MF REDEMPTION
Quant Mutual Fund investors withdraw Rs 1,400 crore in 3 days. Should you stop fresh investments, SIPs?
The client withdrawals are among the first indicators of the probe’s impact. The Securities and Exchange Board of India is reviewing alleged front-running trades by Quant Mutual Fund employees, Bloomberg News reported earlier this week, citing people familiar with the matter.
No 'communication' from Sebi after initial inquiries: Quant MF
Quant schemes had liquid assets, which include large-cap stocks, T-bills, G-Secs, gold, and silver, worth approximately 53.5% of their total equity AUM, the asset manager said.
Quant MF reassures investors: Gross inflows normal, liquidity position robust
Quant MF reaffirmed its commitment to fully cooperate with the Sebi during its ongoing review, as reported by ET Now on Wednesday. The fund house has assigned dedicated personnel to provide regular data to the regulator.
Hold your horses, Morningstar tells Quant MF investors rushing for the exit door
Quant Mutual Fund's net asset values experienced a slight dip on Monday, with the Quant PSU Fund seeing the largest decrease of up to 1.09%. Small-cap and mid-cap funds also saw minor decreases of 0.66% and 0.94%, respectively.
3 ways in which front-running can impact Quant Mutual Fund investors
As Sebi probes front-running at Quant Mutual Fund, impacting investors and shareholders, the illegal practice raises acquisition costs, affects NAV, and leads to selling pressure in suspected stocks, potentially affecting fund performance.
PrimeInvestor issues exit call on Quant MF schemes
PrimeInvestor said the risk of such front running news is two-fold. One, there will be redemption pressure on the AMCs' funds; and secondly, the stocks (if disclosed or rumoured) on which such front-running was allegedly done may come under selling pressure, it said.
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ET Explainer: NAV of a mutual fund
Mutual fund schemes declare the NAV daily, representing the market value per unit. It is calculated by dividing total assets by liabilities, updated at 11 pm for most schemes. NAV is crucial for investors in buying or selling units through the fund house.
Demat, MF A/cs won't be frozen for not filing nomination
Sebi announced it won't freeze demat accounts and mutual fund folios for existing investors without nominations. New investors must provide mandatory nominations, ensuring smoother processes and compliance in the market.
Sebi junks rule to freeze Demat a/cs, MF folio rule for non-submission of nomination
The regulator said dividend, interest or redemption payment withheld presently by listed companies and registrar and transfer agents for want of nomination should be processed accordingly.
Demat and mutual fund accounts won't be frozen for not filing nomination: Sebi
In a circular, the markets regulator said, based on representations received from participants, for ease of compliance and investor convenience, non-submission of 'choice of nomination' shall not result in the freezing of demat accounts as well as MF folios. In a circular dated December 27, 2023, Sebi extended the deadline for submitting "choice of nomination" for demat accounts and mutual fund folios to June 30, 2024. Accounts and folios without nomination details by this date will be frozen for debits.
Kotak Mutual Fund launches Nifty 100 Low Volatility 30 Index Fund
The NFO of the scheme will open for subscription on May 22 and close on May 31. The scheme will reopen for continuous sale and repurchase on or before June 12. It will be benchmarked against NIFTY 100 Low Volatility 30 Index and managed by Devender Singhal and Satish Dondapati (equity investments), and Abhishek Bisen (debt investments).
Don't see sustained FII outflows from India: Mihir Vora
It cannot be risk off because US markets are doing so well so maybe the US market itself is acting as a magnet for global flows. So, it seems to be more of a GEM, global emerging market, outflow out of which India is typically 10%, so when money flows out of global funds you do get redemptions in India and some of the positioning may be because of that.
What is the advantage of borrowing against mutual fund units?
Borrow against equity or hybrid mutual fund units for immediate liquidity at 9-11% interest rates. Advantages include short-term monetary support without selling units, maintaining financial plan, and quick capital raise. Apply online through NBFC websites for a paperless process.
54% equity mutual funds outperformed their benchmarks in April
54% equity mutual funds outperformed benchmarks in April across various categories. Contra funds led with 100% outperformance. Value, ELSS, Large & Mid Cap, Flexi Cap, and Multi Cap funds also showed strong performance.
Big miss! 93% smallcap mutual funds fail to beat benchmarks in April
Around 93% of small cap mutual funds failed to beat their benchmarks in April. Only 2 out of 27 schemes managed to outperform, emphasizing the riskiness of small cap investments and the need for a high-risk appetite.
Nomination now optional for joint mutual fund portfolios; what MF investors must know
The deadline for all current individual unit holders who own mutual fund units, either alone or jointly, nominate or opt out of nomination is June 30, 2024; otherwise, the folios will be blocked for debits.
Liquidity in mutual funds: 5 things to know
If the fund has investments that are less commonly traded, it might impact the liquidity of the fund.
Chote miyan out, bade miyan in! How MF investors are shuffling their cards
Investors are shifting from smallcap to largecap funds due to better valuations and higher earnings growth expectations in large caps. Large cap schemes like Quant Large Cap Fund and Bank of India Bluechip Fund delivered high returns in FY24.
Rs 3.5 lakh crore riding on flexi cap mutual funds. What’s making these funds irresistible?
Flexi cap MFs with Rs 3.5 lakh crore AUM lead equity categories. Fund managers' flexibility, market outlook trust, and SIPs for systematic investment make these funds popular among investors for long-term goals.
Axis MF to focus on hybrid, passives in bid to enter the top four league
The fund house, the seventh largest in the 43-member strong mutual fund industry, has fallen out of investors' favour of late on account of weak performances by its equity schemes and changes in the core team including key fund managers.
Take the SIP route to join Trust MF's hunt for 'gorillas'
The fund, which will be managed by Mihir Vora and Akash Manghani, will manage a portfolio of 40-50 stocks. The fund managers will combine investment philosophies including growth at a reasonable value (GARV) and terminal value (TV) to pick stocks.
Get name, DOB details mismatch in PAN and mutual fund folio corrected by April 30, here’s why
Mutual Fund holders should make sure that there is no mismatch, and if there is a mismatch, you should rectify it by April 30, 2024. POI, the mismatch in name/DOB of an investor in PAN and MF folio to lead to transaction rejection effective April 30, 2024.
Local MFs’ monthly equity bets at new peak
The domestic fund investment captures all equity investment including equity funds, balance funds, ETF’s, index funds and arbitrage funds. Domestic funds were net buyers of equities in 11 out of the past 12 months.
Which equity mutual fund categories remained investors' favourite in FY24?
Around four equity mutual fund categories received inflows of more than Rs 20,000 crore in FY24. Smallcap funds gained the maximum traction and received a total inflow of Rs 40,282.73 crore in FY24.
Last minute tax saving idea: Can ELSS mutual funds fit into your portfolio?
ELSS or tax-saving schemes are benchmarked against Nifty 500 - TRI, S&P BSE 500 - TRI, S&P BSE 100 - TRI. Nifty 500 - TRI, S&P BSE 500 - TRI gave 19.30% each, and S&P BSE 100 - TRI gave 17.59%.
ETMarkets Smart Talk: Should you invest in MF based on stress test results? Kshitiz Mahajan explains
“Asset management companies conduct these stress tests fortnightly to assess the liquidity of small and midcap portfolios. During the test, they assess how quickly a fund manager can sell small and mid-company stocks if many investors request redemptions,” says Kshitiz Mahajan
How to redeem mutual funds offline or online
Redemption in mutual fund investments means the withdrawal of investment by the investor. Redemption is usually done when the investor needs funds, the objective of the investment is fulfilled, or when the financial plan review demands a change in allocation, or the scheme is not able to deliver desired results. Text: Centre for Investment Education and Learning (CIEL)
Equity mutual fund redemptions jump 39% YoY in CY23, 49% MoM in December
On a month-on-month basis, the pace of redemptions spiked by 48.9% to reach Rs 38,900 crore in December taking net inflows to Rs 17,700 crore during the month. It was a marginal uptick from Rs 16,900 crore in November 2023.
When to sell your mutual fund and when to take loan against securities
When you need urgent fund whether you should sell your mutual fund units or take a loan against it? Most investors take SIP route to build their long term investment portfolio and if it is broken or short term need it will be a difficult task to get back. However, if you go for loan it will come at a cost. We tell you how a loan against MF works and how should you decide whether you need to sell your MF holding or take a loan.
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