UTI investors to sell multi-bagger AMC stock
The third IPO from India’s mutual industry is worth ₹2,160 crore.
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Hedge funds’ AUM falls to $3.31 trillion in Q12020
The economic fallout caused by the Covid-19 pandemic has significantly impacted the hedge fund industry with AUM falling below $3.50 trillion for first time since Q4-2018, says Preqin.
Net redemptions in credit risk funds drop 81.5%
Mutual funds industry body AMFI cites the central bank’s ₹50,000 crore special liquidity facility for the development.
RBI opens special liquidity facility for MFs
The central bank announces ₹50,000 crore special liquidity facility for mutual funds to help debt funds tide over market disruptions caused by Covid-19.
When fear overtakes greed
Franklin Templeton India has closed six yield-oriented schemes—which accounted for 63.4% of its total debt-oriented funds’ average AUM. It links the closure to Covid-19-related market dislocations.
China’s road to recovery could be lengthier
Weak external demand and people’s high level of vigilance against a possible ‘second wave’ of infection seem to drag on the recovery of the Chinese economy, says the Pictet Group.
Mutual funds’ AUM declined 18% in March
AMFI data reveals that industry’s net AUM fell over ₹4.96 lakh crore over February, and down nearly 5% compared to March 2019.
Global gold ETF inflows surge in March quarter
According to the World Gold Council, global gold-backed ETFs added 298 tonnes during January-March 2020, the highest quarterly addition since 2016.
Overnight funds in the fast lane
With more than quadrupled average net assets under management and doubling of investor folios in the last 10 months, overnight funds are witnessing hyper growth among debt mutual funds.
Mutual fund AUM touches record high in May
Assets under management of the mutual funds industry jumped to ₹25.94 lakh crore last month.
