User: sailendram Topic: Hedge
Category: Investor
Last updated: May 18 2018 18:22 IST RSS 2.0
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Sebi proposes to allow foreign entities in commodity derivatives 18.5.2018 General News
With an aim to deepen the commodity derivatives market, regulator Sebi today proposed allowing trading in this segment by foreign entities with exposure to the Indian physical commodity market. To begin with, foreign entities may be allowed to hedge their exposures with derivatives trading in only those commodities where India has a large production, consumption or export share globally, barring the sensitive commodities. Proposing a detailed set of norms for eligibility criteria, disclosure and KYC requirements, code of conduct and safeguards against any unwanted price fluctuations, Sebi, in a consultation paper said that the final regulations would be framed after taking into account public comments till June 18. The proposal follows recommendation from the regulator's Commodity Derivatives Advisory Committee (CDAC) for allowing in this market the hedge funds (category III alternative investment funds), portfolio management service (PMS) firms, mutual funds and direct participation .
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Don't be lured by weak rupee effect on international MFs 16.5.2018 DNA: Recent Columns
The domestic equity market is up 2% in last three months, but international mutual funds have gained up to 16%. The average scheme return for this category is a neat 7%. In fact, the last one-month period, global MFs are the best performer as a category among all. Apart from the appreciation of underlying assets held by international funds, a weak rupee has helped lift these schemes. With the rupee having plummeted to 16-month lows against the US dollar, should investors tread with caution or buy more into such global MFs, which have had a chequered history in terms of performance. DNA Money spoke with mutual fund experts to decode this interesting trend. Dime a dozen According to Value Research data, there are more than three dozen international mutual fund schemes. They can be grouped into a few buckets based on their investments - commodity stocks, real estate stocks, diversified international equities, European shares, energy stocks, gold shares, US stocks, emerging markets, Asian/China/Japan shares, ...
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New SIP registrations up 92% in FY18: CAMS Asset Management 29.4.2018 General News
: Increase in investor awareness and confidence in mutual funds have contributed to a 92 per cent rise in registrations of new Systematic Investment Plan in the last financial year, a top official of CAMS Asset Management Services said. A Systematic Investment Plan allows customers to invest in mutual funds, creating wealth over a long period of time. "Retail investors took to SIP route as the preferred option, leading to 1.15 crore new SIP registrations in FY2018, nearly 92 per cent increase over the previous year," city-based CAMS Asset Management Services, Deputy CEO, Anuj Kumar, said. "During the last three years, the Mutual Fund SIP growth has been noteworthy," he said in an interaction. Elaborating, Kumar said monthly SIPs contribution doubled to over Rs 7,000 crore in March 2018 as against Rs 3,000 crore registered in April 2017. "We also saw a healthy pick-up in the ticket size from about Rs 3,546 two years ago to Rs 3,850 (currently)," he said. The contribution .
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Mutual funds' alternative investment funds push shifts into high gear 24.4.2018 Latest News
Flexibility, easier norms make AIFs an attractive option for wealthy investors
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Big bet on SIPs: MFs garner over Rs 67,000-cr in FY18 16.4.2018 General News
Retail investors are preferring SIP option for investing in mutual funds, with the industry garnering around Rs 67,190 crore through this route in 2017-18, an increase of 53 per cent from the preceding fiscal. In comparison, Rs 43,921 crore was collected through the investment plan in 2016-17, according to the latest update with Association of Mutual Funds in India (Amfi). The increased interest in SIPs (systematic investment plans) can be attributed to strong performance of equity schemes and investor education initiated by Amfi and mutual fund houses, Geojit Financial Services Executive Director Satish Menon said. He further said the new Sebi's announcements of reducing the mutual fund expense ratio to 5 basis points from 20 basis points along with recent market corrections will create a lucrative environment for investing through the SIP route in the market. As per the latest data, on an average, the mutual fund industry added about 9.70 lakh SIP accounts each month in 2017-18 as .
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Equity MF inflow down 59% to Rs 6,657-cr in Mar on LTCG 12.4.2018 General News
Equity mutual funds witnessed a net inflow of Rs 6,657 crore in March, a plunge of 59 per cent from the preceding month, due to volatile stock markets along with profit-booking by investors to avoid payment of LTCG tax. According to a report by rating agency Icra, equity funds, including equity-linked saving schemes saw monthly net inflow of Rs 6,657 crore in March, down from Rs 16,268 crore infusion seen in February. "The fall could be due to volatile equity markets and profit-booking by investors to avoid paying long-term capital gains (LTCG) tax before the new tax rules came into effect from April 1, 2018," the report noted. Finance Minister Arun Jaitley, in his budget speech, had announced LTCG tax of 10 per cent on equity gains beginning February 1, 2018 - on gains exceeding Rs 1 lakh. Later, the government clarified that the proposed LTCG tax on equity holdings will apply on profits made from sale of shares on or after April 1, 2018. Despite the volatility, equity funds saw ...
Mutual Funds see redemptions of Rs 50,000-cr in March 11.4.2018 General News
Mutual funds witnessed huge redemptions of over Rs 50,000 crore by investors in March on strong outflow from liquid and debt funds, according to industry body Amfi. Besides, MF schemes saw a net inflow of Rs 2.72 lakh crore in 2017-18, much lower than Rs 3.4 lakh crore seen in the previous financial year. Net inflows into equity MFs slumped to 20-month low of Rs 2,954 crore last month. "Every year, March month high outflow is a routine phenomenon," Bajaj Capital Senior V-P and National Head-Mutual Funds Anjaneya Gautam said. "It happens due to high redemptions in liquid funds by big corporates for year closing. Like the trend of many years, even this year also, more than 90 per cent of the redemptions for the March month is in liquid funds. These funds generally come back in the month of April, as per the trend, he added. According to the Association of Mutual Funds in India (Amfi) data, total redemptions from MF schemes stood at Rs 50,752 crore last month compared with Rs 54,883 ...
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Essel MF eyes Rs 10K cr in assets by next March 8.4.2018 General News
Essel Mutual Fund, the latest entrant in the market, is aiming assets under management (AUM) of up to Rs 10,000 crore by next March by focusing on liquid funds and aggressive branding, a top official has said. It has an asset base of nearly Rs 1,600 crore. At the end of December quarter, the figure was Rs 1,146 crore, as per the information available with the Association of Mutual Funds in India (Amfi). Essel MF is a part of leading private sector financial services firm Essel Finance, which is the umbrella brand for the financial businesses of the USD 10-billion conglomerate Essel Group, founded by Subhash Chandra. "The company is targeting an AUM of Rs 9,000-10,000 crore by the end of March next year," Essel Mutual Fund Chief Investment Officer Viral Berawala told PTI here. He said the company would achieve the target by focusing on liquid funds as well retail participation and through aggressive branding. "We will launch massive advertisement campaign in next two-three months to .
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Global fund managers eye trillion dollar pension business in China 21.3.2018 General News
SHANGHAI (Reuters) - Global asset managers are lobbying Beijing to offer tax benefits and other incentives to entice China's aging population to invest in mutual funds for their retirement, as funds eye a multi-trillion dollar opportunity in commercial pensions.
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Why domestic investment bankers will pocket hefty bonuses 20.3.2018 Rediff: Personal Finance
Bonuses are typically commensurate with deal activity in any given year. Investment banks, on average, pocket 2-3 per cent as fees for managing an IPO and 1.5-2 per cent for handling QIPs.
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Reliance Mutual Fund reclaims 3rd spot in February 13.3.2018 General News
Reliance Mutual Fund (MF) has regained its position in the top three mutual fund companies in February, data from the Association of Mutual Funds in India (AMFI) showed.
Another 32 AMCs agree to pay fee for BSE's MF platform 6.3.2018 General News
Leading stock exchange BSE today said another six asset management companies (AMCs) have agreed to pay fee to the bourse for the services provided through its mutual fund platform, taking the total tally to 32. Besides, the exchange said that 40 banks have been enabled for e-mandate on its mutual fund distribution platform BSE StAR MF, the bourse said in a statement. The exchange introduced e-mandate facility on January 20, this year. This is completely paperless framework that reduces the time taken for mandate approval to 3 days from 10 to 35 days taken for paper based mandate approval. "Besides, 32 AMCs out of total 37 AMCs accounting for more than 80 per cent of total assets under management in Indian mutual fund industry have agreed to pay a nominal service charge per transaction on bilateral basis to BSE for its services being provided through BSE StAR MF platform," BSE said. The move will give BSE additional resources to provide even better services to these fund houses and ...
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Special Report: Fidelity puts 6 million savers on risky path to retirement 5.3.2018 General News
BOSTON (Reuters) - For three years, the mutual funds in Fidelity's flagship retirement franchise have outperformed at least 85 percent of their competitors, reversing a decade-long trend of subpar performance.
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Look at listing for liquidity, providing exit to VCs: NSE to startups 26.2.2018 General News
Urging startups to go public once they have reached a certain scale, NSE today said listing will provide them liquidity as also give exit options to private equity as well as venture capital funds which have invested in them. "Startups that have reached a certain size should think of listing soon as public listing gives access to a wider and deeper capital market for fund raising, with large investments by mutual funds and FPIs," NSE Managing Director and CEO Vikram Limaye told PTI over phone ahead of the exchange's tech conclave to be held here. "Besides, startups need to keep in mind that a public listing is one big source of exits," he added. He further said that liquidity and exit events are among the biggest challenges for startups. Traditionally in India, exits have mostly happened through acquisitions by private equity firms or larger corporations. The exchange believes that many startups will go public in the next 12-24 months as it is seeking to bridge the gap between the ...
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Sebi may tighten AIF regulations to better monitor the source of funding 22.2.2018 Business Standard: Front Page Headlines
he regulator may also conduct regulatory audits on the AIFs to examine the fund sourcing arrangements it has entered into with its investors to ensure that the present regulations are not violated
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SBI MF introduces tax-friendly systematic withdrawal plan 8.2.2018 General News
Providing a tax efficient option for its customers, SBI Mutual Fund today announced the introduction of 'Bandhan SWP (Systematic Withdrawal Plan)' which offers monthly cash flow from an individual's mutual fund investments to their immediate family member. The facility would be offered to both new and existing SBI Mutual Fund investors who can opt for it to provide a monthly sum of money from their investment in a growth option of an open-ended mutual fund scheme to either a parent, sibling, spouse or child. The existing investors who have their investments under dividend payout and dividend reinvestment option may also avail this facility by switching their investments to the growth option. The minimum withdrawal amount is Rs 5,000 per month for a period of 12 months. SBI Mutual Fund executive director and CMO D P Singh told reporters here that 'Bandhan SWP' is tax-efficient solution as any fund transfer to immediate family members as it is considered as a gift under ..
PML rules:BSE asks MF investors to submit PAN, Aadhaar by Mar 7.2.2018 General News
To ensure compliance with anti- money laundering rules, leading stock exchange BSE today asked mutual fund investors to submit PAN and Aadhaar by March 31, 2018, failing which their folios would be closed. This follows the government's amending in June the Prevention of Money Laundering (Maintenance of Records) Rules with regard to collection of Aadhaar from clients. Folios are numbers designated to individual investor accounts, though one investor can have multiple accounts. "For existing mutual fund folios/accounts...and for folios/accounts opened thereafter up to February 14, 2018, investors need to submit their PAN and Aadhaar number with requisite documents latest by March 31, 2018, failing which, the mutual fund folio(s) would cease to be operational till the time the requisite details are submitted," the BSE said in a circular. For new mutual fund's accounts opened from February 15, this year onwards, investors are required to submit their PAN and Aadhaar number, .
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L&T Mutual Fund launches L&T Emerging Opportunities Fund 29.1.2018 General News
L&T Mutual Fund today announced the launch of L&T Emerging Opportunities Fund Series 1, to generate long term capital appreciation from small cap firms that have the potential to grow their revenue and profits at a higher rate as compared to the broader market. The close-ended new-fund offer (NFO), which opens today, will end on February 12. The fund has a tenure of 1,151 days from the date of allotment. "With the launch of L&T Emerging Opportunities Fund, we are providing investors with an opportunity to benefit from investing in the undervalued segment of the market while adding style diversification to their portfolios," L&T Mutual Fund CEO (L&T Investment Management) Kailash Kulkarni said in a release here. "Although one may believe that some small cap stocks are trading at expensive valuations, there are still a large number of stocks available at reasonable valuations. We believe emerging businesses built around a scalable opportunity with ...
Top Equity Mutual Funds for SIP investment right now 19.1.2018 Sify Finance
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Mirae Asset enters PE, investment banking and broking biz 11.1.2018 General News
As part of ramping up its presence in the country, Mirae Asset Global Investments today said it is entering into private equity (PE), investment banking and broking businesses. "We believe 2018 is going to be a landmark year for our organization as we are scouting for private venture/equity investments in India and setting up investment banking and broking business through Mirae Asset Capital Market India Pvt Ltd," Mirae Asset Global Investments (India) CEO Swarup Mohanty told reporters here. Mirae Asset will launch a short-term fund in February 2018. For the remaining part of the year, they will launch hybrid funds like equity savings fund and an arbitrage fund. "We are also looking at launching passive investment products (ETFs) in 2018," Mohanty said. Elaborating future plans in the country he added, it is also expected to apply to SEBI for an AIF in Q2 2018, which will invest in private debt across the credit opportunities spectrum, mostly focusing on higher grade ..
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