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Don’t miss the latest developments in business and finance.
Mutual fund AUM surges 5% in FY23; SBI widens lead, shows data
The industry growth in FY23 was much lower than that of FY22, when the AUM grew over 20 per cent on the back of a strong market rally and record fresh investments
Mirae NBFC arm floats new product offering loans against MF holdings
Customers can avail instant loans of up to Rs 3 crore by pledging their equity and debt MF holdings on a mobile app
Macquarie sees long runway for growth for Indian MF industry
AUM-to-GDP ratio still at just 15%, compared with global average of 75%
Share of high-fee yielding equity slips in MF industry's asset mix
Industry likely to see revenues come under pressure in new financial year
Overnight schemes cross Rs 50,000-crore, thanks to the low risk nature
The AAUM of overnight schemes in April 2019 was Rs 11,566 crore
Top 15 cities' share in MF assets under management dips by 250 bps in 2017
The capital of Tamil Nadu saw its share in the mutual fund AUM rise by 200 bps in 2017