Fund houses have stopped fresh lump-sum investments and new SIP, STP and switch registrations in gold FoFs from Friday, while existing transactions and investments in gold ETFs remain open
Market is building an earnings growth of 10-12 per cent for FY23, which seems achievable given the present earnings momentum and economic outlook, says Sanjay Chawla of Baroda BNP Paribas MF.
Assets under management with the mutual fund industry jumped a whopping 41 per cent in fiscal 2021 to Rs 31.43 trillion, despite a minor 1 per cent decline in March, says a report
According to market participants, the move will help in stalling mark-to-market impact on portfolios of debt schemes due to the cornavirus-related lockdown and provide relief on exposures to NBFCs
The 44-player industry logged an assets under management (AUM) of Rs 26.54 trillion at the end of December, compared with Rs 27.85 trillion by January-end, representing a growth of 5%