Latest news with #ITIMutualFund
Time of India
16-07-2025
- Business
- Time of India
Indian fund managers line up long-short equity funds for wealthy
At least ten Indian and foreign asset managers plan to launch higher-risk, long-short equity funds to wealthier investors after the regulator approved the strategy earlier this year, according to executives at these firms and public filings. The new category of investment funds were first announced last year as a way to offer sophisticated investors a wider range of options. Under the new rules, which kicked in on April 1, Indian mutual funds can now offer long-short equity funds - where fund managers take both long- and short-positions - under a new category called "Specialised Investment Fund" (SIF) with a minimum investment size of 1 million rupees ($11,663.51). Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo ICICI Prudential Mutual Fund, Quant Mutual Fund, SBI Mutual fund and ITI Mutual Fund are already approved to launch the product, according to public disclosures and spokespeople of these firms. The CEOs of Edelweiss Mutual Fund and Mirae Asset Investment Managers, a unit of South Korea's Mirae Asset Financial Group, are awaiting approval to launch a hybrid long-short fund and an equity long-short fund respectively, they confirmed to Reuters. Nippon India mutual fund is awaiting approval to launch a long-short fund. Live Events "We see a lot of potential in this category similar to what we have seen in alternative investment funds who have been able to amass assets with these long-short strategies," said Jatinder Pal Singh, CEO of ITI Mutual Fund. India's 48 asset managers manage 72.20 trillion rupees in assets. Hedge funds and quant firms such as AlphaGrep Investment Management, Abakkus Asset Management, Carnelian Capital, and Ask Investment Managers have applied for mutual fund licences, a prerequisite for launching SIFs, executives at these firms said, declining to be named. The funds did not respond to Reuters emails seeking details. SIFs allow fund managers more independence to structure their funds, said Ashish Gupta, chief investment officer at Axis Mutual Fund, also awaiting regulatory approval to launch SIFs. INSTITUTIONAL PARTICIPATION IN DERIVATIVES These funds are also permitted to trade derivatives and could help increase institutional participation in the derivatives market, where the regulator is seeking to widen the investor base and reduce speculation. "Potentially this could help in reducing the speculative nature of options trading but would depend on strategies being rolled out and how much assets they get," Gupta said. Global trading firms have increased their presence in India's growing derivatives market in the last year, but institutional participation from Indian funds is limited. Proprietary traders made up 52.3% of total derivatives traders as of April, with retail at 33.6%, while domestic institutions - which include mutual funds - made up only 0.2% of total derivative traders, NSE data showed. ($1 = 85.5450 Indian rupees)
Time of India
07-07-2025
- Business
- Time of India
Market fairly valued, all eyes on credit uptick and demand revival: Alok Ranjan
"Earlier rural sector was not doing well. Now rural sector based on good monsoon and good crop, it is shaping up quite well and also urban sector is not doing that well but things will revive there also, festival season is coming, maybe two-three months from now," says Alok Ranjan , ITI Mutual Fund. What is your sense on the market? While there is a big question mark still on tariff. One was hoping that July 9th would finally be the grand finale, but does not seem to be the case. What cues do you think are going to push the markets forward now? Alok Ranjan: See, if you see valuations , so in terms of valuation markets is almost fairly priced. And if you see our GDP growth and inflation, then nominal GDP growth has come down below 10% and maybe it will be remaining around 9% to 9.5% because if you see, 6.5% GDP growth and 3% inflation, so that is what we are expecting. Because of that there is no demand pull in the market although government has done a lot and also RBI has cut interest rates, so a lot of things have happened. So going forward maybe it will have some positive impact. But as of now, we are just bracing for good days to come. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kulkas yang belum Terjual dengan Harga Termurah (Lihat harga) Cari Sekarang Undo But markets are also looking forward to the earnings as well. This time not much expectation that they already building in. But give us your sense, any sectors that you are keenly watching out for which can really be the outperformers this time. Alok Ranjan: I mean consumer sector is going to do well and that is what we all have seen in the numbers also panning out. But what I am really watching keenly is banking and financial services sector because credit offtake has gone down and it has come down to almost 9% and it is very difficult to imagine that it can go down further. So, based on that, things will start improving from hereon and if you can see six months beyond from now, then maybe we will get credit offtake around 11% or 12% and that is what most of the banks also are talking about. So, depending on how do you want to position your portfolio, maybe financial services or sometimes banking can become quite attractive for one to two years perspective from hereon. But within the consumption basket, what is giving comfort to you right now? Is it the beaten down valuations at this point in time or is it the kind of numbers that the companies are already coming out with because for now we are just seeing that the companies are having a growth in single digit as well. So, any particular segment within the consumption basket you want to flag off. Alok Ranjan: I mean, if you see classical portfolio theory, it can be a good time to buy stocks when they are not looking very attractive and future looks better. So, if you see this consumption sector, it has not given much return in the last three years and also, if you see growth is almost bottoming out and if you see recent numbers, then things are looking much better than what it has done in the past, so based on that and also as I said, government's focusing is on consumption. Live Events Earlier rural sector was not doing well. Now rural sector based on good monsoon and good crop, it is shaping up quite well and also urban sector is not doing that well but things will revive there also, festival season is coming, maybe two-three months from now. So, based on all this, things can look much better than what they are looking right now. And, of course, valuation has corrected, over last two-three years if you see valuation, then it has corrected quite a bit. So, maybe it can be a good time to look into consumer sector. From your latest fact sheet, I understand that you are overweight on healthcare. Could you tell us within the healthcare basket, what are you liking at the moment? Is it hospitals? Is it diagnostics? Where are you placing your bets? Alok Ranjan: Hospitals are looking quite good. They have done quite well in the last two-three years and still the track is quite big where companies can perform and we have definitely got good talent in India and story is panning out quite well. Lot of patients are coming from outside because of our cost competitiveness and at the same time our quality is quite good. So, based on all this, healthcare sector is looking quite good and that is where we are overweight in the past and it will continue. Similarly, what is it that you would currently recommend avoiding in the market, where you do not see either earnings growth or there is valuation discomfort? Alok Ranjan: See, capital goods sector where right now we are overweight, it has done quite well in the last three-four months. It was kind of a contrarian bet and that has worked out well. But unless and until growth comes up, that is where things may be fairly priced now. Basically, my view is that one has to be bottoms-up in this market. There are not very clear pockets of undervaluation where one can just go whole hog and invest and remain overweight, at the same time there are not very expensive sectors also but there might be some pockets. Like it is also looking fairly priced. Capital goods, I mean, stock to stock one can take a call but valuations are definitely they have become quite rich. Let us be a little more specific now. In terms of your latest additions and deletions if you can just help us with some more sectors that you want to flag off because we did talk about FMCG, IT, and consumption basket. But other than that, any of your latest additions and deletions you want to mention? Alok Ranjan: I think cement sector is going to do quite well, so that is something looks good. Then, automobile sector, it has not done well, but going forward it is going to do much better. Interest rates are going to be down and also I am expecting maybe one or two more rate cut post October, November when in US also most possibly we are going to have some rate cuts. So, automobile sector can be looked into at current valuations. IT sector could be another opportunity but that is where again things are looking a bit circumspect and maybe we will have one or two quarters of lull based on whatever is happening in US, but that is where also we can get some opportunity because valuations have started kind of looking attractive.
&w=3840&q=100)
Business Standard
10-06-2025
- Business
- Business Standard
Inflow into equity MFs hits 13-month low at Rs 19,000 cr in May
Inflow in equity mutual funds slumped to its lowest level in 13 months to Rs 19,013 crore in May, with large-cap, mid-cap and small-cap funds experiencing lowered inflows, primarily triggered by profit booking by investors. This also marks the fifth consecutive month of decline in inflow in equity funds and nearly 22 per cent drop in net inflow on a month-on-month basis from Rs 24,269 crore registered in April, according to data released by the Association of Mutual Funds in India (Amfi) on Tuesday. Despite the deceleration, May marked the 51st consecutive month of positive flows into equity-oriented schemes, reflecting sustained investor confidence. Also, systematic investment plan (SIP) contributions remained robust, registering a record Rs 26,688 crore in inflows in May, higher than Rs 26,632 crore in the preceding month. Overall, the mutual fund industry experienced an infusion of over Rs 29,000 crore in May compared to Rs 2.77 lakh crore in the preceding month. The inflow has lifted the industry's assets under management to a record Rs 72.2 lakh crore as of May from Rs 70 lakh crore in April-end. According to the data, equity-oriented mutual funds saw an inflow of Rs 19,013 crore in May, making it the lowest level since April 2024, when such funds experienced an inflow of Rs 18,917 crore. Such funds witnessed an inflow of Rs 24,269 crore in April, Rs 25,082 crore in March, Rs 29,303 crore in February, Rs 39,688 crore in January, and Rs 41,156 crore in December. "The slowdown in net equity inflows can be attributed to several factors, including a rise in equity market performance in May 2025, and a potential phase of consolidation or profit booking by investors. "Additionally, rising global volatility -- triggered by geopolitical tensions following India's launch of Operation Sindoor against Pakistan and ongoing concerns over global inflation -- fuelled a risk-off sentiment among certain investors," ITI Mutual Fund CEO Jatinder Pal Singh said. Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, also attributed the slowdown in equity inflows to a mix of factors -- a less buoyant equity market in May compared to April, concerns around global economic headwinds, and a possible consolidation phase or profit booking in the domestic equities following sharp rallies in the previous months and stretched valuations. While the equity markets continued their upward momentum in May, gains were relatively subdued. Within the equity fund categories, Flexi Cap Funds recorded the highest inflows in May, attracting Rs 3,841 crore. However, equity-linked saving schemes saw an outflow of Rs 678 crore. Besides, value funds and dividend yield funds experienced an outflow of Rs 92 crore and Rs 21 crore, respectively. Large-cap funds witnessed inflows of Rs 1,250 crore in May, a decline from Rs 2,671 crore in April. Mid-cap funds saw inflows reducing to Rs 2,808 crore in May, compared to Rs 3,313 crore in the previous month. Similarly, small-cap funds attracted Rs 3,214 crore in May, down from Rs 3,999 crore in April. "Large-cap allocations have cooled sharply as investors are recalibrating their risk-reward expectations. The relatively modest decline in small and mid-cap inflows suggests that the appetite for growth stories remains intact, though tempered by valuation consciousness. The pause should help earnings catch up with prices and create healthier entry points," Anoop Vijaykumar, Head of equity, Capitalmind MF, said. Apart from equities, gold exchange traded funds (ETFs) recorded a net inflow of Rs 292 crore in May, an improvement from the marginal outflow of nearly Rs 6 crore in April. On the other hand, debt funds registered an outflow of Rs 15,908 crore in the month under review after seeing a staggering inflow of Rs 2.2 lakh crore in April. "This was primarily driven by a big swing in net flows in debt-oriented schemes. A net inflow of Rs 2.19 lakh crore in April and May 2025 saw a net outflow of just under Rs 16,000 crore in debt schemes mainly at the shorter end of maturity as monetary easing was widely expected," Harshad Patwardhan, Chief Investment Officer at Union Asset Management Company, said. Corporate bond funds were the only category to see a big jump in net inflows as investors positioned themselves ahead of the policy announcement.
The Hindu
10-06-2025
- Business
- The Hindu
Inflow into equity MFs hits 13-month low at ₹19,000 crore in May
Inflow in equity mutual funds slumped to its lowest level in 13 months to ₹19,013 crore in May, with large-cap, mid-cap and small-cap funds experiencing lowered inflows, primarily triggered by profit booking by investors. This also marks the fifth consecutive month of decline in inflow in equity funds and nearly 22% drop in net inflow on a month-on-month basis from ₹24,269 crore registered in April, according to data released by the Association of Mutual Funds in India (Amfi) on Tuesday (June 10, 2025). Despite the deceleration, May marked the 51st consecutive month of positive flows into equity-oriented schemes, reflecting sustained investor confidence. Also, systematic investment plan (SIP) contributions remained robust, registering a record ₹26,688 crore in inflows in May, higher than ₹26,632 crore in the preceding month. Overall, the mutual fund industry experienced an infusion of over ₹29,000 crore in May compared to ₹2.77 lakh crore in the preceding month. The inflow has lifted the industry's assets under management to a record ₹72.2 lakh crore as of May from ₹70 lakh crore in April-end. According to the data, equity-oriented mutual funds saw an inflow of ₹19,013 crore in May, making it the lowest level since April 2024, when such funds experienced an inflow of ₹18,917 crore. Such funds witnessed an inflow of ₹24,269 crore in April, ₹25,082 crore in March, ₹29,303 crore in February, ₹39,688 crore in January, and ₹41,156 crore in December. 'The slowdown in net equity inflows can be attributed to several factors, including a rise in equity market performance in May 2025, and a potential phase of consolidation or profit booking by investors. 'Additionally, rising global volatility – triggered by geopolitical tensions following India's launch of Operation Sindoor against Pakistan and ongoing concerns over global inflation – fuelled a risk-off sentiment among certain investors,' ITI Mutual Fund CEO Jatinder Pal Singh said. Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, also attributed the slowdown in equity inflows to a mix of factors – a less buoyant equity market in May compared to April, concerns around global economic headwinds, and a possible consolidation phase or profit booking in the domestic equities following sharp rallies in the previous months and stretched valuations. While the equity markets continued their upward momentum in May, gains were relatively subdued. Within the equity fund categories, Flexi Cap Funds recorded the highest inflows in May, attracting ₹3,841 crore. However, equity-linked saving schemes saw an outflow of ₹678 crore. Besides, value funds and dividend yield funds experienced an outflow of ₹92 crore and ₹21 crore, respectively. Large-cap funds witnessed inflows of ₹1,250 crore in May, a decline from ₹2,671 crore in April. Mid-cap funds saw inflows reducing to ₹2,808 crore in May, compared to ₹3,313 crore in the previous month. Similarly, small-cap funds attracted ₹3,214 crore in May, down from ₹3,999 crore in April. 'Large-cap allocations have cooled sharply as investors are recalibrating their risk-reward expectations. The relatively modest decline in small and mid-cap inflows suggests that the appetite for growth stories remains intact, though tempered by valuation consciousness. The pause should help earnings catch up with prices and create healthier entry points,' Anoop Vijaykumar, Head of equity, Capitalmind MF, said. Apart from equities, gold exchange traded funds (ETFs) recorded a net inflow of ₹292 crore in May, an improvement from the marginal outflow of nearly ₹6 crore in April. On the other hand, debt funds registered an outflow of ₹15,908 crore in the month under review after seeing a staggering inflow of ₹2.2 lakh crore in April. 'This was primarily driven by a big swing in net flows in debt-oriented schemes. A net inflow of ₹2.19 lakh crore in April and May 2025 saw a net outflow of just under ₹16,000 crore in debt schemes mainly at the shorter end of maturity as monetary easing was widely expected,' Harshad Patwardhan, Chief Investment Officer at Union Asset Management Company, said. Corporate bond funds were the only category to see a big jump in net inflows as investors positioned themselves ahead of the policy announcement.
