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Rising coronavirus cases and fears of a lockdown led to a knee-jerk reaction on D-Street on April 12, pushing the Sensex and the Nifty below crucial support levels. If the restrictions get extended to states other than Maharashtra, the trade will shift to defensives, Nilesh Shah, Managing Director, Kotak AMC, said in an interview with CNBC-TV18.

HSBC Mutual Fund has decided to merge HSBC Global Consumer Opportunities Fund with HSBC Asia Pacific (Ex Japan) Dividend Yield Fund. This merger will be effective from May 13, 2021.

Franklin Templeton Mutual Fund has informed investors in its six shuttered schemes that they will get a payout of Rs 2,962 crore from cash accumulated in the schemes next week. Earlier, the fund house had distributed Rs 9,122 crore in February. The payout will be handled by SBI Mutual Fund as directed by the Supreme Court of India.

S Krishna Kumar, chief investment officer--equity at Sundaram NSE -3.85 % Mutual Fund has resigned after a 17-year-stint at the fund house. Krishna Kumar is likely to start his own firm.

Franklin Templeton Mutual Fund on Friday said its commitment to India remains 'steadfast' and the fund house has no plans to exit its operations in the country.

Franklin Templeton Mutual Fund on Friday said its six shut schemes have received Rs 15,776 crore from maturities, pre-payments and coupon payments since closing down in April, 2020. The fund house shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.

Mirae Asset Investment Managers India has announced the completion of ten years of the Mirae Asset Great Consumer Fund on March 29th, 2021. The fund’s AUM has increased to Rs 1,140.20 crore as on 28th February, 2021. The number of folios in the scheme is 47,747. The fund has generated 16.81% returns since inception.

With a long innings at Aditya Birla Sun Life Asset Management Company since 2005, Mahesh Patil, CIO-Equity, has a track record of delivering strong returns through diverse stock-picking strategies in the large-cap segment. The fund house has a total of Rs 2.69 trillion in assets under management. Patil has the conviction that the long-term earnings growth potential of companies will drive Indian equity markets over the next three to five years, with brief adjustments or corrections along the way. However, he is not averse to Indian investors parking some money in international companies, especially in the digital space and disruptive sectors such as e-commerce.

We speak with Ajay Tyagi, Executive Vice President & Fund Manager - Equity at UTI AMC, to understand what he thinks about the Union Budget and the current market scenario. He also shares with us his investment philosophy and the reason why his Flexi Cap Fund has been overweight on pharma.

The fund's asset under management (AUM) has increased to ?1,140.20 crore as on 28th February 2021 with the scheme having 47,747 folios. ITC, Bharti Airtel, Hindustan Unilever, Maruti Suzuki, Britannia Industries, TVS Motor, Dabur India, Tata Consumer Products, HDFC Bank are some of the funds' holdings. This consumer fundhas given around 16% returns since inception as of 26th March 2021

Edelweiss Infrastructure Yield Plus (EIYP), an alternative investment fund from the Edelweiss Group, on Thursday snapped up a controlling 74 per cent stake in French utility Engie Group's solar assets in India for a reported USD 550 million. The Engie Group has 813 MW of operational solar assets in the country, and it plans to add up to 2 GW more over next couple of years, which once commissioned will be acquired by the EIYP, the fund said.

When you are looking for wealth creation through SIP in equity mutual funds, you have to take a 15-20 year view. There is no shortcut to success, says Nilesh Shah, Managing Director, Kotak AMC.

UTI Mutual Fund has revised the exit load structure of the following schemes, with effect from April 01, 2021, as under:

Kotak India Mutual Fund has decided to change the fund manager of Kotak Equity Savings Fund from Harish Krishnan, Abhishek Bisen and Hiten Shah to Devender Singhal, Abhishek Bisen and Hiten Shah with effect from April 01, 2021.

Aditya Birla Sun Life (ABSL) Mutual Fund has proposed to reset the maturity date of seven of its fixed maturity plans (FMP) that are coming up for redemption in the coming financial year between April 5 and April 20.