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MF Weekly: MFs see Rs 36,000 cr inflow in Nov; Rs 3 lakh-cr in Apr-Nov

SMC | 26 Dec, 2016  | Follow Author | Add to my Favourites 
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Highlights:


MFs see Rs 36,000 cr inflow in Nov; Rs 3 lakh-cr in Apr-Nov


Investors pumped in over Rs 36,000 crore into various mutual fund schemes in November, with equity and debt schemes cornering the maximum inflow. With this, the total net inflow in MF schemes reached Rs 3.03 lakh crore in April November of the current fiscal. MFs had witnessed an inflow of Rs 1.84 crore in the same period last year. According to the data from the Association of Mutual Funds in India (Amfi), investors poured in a net Rs 36,021 crore in these schemes last month as against Rs 32,334 crore in the preceding month. The latest inflow has been mainly driven by contribution from income fund or debt schemes. Besides, equity ones continued to see positive inflows. Income funds, which invest in government securities, saw an inflow of Rs 18,306 crore while equity- and equity linked saving schemes registered an infusion of Rs 9,079 crore. Balanced funds, which invest in equity and debt instruments, saw an inflow of Rs 3,632 crore. However, gold exchange traded funds (ETFs) saw a pullout of Rs 69 crore during the period under review.


Sundaram Mutual Fund introduces Smart Nifty 100 Equal Weight Fund


Sundaram Mutual Fund has launched the Sundaram Smart Nifty 100 Equal Weight Fund, an open ended growth scheme. The NFO opens for subscription on December 26, 2016 and closes on January 09, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000. The scheme’s performance will be benchmarked against NIFTY 100 Equal Weighted Index and its fund managers are Shiv Chanani and Madanagopal Ramu. The investment objective of the scheme is to invest in companies which are constituents of NIFTY 100 Equal Weighted Index (underlying Index) in the same proportion as in the index and endeavour to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to 2% tracking error.


HDFC Mutual Fund files offers document for MSCI India Domestic ETF.


HDFC Mutual Fund has filed offer document with SEBI to launch an open ended exchange traded fund as “HDFC MSCI India Domestic ETF”. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be Nil for the scheme. Presently the Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 10 Crores. The scheme will be benchmarked against MSCI India Domestic Index. The minimum application amount is Rs 5,000 per application and in multiples of Re 1 thereafter. The investment objective of the scheme is to provide investment returns that, before expenses, closely correspond to the total returns of the Securities as represented by the MSCI India Domestic Index subject to tracking errors


Reliance Mutual Fund introduces Dual Advantage


Reliance Mutual Fund has launched the Reliance Dual Advantage Fixed Tenure Fund X-Plan D, a close ended income scheme. The NFO opens for subscription on December 23, 2016 and closes on January 07, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 per option and in multiples of Re 1. The scheme’s performance will be benchmarked against a mix of 80% Crisil Composite Bond Fund Index & 20% Nifty 50 Index and its fund managers are Sanjay H. Parekh and Anju Chajjer. The investment objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure


UTI Mutual Fund introduces Long Term Advantage Fund Series V


UTI Mutual Fund has launched the UTI Long Term Advantage Fund Series V, a close ended ELS scheme. The NFO opens for subscription on December 22, 2016 and closes on March 29, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 500 and in multiple of Rs 500. The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equity-related instruments of companies along with income tax benefit


ICICI Prudential AMC announces activation of CAMS


ICICI Prudential Asset Management Company has announced changes in SID and KIM of all the schemes of ICICI Prudential Mutual Fund. The Computer Age Management Services (CAMS), the Registrar and Transfer Agent of the fund, is opening Official Point of Acceptance of Transactions (OPAT) at the below mentioned address with effect from January 07, 2017. New Addresses: CAMS Service Centre, Hirji Heritage, 4th floor, Office No. 402, Above Tribhovandas Bhimji Zaveri (TBZ), L.T. Road, Borivali (West), Mumbai - 400 092. Email id: [email protected] All the other provisions of the SID/KIM of the schemes remain unchanged.


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