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Foreign Direct Investment (FDI) on an Upward Trajectory in India

Foreign Direct Investment (FDI) on an Upward Trajectory in India

FDI inflows have steadily increased in the last few months. In May 2021, FDI inflows touched the highest level at $9,140 million since September 2020. FDI inflows have steadily increased after February 2021 which recorded outflows of $2,881 million. March 2021...

Share of Individual Investor Assets Increase to 53.8%

Share of Individual Investor Assets Increase to 53.8%

The individual investor category includes retail and high net worth (HNI) investors. As per data released by AMFI, the share of individual investor assets in the mutual fund industry increased by 3.3% in June 2021 to 53.8%, compared to a year ago. The value of assets...

Delayed Monsoon Causes Worry For Policy Makers

Delayed Monsoon Causes Worry For Policy Makers

The monsoon season in India is not only important for the agriculture industry but also for policymakers as it has an impact on the consumer and wholesale price indices. Due to the delayed southwest monsoon, the sowing of Kharif crops’ progress has also been weak....

Gross Domestic Product (GDP) Growth Estimated at 22%: RBI

Gross Domestic Product (GDP) Growth Estimated at 22%: RBI

In its July bulletin, The Reserve Bank of India (RBI) announced that for the April to June 2021 quarter real GDP growth may have been at 22.1%. Contributing factors to this estimate include the controlled second wave and aggressive vaccination drives which have...

India’s Financial Wealth to Grow by CAGR of 10% Till 2025: BCG

India’s Financial Wealth to Grow by CAGR of 10% Till 2025: BCG

The pandemic has caused havoc on economies all over the globe, however, India has fared well despite the turmoil faced. According to a recent report released by Boston Consulting Group (BCG), India’s financial wealth has grown by 11% per annum from 2015-2020 to $ 3.4...

Winding Up of Franklin Debt Schemes

Winding Up of Franklin Debt Schemes

Total distribution under the 6 wound-up schemes of Franklin Templeton till date stands at INR 17,778 crore rupees and the payment of the fifth tranche has been announced by SBI MF which will take place in the week following 12th July 2021. The fifth tranche will...

Bonds Rally Post Reserve Bank of India (RBI) Governors Announcement

The RBI governor in an interview said “Any hasty withdrawal of monetary policy support will negate the nascent or incipient recovery that is taking place.” Due to the indication that the accommodative stance is likely to continue, bonds rallied on 8th July 2021. It...

Rupee Value Further Depreciates by 15 Paisa

Rupee Value Further Depreciates by 15 Paisa

As of 16th June 2021, the rupee value was 73.27 and had been holding around this level for the last 10 days, post which it started depreciating gradually. As of 2nd July 2021 the rupee depreciated by 20 paise to 74.75, on 5th July 2021 it closed 43 paise higher before...

Some of the Fastest Growing Mutual Funds are Quant, Trust, and ITI

Some of the Fastest Growing Mutual Funds are Quant, Trust, and ITI

The mutual fund (MF) market has been witnessing lots of traction over the last few months. In Q1 (2022), the top 3 mutual funds witnessing an increase in Assets Under Management (AUM), in percentage term, have been Quant MF, Trust MF, and ITI MF of 127%, 37%, 32%...

AMFI Reclassifies Seven Companies to Large Cap Space

AMFI Reclassifies Seven Companies to Large Cap Space

In the recent semi-annual evaluation of stocks by The Association of Mutual Funds in India (AMFI), 7 companies were reclassified from the mid-cap to large-cap space. The reclassified list will be applicable from August 2021 to January 2022 and fund managers have been...

Rise in Credit Amongst Vaccination Surge

Rise in Credit Amongst Vaccination Surge

India has currently been able to vaccinate 55.8 million individuals with both doses and 267.5 million individuals with the first dose as per data on the CoWin dashboard. Furthermore, the number of daily doses administered reached an all-time high of 9 million on 21...

Just 1.93% Growth in Real Estate Prices During FY21

Just 1.93% Growth in Real Estate Prices During FY21

The Indian residential real estate market has not been doing well for some time now. According to the Reserve Bank of India’s House Price Index (RBI HPI) the average annual growth rate for FY 2020-21 was 1.93% as compared to 23.75% in FY 2011-12 when the index...

Navi Mutual Fund to Wind Up One of its Funds

Navi Mutual Fund to Wind Up One of its Funds

Navi Mutual Fund (Navi MF), which is owned by Flipkart co-founder Mr. Sachin Bansal, announced on Monday 15 June 2021 the winding up of its arbitrage fund. The primary reason for windup is due to the low assets accumulated, Rs. 14.16 Lakhs as of 31 May 2021 due to...

Investors’ Preference for Equity Mutual Funds on the Rise

Investors’ Preference for Equity Mutual Funds on the Rise

Due to the onset of the COVID pandemic, equity mutual funds had witnessed outflows of INR 2,22,854 crore between February and March 2020. Outflows continued for 8 months between July 2020 to February 2021 to the extent of INR 46,791 crore on account of uncertainties...

SEBI Raises Overseas Investment Limit For Mutual Funds

SEBI Raises Overseas Investment Limit For Mutual Funds

The Securities and Exchange Board of India (SEBI) has raised the limit for overseas investment to $1 billion per mutual fund within the overall industry limit of $7 billion with immediate effect. This decision comes following requests from the mutual fund industry to...

SEBI Penalises Franklin Templeton & It’s Senior Officials

SEBI Penalises Franklin Templeton & It’s Senior Officials

Franklin Templeton (FT) had announced winding up 6 of its debt schemes in April 2020 citing redemption pressures and lack of liquidity due to COVID 19. The Securities and Exchange Board of India (SEBI) during its investigation has found serious lapses in the...

Higher Inflows Seen in Gold Funds and Sovereign Gold Bonds (SGBs)

Higher Inflows Seen in Gold Funds and Sovereign Gold Bonds (SGBs)

Recent data indicates that investors have started accepting electronic means of investment in Gold versus holding physical gold. Electronic investment in Gold offers benefits of ease of investment, liquidity and no risk of purity. Due to these factors, Gold Open Ended...

Mutual Fund Update June 2021: Winding up of Franklin Debt Schemes

Mutual Fund Update June 2021: Winding up of Franklin Debt Schemes

Franklin Templeton Mutual Fund had disbursed INR 9,122 crore in February 2021, INR 2,962 crore in April 2021, and INR 2,488 crore as part of the first, second and third payment tranches respectively. Fund distribution is being overseen by SBI Funds Management Pvt....

Overall Impact of COVID 2nd Wave Not Likely to be Large: CEA

Overall Impact of COVID 2nd Wave Not Likely to be Large: CEA

COVID has been causing uncertainty in the markets since its onset in 2020. The second wave was particularly alarming in which there was a steep rise in cases to a point where the per day case count went over 4,00,000. Furthermore, there was a severe deficit of oxygen...

Mutual Fund Update: Credit Risk Funds Top Performance Charts

Mutual Fund Update: Credit Risk Funds Top Performance Charts

Over the last year, despite the COVID pandemic, Credit Risk Funds, in the debt fund category, have given the highest returns during the last one year period, averaging at 9% p.a. Credit risk funds take significant exposure (at least 65%) to ‘not so high quality’...

SIP Investments Continue Momentum Despite the Second Wave of COVID

SIP Investments Continue Momentum Despite the Second Wave of COVID

Investors have not been deterred by the second wave of COVID 19 and continue to invest in mutual funds through SIPs (systematic investment plans). In spite of the number of new SIP registrations in April 2021 falling by 15.7% as compared to March 2021, the number of...

Name Change of IDFC Dynamic Equity Fund

Name Change of IDFC Dynamic Equity Fund

IDFC Mutual Fund has announced that the name of its scheme IDFC Dynamic Equity Fund has been changed to IDFC Balanced Advantage Fund with effect from 3rd May 2021. The scheme continues to remain an open-ended dynamic asset allocation fund investing inequity,...

Winding Up of Franklin Debt Schemes

Winding Up of Franklin Debt Schemes

Franklin Templeton Mutual Fund has already disbursed INR 9,122 crore in February 2021 and INR 2,962 crore in April 2021 as part of the first and second payment tranches respectively. The Supreme Court-appointed SBI Funds Management Pvt. Ltd. in February to oversee the...

Mutual Fund Update – Winding Up of Franklin Debt Schemes

Mutual Fund Update – Winding Up of Franklin Debt Schemes

Franklin Templeton Mutual Fund has already disbursed INR 9,122 crore in February 2021. The assets in the six shutdown schemes were worth around INR 26,000 crore on the day they were frozen and the NAV now exceeds the values as of 23rd April 2020.  As of 15th April...

Gold: A Solid Investment 

Gold: A Solid Investment 

Gold has always been considered as a very attractive asset class for Indian households. Now it is becoming an investing tool as well, as investors have started adding gold in their portfolio as part of asset allocation. This we can see from the data shared by AMFI as...

India’s Debt-To-GDP Ratio On The Rise

India’s Debt-To-GDP Ratio On The Rise

The International Monetary Fund (IMF) today said India's Debt-to-GDP ratio increased from 74% to 90% during the COVID pandemic. It was also noted that the Debt-to-GDP ratio is expected to reduce to 80% with the assumption that in the medium term there will be healthy...

RBI Holds Repo Rate

RBI Holds Repo Rate

RBI announced that the repo rate will remain unchanged at 4% for the 5th consecutive period after the meeting of the Monetary Policy Committee (MPC). The reverse repo rate and marginal standing facility and bank rate also remain unchanged at 3.35% and 4.25%...

Spike in Covid Cases Results in Market Correction

Spike in Covid Cases Results in Market Correction

India recorded its highest case count for a 24 hour period at over 1 lakh fresh COVID cases evoking fear that the second wave is here. This is the highest daily spike since the pandemic started in India; during the first wave, the highest daily rise was reported on...

Why Gold and Silver are Shining Despite Lower Demand

Gold has always been considered a safe haven whenever there is a crisis-like situation in the world. Gold has already given 38% returns to date whereas silver has delivered a 35% return to date during the year. The main reason for this trend is that investors around...

Voda-Idea Ltd. Pays Dues: Franklin Major Beneficiary

Voda-Idea has paid its dues in full against the securities held by mutual funds that matured on Friday 10th July 2020. The total amount received by the fund houses is as follows: Franklin Templeton India: Rs 1252 cr. UTI Mutual Fund: Rs 166 cr. Nippon India Mutual...

Select Sectors Being Favoured by FIIs

Select Sectors Being Favoured by FIIs As reported by us earlier, FIIs have turned bullish on India this month investing more than Rs. 35,000 crore. There are select sectors, which have found favors this time - telecommunications, auto, construction, and media. The...

FIIs Turn Buyers in Indian Equity Markets

FIIs Turn Buyers in Indian Equity Markets

Foreign Institutional Investors (FIIs) were big sellers in both Indian equity and debt markets in March 2020, when the COVID 19 pandemic started spreading and the lockdown was announced. Aggregate sales by FIIs were to the tune of about Rs. 125,000 crore. However,...

Voda-Idea Makes Interest Payment to Mutual Funds

Vodafone Idea Limited has made the interest payment due on 12th June 2020 on its debt security which is maturing on 10 Jul 2020. The payment has been received by several mutual funds like Franklin, Nippon India, UTI, and Aditya Birla. Franklin Templeton has received...

Government of India Announces Fiscal Stimulus

Prime Minister Modi made a bold announcement of fiscal stimulus aggregating Rs. 20 lakh crore to fight the impact of coronavirus on the Indian economy. This amount is approximately 10% of GDP and the fifth-largest stimulus announced globally. Govt has already...

India Proposing Tax Holiday for up to 10 Years for New Investments

Ministry of Trade, Govt of India, is proposing a tax holiday for companies bringing in new investments in India as the government explores measures to support the economy amid the coronavirus pandemic.  The proposal is currently under consideration by the Finance...

!!Impact of RBI Special Liquidity Measures!!

A week ago, the Reserve Bank of India (RBI) announced a special liquidity measure of Rs 50,000 crore for the mutual fund industry, and the Association of Mutual Funds India (AMFI) on May 3 claimed that net redemptions under Credit Risk Funds have dropped 81.5 percent....