Mutual Funds Industry

The proposed amendment will also affect gold funds and international funds, analysts said, who believe that bank FDs will become more attractive

PPFAS Mutual Fund purchased 1.12 million equity shares representing 0.88 per cent stake in UTI AMC for Rs 71.40 crore.

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

Naren said after a long time the need for money in the deposit market has come and we see hikes in bank deposit rates

The number soared on the back of a post-Covid-19 market rally and the rise of retail participation

Yet net investments in active equity schemes slump 33% in same month, shows Amfi data

Milestone achieved within three years of launch of first tranche

The YTM of most debt funds tops 6.5%, indicating that they can at least do better than FDs in the near future

The common platform for MF transactions logs 350,000 registrations and 10,000 monthly logins

Vishal Kapoor remains head of committee of certified distributors, Nilesh Shah and Navneet Munot stay as chief of valuation committee and equity CIO panel, respectively

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

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

Stick to proven fund houses with at least a 5-year track record and see how they performed over market phases

Jain, an alumnus of IIT Kanpur and IIM Bangalore, has been replaced by Chirag Setalvad

Drop in number of firms invested in comes even as MFs' overall holding in stock market has been rising

Given the risk of high inflation, bond yields can harden further. However, current rates are attractive and provide good scope to start nibbling, say experts

Shift to short-term investments and IPO funding seen as reasons for trend, according to a report.

In March 2022, equity AUM for the industry stood at Rs 13.65 trillion higher than debt AUM of Rs 12.98 trillion, reveals data.

Surge in inflows into multicap funds was largely due to the NFO of SBI Multicap fund which garnered Rs 8,170 crore

In 2019, India's score improved from 'below average' to 'average', thanks to investor-friendly regulations introduced by the Securities and Exchange Board of India