Mumbai: India’s capital markets regulator has ordered local mutual fund managers to stop accepting money in plans that invest in overseas exchange traded funds (ETFs) as a $1-billion cumulative sectoral limit for such investments is close to being breached. The Reserve Bank of India (RBI) regulates the fund inflows and outflows involving locally pooled investments … Read more
Sanjay Shah, CMD, Prudent Corporate Advisory Services, says coming to the question about the impact of a switch on the trail or the remuneration which overall investors are getting, understand that there is no change as far as TR or expense ratio is concerned because otherwise also, the AMC used to pay trail to old … Read more
ET Intelligence Group: The systematic investment plan (SIP) route continues to attract new retail investors amid soaring equity benchmark indices with no signs of exasperation. New SIP accounts opened in February were 2.3 times more than the ones that were closed according to the data from the Association of Mutual Funds in India (AMFI). The … Read more
Small-cap funds received a quarter of the total inflows into equity mutual funds in 2023, compared with just 2.5% in 2021. The average inflows into small-cap funds doubled on year to ₹3,419 crore in 2023. Synopsis In December, small-cap funds added more than 935,000 folios, or accounts, data from the Association of Mutual Fund of … Read more
Mumbai: The Association of Mutual Funds in India (AMFI)’s small-cap stock classification formula is likely to face challenges in the upcoming semi-annual reclassification, especially given the significant uptick in stock prices and the listing of new companies. The market capitalisation of stocks in the small-cap category, as per the existing formula, surpasses $3 billion (₹25,000 … Read more
