Mutual fund investment via SIP rises 3.2% to ₹8,246 crore in October

• The total SIP contribution in the first 7-month of the current financial year rose to ₹57,607 crore as compared with ₹52,472 crore in Apr-Oct 2018
• SIP contribution in Oct stood at ₹8,246 crore, which was 3.2% higher than the ₹7,985 crore clocked in the same month last year

Passive mutual funds set to beat active funds for second year

• A sharp correction in mid and small cap stocks, coupled with mega caps becoming larger, has led to underperformance of most active fund managers

What stocks India’s top three mutual funds bought and sold last month

• HDFC Mutual Fund held about $22 billion in equities
• Financials accounted for 34% of stock assets

How to decode mutual fund returns

• Know what to look for and what to discount while assessing the past performance of a mutual fund
• In the absence of rolling return data, look at calendar year performances and trailing returns

How concentrated is your mutual fund portfolio?

Here is a list of mutual funds with the highest concentration of top 10 holdings

Sebi taps finance ministry over new tag for foreign-owned MFs

• Fund houses have not tinkered with their portfolio as Sebi has assured them that their concerns would be looked into
• At present, the Sebi Act exempts mutual funds from investment vehicle provisions

Inflows into equity mutual fund schemes decline 52% in October: Amfi

• On a monthly basis, inflow into equity mutual funds was down 10.25% from ₹6,728.02 crore in September
• These schemes saw an inflow of ₹6728.02 crore in September

Equity mutual fund inflows fall to lowest in four months

• But inflows through mutual fund SIPs remained steady
• Overall, the mutual fund industry saw an inflow of ₹1.33 trillion across all fund products

Sebi asks MFs to report any changes in terms of investments to rating agencies

• Sebi has asked mutual fund houses to inform credit rating agencies immediately about any changes in terms of investments, along-with reasons for such changes
• Earlier, fund houses were required to inform the same to valuation agencies only

The problem of plenty in your financial portfolio

• Don’t overdose on unwarranted MFs, FDs, bank accounts and insurance policies
• Over-diversification in mutual fund schemes could make it difficult to keep a tab on performance

It is not advisable to have an aggressive MF portfolio for shorter time frame

• If you are going to be adding funds to your SIP, I would suggest that you bring in an ultra short-term bond fund or a savings (debt) fund into the mix to the extent of 20-30% of the allocation
• You may also bring in a diversified fund to provide more diversity to your holdings

Aadhaar-based eKYC return may boost MF growth

Mint takes a look at the process and its benefits in comparison to the traditional method that relies on physical document verification

How securities ownership in demat form is transmitted after holder's death

If no nomination has been made, then on the death of the sole holder or all the joint holders of a demat account, the legal heirs have to make a request for transmission of the beneficial ownership to their name

Mint50: Hand-picked mutual funds to build your portfolio

Mint50, a curated basket of investment-worthy funds, is the result of an exhaustive exercise that blends in various parameters with the aim of getting you the best combination of risk and returns

Sebi revives eKYC procedure for mutual fund investors

• Unlike the previous version of eKYC, which had a limit of investment up to ₹50,000, the regulator did not specify any upper monetary limit in its latest notification
• The move can pave the way for a major expansion of the mutual fund industry

Is your mutual fund buying or selling stocks too much?

• If the portfolio turnover is greater than 100%, that typically means that the manager has churned the portfolio once over, completely
• A high turnover is not necessarily bad, but a consistently high turnover is not desirable unless the inherent strategy of the scheme calls for a high churn

Does past performance matter in selecting mutual funds?

• Studies show past performance is not a sufficient condition when selecting a fund
• Evaluate the portfolio construction and management to understand the risks in the scheme

Power of compounding can accelerate the growth rate in mutual fund investments

• As small saving done consistently over a long period of time accumulates in large corpus
• You need monthly saving of close to ₹13, 000 to achieve both the targets, assuming average returns of 12%

Mutual fund houses approach Sebi with 125 new schemes in 2019 so far

• Many mutual fund companies are also looking at index funds and global funds
• The 44 player mutual fund industry manages assets to the tune of more than ₹25 lakh crore

Ind-Ra downgrades Voda Idea debt to one notch above junk, 31 MF schemes exposed

• India Ratings downgraded the telecom major's long-term issuer ratings on NCDs worth ₹3,500 cr
• Ind-Ra downgraded Vodafone Idea's rating to IND BBB from IND A plus and simultaneously placed it on rating watch negative