| | SEPTEMBER 20238In August, inflows into equity mutual funds increased. In August, the category received Rs 20,245.26 crore, compared to Rs 7,625.96 crore in July. Except for large cap funds, focused funds, and ELSS funds, most equity fund categories saw inflows in August.The sectoral/thematic category received the highest inflows of Rs 4,805.81 crore among equity mutual fund categories. Since the last three months, inflows have been directed to the sectoral/thematic category. Investors were also drawn to the small cap category. In August, the category received a total inflow of Rs 4,264.82 crore, up from Rs 4,171.44 crore in July.Focused funds saw the highest outflow of Rs 471.10 crore. The focused fund category has been witnessing outflows since the last five months. Large cap category witnessed an outflow of Rs 348.98 crore. The category has been witnessing outflows for the last four consecutive months.In the debt mutual fund category, overnight funds, floater funds, corporate bond funds, long duration funds, gilt funds, dynamic bond funds, and money market funds saw inflows. Money Market Funds saw the smallest inflow of Rs 91.49 crore.In August, liquid funds saw the highest outflows of Rs 26,823.68 crore, compared to inflows of Rs 51,938.41 crore in July. Outflows from Ultra Short Duration funds totaled Rs 4,123.23 crore.In the debt mutual fund category, the overnight funds category received the most inflows. The category received Rs 3,158.37 crore in inflows. Floater funds saw the second highest inflow of Rs 2,324.61 crore, following a Rs 2,000.49 crore inflow in July. IDFC First Bank, a private sector lender, announced on Sept 11 that US-based GQG Partners had purchased 5.07 crore shares of the bank from MD and CEO V. Vaidyanathan in a block trade transaction."The bank has been duly informed that the proceeds of the sale, net of STT and other brokerage charges of Rs 478.7 crore, will be used for subscribing to fresh shares of the Bank through option exercise, payment of related income tax, and contribution to specific pre-committed social causes," IDFC First Bank said.Vaidyanathan received stock options as part of the Capital First and IDFC Bank merger in December 2018. As these options are about to expire, he exercises them by paying the exercise price."Furthermore, Capital First was an entrepreneurial venture, and the options have increased in value over the years as a result of Capital First and IDFC FIRST Bank's progress." As a result, he must also pay income tax on the increase in the market value of the options over the option grant price as of the date of exercise. "He has executed the sale of the above-mentioned shares to finance the same," IDFC First Bank said.Because of this transaction, Vaidyanathan's shareholding in IDFC FIRST Bank will increase from 0.58 percent as of June 30, 2023 to 1.04 percent of the bank's paid-up capital.Furthermore, including unconverted options, his shareholding amounts to 1.23 percent of the bank's total share capital. MUTUAL FUNDS EQUITY WITNESSES SURGE IN INFLOW IN AUGUSTINDOSPACE SECURES $150 MILLION INVESTMENT FROM QATAR INVESTMENT AUTHORITYIN FOCUSIN FOCUS
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