Sebi to shift buyback route from bourses to companies directly

The board of markets regulator Sebi on Tuesday agreed to change the buyback process to make it more investor-friendly, and introduced a new category of brokers with enhanced risk-mitigating measures. Sebi will also introduce a new platform to invest in direct plans of mutual funds. It changed rules that would enhance the board & governance … Read more

Mutual fund growth reverses to mean after 2021 sprint, shows data

Growth of mutual funds (MFs) subsided in 2022 as the equity market struggled to inch up. Until November this year, the industry has added 5.8 million investors, compared with 6.8 million in the corresponding period last year. The assets under management has risen by Rs 2.6 trillion during the period, down 63 per cent from … Read more

Inside Zerodha’s race to become the Vanguard of India’s stock market

India’s $442 billion asset management industry is finally having to reckon with the passive investing juggernaut. After decades of sluggish growth, the number of accounts invested in index-tracking or exchange-traded funds more than doubled to 5.6 million in the year to April. Passive products now account for nearly a quarter of equity assets under management … Read more

Franklin Templeton MF’s 6 shut schemes generate Rs 13,789 cr since closure

Franklin Templeton Mutual Fund on Sunday said its six shut schemes have received Rs 13,789 crore from maturities, pre-payments and coupon payments since closing down in April. Franklin Templeton MF shut six debt mutual fund schemes on April 23, 2020 citing redemption pressures and lack of liquidity in the bond market. The schemes — Franklin … Read more