AUM growth down 63% on account of lower investor addition, market slowdown
The number soared on the back of a post-Covid-19 market rally and the rise of retail participation
Until end-November, 23 million new SIP accounts were registered, compared with 22 million during the same period in 2021 - a growth of 6 per cent
Redemptions rise 60% month-on-month to Rs 26,030 crore in November, the highest since September 2021
The net inflow in equity mutual funds plunged 76 per cent to Rs 2,258 crore in November over the preceding month amid a sharp up move in the stock market that made investors wary of higher valuation. This also marks the 21st straight month of inflows into equity schemes. Overall, the mutual fund industry registered net inflows of Rs 13,263 crore in November, slightly lower from Rs 14,045 crore seen in the previous month, data released by the Association of Mutual Funds in India (Amfi) showed on Friday. Apart from equity, debt-oriented mutual fund schemes witnessed a net infusion of Rs 3,668 crore during the period under review after withdrawing Rs 2,818 crore in the preceding month. Other schemes -- index funds, gold exchange-traded funds (ETFs), other ETFs and Fund of funds investing overseas -- saw an inflow of Rs 10,394 crore. This was mainly driven by index funds, which contributed Rs 8,602 crore alone. However, gold ETFs witnessed a net withdrawal of Rs 195 crore. As per the
UCITS is a regulatory framework of the European Commission for management and sale of mutual funds
The finance ministry on Wednesday permitted CPSEs to invest their surplus funds in debt-based schemes of private sector mutual funds, a move that will help them diversify their investment portfolio. So far, Central Public Sector Enterprises (CPSEs) were allowed to invest their surplus fund in Sebi-regulated public sector mutual funds. The Department of Investment and Public Asset Management (DIPAM) has issued a modified guidelines on investment of surplus funds by CPSEs wherein it said that "Maharatna, Navratna and Miniratna CPSEs are permitted to invest in debt-based schemes of Sebi regulated mutual funds". DIPAM said the guidelines have been modified in view of the representations received from some CPSEs, mutual funds, and private sector banks suggesting changes in certain provisions keeping in view liberalisation of policies and introduction of new monetary instruments for trade in short-term funds. These proposals have been examined by the inter-ministerial Committee for ...
On December 6, Quant Mutual Fund - Small Cap Fund purchased 2.63 million shares representing 0.52 per cent of the total equity of Jindal Stainless at Rs 182.97 apiece on the NSE.
Such entities have a variable capital base as they issues and redeems shares on an on-going basis. With every issue or redemption, the capital base of the VCC changes
Investors can continue and add SIPs or STPs (spread over next six months rather than lump sum) into midcap funds, with a five year time horizon
Despite several innovative tech FoF applications with Sebi, only one hits the market
The industry attributes the gradual decline in SIP ticket size to the growing penetration of mutual funds (MFs) on the back of rising ease of investment
The size, activity, and influence of these people have become so large that Sebi's onerous regulations for registered advisors look hopelessly ineffective, and those who follow them feel like losers
The Reserve Bank of India's FSR of December 2021 had also highlighted that given the level of inflation, investors are looking for a certain level of returns, and P2P platforms offer an incentive
The scheme, which opened for subscription on Thursday, will mimic the Nifty 50 index
MFs told to issue press release and file FIR against misleading groups
Flows down 64% from peak amid uncertain market conditions, valuation concerns
Spotlight turns on why middle class Indians use SIP for securing their financial goals
Industry says exemption for those staying invested for over three years will help channelise flows into financial assets
This 'buy low and sell high' strategy has not always worked for them