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Reliance MF CPSE ETF issue gets oversubscribed by four times
Reliance Mutual Fund CPSE ETF issue, which was opened for Anchor investors today, got oversubscribed by over 4 times, raising Rs. 6,000 crore, by anchor investors. The issue saw anchor investors putting in Rs. 6,000 crore against Rs. 1,500 crore reserved for them. Nomura, Morgan Stanley, SBI, LIC, Axis Bank and Birla MF are some of anchor investors for the issue which had base size of Rs. 4,500 crore with provision to retain over—subscription of upto Rs. 1,500 crore

OMCs could prove to be dark horses: UTI MF
In a chat with ET Now, Swati Kulkarni, UTI Asset Management, says does not expect great growth in IT in the near term.

Earnings recovery will be the biggest trigger this year: Motilal Oswal MF
In a chat with ET Now, Gautam Sinha Roy, VP & Fund Manager, Motilal Oswal AMC, says this will be the year of earnings recovery for the broader index.

Infra may disappoint short term, but can be a long term multi bagger: Sundaram Mutual
We believe Indian economy will be on track in the second half of the year and it is a good time to pick quality midcap stocks with a 3-5 year horizon, says Sunil Subramaniam,, chief executive officer, Sundaram Mutual in an exclusive interview

For double digit returns, equities may be the only option: Prashant Jain, HDFC MF
In an exclusive interview with ET Now’s Nikunj Dalmia, Prashant Jain, ED & CIO, HDFC AMC, says the sensex is up 30% in eight years while nominal GDP is up 2.5 times. So market cap to GDP in India is pretty attractive.

Budget, elections and Trump to set the tone for markets: Kotak MF
In a chat with ET Now, Pankaj Tibrewal, SVP & Fund Manager-Equities, Kotak Mutual Fund, says once there is clarity on earnings, markets will form a bottom and then move upwards from there on.

Kotak Mahindra AMC launches Flex SIP/STP
Kotak Mahindra AMC has announced the launch of Flex SIP/STP (F-SIP/STP), the mutual fund house said in a statement. This smart investment facility allows investors to take advantage of market movements by investing higher when the markets are low. The F-SIP/STP is based on the trailing Price-to-Equity ratio (P/E) of Nifty 50 Index. The amount to be transferred on each instalment of Flex SIP will be determined on the basis of the P/E band of Nifty 50 Index. If the P/E ratio is greater than 15, then the specified amount gets invested; if the P/E ratio is less than or equal to 15, then the default amount which is 3 times the F-SIP amount or the specified amount in the application form Valuation wise, the P/E ratio of Nifty 50 Index at 15 is an attractive or cheap zone. Therefore, investing more in this phase will ensure better wealth creation over a period of time, the note said. Historical evidence suggests it occurs only around 30 per cent of the time. Hence, it is unlikely to put undue pressure on the day-to-day finances of the investor.

It’s time for more sophisticated products: Nilesh Shah, Kotak MF
This has been a phenomenal year for the mutual fund industry. There has been a meaningful expansion in equity flows, number of folios, systematic investments, beyond-top-15-cities (B15) applications and assets under management. In all these parameters, the addition was what the entire size of the industry was a few years ago. We are witnessing a J curve effect decades after the foundation was laid by the Securities and Exchange Board of India (Sebi), distributors and asset management companies (AMCs). Fund performance has been mostly reasonable across debt, equity and hybrid categories.

Uncertainty is an investor's biggest opportunity: Raamdeo Agarwal, MO-AMC
In an interview with Nikunj Dalmia of ET Now, Raamdeo Agrawal, MD & Co-Founder, Motilal Oswal AMC, says the economy will find its own momentum going forward and these uncertain times are the best time to build portfolios.

Opportunity in banking, HFC stocks is perpetual: Raamdeo Agarwal, MO-AMC
In a chat with ET Now, Raamdeo Agrawal, MD & Co-Founder, MOFSL, says India is not fully banked, it needs a lot of credit to be lent, a lot of mortgages to be underwritten. The opportunity is huge.

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