Baroda Pioneer Mutual Fund launches Baroda Equity Savings Fund (BESF), an open-ended scheme from a sub-category of the hybrid fund. Equity Savings Fund as categorised by the market regulator, SEBI, is a Hybrid Fund. Meaning, it invests in equity and equity related instruments (including derivatives), debt & money market instruments, and would explore arbitrage opportunities.…

Mahindra Mutual Fund has launched Mahindra Hybrid Equity Nivesh Yojana (MHENY), an open-ended aggressive hybrid scheme investing in equity and equity related instruments and in debt and money market instruments. Aggressive Hybrid Funds were erstwhile balanced funds, that were supposed to have a 50:50 allocation to equity and debt. But the proportion of equity varied…

Graded exit load imposed on liquid funds might turn out to be a game changer. Moreover, as per the new rules, liquid funds now have to hold at least 20% of their assets in highly liquid assets such as cash, government securities, and repo. The comments of the Mahendra Kumar Jajoo, Head of Fixed Income…

Kotak Mutual Fund launches Kotak Focused Equity Fund (KFEF), an open-ended diversified equity scheme which will follow a focused approach of investing in equity and equity related instruments. As per SEBI regulations, a focused fund is not allowed to hold more than 30 stocks and invests a minimum of 65% of its assets in equity…

For mutual fund advisors and investors, timely review of the mutual fund schemes is an indispensable part of the journey of wealth creation and accomplishing financial goals. Just as you do regular medical check-ups to identify health problems, if any, and take remedial measures; reviewing the financial health of your portfolio is necessary. You simply…

In a caustic remark, SEBI chief Ajay Tyagi reminded mutual funds of their core objective, and rightly so. “Mutual funds investment is different from bank lending and it needs to have elements of safety as well as investment.” Mutual fund houses indeed gave a long rope to promoters of troubled companies at the cost of…

Indiabulls has launched yet another open-ended debt scheme, Indiabulls Overnight Fund. An Overnight fund is a category of debt scheme emerged after the SEBI’s recategorization norms. It has the shortest investment duration of one day and provides better returns than bank FDs and are more liquid. The interest rate risk involved therein is least or…

An increasing number of mutual fund houses are seeking SEBI’s nod for their passively managed NFOs. Smaller provident funds have been keen to invest in equity through passively managed funds, on the lines of EPFO, and mutual fund houses are making this an excuse to push more passively managed offerings now. But there’re more reasons…

On December 27, 2018, we had written about DHFL’s plan to sell its stake in the mutual fund business, and the impact on mutual fund investors. In just 3-4 months, DHFL had witnessed a severe drop in its credit rating from “AAA” to “D”. As you might be aware, DHFL Pramerica Mutual Fund was a joint venture…

Aditya Birla Sun Life Mutual Fund has launched an open-ended sectoral fund, Aditya Birla Sun Life Pharma and Healthcare Fund (ABSLPHF). The fund house has launched this scheme aligned to seek gains from government reforms introduced to push the growth of pharma and healthcare service sector. The fund house is of the view, that Indian…