MFs welcome SEBI move on close-ended schemes
Mumbai, Dec. 4 Fund managers welcomed Securities Exchange Board of India decision on Thursday making listing mandatory for close ended schemes of mutual funds, and disallowing early exit from these schemes. SEBI’s decision comes at a time
Mutual funds’ asset base drops 7% in Nov
Mumbai, Dec. 2 The mutual fund industry’s assets under management (AUM) fell seven per cent in November. The fall was led by a substantial decline in the asset bases of mid-sized mutual fund
MFs turn net sellers in November
Mutual Funds (MFs) have emerged as net sellers in November. Fund houses turned as net sellers in 12 of the 18 trading sessions in the month.
CD issues at a low
Primary issuance fell On Tuesday as mutual funds refrained from purchasing certificates of deposit (CDs) On Tuesday due to limited inflows in their fixed maturity plans, dealers said.
Corporate bond yields fall on fund buying
Yields fell up to 5 basis points today as mutual funds stepped up buying corporate bonds, noting inflows into their schemes, dealers said.
Sebi may tighten mutual funds norms
May bar premature withdrawals from fixed maturity plans.
Liquidity crunch eases for mutual funds
In response to liquidity problems faced by the mutual fund industry because of a surge in redemptions, RBI on October 14 announced a 14-day term repo facility to meet liquidity requirements of mutual funds. The facility was further extended till March 31 next year.
Banks invest over Rs 7K cr in CPs
Banks, for the first time, after the liquidity crunch in October, have invested over Rs 7,000 crore in commercial papers (CPs), mutual funds (MFs), bonds and stocks.
Liquidity crunch eases for mutual funds
Securities and Exchange Board of India, or Sebi, today said liquidity problems faced by mutual funds had eased, as borrowings by companies through the special window opened by the Reserve Bank of
Sebi asks AMFI to revamp debt MF norms
The Securities and Exchange Board of India, or Sebi, is all set to revamp mutual fund debt fund norms. CNBCTV18 has access to the Association of Mutual Funds in India, or Amfi, draft which will be submitted on Monday that calls for major changes for all debt funds including fixed maturity plans, or FMPs.