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Clues by NC Team • 16 Apr 2019, Tuesday

Net Inflows into equity mutual funds rose to Rs 11,756 crore in March 2019, the highest in five months. Fund houses were aggressively buying insurance and power stocks, while selling oil and finance stocks in March. According to a report by Prabhudas Lilladher, insurance stocks, which included ICICI Pru Life Insurance, SBI Life Insurance, and HDFC Life Insurance were the most sought by mutual funds. Power stocks too, attracted fund managers. Infrastructure stocks, such as Larsen & Toubro and Sadbhav Engineering, were the top picks by MFs. Under consumers category, MFs bought Sheela Foam, Jubilant Foodworks, and Relaxo Footwears.

Read More at CNBC TV18
Clues by NC Team • 11 Apr 2019, Thursday

Markets regulator SEBI on Thursday notified revised guidelines for system audit to be conducted by mutual funds and asset management companies (AMCs). Besides, mutual funds (MFs)/ AMCs have been directed to constitute a technology committee entrusted with the task of reviewing the cyber security and cyber resilience framework for MFs and AMCs. The regulator has asked MFs and AMCs to conduct system audit on an annual basis by an eligible independent auditor. 

 

Read More at The Economic Times
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