Mutual Funds Newsletter – February 03 to 07, 2014

Mutual funds saw net outflow of Rs. 74,578 crore during December 2013 as compared to an inflow of Rs. 49,008 crore in November 2013.

February 08, 2014 2:41 IST | India Infoline News Service
Top Stories

MFs offload equity worth Rs. 411 crore in December 2013
Mutual Funds made net investment of Rs. 51,531 crore in the secondary market in December 2013 compared to net investment of Rs. 41,141 crore in November 2013, according to SEBI data.

Mutual funds sold Rs. 411 crore in equity in December 2013 compared to Rs. 482 crore sold in November 2013. Mutual Funds invested Rs. 51,942 crore in debt market in December 2013 as against of Rs. 41,624 invested in November 2013, it added.

As on December 31, 2013 there were a total of 1,430 schemes under mutual funds of which Income/Debt oriented schemes were 982 (68.7 percent), Growth/equity oriented schemes were 355 (24.8 percent), Exchange Traded Funds were 39 schemes (2.7 percent), Balanced schemes were 30 (2.1 percent) and Fund of Funds investing Overseas schemes were 24(1.7 percent)... Read more

Pvt sector MFs report outflow of Rs. 62,002 cr in December
Mutual funds saw net outflow of Rs. 74,578 crore during December 2013 as compared to an inflow of Rs. 49,008 crore in November 2013.

The private sector mutual funds reported outflow of Rs. 62,002 crore in December 2013, while public sector mutual funds saw outflow of Rs. 12,575 crore, the SEBI data added.

The private sector mutual funds recorded inflows of Rs. 50,167 crore, whereas public sector mutual funds saw outflow of Rs. 1,160 crore in November 2013.

During the financial year 2013-14 so far, mutual funds net mobilised Rs. 76,098 crore as compared to Rs. 1,20,269 crore mobilized in corresponding period of 2012-13. The market value of assets under management stood at Rs. 8,25,840 crore as on December 31, 2013 as compared to Rs. 8,89,952 crore as on November 30, 2013, indicating a decrease of 7.2 percent.

New Appointments

UK Sinha gets two-year extension as SEBI chairman
SEBI (Securities and Exchange Board of India) chairman UK Sinha's tenure has been extended by two years, according to a media report. The Finance Ministry on Thursday extended Mr Sinha's tenure by two years, the report added.

Mr Sinha, 61, was appointed as SEBI chairman in February 2011, succeeding CB Bhave. He was the Chairman and Managing Director (CMD) of the Unit Trust of India Asset Management Company (UTIAMC), commonly referred to as UTI Mutual Fund. He is a member of the Indian Administrative Services (IAS), belonging to the Bihar Cadre... Read more

V Balasubramanian is head-equity; fund manager-equity & gold of IDBI MF
V Balasubramanian is the Fund Manager–Equity & IDBI Gold Exchange Traded Fund at IDBI Asset Management Ltd.

He has over 31 years of work experience of which 13 years have been in the Mutual Fund Industry and 8 years in Treasury of a nationalized bank. 

Prior to joining IDBI Mutual Fund, he was Senior Manager of the Treasury branch of Indian Bank.

Domestic News

Deutsche Asset MF launches Fixed Maturity Plan–Series 47, 48
Deutsche Asset Management India has launched two new schemes-DWS Fixed Maturity Plan (FMP) – Series 47, a 427 days close ended debt fund and DWS Fixed Maturity Plan (FMP) – Series 48, a 370 days close ended debt fund.

The objective of both schemes is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. While DWS FMP – Series 47 will predominantly invest in Non Convertible Debentures (NCDs)/Bonds and Money market instruments, DWS FMP – Series 48 will predominantly invest in Certificate of Deposits (CDs), Commercial Papers (CPs), Non Convertible Debentures (NCDs)/Bonds and Money market instruments. The benchmark for both schemes is CRISIL Short Term Bond Fund Index... Read more

ICICI Pru Equity Savings–Series 1 NFO period extended till 14 Feb

ICICI Prudential Asset Management Company has announced the extension of the NFO period of ICICI Prudential Equity Savings Fund, a close ended equity fund that focuses on investing in equity securities of companies which are likely to see expansion in Return on Equity over the next 3 years.
The fund aims at adopting a focused approach on select high conviction stocks which are likely to gain from factors such as the improving economy, a favorable regulatory change, change in the industry dynamics or company specific factors... Read more

HDFC MF launches HDFC RGESS-Series 2
HDFC Mutual Fund announced the launch of HDFC Rajiv Gandhi Equity Savings Scheme–Series 2, (HDFC RGESS-2), a 3 year close-ended equity scheme investing in Eligible Securities as per Rajiv Gandhi Equity Savings Scheme.(‘RGESS’).

HDFC RGESS-2 would invest in a portfolio of diversified equities – either from BSE-100 or CNX-100, Public Sector Enterprises categorized as Maharatna, Navratna, Miniratna by Central Government, and also in Follow on Public Offer of all Eligible Securities and IPOs of public sector undertaking, where government shareholding is at least 51% and annual turnover is not less than Rs 4,000 crores during each of the preceding three years... Read more

UTI celebrates 50 years of Pioneering Wealth Creation
On February 1, 2014, UTI has completed 50 years of its glorious journey in pioneering wealth creation and contributing to the growth of the financial sector.

50 years marks a major milestone in the history of UTI. To mark this occasion, UTI celebrated its 50th anniversary at NCPA, Mumbai on February 2, 2014.
The occasion was graced by Finance Minister, P Chidambaram as the Chief Guest and UK Sinha, Chairman, SEBI was the Guest of Honour. The function had an august gathering of dignitaries from the corporate and financial sector... Read more


How do SIPs help?
All market-linked investments go through ups and downs. To create wealth over the long run, a disciplined, far-sighted approach is critical. In this context systematic investment plans (SIPs) can be a preferred option. The concept of SIP is similar to recurring bank deposits wherein investors contribute a fixed sum of money at regular intervals... Read more

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