Driven by investments in liquid schemes, the debt-oriented mutual funds witnessed a strong recovery in October attracting a net inflow of Rs 1.57 trillion after huge redemptions in the previous month.
It included 21 domestic mutual funds through a total of 83 schemes (34.42 per cent of the total allocation to anchor investors).
F&O trades and mutual funds are reportedly the focal point of the Securities and Exchange Board of India (SEBI) board meeting being held on Monday.
Equity funds saw Rs 38,239 crore inflows in August, a 3.03 per cent growth from Rs 37,113 crore witnessed in July.
The Securities and Exchange Board of India (SEBI) has proposed allowing Indian mutual funds to invest in overseas mutual funds or unit trusts that in turn invest a portion of their funds in Indian securities.
Franklin India Low Duration Fund and Franklin India Credit Risk Fund now have an outstanding borrowing of only 1 per cent and 4 per cent of their AUM respectively.
The amount will soon be distributed among the unit-holders of the concerned segregated portfolio.
The 20-member advisory committee on mutual funds is headed Usha Thorat, former deputy governor of Reserve Bank of India (RBI), a latest Sebi update showed.
The fund house said that Johnson’s remarks, made during their quarterly earnings, were quoted ‘out of context.
1. The asset manager blamed redemption pressures and lack of liquidity in the bond markets for the "voluntary" action. 2. Sapre said that the decision to wind up suite of six yield-oriented schemes was an extremely difficult one and taken only to protect investor interest.
