On the earnings side, the macro drivers are positive. We expect the earnings growth to continue, says SBI Mutual Fund CIO R Srinivasan
The mutual fund industry is expanding distribution reach, simplifying products and leveraging technology in a bid to more than double assets under management
Move comes days after Sebi suspended practice citing misuse
Just 4% growth in registration of direct plan SIPs last year after 115% growth in 2021
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
Top MF executives believe that debt funds lik equity schemes can reach households if pitched well
The number soared on the back of a post-Covid-19 market rally and the rise of retail participation
Neither day of the month nor frequency of SIP has a material impact on returns
The comparatively high growth in outflows has weighed on the net inflows in equity and hybrid schemes between June and August
The common platform for MF transactions logs 350,000 registrations and 10,000 monthly logins
Drop in number of firms invested in comes even as MFs' overall holding in stock market has been rising
The mutual fund industry - which makes money managing assets - has seen zero growth in 11 months.
The move, directed by Sebi, is to ensure "undivided attention" for proper execution of the new norms
Market participants believe that concerns still linger in the markets and investors should continue to have higher weighting towards large-cap funds
The data from Amfi shows NJ India Invest maintained top spot, with gross distribution commission of Rs 874 crore, 12.5 per cent more than Rs 777 crore pocketed in FY20
Gross household investments in MFs have grown at a compound annual growth rate (CAGR) of 27.3 per cent over FY13-20
HDFC AMC Chairman Deepak Parekh said India's mutual fund industry has the potential to grow exponentially as the country's MF penetration levels remain considerably low compared to large economies.
Fund houses to review investment processes; opt for safety over returns
People in the know said the regulator could water down the circular following challenges highlighted by the industry with regards to its implementation
The fund has consistently outperformed its peers (funds ranked under the low duration category in CMFR in March 2021) over the trailing periods under analysis