Mutual Funds News share price target

While we continue to hold our constructive view on the sector, we believe flows to mutual funds may improve only in 2HFY21 and earnings will remain under pressure in FY21E FY20 was a difficult year for asset managers as equity flows deteriorated (-50.9% YoY), commissions increased (although managably), and performance deteriorated- as listed AMCs outperforming AUMs declined. Lastly, we have also worked out sensitivity of FY21E earnings to equity AAUMs and yields.

For the month ended March 31, 2020, returns of Nifty 50-TRI, Nifty Midcap 100 TRI & Nifty Small cap 100 TRI returns were negative 23.03%, 30.11% & 36.42% respectively. Although all the funds are negative in March, out of the 222 open-ended equity diversified funds, about 57% of the funds were able to outperform their respective benchmarks over the past one month, ended March 31, 2020. Previous month, 80% of the schemes were able to beat their benchmarks. For the 1- year ended March 31, 2020. The Nifty 50 TRI & Nifty Mid Cap 100 TRI &...

For the month ended March 31, 2020, returns of Nifty 50-TRI, Nifty Midcap 100 TRI & Nifty Small cap 100 TRI returns were negative 23.03%, 30.11% & 36.42% respectively. Although all the funds are negative in March, out of the 222 open-ended equity diversified funds, about 57% of the funds were able to outperform their respective benchmarks over the past one month, ended March 31, 2020. Previous month, 80% of the schemes were able to beat their benchmarks. For the 1- year ended March 31, 2020. The Nifty 50 TRI & Nifty Mid Cap 100 TRI &...

AUM of the mutual fund industry decreased by 18.2% MoM (Rs4.97 Lakh Cr) to Rs22.26 Lakh cr in March 2020. On QoQ basis, the total AUM of Mutual Fund decreased by 16.1%. This is the highest monthly decline in FY20. Average AUM (AAUM) of Mutual Fund industry decreased by 12.2% MoM & 9.4% QoQ....

Indian Equity Markets continued scaling to new high in December'2019 on the back of strong FII inflows, which were positive for 4 months in a row. FII flows in Indian equity remained positive in December'2019, taking total net flow to Rs.1 Lakh Crore for the whole of 2019, one of the highest in last 6 years. Mutual Funds saw highest ever monthly inflow into SIP's in December'2019 at Rs.8,518 Crore Vs. Rs.8,273 Crore in November'2019. Robust SIP flows are indicator of growing participation of Retail segment in equity investing. Consumption slowdown at both urban & rural level continued and NBFC sector...

Indian Equity Markets continued scaling to new high in December'2019 on the back of strong FII inflows, which were positive for 4 months in a row. FII flows in Indian equity remained positive in December'2019, taking total net flow to Rs.1 Lakh Crore for the whole of 2019, one of the highest in last 6 years. Mutual Funds saw highest ever monthly inflow into SIP's in December'2019 at Rs.8,518 Crore Vs. Rs.8,273 Crore in November'2019. Robust SIP flows are indicator of growing participation of Retail segment in equity investing. Consumption slowdown at both urban & rural level continued and NBFC sector...