Mutual fund companies are finding themselves in a tight spot with the Association of Mutual Funds in India (AMFI), the nodal industry body, advising the asset management companies to be proactive in applying “the standard hair-cut matrix on sub-standard investment-grade debt securities without waiting for rating agencies to downgrade them.”
The mutual fund sector is a densely populated area by all kinds of investors and plans. For a beginner, it is important to be well versed with the fundamentals and proceedings before embarking on their investment journey.
Sensex reported small losses while nifty ended almost flat. Broader market witnessed selloff amid volatile crude oil prices and expiry of April F&O contracts. World equity markets slipped amid global growth worries.
Net inflows into equity mutual funds jumped by as much as 130% from a net inflow of Rs 5,122 cr. in February 2019. Balanced funds faced a higher net outflow of Rs 3,181 cr. in March 2019, versus an outflow of Rs 1,077 cr. in the month prior.
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