Amfi

Their share is six times higher than it was in March 2012

Interest in low-risk equity products of mutual fund schemes see interest after extended period of outflows

The lock-in on 75% of shares had led fund houses to markdown holdings in ETF and index funds to 'zero', as per recommendation from valuation committee of Amfi

Association of Mutual Funds in India (Amfi) has said the industry is being vilified baselessly as the segment has the lowest customer complaints in the entire financial market space, as it follows the most transparent and disclosure-based reporting. The global funds tracking body Morningstar ranks India on top of 26 countries, when it comes to regular monthly fund disclosures, according to Amfi chief executive NS Venkatesh. Amfi gets complaints from investors as well as distributors directly and also through the regulator Sebi, he added. On the basis of the type and nature of complaints, these are broadly classified into routine and serious complaints, he said. Routine complaints include non-receipt of dividends, non-receipt of account statement, non-receipt of commission and non-updating of record. Serious complaints are manipulation in application forms, malpractices followed in marketing units, funds and serious deficiencies in services provided by distributors, among ...

February inflows most in nine months, debt schemes continue to struggle

Says MFs using illustrations based on assumptions; disclaimers made in fine print can escape investors

Avoid exiting from the category as most of the pain caused by rate hikes is behind us

24,000 new MF distributors join industry in 2022--that's 42% higher than 2021

SIP account redemptions were 36% higher than H1: Amfi

Small Industries Development Bank of India (SIDBI) will partner with the Association of Microfinance Institutions of India (AMFI) to support women entrepreneurs in the backward districts of West Bengal. Deputy Managing Director of SIDBI, Sudatta Mandal, said that the women entrepreneurs will also be helped in terms of getting market and credit linkages. Speaking at the AMFI-WB micro-finance summit here, Mandal said SIDBI has already spearheaded the project in Odisha and it has been very successful. "Six backward districts of West Bengal have been identified for this purpose and 12,000 women will be given credit so that their incomes rise. This will be a two-year intervention by SIDBI," he stated. By this intervention, the average income of women will rise by at least 30 per cent, Mandal added. Alok Mishra, CEO of MFIN, a self-regulatory organisation (SRO) in the micro-finance sector, said the basic idea is of financial inclusion which had been the focus of successive governments s

But regulator says AMCs must shut existing active scheme before offering a passive one

Last month's SIP contribution was much higher than Rs 11,305.34 crore that was invested in December 2021

Investors placed most bets on mid-cap and small-cap funds; liquid ones saw most outflows

The mutual fund industry added Rs 2.2 lakh crore to its asset base in 2022, driven by consistent monthly increase in SIP (Systematic Investment Plan) flows. The Assets Under Management (AUM) of the mutual fund industry rose by 5.7 per cent or Rs 2.2 lakh crore to a total Rs 39.88 lakh crore in 2022, data from the Association of Mutual Fund Industry (Amfi) showed on Tuesday. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base to Rs 37.72 lakh crore in 2021. "The industry grew at a slower pace in 2022 due to uncertainty in stock markets, and changing interest rate scenarios affecting the business environment at large. Understandably, investors have been in step with these changes by reallocating their investments between equity, debt and hybrid schemes," Gopal Kavalireddi, Head of Research at FYERS, said. While, the growth of 42-player mutual fund space in 2021 was mainly braced by a rally in the stock markets. The incre

A Sebi-registered investment advisor is qualified to help you manage your finances

Index fund growth led by debt schemes, with fund houses launching target maturity funds this year

'Strong regulations are crucial for the orderly development of the market. Even a slip-up can break the trust of investors. We welcome the Sebi regulations'

Net SIP investments at Rs 3,260 cr in Nov, the lowest since Oct 2021

Until end-November, 23 million new SIP accounts were registered, compared with 22 million during the same period in 2021 - a growth of 6 per cent

Redemptions rise 60% month-on-month to Rs 26,030 crore in November, the highest since September 2021