Mutual Fund Equity Assets

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

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

Customers can avail instant loans of up to Rs 3 crore by pledging their equity and debt MF holdings on a mobile app

In February 2020, the broking company had applied for the AMC license

The month-end assets under management (AUM) of the fund grew from Rs 898 crore in January 2018 to Rs 1,476 crore in December 2020.

Industry likely to see revenues come under pressure in new financial year

In the past 12 months, equity MFs have got inflows of Rs 1.73 trillion