Tally still 31 per cent lower than 12-month average
In October 2017, Sebi came out with the scheme classification norms to ensure that mutual fund schemes make investments in-line with their stated scheme mandate
For Indiabulls MF, its AUM declined 61 per cent YoY to Rs 1,452 crore in the quarter
The AUM of the industry rose by over 13 per cent to Rs 26.77 trillion
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Double-digit returns from these instruments boost tier-1 plans
AUM of both companies declined in September quarter
There are only 220,217 MF distributors compared to 2.1 million insurance agents
Foreign institutional investors might also need to adhere to proposed pre-trade allocations
While investors in direct plans have benefited more due to lower expense ratios, even regular schemes have given returns in excess of 10 per cent in the past year
Wants investors to play more active role in improving corporate governance
According to the Securities and Exchange Board of India (Sebi) November 2019 data, the amount deployed by mutual funds in InvITs stands at Rs 933 crore
Regulator proposes discontinuing of pooled accounts, to protect investors
Investors continue to pull out funds with markets making new highs, say industry players
Depending on the risk appetite, investment goal, financial objective and time horizon, mutual funds should be selected across asset and sub-asset classes by assigning weights to them sensibly
Industry bulls say domestic asset managers' profits are growing as they expand. That's in contrast with many global peers
In comparison, the industry had added 6 lakh folios in October, 3.45 lakh in September, 4.8 lakh in August and more than 10 lakh in July
Mutual fund industry saw its assets base surpassing Rs 27 lakh crore-mark in November-end on the back of inflows in debt-oriented schemes including banking and PSU funds, which have a high allocation to highest rated bonds. The 44-player industry logged an assets under management (AUM) of Rs 26.33 lakh crore in October-end, as compared to Rs 27.04 lakh crore by November end, representing a growth of 3 per cent, according to data from the Association of Mutual Funds in India (Amfi). Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October. Fund managers attributed growth in the asset base to strong inflows of around Rs 51,000 crore in debt-oriented schemes. Among debt-oriented schemes, overnight funds -- invest in securities with a maturity of one day-- received flows worth about Rs 20,650 crore, the highest among the fixed-income segment last month. Apart from this, banking & PSU funds received funds to the tune of .
It will also maintain liquidity so that govt borrowing doesn't push yields up
On the other hand, investors pumped nearly Rs 24,000 crore in equity mutual funds during July-September 2019, a surge of 35 per cent from the preceding quarter