Page 12 - mutual-fund-insight - Mar 2021_Neat
P. 12
FUND REPORTER
Mutual fund industry sees net -\UK THUHNLY JOHUNL
outflows in January Schemes Existing Î New
The mutual fund industry saw SBI Long Term Advantage Fund Series VI Anup ICICI Prudential Equity Savings Fund Sankaran
net outflows of `35,500 crore in Upadhyay Î Gaurav Mehta & R. Srinivasan Neren, Kayzad Eghlim, Prakash Gaurav Goel, Manish
Banthia & Ritesh Lunawat Î Kayzad Eghlim,
January 2021. Open-end equity SBI Magnum Children’s Benefit Fund - Savings Prakash Gaurav Goel, Manish Banthia &
funds saw net outflows of `9,200 Plan Rajeev Radhakrishnan Î R. Srinivasan & Ritesh Lunawat
Rajeev Radhakrishnan
crore. Barring sectoral/thematic
ICICI Prudential Bluechip Fund Anish Tawakley &
funds and dividend-yield funds, IIFL Dynamic Bond Fund Ankur Parekh Î Rajat Chandak Î Anish Tawakley, Rajat
Rahul K Nambiar
all categories observed net Chandak & Vaibhav Dusad
outflows. IIFL Liquid Fund Ankur Parekh Î Rahul K ICICI Prudential Infrastructure Fund Sankaran
Nambiar
Open-end debt funds observed Naren & lhab Dalwai Î lhab Dalwai
net outflows of `33,400 crore, ICICI Prudential Dividend Yield Equity Fund Mrinal ICICI Prudential Multicap Fund Sankaran Naren &
Singh & Mittul Kalawadia Î Mittul Kalawadia
with liquid funds witnessing the Rajat Chandak Î Rajat Chandak
maximum net outflows among ICICI Prudential Focused Equity Fund Mrinal Singh ICICI Prudential Manufacture in India Fund Anish
& Mittul Kalawadia Î Prakash Gaurav Goel &
debt funds. Despite delivering Tawakley & Mittul Kalawadia Î Anish Tawakley &
Mittul Kalawadia
negative returns in January, Lalit Kumar
ICICI Prudential Value Discovery Fund Mrinal Singh
short-duration funds saw ICICI Prudential Business Cycle Fund Anish
Î Sankaran Naren & Dharmesh Kakkad
maximum net inflows, of `6,900 Tawakley, lhab Dalwai & Manish Banthia Î Anish
ICICI Prudential Bharat Consumption Fund - Tawakley, lhab Dalwai, Manish Banthia & Lalit
crore, amongst open-end debt
Series 2 Mrinal Singh Î Roshan Chutkey Kumar
funds.
ICICI Prudential Retirement Fund - Hybrid ICICI Prudential Growth Fund - Series 2 Mrinal
Aggressive Plan Mrinal Singh, Ashwin Jain, Manish Singh & Mittul Kalawadia Î Mittul Kalawadia
SC allows distribution of cash in Banthia & Anuj Tagra Î Ashwin Jain, Manish
Franklin’s shutdown schemes Banthia & Anuj Tagra ITI Banking & PSU Debt Fund George Heber Joseph
& Milan Mody Î George Heber Joseph &
On February 2, 2021, the ICICI Prudential Retirement Fund - Hybrid Vikrant Mehnta
Supreme Court allowed distribu- Conservative Plan Mrinal Singh, Ashwin Jain, Manish ITI Arbitrage Fund George Heber Joseph & Milan
tion of `9,122 crore (distribut- Banthia & Anuj Tagra Î Ashwin Jain, Manish Mody Î George Heber Joseph & Vikrant
Banthia & Anuj Tagra
able surplus as of January 15, Mehnta
2021) in Franklin’s shutdown ICICI Prudential Retirement Fund - Pure Debt Plan ITI Overnight Fund George Heber Joseph & Milan
Mrinal Singh, Ashwin Jain, Manish Banthia & Anuj
schemes amongst the unithold- Mody Î George Heber Joseph & Vikrant
Tagra Î Manish Banthia & Anuj Tagra
ers in proportion to their hold- Mehnta
ICICI Prudential Retirement Fund - Pure Equity
ings, subject to the fund-running Plan Mrinal Singh, Ashwin Jain, Manish Banthia & ITI Liquid Fund George Heber Joseph & Milan Mody
expenses. The apex court had Anuj Tagra Î Ashwin Jain, Manish Banthia & Î George Heber Joseph & Vikrant Mehnta
appointed SBI Mutual Fund to Anuj Tagra
carry out this exercise. ICICI Prudential ESG Fund Mrinal Singh Î
Importantly, the distribution of Lakshminarayanan K. G.
the money should preferably be
Estate fund to Global Excellence
carried out within 20 days from details of the facility – Retail
Equity Fund of Fund with effect
the date of the said order. Direct – will be issued soon.
from February 12, 2021.
For the complete timeline of
the Franklin crisis, see the Bhanu Katoch resigns from JM Nippon India Mutual Fund
‘Newswire’ section at www.valu- Financial AMC Changes the exit load of Growth
eresearchonline.com. Bhanu Katoch has resigned from Fund to 1 per cent for redemption
the position of CEO of JM
Retail investors to soon get direct Financial AMC with immediate within 30 days.
access to G-secs effect. He had been associated quant Mutual Fund
In its February Monetary Policy with it since October 2006. Merges Dynamic Bond Fund and
Committee meeting, the RBI pro- Money Market Fund into Liquid
posed to allow retail investors to (UUV\UJLTLU[Z Plan with effect from February
open gilt-securities accounts Aditya Birla SL Mutual Fund 13, 2021.
online with the central bank. The Changes the name of Global Real
10 Mutual Fund Insight March 2021
Subscription copy of [sabareesan.nair@gmail.com]. Redistribution prohibited.
