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Showing posts with label Closed-Ended Mutual Funds. Show all posts
Showing posts with label Closed-Ended Mutual Funds. Show all posts

Mutual Fund Inflow Hits 4-Month Low On Profit Booking

Closed-Ended Mutual Funds , dividend mutual funds
Mutual Fund Inflow Hits 4-Month Low On Profit Booking
  • Investors continue to invest in equity mutual funds through SIPs while lumpsum flows remain a mixed bag
  • Despite the decline in inflows, the asset base of equity mutual funds increased to ₹7.57 lakh crore
Equity mutual funds witnessed a net inflow of around ₹6,489 crores in September, the lowest in the last four months, due to profit-booking by investors after a rally in markets following a reduction in corporate tax.

According to data by the Association of Mutual Funds in India (Amfi), open-ended equity schemes witnessed an infusion of ₹6,609 crores, while there was an outflow of ₹120 crores from close-ended equity plans, translating into a net equity inflow of ₹6,489 crore in September.

In comparison, net inflows in equity and equity-linked saving schemes stood at ₹9,090 crore in August.

Among debt-oriented schemes, liquid funds -- with investments in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon --- saw an outflow of ₹1.41 lakh crore.

Besides, gold exchange-traded funds witnessed an infusion of ₹44 crores against an inflow of ₹145 crores in August.

The outflow has pulled down the asset base of the MF industry, comprising 44 players, by 4 percent to ₹24.51 lakh crore in September-end from ₹25.47 lakh crore at end-August.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Kotak Mahindra Mutual Fund has launched a new fund named as Kotak Pioneer Fund

Closed-Ended Mutual Funds , dividend mutual funds
Kotak Mahindra Mutual Fund has launched a new fund named as Kotak Pioneer Fund
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 09 October to 23 October 2019.


The investment objective of the scheme is to generate capital appreciation from a diversified portfolio of equity, equity related instruments and units of global mutual funds which invests into such companies that utilize new forms of production, technology, distribution or processes which are likely to challenge existing markets or value networks, or displace established market leaders, or bring in novel products and/or business models.

The scheme offers growth and dividend (payout and reinvestment) option.

The scheme shall invest 80% - 100% of assets in equity and equity-related securities of companies having pioneering innovations theme with high-risk profile and invest up to 20% of assets in equity and equity-related securities of companies other than having pioneering innovations theme with medium to high-risk profile and invests up to 20% of assets in debt & money market instruments with low to medium risk profile and invests upto 10% of asset in Units issued by REITs and InvITs with medium to high-risk profile.

  • The minimum application amount is Rs 5000 and in multiples of Rs 1 for purchase and switch-ins.

  • The minimum additional amount is Rs 1000 and in multiples of Rs. 1/- for purchase and switch-ins.

  • The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme.


Entry load: Nil

Exit load: For redemptions / switch outs within 1 year from the date of allotment of units, irrespective of the amount of investment: 1%

If units are redeemed or switched out on or after 1 year from the date of allotment of units, irrespective of the amount of investment: Nil.
The performance will be benchmarked against 85% IISL KOTAK INDIA PIONEERING INNOVATIONS INDEX + 15% MSCI ACWI INFORMATION TECHNOLOGY INDEX TRI.
Harish Krishnan will be the Fund Manager for the Scheme. Arjun Khanna will be the Dedicated Fund Manager for investments in foreign securities.


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Mutual Funds' Asset Base Rises Marginally To Rs 25.68 Lakh Crore In Sep Quarter

Closed-Ended Mutual Funds , hybrid mutual funds
Mutual Funds' Asset Base Rises Marginally To Rs 25.68 Lakh Crore In Sep Quarter
Mutual Funds' Asset Base Rises Marginally To Rs 25.68 Lakh Crore In Sep Quarter


The mutual fund industry asset base saw a marginal one percent increase in the July-September quarter to Rs 25.68 lakh crore against the preceding three months, mainly on account of increase in the valuation of stocks due to corporate tax cuts. According to Association of Mutual Funds in India (Amfi), the asset under management (AUM) of the industry, comprising 44 players, stood at Rs 25.50 lakh crore at the end of June quarter.



The total asset base of all the fund houses put together was at Rs 24.31 lakh crore in July-September a quarter of 2018-19.

In recent months, the mutual fund industry has been grappling with redemption pressures in the wake of debt crises at various groups, including IL&FS, Essel and DHFL.


Fund managers said that the industry assets have remained stable in the July-September period of 2019-20 and a slight rise in quarterly AUM could be attributed to a rise in valuation of stocks due to a reduction in corporate tax by the government.



"The increase in quarterly AUM is mainly due to the increase in the valuation of stocks due to corporate a tax cut," said Omkeshwar Singh, head of mutual fund distribution business at Samco.


Kaustubh Belapurkar, Director-Manager Research at Morningstar said, "Overall industry assets have remained stable. But we have witnessed that many of the smaller asset management companies (AMCs) have lost assets which have migrated to the larger AMCs.


"Additionally, AMCs which had investments in some of the stressed credits have also witnessed outflows from these funds," he said.
In terms of asset size, HDFC MF continued to lead the pack with an AUM of Rs 3,76,597 crore (excluding fund of funds) at the end of the September quarter, followed by ICICI Prudential MF (Rs 3,48,068 crore) and SBI MF (Rs 3,20,663 crore).

The overall share of assets managed by the top 10 AMCs (by AUM) is marginally up from 82.83 percent to 83.66 percent.



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Investors Are Moving From Real Estate To Mutual Funds For Higher Returns

Closed-Ended Mutual Funds , growth mutual funds
Investors Are Moving From Real Estate To Mutual Funds For Higher Returns
The wealth management area in the Republic of India has witnessed vital changes terribly the very short span of your time. To begin with, the important estate sector that was undeniably one in every of the foremost wanted investment choices until recently has lost its former shininess.

One of the explanations cited for this is often demonetization. However besides this, they come on investments from the important estate had already been on a gradual slump even  within the most favorable Indian cities.


Investors are invariably moving towards higher alternatives to spice up their overall returns. One clear winner during this regard has been the mutual funds business. Investment company finance has seen enhanced capitalist engagement lately. The convenience and ease of finance, in conjunction with the likelihood of a comparatively higher come on investment may be attributed to its quality. As per the AMFI information, assets managed by the Indian investment company business underwent a growth of 7.72% from July 2018 to July 2019 to square at Rs 25.81 trillion; quite half that belonged to individual investors.

Several factors are the same to be chargeable for this alteration. additionally to AMFI's 'Mutual Fund Sahi Hai' campaign, aspects just like the ease and access to investments thanks to digitization have additionally helped in boosting participation during this business. 


Not too long ago, mutual fund investment was perceived to be for the rich alone. But now with ample awareness around the subject, the focus has shifted to make it a more inclusive affair. The growing penetration of smartphones coupled with affordable high-speed internet has made investing simple and convenient for the masses. In addition to this, the entry of big players in this market backed with digital channels to penetrate the B30 cities has helped bring MF investing to the masses.

The notion that one required a large sum of money to be able to start investing has been thwarted with the offering of investment options that now start with amounts as low as Rs 100. This initiative by the Asset Management Companies (AMCs) has enabled first-time investors and investors from B30 cities to participate extensively in mutual funds. Such was the impact of this move that in July 2019, nearly 23 percent of the individual mutual fund assets were registered from the B30 cities of India.

Initiatives by AMFI and Investment Advisors to promote direct plans have worked well to instill investor confidence. Investor education and awareness programs run parallelly by the AMFI have enabled the financial services ecosystem to change with investors deconstructing their investing habits and taking on direct investing plans. This is evidenced by the increased investments in direct plans by retail investors which grew by 2 percent to stand at 12 percent in July 2019 as compared to the previous year, as per AMFI.

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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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RBI slashes rates for 5th consecutive time; top 10 takeaways from MPC statement

Closed-Ended Mutual Funds , growth mutual funds
RBI slashes rates for 5th consecutive time; top 10 takeaways from MPC statement
The Reserve Bank of India’s monetary policy committee, as expected, slashed policy rates for the fifth time in a row on October 4, but the quantum was lower than market expectations.

The Indian rupee and bond prices fell after the RBI announced a cut in repo rates by 25 basis points to 5.15 percent. The Indian market also pared gains, while rate-sensitive stocks turned negative. But, the big takeaway is that the central bank and the government are in sync on the policy response to revive faltering growth in Asia’s third-largest economy.


“RBI has once again proved to be well ahead of the curve in unleashing monetary efficacies to combat the economic slowdown, in perfectly complementing the fiscal initiatives,” Dr K. Joseph Thomas, Head Research-Emkay Wealth Management

“In conformity with this aggressive approach, RBI is likely to continue with its campaign for more rapid transmission of the benefits to credit users, through lower rates to a large extent linked to the base rate.”

Top 10 takeaways from the fourth bi-monthly monetary policy statement, 2019-20:

1.       Rate cut
2.       Stance
3.       Inflation
4.       GDP growth
5.       Majority decision
6.       Monetary Transmission
7.       Lending limit increased for NBFC-MFIs
8.       Offshore rupee markets
9.       Liquidity support for NEFT
10.   Internal ombudsman for large non-bank Prepaid Payment Instrument (PPI) issuers


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SBI Fixed Maturity Plan (FMP) - Series 19 (1115 Days) Floats On

Closed-Ended Mutual Funds , dividend mutual funds
SBI Fixed Maturity Plan (FMP) - Series 19 (1115 Days) Floats On
SBI Mutual Fund has unveiled a new fund named as SBI Fixed Maturity Plan (FMP) - Series 19 (1115 Days), a close-ended debt scheme. The tenure of the scheme is 1115 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 30 September 2019 to 07 October 2019.


The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.

The scheme offers a regular and direct plan. Both the plans will have growth option and dividend payout will be default facility.

The scheme will invest 60%-100% of assets in debt and invest up to 40% of assets in money market securities with low to medium risk profile.

The minimum application amount is Rs 5000 and in multiples of Re. 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme.

Entry and exit load charge will be nil for the scheme.

Benchmark Index for the scheme is CRISIL Medium Term Debt Index.

The fund manager of the scheme is Ranjana Gupta.


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Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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Know About Open-Ended and Closed-Ended Mutual Funds

Closed-Ended Mutual Funds , dividend mutual funds
Know About Open-Ended and Closed-Ended Mutual Funds
Mutual funds are differentiated using a lot of factors, one of which is categorizing it structure-wise. That divides mutual funds into 2 categories; Open-ended and closed-ended. The fundamental difference between the 2 arises when we talk about flexibility and ease of sale. Here’s what they are;

Open-ended Mutual Funds

These are the kind of mutual funds that do not trade in the open market. They don’t carry any limit as to how many units they can issue. Their NAV changes every day according to the market and the prices of the stocks and shares in the fund. These funds are traded on-demand at their NAV which depends on its underlying securities and is estimated at the end of each day. If you want to buy its units you need to buy it directly from the fund. Open-ended fund investments are priced at the fair market value which is the closing market value of listed public securities. Also, these funds don’t have any fixed maturity period.


Why open-ended mutual funds are beneficial;

● They are highly liquid since you can redeem them anytime.
● The past performance of these assets is easily available, so you can easily make a well-informed decision of investing in these.
● It is a good option for salaried employees since these can initiate SIPs into the fund of your choice.

Closed-ended Mutual Funds

Closed-ended mutual funds issue a fixed number of units that are then traded in the stock market. These are launched through NFO and then bought or sold in the stock market like a regular stock. The value of this kind of a mutual fund is based on the NAV, but the actual price is decided by demand and supply since it is traded at a higher or lower price than its real value. So these funds can be bought and sold at premiums or discounts to their NAVs. The units are bought and sold through a broker and have a fixed maturity period.

Here are a few advantages of dealing in closed-ended mutual funds;

● The investors are not allowed to redeem closed-ended mutual funds except when the maturity date expires. Hence, it helps investors have a stable asset base which does not have any frequent redemptions. This helps the investor make a profitable investment strategy without having to worry about inflows and outflows.

● These funds trade in the market almost like equity shares. This gives an opportunity to the investors to buy or sell the units at the real-time price which can be above or below the NAV. In order to trade, investors can also use stock trading strategies like margin trading or limit orders.

● The investors can enjoy both liquidity and flexibility with closed-ended funds. That can use real-time prices to sell and buy their funds according to the market. Also, since real-time information is available of all the stocks, the investors have the flexibility to decide what to do with their investments.


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Capitalstars is a SEBI registered investment advisor. Schedule a call with Capitalstars investment consultant or drop a mail at backoffice@capiltalstars.in and we will get in touch with you. You may also call us on 9977499927

Investment trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance. CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
For more details call on 9977499927 or visit our website www.capitalstars.com
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LATEST STOCK UPDATES

Investors can directly buy mutual funds on stock exchange

Capitalstars investment advisor Till now investors looking to buy directly had to go to a fund house website or independent websites. ...