ease a/c opening process
Capital market regulator Securities and Exchange Board of India (SEBI) has re-worked know your client (KYC) requirements for both individuals and non-individuals to avoid repeated modifications in the KYC registration agency (KRA) system.

A standard Account Opening Form (AOF) has been prescribed which is divided in 2 parts - Part I contains the basic KYC details of the investor used by all SEBI registered intermediaries and Part II captures additional information specific to the area of activity of the intermediary, SEBI said in a circular on 26th December...
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LIC Nomura launches Capital Protection Fund Series II
LIC Nomura Mutual Fund announces the launch of ‘Capital Protection Oriented Fund- Series II’ (CPOF), a 34 month close ended scheme. The product is designed for investors who are seeking to achieve capital protection.

The New Fund Offer (NFO) will close on January 13th, 2014. The units will be available at par (Rs.10/-) during the NFO. The scheme will invest in 85% debt and 15% equity.

The investment objective of the scheme is to achieve capital protection by investing in AAA or equivalent rated high quality fixed income securities maturing on or before the tenure of the scheme and seeks capital appreciation by also investing in equity and equity related investments...
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Total assets of PMS fall 0.2% to Rs. 7.01 trillion in Nov 2013
Total assets under management (AUM) of Portfolio Management Services (PMS) industry have decreased by 0.2% from Rs. 7.02 trillion in October 2013 to Rs. 7.01 trillion in November 2013, according to SEBI (Securities and Exchange Board of India) data.

As on November 30, 2013, AUM of discretionary PMS constitute 76.8% of the total AUM of PMS followed by advisory PMS (18.3%) and non-discretionary PMS (4.9%).
In terms of number of clients, discretionary services category ranks first with total of 43,458 clients, out of 57,987 clients in PMS industry, followed by advisory services with 9,431 clients and non-discretionary category with 5,098 clients.


Leader Speak

Uncertainty with regard to QE3 tapering is now behind: Peerless MF
"The year 2013 has been steady with large cap indices generating better returns compared to mid and small cap indices. As elections overhang remain for 2014, overall outlook for equity markets would be cautiously optimistic," Kaushik Dani, Head–Equity Funds, Peerless Mutual Fund, says...
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Learning

NPS: Invest regularly to turn savings into sizeable kitty
If you are serious about building a substantial corpus for your retirement, then you surely need to know more about National Pension System (NPS). A low-cost retirement solution, NPS can turn our retirement savings into a sizeable kitty... Read more

International News

Assets under MFs rises by $183.4bn in November: ICI
The combined assets of the nation’s mutual funds increased by $183.4 billion, or 1.3 percent, to $14.815 trillion in November, according to the Investment Company Institute’s official survey of the mutual fund industry.

In the survey, mutual fund companies report actual assets, sales, and redemptions to ICI. Long-term funds—stock, bond, and hybrid funds—had a net inflow of $9.61 billion in November, versus an inflow of $10.30 billion in October.

Stock funds posted an inflow of $22.49 billion in November, compared with an inflow of $20.68 billion in October. Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $15.94 billion in November, versus an inflow of $12.67 billion in October. Funds that invest primarily in the United States had an inflow of $6.56 billion in November, versus an inflow of $8.01 billion in October...
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Taxable govt funds increased by $23.49 billion in latest week
Total money market mutual fund assets increased by $24.04 billion to $2.719 trillion for the eight-day period ending Tuesday, December 31, the Investment Company Institute reported. Taxable government funds increased by $23.49 billion, taxable non-government funds decreased by $400 million, and tax-exempt funds increased by $960 million.
 

Retail: Assets of retail money market funds increased by $2.37 billion to $929.25 billion. Taxable government money market fund assets in the retail category increased by $40 million to $199.67 billion, taxable non-government money market fund assets increased by $1.08 billion to $533.03 billion, and tax-exempt fund assets increased by $1.25 billion to $196.55 billion... Read more

Institutional managers to woo investors with attractive fees: Cerulli
Institutional managers are capitalizing on their success in Europe's defined contribution segment and marketing "institutional" products, such as asset allocation and diversified growth funds, direct to mainstream investors.

The January issue of The Cerulli Edge-Global Edition considers whether 2014 will be the year institutional managers crack the UK retail market.

"Institutional alternative managers who deviate from their traditional fee structure in order to tackle the mass market may well win new business, but they could face two significant problems," commented David Walker, a Cerulli associate director...
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Equity funds estimated inflows of $1.79bn for latest week
Total estimated outflows from long-term mutual funds were $930 million for the five-day period ended Monday, December 23, 2013, the Investment Company Institute reported.

Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals...
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Mutual fund assets reach new high in November
In the December 2013 issue of The Cerulli Edge-U.S. Monthly Product Trends, Cerulli examines product development trends for 2014. December's Monthly Spotlight explores opportunities in liquid alternatives.

Mutual fund assets reached a new high of $10.8 trillion in November. Monthly flows into mutual funds were again positive ($14.6 billion), yet they were slightly lower than the $17.8 billion in October.

Since June, ETF assets increased by 8.8% to total nearly $1.7 trillion through November. ETF net flows in November remained positive for a third month in a row, harvesting $71.9 billion since August...
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