Fund managers News

Mutual fund managers' investment in equities declined by 27 percent to over Rs 51,000 crore in 2016-17 due to volatility in stock markets.

Mutual Fund managers seem to be bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.2 lakh crore at the end of February, primarily on account of cheaper valuations.

The pensions fund regulator PFRDA wants government to more than treble investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 percent from 15 percent now.  

Fund managers in Singapore saw a 9 percent increase in assets under management to S$2.6 trillion ($1.90 trillion) in 2015, buoyed by growth in the alternative asset sector, the city-state`s central bank said on Wednesday.

Mutual Fund managers remained bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.05 lakh crore at the end of August.

Insurance regulator PFRDA wants government employees to be given freedom to choose their fund managers and investment pattern for money invested in Atal Pension Yojana.

This was the first outflow since May 2014, when MFs had pulled out Rs 1,078 crore.  

Stating that Indian mutual fund industry has potential to grow as much as 100 times of its current size of about Rs 13 lakh crore, Puri said, "Indian fund managers are not very large, but they have been quite successful stock pickers."

Mutual fund managers continue to keep faith in equities, putting in nearly Rs 33,000 crore in April-June 2015, primarily driven by strong participation of retail investors.

Prime Minister David Cameron`s Conservatives won an unexpected majority in polls last month and are now seeking to renegotiate Britain`s relationship with the 28-member bloc ahead of a plebiscite.

Investments by mutual fund houses in software shares hit a four-month low of around Rs 34,000 crore at the end of April.

Retirement fund manager EPFO has retained its existing four fund managers SBI, ICICI Securities Primary Dealership, Reliance Capital and HSBC AMC for a three-year term, starting April 1, 2015.

Moreover, mutual fund houses are upbeat about overall inflows in equities and debt markets for the current financial year (2015-16) as well.

Retirement fund body EPFO is likely to appoint fund managers on March 11 for a three year term from April 1 and raise age limit for vesting of pension by two years to 60.

Retirement fund body EPFO is likely to appoint fund managers Thursday for a three year term from April 1 and raise age limit for vesting of pension by two years to 60.

Retirement fund body EPFO is likely to appoint fund managers Thursday for a three year term from April 1 and raise age limit for vesting of pension by two years to 60.

Retirement fund body EPFO's apex decision making body the Central Board of Trustees (CBT) is likely to appoint new fund managers on February 19 for 3-year term beginning April 1.

Six fund managers, including HSBC AMC, ICICI Prudential, Reliance Capital AMC and UTI AMC, have qualified in initial bids for managing EPFO funds for a three-year term beginning April 1.

Mutual fund managers raised their exposure in bank stocks to an all-time high of nearly Rs 63,000 crore in October this year amid a rally in the stock market.

Fund managers showed strong preference for equity schemes over debt as the 'money market' category saw a massive outflow of over Rs 67,000 crore in September.