MF Schemes

An ELSS as a tax-saving option is mostly preferred by younger taxpayers

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

Credit-risk rating based limits introduced for all new schemes; existing schemes to be grandfathered

Investors pulled out around Rs 6,580 crore from their SIP accounts in MF schemes for the pre-festive splurge

SIP inflows surged 2 per cent month-on-month (MoM) in September to Rs 12,980 crore, according to the latest data released by the Association of Mutual Funds in India (Amfi).

The trend is completely the opposite with smallcaps, with 80% schemes surpassing their benchmarks

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

Jain, an alumnus of IIT Kanpur and IIM Bangalore, has been replaced by Chirag Setalvad

Here're top-performing MF schemes in the past two years

Passive breaches are generally that have not arisen due to omission and commission of Asset Management Companies (AMCs)

Officials in the company said they are expecting another Rs 1,000 crore as online applications will continue till midnight

Multiple firms look to skip physical meetings, documentation while acquiring clients

Lower costs and ease of doing transactions are one of the few reasons investors have been moving towards such plans

Currently, fund houses are required to invest a maximum of Rs 50 lakh per scheme

The scheme was launched as a closed-end fund in February 2018, with a tenure of over three years ending June 2021

To seek changes in circular asking to pay 20% salary to key staffers in scheme units

Budget proposes that interest on the PF contributions (employee contribution) above Rs 2.5 lakh per annum be taxable with from April 1, 2021

Industry in January registered over 1.6 million SIPs, 58 per cent more than the previous nine-month average

Gilt funds came back under investors' radar in October after witnessing net outflow for two consecutive months

Says cap is meant for diversification, and just because some scrip is outperforming is no reason to raise the ceiling