Indian Mutual Fund Industry

An SIP investment, started in October 1996, of Rs 10,000 on a monthly basis in HDFC Top 100 Fund would have grown to Rs 8.30 crore by May 31, 2024.

Women account for only 10 per cent of the total fund managers in the mutual fund industry despite a gradual increase in their numbers witnessed in the last few years, a report said on Tuesday. The Morningstar Investment Adviser India's annual report on women fund managers in the asset-management industry said the total count of women fund managers has increased from 32 last year to 42 now. Interestingly, the total number of fund managers also saw a healthy increase this year to 428 from 399 last year. "When it comes to gender diversity, the latest findings of our report show that of the 428 fund managers, 42 are women who are managing funds either as primary or secondary managers," said the Morningstar report released ahead of International Women's Day on May 8. With a meagre 9.81 per cent representation, women still remain drastically under-represented among the ranks of mutual fund managers, Morningstar said. According to the report, there were only 18 women fund managers in 201

They have an important role in improving corporate governance and deepening the corporate bond market

Some see potential in the newly introduced passive option, other see promise in active ELSS

The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products

Mutual funds fail to carry high growth momentum of FY22 due to changed market conditions

Regulator also unhappy with phase-1 of two-factor authentication framework, asks Amfi for schedule and progress reports

Foreign investors pull out Rs 12,000 crore after pumping in Rs 60,000 crore in July, August

According to the registrar and transfer agent (RTA), the phone number and email ids can be the same only for those folios which are linked to the same PAN card.

The firm provides digital-first distribution of personal loans, home loans and health insurance to customers without the need of physical infra

The sharp spike in commission comes on the back of surge in the equity markets and sustained flows into equity MF schemes

Shares of HDFC AMC had rallied significantly post its debut in July 2018. However, after hitting a peak at Rs 3,681 in November 2019, the stock has since then declined over 50 per cent.

Jain, an alumnus of IIT Kanpur and IIM Bangalore, has been replaced by Chirag Setalvad

The mutual fund industry - which makes money managing assets - has seen zero growth in 11 months.

Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said

The latest study by Morningstar India shows that of the 399 fund managers, 32 are women, who are managing funds either as primary or secondary managers or have oversight as heads of equity or debt

Regulator, industry gets into huddle ahead of October 1 deadline

This was much higher than a net inflow of Rs 5,988 crore seen in June

The AMC allayed investors' fears

Data from MF Explorer shows that maximum return generated by value funds the past one year is 96% and average is 59%