Net flows still low; Higher buying in IT Equity MF segment continued to witness net outflow for the sixth straight month in December(Rs. 10,147 Cr.), as investors preferred to continue booking profit in view of rising fear of market correction post sharp V-shaped recovery since we touched the lows in March 2020. Although the net
Net flows at all-time low; Aggressive buying in Financials continue Equity MF saw a net outflow in the month of November (Rs. 12,917 cr), for the fifth consecutive month, as investors preferred to continue booking profit. This was the highest ever monthly outflow from equity MFs as the benchmark indices reach all-time highs. Post US
Monthly net outflow in Equity MFs continues for the 4th consecutive month; figures worsen from previous month Equity MF saw a net outflow in the month of October (Rs. 2725 cr), for the fourth consecutive month, as investors preferred to continue booking profit. The sharp V-shaped recovery during last few months and change in the
Equity MF saw a net outflow in the month of September (Rs.734 cr), for the third consecutive month, as investors preferred to continue booking profit in view of declining household cash-flows in prevailing uncertain economic environment. The sharp V-shaped recovery during last few months and change in the definition of multi-cap funds by SEBI are
Most of the equity mutual fund categories witnessed redemption during the month of August 2020, which marked the 5th sequential decline in inflows in equity mutual fund category. except sectoral/thematic category. Debt mutual fund schemes also felt the redemption pressure during August after a strong inflow in the previous month.
SEBI’s revised asset allocation guidelines for Multi-Cap Funds would translate into Rs.14,300 cr and Rs.28,000 cr of inflows to Mid-Cap and Small-Cap companies while it could lead to potential outflow of Rs.34,000 cr from the Large-Cap category. In terms of percentage, large-cap could see ~32% of outflow while Mid-cap & Small-Cap categories, could see
Our monthly MF tracker captures the sectoral trends for the MF industry with focus on shift in any overweight/underweight position. It also looks into the top buys & sells during the previous month along with the cash holding positions. MFs have increased exposure to IT, Oil & gas and Healthcare sectors while reduced exposure to
In this article, we will examine the inter-scheme transfers done by most of the MF houses that have seen huge redemption pressure on their Credit Risk Funds. We will also give our view whether this warrant any review of your existing investment into these hybrid schemes.
We have been flagging the risk involved in chasing the YTM without properly understanding the credit risk, interest rate risk, and liquidity risk associated with the papers owned by that particular fund, and today we stand vindicated. What really went wrong with the Pick of the Pack, where YTM obsessed investors always used to jump
FM removed Dividend Distribution Tax (DDT) in the Union Budget 2020-21 and made dividends taxable in hands of the investors. We believe this is likely to shift the investors' money from dividend option to the growth options. Further, inclusion of TDS on dividend payout above Rs.5000/pa would also help in this kind of shift.