MFS
Sebi for mandatory disclosure of risk-adjusted return by MFs
"... it is felt that the risk adjusted return (RAR) of a scheme portfolio represents a more holistic measure of the scheme's performance because it quantifies the amount of return generated by a mutual fund scheme for each unit of risk taken to achieve that return," Sebi said in a discussion paper.
Sebi proposes mandatory disclosure of 'risk-adjusted return' by mutual funds
Risk-adjusted return offers a comprehensive view of a mutual fund's performance by measuring the return earned per unit of risk taken. Currently, regulations do not require disclosure of RAR alongside standard returns for mutual funds.
Huge flows into sector, thematic MFs make wealth managers edgy
As per data from Franklin Templeton, sectoral and thematic funds garnered ₹70,072, or 31% of the total net inflows of ₹2.27 lakh crore, in the past 12 months. This helped make sectoral funds the second-largest equity mutual fund category after flexi-cap funds, with assets of ₹3.37 lakh crore, constituting 13% of the total equity mutual fund assets of ₹25.4 lakh crore.
These equity MFs offered over 70% returns in one year
Around 249 equity mutual funds have offered more than 60% returns in tha last one year. Of these, 5 gave over 70% returns in the said period, according to the data extracted from ACE MF.
MFs sound caution on ‘excessive’ valuations in mid & small-caps
The share of mid-cap and small-cap companies in India's total market value reached a record high in May. Fund managers caution that the sharp rise in these shares may be excessive, citing excessive valuations in the segment.
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These 5 smallcap stocks turned multibaggers in a year, held by more than 100 MFs
Over the past year, several small-cap stocks have seen remarkable growth. During this time, the benchmark Sensex index rose by about 22%, while the BSE SmallCap index soared around 60%. To offer more confidence in small-cap stocks, ETMarkets identified 14 small-cap stocks held by over 100 mutual fund schemes. Notably, five of these stocks have surged over 100% in the past year. (Data Source: ACE Equity, ACE MF)
Volume Shocker: MFs lap up over 1 crore share of these 6 stocks in May 2024
In its latest mutual funds analysis, ETMarkets has highlighted stocks that saw a significant increase in the number of shares held by mutual fund holdings in May from the month of April. Approximately 36 stocks observed an increase of over 1 crore shares in May. To further narrow down the selection, only stocks that saw their prices rise by more than 15% since the start of May were included, resulting in a thoughtfully curated list of six stocks. (Data Source: ACE MF | ACE Equity)
20 MFs add these 7 stocks in May, witness a surge 20-80% in CY24 so far
In May 2024, mutual funds (MFs) continued to have a positive outlook on Indian equities, making net investments of around Rs 48,099 crore. An analysis by ETMarkets revealed that nine stocks were included in the portfolios of more than 20 MFs in May 2024, compared to April 2024. Of these stocks, seven have delivered returns exceeding 20% in CY24 so far, while two underperformed during the same period. (Data Source: ACE MF | ACE Equity)
Deposits in the time of MFs, real estate
Banks are seeking innovative solutions to rebalance their credit-deposit ratio, with RBI suggesting a review of business strategies. Credit growth is expected to slow down, impacting banks' loan-deposit ratios.
Tax-saving MFs: How to select the right ELSS mutual fund
Equity-linked savings plans, or ELSS, have two benefits: they can increase wealth and give tax savings under Section 80C. In comparison to other programs such as the PPF, Sukanya Samriddhi Yojana, and NSC, these schemes also have a short lock-in term of three years. Here's how to make investments in these plans.
Thematic MFs offer up to 14% return in May. Have you invested in any?
Sectoral and thematic mutual funds in May showcased diverse performances with funds like HDFC Defence Fund and Mirae Asset Hang Seng TECH ETF FoF offering up to 14.34% and 7.35% returns respectively.
Infra, PSU, mid and smallcap MFs biggest gainers in Modi 2.0
Infrastructure, mid-cap, and smallcap mutual funds delivered high returns during Modi government's second tenure from May 2019 to June 2024, fueled by rising PSU stocks in segments like railways and defence.
Beyond public market: The growing appeal of alternatives in India
The asset management industry in India has witnessed substantial growth, particularly in alternatives like AIFs, InvITs, and REITs. Private market alternatives offer access to previously unavailable asset classes, but investors should carefully assess asset managers for rigorous evaluation processes and proven track records.
Did you miss these wealth creators? Top 40 index funds give 50-100% returns in 1 year
Index funds gain popularity, with AUM rising 30% to Rs 9.6 lakh crore in a year. Over 40 funds yield 50-100% returns. Index funds offer low-cost and straightforward equity market exposure.
Unlike 2014, MFs bullish on equity, but not FPIs
This was in stark contrast to their positions a decade ago when FPIs were bullish on the local market and invested ₹75,784 crore in the 12 months to May 2014 while domestic funds were net sellers of ₹18,858 crore worth of equities. Major reasons for the FPIs' bearish stance this time around include discomfort with the financial stocks amid regulatory actions, attractive valuations in the Chinese market and increasing US treasury yields.
Two mutual fund schemes turned Rs 10 lakh to Rs 1 crore in 10 years of Modi govt
ETMutualFunds analysis reveals two schemes turning Rs 10 lakh into Rs 1 crore under Modi-led government. Nippon India Small Cap Fund and SBI Small Cap Fund deliver impressive CAGRs. Investors should consider risk appetite and goals before making investment decisions.
Domestic equity-oriented MFs vs global themes: Should you diversify to mitigate risks?
Domestic equity-oriented mutual funds have outperformed foreign-themed schemes in the last year, with average 1-year returns at 44% for local equities compared to 21% for overseas funds. Experts recommend diversifying with foreign-themed mutual funds for global diversification and risk mitigation.
How much is Indian MFs' exposure to US tech stocks & how have they performed? Prasad Sawant explains
Prasad Sawant from IIFL Securities mentions high returns from Mirae Asset and other US tech-focused mutual funds. Nvidia's success led to a 170% return. Indian mutual funds have exposure to US tech stocks like Microsoft, Apple, Google, and Nvidia.
Top 5 stocks where MFs, PMS, ULIP, and AIF increased exposure in April
We considered the top 5 stocks where MFs, PMS, ULIPs, and AIFs increased their exposure in April. Here's the list, according to the data by Finalyca.
Volume Shocker: MFs lap up over 1 crore share of these 6 stocks in April 2024
In its recent analysis of mutual funds, ETMarkets has identified stocks that witnessed a significant increase in the number of shares held by mutual funds in the month of April compared to from March. Nearly 34 stocks saw a rise of more than 1 crore shares in April. To refine the selection, only stocks that experienced a price increase exceeding 20% since the beginning of April were considered, resulting in a thoughtfully curated list of six stocks. (Data Source: ACE MF | ACE Equity)
These 8 stocks added by 15 MFs in April surge up to 65% in 2024 so far
In April 2024, mutual funds (MFs) maintained a positive outlook on Indian equities, evident from their net investments totalling approximately Rs 32,823 crore. ETMarkets' MF analysis shows that 14 stocks were added in the portfolios of over 15 MF schemes in April 2024, as compared to March 2024. Among these 8 stocks have delivered share price returns of 25-65% in CY24 thus far. (Data Source: ACE MF | ACE Equity)
MFs lap up commodity and metal stocks; some buy Kotak Bank, too
Vedanta, Hindalco, NMDC, GAIL India and ONGC were among the top picks in that space. Some leading mutual funds also lapped up Kotak Mahindra Bank, whose shares have been beaten down after the Reserve Bank of India’s ban on the private lender from issuing new credit cards and onboarding new customers through mobile and online banking, and the exit of joint managing director KVS Manian. Some funds bought shares of Axis Bank, while sold ICICI Bank and Jio Financial Services.
9 stocks held by over 100 MFs in April surge over 50% in CY24
Investors tend to be confident about a stock when it's held by multiple mutual fund schemes. In the month of April 2024, 153 stocks were found in the portfolios of over 100 mutual fund schemes. In ETMarkets' recent analysis, 32 of these stocks saw their prices surge by over 25% in CY24 and are held by more than 100 mutual fund schemes. Among these, nine stocks have recorded gains between 50% to 80% in CY24 till now. (Data Source: ACE MF, ACE Equity).
Equity MF inflows fall 16% in April; smallcap and debt schemes back in demand
In April, equity mutual funds witnessed a 16% decrease in inflows totaling Rs 18,917.09 crore. Sectoral/thematic funds had the highest inflow at Rs 5,166.05 crore, while large & mid cap funds also received substantial inflows.
Local funds keep shopping despite market volatility
The domestic funds invested net Rs 32,823 crore in April 2024 taking the total investment in the current calendar year to Rs 1.2 lakh crore, which was about 68% of the total investment in the previous year.
Smallcaps on steroids! FIIs, MFs chasing these 12 stocks quarter after quarter
FIIs and mutual funds consistently increase stakes in 12 smallcap stocks for four quarters, yielding up to 203% returns. Notable stocks include Dixon Technologies, Electronics Mart India, and Welspun Corp.
FIIs, MFs trim stakes in these 6 stocks for 3 straight quarters
In its latest examination, ETMarkets focused on stocks where significant institutional investors, like MFs and FIIs, have been reducing their stakes. Among BSE-listed stocks with a market capitalisation exceeding Rs 1,000 crore, approximately six stocks saw a decline in MFs and FIIs ownership in each of the past three quarters (September 2023 to March 2024). Despite a consistent decrease in MFs’ and FIIs’ ownership, three out of the six stocks have shown good share price appreciation over the past year. (Data Source: ACE Equity).
Mutual funds increase holding in these 10 PSU stocks. Do you own any?
PSU exposure in mutual funds (active schemes) saw a marginal drop in March 2024. This was largely due to the selling in SBI, NTPC, Power Finance, NHPC and PNB. However, a report by Elara Capital states that the overall PSU exposure in MFs is still lower than the long term zone of 15-16%. Currently it is hovering around 12%. Holding has expanded to a new high since 2020 as participation has finally begun in the last few months. Here’s a list of top 10 PSU stocks by Elara Capital that observed largest buying in MF portfolios:
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