SBI Funds Management on Thursday said its mutual funds, portfolio management services and alternate investments funds have complied with GIPS (Global Investment Performance Standards).The company has been independently verified by ACA Performance services for April 2014 to March 2019 period, SBI Funds Management said in a statement.SBI Funds Management is a joint venture between India''s largest bank SBI and Amundi, one of the largest asset management company in Europe.GIPS is a set of standardised, industry-wide ethical principles that guide investment firms on how to calculate and present their investment performance to prospective clients. Although the adoption of GIPS is not mandated by regulation, it is considered best practice for investment advisors.

Sundaram Mutual Fund has announced 3.2000 per cent dividend under dividend payout option of scheme named as “Sundaram Large and Mid Cap Fund” on the face value of Rs 10 per unit. The record date for the dividend was January 21. The latest NAV of the scheme is Rs 18.28.The investment objective of the open ended equity diversified scheme is seek capital appreciation by investing in equity & equity related instruments.The scheme is benchmarked against Nifty Large Midcap 250 Total Return. S Krishnakumar is the fund manager of the scheme.

Aditya Birla Sun Life Mutual Fund has announced 0.0162 per cent dividend under dividend payout option of scheme named as “Aditya Birla Sun Life Liquid Fund - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend was January 21. The latest NAV of the scheme is Rs 163.69.The investment objective of the open ended liquid scheme is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.The scheme is benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.

Kotak Mahindra Mutual Fund has announced 0.0685 per cent dividend under dividend payout option of scheme named as “Kotak Liquid Fund - Plan A - Direct Plan” on the face value of Rs 1000 per unit. The record date for the dividend was January 21. The investment objective of the open ended liquid scheme is provide reasonable returns and high level of liquidity by investing in debt and money market instruments, of different maturities so as to spread the risk across different kinds of issuers in the debt markets.The scheme is benchmarked against Nifty Liquid Index. Deepak Agrawal is the fund manager of the scheme.

The company reported standalone net profit of Rs 352.55 crore for the quarter ended December 31, 2019 as compared to Rs 243.26 crore in the same period last year, registering a year-on-year growth of 44.93 per cent.Net revenue of the company rose moderately by 9.99 per cent at Rs 524.73 crore in October-December quarter of this fiscal as against Rs 477.09 crore in the corresponding period last year.During October-December quarter, operating expenses dropped by 30.95 per cent to Rs 111.12 crore from Rs 160.93 crore in year ago period.Other Income grew by 20.43 per cent at Rs 67.26 crore versus (Dec''18 Rs 55.85 crore).Operating Profit surged by 30.82 per cent to Rs 413.61 crore as against Rs 316.16 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 18.94 per cent in December quarter.Interest grew by 0.00 per cent y-o-y to Rs 2.20 crore, while Taxation decreased by 9.25 per cent at Rs 113.48 crore (Dec''18 Rs 125.04 crore).

Investors pumped in nearly Rs 75,000 crore in equity-oriented mutual fund schemes in 2019, a sharp plunge of 41 per cent from the preceding year, mainly hit by extreme market volatility amid slowing economic growth.Experts, however, are of the view that equity schemes will attract investor interest this year as the market is expected to perform well."While volatility in the market may continue for some more time going forward, we believe investors will want to benefit from this volatility and use it to create and growth their wealth. As we expect industry inflows to rise, we believe that all categories of mutual funds including equity funds to see a steady rise in flows," said Ashwani Bhatia, MD and CEO at SBI Mutual Fund.According to data with Association of Mutual funds in India (Amfi) equity and equity-linked saving schemes (ELSS) attracted an inflow of Rs 74,870 crore in 2019, much lower than Rs 1.2 trillion seen in 2018.In 2017, such schemes had witnessed an impressive inflow of around Rs 1.33 trillion as compared to Rs 51,000 crore in 2016. Equity schemes have seen a little bit of a slowdown in 2019 as compared to the past few years because of extremely volatile markets, L&T Mutual Fund chief Kailash Kulkarni said.The pace of inflows in equity funds tapered off towards the end of the year with the inflow in such schemes hitting a 41-month low of Rs 1,312 crore in November as investors did not see the index returns in their own funds. Besides, weakness in the mid and small-cap space dented the investor confidence, said Vidya Bala, co-founder of Primeinvestor.in.Equity flows have two components -- systematic investment plan (SIP) and non-SIP. Flows through SIPs have consistently grown over the years and have touched more than Rs 8,000 crore on a monthly basis, while the non SIP flows are volatile based on the investor''s need for money and view on the market.Overall, fund houses have garnered Rs 82,453 crore through SIPs -- a preferred route for retail investors to invest in mutual funds as it helps them reduce market timing risk.The industry added over 9.55 lakh SIP accounts each month in the year with an average SIP size of about Rs 2,850 per SIP account."SIPs have been the bedrock of equity flows and we think this will continue to the case in the coming year too. As and when there is are greater signs of economic turnaround, we can see equity flows surge further through lumpsum flows," Kaustubh Belapurkar, Director Manager Research at Morningstar Investment Adviser India said.Kulkarni said, "SIP will continue to go from strength to strength and if you see a slight market rally between now and the end of 2020 you will start seeing more number of investors believing in and a word of mouth publicity in terms of how SIP benefits investors will ensure that the next set of investors come in to this facility".The asset base of equity MFs stood at Rs 8.04 trillion at the end of December 2019 as compared to Rs 7.87 trillion in December-end 2018.

ICICI Prudential Mutual Fund has announced 16.8230per cent dividend under dividend payout option of scheme named as “ICICI Prudential Bluechip Fund” on the face value of Rs 10 per unit. The record date for the dividend was January 15. The investment objective of the open ended equity diversified scheme is to generate long-term capital appreciation and income distribution to unitholders from a portfolio that is invested in equity and equity related securities of about 20 companies belonging to the large cap domain and the balance in debt securities and money market instruments. The Fund Manager will always select stocks for investment from among Top 200 stocks in terms of market capitalization on the National Stock Exchange of India Ltd. If the total assets under management under this scheme goes above Rs.1000 crores the Fund Manager reserves the right to increase the number of companies to more than 20.The scheme is benchmarked against Nifty 100 Total Return. Rajat Chandak is the fund manager of the scheme.

Aditya Birla Sun Life Mutual Fund has announced 0.0164 per cent dividend under dividend payout option of scheme named as “Aditya Birla Sun Life Liquid Fund - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend was January 15. The latest NAV of the scheme is Rs 163.69.The investment objective of the open ended liquid fund is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.The scheme is benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.

ICICI Prudential Mutual Fund has announced 16.8228 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Bluechip Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend was January 15. The latest NAV of the scheme is Rs 32.83The investment objective of the open ended equity diversified scheme is to generate long-term capital appreciation and income distribution to unitholders from a portfolio that is invested in equity and equity related securities of about 20 companies belonging to the large cap domain and the balance in debt securities and money market instruments. The Fund Manager will always select stocks for investment from among Top 200 stocks in terms of market capitalization on the National Stock Exchange of India Ltd. If the total assets under management under this scheme goes above Rs.1000 crores the Fund Manager reserves the right to increase the number of companies to more than 20.The scheme is benchmarked against Nifty 100 Total Return. Rajat Chandak is the fund manager of the scheme.

Kotak Mahindra Mutual Fund has announced 0.0618 per cent dividend under dividend payout option of scheme named as “Kotak Liquid Fund - Plan A - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend was January 14.The investment objective of the open ended liquid fund is to provide reasonable returns and high level of liquidity by investing in debt and money market instruments, of different maturities so as to spread the risk across different kinds of issuers in the debt markets.The scheme is benchmarked against Nifty Liquid Index. Deepak Agrawal is the fund manager of the scheme.

Kotak Mahindra Mutual Fund has announced 0.5970 per cent dividend under dividend payout option of scheme named as “Kotak Bond Short Term Fund - Regular Plan” on the face value of Rs 10 per unit. The record date for the dividend was January 14.The investment objective of the open ended debt fund is to create a portfolio of debt and money market instruments of different maturities so as to spread the risk across a wide maturity horizon & different kinds of issuers in the debt markets.Deepak Agrawal is the fund manager of the scheme.

Mutual funds industry body Amfi has requested the government to allow low cost debt-linked saving schemes, with tax benefits, to deepen bond market, and lower holding period in gold and commodity ETFs to one year from existing three years for LTCG purposes.In its Budget proposals to the Finance Ministry, the industry body has also demanded that the government recognise mutual funds (MFs) as specified long-term assets, qualifying for Long-Term Capital Gains (LTCG), as well as bring ULIPs of life insurance companies and equity MF schemes on par.The mutual fund body has also asked for dividend distribution tax (DDT) exemption for EPFO, NPS and insurance companies investing in MF schemes and pass-through status for income tax purpose to those Category III AIFs which make 65 per cent investments in listed equities."Amfi''s suggestions have been in the Budget proposal list for a few years. We are hoping this time our long pending submissions get addressed, which would help take the Indian MF industry not only to the next level of growth but also help in contributing to making economy stronger, especially with deepening of bond market, making long term availability of funds for infrastructure growth, and reducing the fiscal deficit by shifting investments from pure gold to gold ETFs," Amfi Chief Executive N S Venkatesh said.Some of the proposals are also aimed at bringing parity with comparable investment avenues and making mutual funds more retail investor friendly, he added.The Association of Mutual Funds in India (Amfi) said that mutual funds should be allowed to introduce low-cost, lower-risk tax-exemption-linked debt-linked savings schemes (DLSS) on the lines of equity linked saving schemes (ELSS).It further proposed that investments up to Rs 1.5 lakh under DLSS be eligible for tax benefit, subject to a lock in period of 5 years.At present, equity-linked savings schemes qualify for tax benefits under Section 80 CCC of the Income Tax Act for an investment limit of up to Rs 1.5 lakh in a fiscal year.In order to make gold and commodity ETFs more attractive, the industry body has proposed to lower the holding period for LTCG purposes from 3 years to 1 year, as is the case for listed debt securities.Besides, Amfi has requested clarity in respect of creation of segregated portfolio in mutual fund schemes, on capital gains tax treatment upon sale of mutual funds units with regard to the treatment of the units allotted consequent on segregation of portfolio.In addition, it has proposed that the threshold limit in equity oriented mutual fund schemes be restored to 50 per cent. Reducing the threshold limit of equities from 65 per cent to 50 per cent for being regarded as ''equity-oriented fund'' would encourage more investors with lower risk appetite to invest in such funds.Amfi has also proposed that the definition of equity oriented funds be revised to include investment in Fund of Funds schemes, which invest predominantly in units of equity oriented mutual fund schemes.

Aditya Birla Sun Life Mutual Fund has announced 0.0636 per cent dividend under dividend payout option of scheme named as “Aditya Birla Sun Life Low Duration Fund - Institutional Plan” on the face value of Rs 100 per unit. The record date for the dividend was January 14. The latest NAV of the scheme is Rs 100.95.The investment objective of the open ended debt scheme is to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of very short maturities with a view to provide reasonable returns.The scheme is benchmarked against NIFTY Low Duration Debt Index. Kaustubh Gupta is the fund manager of the scheme.

L&T Mutual Fund has announced 0.0081 per cent dividend under dividend payout option of scheme named as “L&T Liquid Fund - Daily Div Reinvestment Plan” on the face value of Rs 1000 per unit. The record date for the dividend was January 14.The latest NAV of the scheme is 1,011.78.The investment objective of the open ended liquid fund is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments. The scheme is benchmarked against Nifty Liquid Index. Shriram Ramanathan is the fund manager of the scheme.

Tata Mutual Fund has announced 0.0080 per cent dividend under dividend payout option of scheme named as “Tata Liquid Fund” on the face value of Rs 1000 per unit. The record date for the dividend was January 14. The latest NAV of the scheme is Rs 1,001.52.The investment objective of the open ended liquid fund is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders.The scheme is benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

Private sector Max Life Insurance Wednesday said it has completed the process of implementing changes across its entire individual product portfolio in line with the product regulations set by the Insurance Regulatory and Development Authority of India (IRDAI).This makes Max Life one of the first life insurers to offer a full range of restructured individual product portfolio, including linked products, non-linked products and retirement/pension products, to its customers before the Irdai stipulated deadline, the company said in a statement.The regulator has directed all life insurance companies to implement the product changes before January 31, 2020, it said.For its linked products, Max Life Insurance has revised the revival period from 2 years to 3 years.Bringing greater convenience to the consumers, the linked products will now be available with a risk cover equal to 105 per cent of the total premiums paid along with the ability to switch fund portfolio, during settlement period, said Max Life Insurance Chief Marketing Officer Aalok Bhan.As part of the changes to non-linked products, Max Life has increased its revival period from 2 years to 5 years."It has also introduced guaranteed surrender value after 2 full years'' premium payment for policies irrespective of the payment paying term (earlier was applicable after 2 full years for term lesser than 10 years and after 3 full years for paying term of greater than or equal to 10 years)," it said.

Aditya Birla Sun Life Mutual Fund has announced 0.0138 per cent dividend under dividend payout option of scheme named as “Aditya Birla Sun Life Liquid Fund - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend was January 13.The latest NAV of the scheme is 163.69.The investment objective of the open ended liquid fund is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.The scheme is benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.

HDFC Mutual Fund has announced 0.0860 per cent dividend under dividend payout option of scheme named as “HDFC Banking and PSU Debt Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend was January 13.The investment objective of the open ended debt fund is to generate regular income through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks and Public Sector undertakings.Anil Bamboli is the fund manager of the scheme.

HDFC Mutual Fund has announced 0.0790 per cent dividend under dividend payout option of scheme named as “HDFC Banking and PSU Debt Fund - Regular Plan” on the face value of Rs 10 per unit. The record date for the dividend was January 13.The investment objective of the open ended debt scheme is to generate regular income through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks and Public Sector undertakings.Anil Bamboli is the fund manager of the scheme.

ICICI Prudential Mutual Fund has announced 0.1008 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Savings Fund” on the face value of Rs 100 per unit. The record date for the dividend was January 13.The investment objective of the open ended debt scheme is to generate income through investments in a range of debt instruments and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.The scheme is benchmarked against NIFTY Low Duration Debt Index. Rahul Goswami is the fund manager of the scheme.

Kotak Equity Hybrid Fund - Regular Plan has announced change in investment factsheets and fund flash for the month ended December 31, 2019.As on Dec 31, 2019, the total size of the Fund was Rs 1,454.39 crores, compared with Rs 1,460.75 crores in the last month. The Fund''s NAV per unit was Rs 27.18 for Growth, while 52-Week High and Low ranges were Rs 27.18 and Rs 22.41 respectively.The Equity - Hybrid fund with Growth plan was launched on Nov 05, 2014 and managed by Fund Managers Pankaj Tibrewal, Abhishek Bisen.The top five companies based on a percentage of total holdings were ICICI Bank Ltd. (109.34 Cr.), HDFC Bank Ltd. (102.43 Cr.), AXIS Bank Ltd. (49.77 Cr.), State Bank Of India. (49.33 Cr.) and Kotak Mahindra Bank Ltd. (48.00 Cr.).Kotak Equity Hybrid Fund - Regular Plan is promoted by Kotak Mahindra Mutual Fund and managed by Kotak Mahindra Asset Management Company Ltd..

Sundaram Equity Hybrid Fund has announced change in investment factsheets and fund flash for the month ended December 31, 2019.As on Dec 31, 2019, the total size of the Fund was Rs 1,832.32 crores, compared with Rs 1,833.21 crores in the last month. The Fund''s NAV per unit was Rs 97.43 for Growth, while 52-Week High and Low ranges were Rs 97.43 and Rs 84.34 respectively.The Equity - Hybrid fund with Growth plan was launched on Jun 23, 2000 and managed by Fund Managers Rahul Baijal, Sandeep Agarwal.The top five companies based on a percentage of total holdings were ICICI Bank Ltd (128.55 Cr.), HDFC Bank Ltd (126.97 Cr.), Reliance Industries Ltd (87.15 Cr.), Axis Bank Ltd (69.68 Cr.) and Larsen & Toubro Ltd (65.11 Cr.).Sundaram Equity Hybrid Fund is promoted by Sundaram Mutual Fund and managed by Sundaram Asset Management Company Ltd..

IDFC Equity Savings Fund has announced change in investment factsheets and fund flash for the month ended December 31, 2019.As on Dec 31, 2019, the total size of the Fund was Rs 66.92 crores, compared with Rs 68.35 crores in the last month. The Fund''s NAV per unit was Rs 20.79 for Growth, while 52-Week High and Low ranges were Rs 20.79 and Rs 19.20 respectively.The Equity - Hybrid fund with Growth plan was launched on Jun 09, 2008 and managed by Fund Managers Rajendra Kumar Mishra, Yogik Pitti, Harshal Joshi.The top five companies based on a percentage of total holdings were Housing Development Finance Corporation Limited (4.10 Cr.), Sun Pharmaceutical Industries Limited (3.59 Cr.), Tech Mahindra Limited (2.94 Cr.), HDFC Bank Limited (2.29 Cr.) and Larsen & Toubro Limited (1.95 Cr.).IDFC Equity Savings Fund is promoted by IDFC Mutual Fund and managed by IDFC Asset Management Company Ltd..

HDFC Capital Builder Value Fund - Regular Plan has announced change in investment factsheets and fund flash for the month ended December 31, 2019.As on Dec 31, 2019, the total size of the Fund was Rs 4,496.42 crores, compared with Rs 4,563.65 crores in the last month. The Fund''s NAV per unit was Rs 289.38 for Growth, while 52-Week High and Low ranges were Rs 303.84 and Rs 258.73 respectively.The Equity - Diversified fund with Growth plan was launched on Feb 01, 1994 and managed by Fund Manager Miten Lathia.The top five companies based on a percentage of total holdings were HDFC Bank Ltd. (383.39 Cr.), Axis Bank Ltd. (277.93 Cr.), Reliance Industries Ltd. (258.35 Cr.), ICICI Bank Ltd. (222.63 Cr.) and ITC Ltd. (209.76 Cr.).HDFC Capital Builder Value Fund - Regular Plan is promoted by HDFC Mutual Fund and managed by HDFC Asset Management Company Ltd..

As of December 2019, 79.67% is owned by Promoters and 20.33% by Public.Among Promoters holding, Indian Promoters holds 52.76% and Foreign Promoters holds 26.91%.Institutional holds 9.06% (Foreign Portfolio Investors 8.14%, Financial Institutions 0.20% and Mutual Funds 0.60%) and Non-Institutional holds 11.27% as Public shareholders.Top two Promoters holding highest number of shares of HDFC AMC company are Housing Development Finance Corporation Limited (1121.80 lakhs shares / 52.76%) and Standard Life Investments Limited (572.28 lakhs shares / 26.91%).