Tag: credit mutual funds

Most Debt Mutual Funds witness good inflows – of course except for credit category !

Asset under Management data as on 29th May’20 (last working day of the month) shows that most of the debt mutual fund schemes witnessed good growth on a month-on-month basis – as illustrated below. Category wise AUM for May’20 : Category NameAUM as on May end (Crs)% Change (m-o-m)Liquid Fund4,95,04522%Short Duration Fund94,8284%Corporate Bond Fund91,6576%Banking and PSU Fund89,37613%Overnight Fund86,6385%Low Duration Fund77,1573%Ultra Short Duration Fund72,4575%Money Market Fund63,95115%Floater Fund32,4313%Credit Risk Fund30,262-16%Medium Duration Fund19,878-8%Dynamic Bond Fund17,0661%Gilt Fund16,28419%Medium to Long Duration Fund9,9203%Long Duration Fund2,31418%Gilt Fund […]

“Ripple effect” of Franklin upheaval

As it being covered so extensively in all media, the shutdown of six debt schemes by Franklin Templeton can have far reaching implications. The article examines the immediate and mid-term ripple effect of the Franklin upheaval. A) Impact on portfolio companies of credit focused funds : While a lot has been written about the pain fund investors will have post this stress , an aspect which has gone un-noticed is the impact on portfolio companies. Mutual funds normally try to […]

Big gets Bigger: Investor’s flight-to-safety moment boosts Big-3 AMC’s market

Indian debt mutual fund industry is witnessing its very own flight-to-safety moment as investors are shifting capital from smaller AMC to the larger ones. A closer look at the data of Association of Mutual Funds in India (AMFI) for March’19 & March’20 reveals that – in most of the debt-fund categories, top three AMC by AUM viz. SBIMF , HDFCMF and ICICI Prudential MF(IPru) have made significant gains in market share. For instance, in the liquid fund category, which constitutes […]

Credit focused Mutual Funds – Analysis of structural issues

“Temple” is how the fund house that announced lock-down on six debt funds was referred to in common market lingo. If Franklin was “Temple”, its famed CIO was nothing short of a “Demi-god” of Indian Credit Bond Market. However, the recent incident proves that there exist certain structural issues and till these are resolved no power can ensure stability of Credit focused mutual funds in India. In this article we have tried to highlight these issues and have also offered […]

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