#mutual_fund

MF asset base touches fresh high of Rs. 11 lakh cr in Oct…

The mutual fund industry’s assets under management (AUM) climbed to record high of nearly Rs. 11 lakh crore in October on the back of strong capital inflows and surge in equity markets.

The country’s 45 fund houses together had an average AUM of Rs. 10,95,653 crore at the end of October 31, 2014, up from Rs. 9,59,415 crore in the preceding month, according to the data by Association of Mutual…

World Stock Market News…

The dollar surged to a three-week high, bond yields rose and gold fell on Thursday after the US Federal Reserve ended its six-year quantitative easing bond-buying programme.

The decision was widely expected, but a relatively hawkish tone to the accompanying statement was not. It prompted financial markets to rethink the growing consensus that the Fed’s first interest rate hike would be late in…

Debt mutual funds see outflow of Rs. Rs 67,318 cr in Sept…

Fund managers have shown strong preference for equity schemes over debt as the ‘money market’ category saw a massive outflow of over Rs. 67,000 crore in September. In comparison, equity mutual fund (MF) schemes attracted a net amount of Rs. 7,789 crore during the month.

As per the latest data available with the Association of Mutual Funds in India (AMFI), debt-oriented MF schemes (liquid or…

World Stock Market News…

U.S. stocks surged with major indexes up more than 1 per cent in a broad rally, as strong results from industrial bellwethers reassured investors that corporations continue to fare well despite concerns about global economic growth.

The advance continued a recent bout of strength for equities. The S&P 500 has posted a gain of 0.9 per cent or more in four of the past five sessions, putting it…

Market Outlook…

Last week, Indian equity market remained highly volatile with sector specific movements as Bankex was strong with gain of 3.1% while IT witnessed correction of 3.9%. There was a sharp rally in banking stocks on the back of falling crude, lower than estimated inflation (6.5% CPI, 2.4% WPI), lower probability of US interest rate hike in near term and higher probability of positive outcome in state…

Fund house assets dip 5% to 9.59 lakh cr in Sept…

The assets under management of the mutual fund industry slipped by 53,409 crore last month to 9.59 lakh crore, as against 10.12 lakh crore logged in August.

The industry witnessed a net outflow of 69,664 crore last month as against 13,035 crore in August, according to the Association of Mutual Funds in India data. Redemption from liquid funds, which are short-term in nature, increased…

Fund raising via institutional investors crosses Rs. 20K cr during April-Sept…

Fund raising via institutional investors seems to be gaining traction among Indian firms, with the total amount mopped-up through this route crossing Rs. 20,000 crore-mark in the first half of the current fiscal. According to a report by Prime Database, companies have raised Rs. 20,589 crore through Qualified Institutional Placement (QIP) and Institutional Placement Programme (IPP) routes during…