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On 24th January, Franklin Templeton Mutual Fund side pocketed its holdings of Vodafone Idea debt. side pocketing is the creation of a separate portfolio in lieu of troubled debt. Existing investors will benefit from recovery in the bad debt through this separate portfolio while fresh investors will not. The NAV of the schemes will not change since Franklin Templeton MF has already written down the full value of the Vodafone debt. The fund house had previously, on 16th January written down the value of the affected paper completely. It had also imposed a restriction of ?2 lakh per day per investor into the affected schemes. This restriction has now been lifted, according to a spokesperson from the AMC.

For an individual distributor, the revenue per customer may go down due to a reducing TER. Meanwhile, his ability to service more clients will go up due to technology, says Kailash Kulkarni, CEO, L&T Mutual Fund

“The growing expectation is that the economy is growing slowly and the government will have something to revive it. So be it in the form of taking sentimental steps like abolition of long-term capital gains tax or by giving personal income tax cut to some level of salaried class to boost the economy,” says Jinesh Gopani, head-equities, Axis Mutual Fund in an interview with Avneet Kaur of ETMutualFunds.com .

laying the widening gap between the valuations of large and small cap stocks, IDFC Mutual Fund has announced the launch IDFC Emerging Businesses Fund, its small cap fund. The fund will be managed by Anoop Bhaskar. The New Fund Offer (NFO) will run from February 3th to February 17th and being open ended the fund will be available for subscription thereafter.

DSP Mutual Fund has revised the exit load under DSP Bond Fund, from 0.25% for redemption within 180 days to Nil with effect from February 01, 2020.

L&T Mutual Fund proposes to change the name of L&T Cash Fund to L&T Overnight Fund with effect from February 01, 2020.

HSBC Mutual Fund has announced dividend under the following schemes:

Axis Mutual Fund has announced dividend under the following schemes:

Edelweiss Mutual Fund has decided to merge Edelweiss Tax Advantage Fund with Edelweiss Long Term Equity Fund (Tax Savings). This merger will be effective from February 26, 2020.

High valuations of large-sized companies, limited universe of midcap stocks and a certain amount of uncertainty in earnings’ growth in the small-cap space warrants investments in multi cap schemes as they provide the flexibility to fund managers to shift investments among various market capitalisations depending upon valuations and clarity of earnings growth.

Axis Mutual Fund today announced the launch of its Environment, Social and Governance (ESG) Fund, joining the ranks of mutual funds cottoning on to this trend. The Axis move was preceded by two other major launches in recent years. SBI Mutual Fund reclassified its equity fund as an ESG Fund during the industry wide reclassification exercise of 2018.

An interview with Akash Singhania, Fund Manager, Motilal Oswal Midcap 30 on the outperformance of the fund, the risk taken on, and more

Axis Mutual Fund has launched Axis All Season Debt FoF, a debt fund of fund. The new fund offer (NFO) closes for subscription on 22nd January. The All Season Debt FoF will invest in funds across fund houses and different categories of the debt market to generate optimal returns over the medium term. The FoF will be manged by R Sivakumar, Head-fixed income, Axis Mutual Fund.

While the market may still consolidate at current levels, looking ahead, the mid and smallcap basket can give relatively better returns than the largecap basket, says Harsha Upadhyaya, CIO- Equity, Kotak AMC. Excerpts from an interview with ETNOW.

The New Fund Offer (NFO) of Nifty Next 50 ETF launched by Mirae Asset Mutual Fund (MF) on January 13, 2020 will close on January 21, 2020. The benchmark index of the open-ended fund will be Nifty Next 50 Total Return Index that consists of 50 large cap companies which are next half of Nifty 100 Index apart from the top stocks that are part of Nifty 50.