Mutual Funds add 7 million accounts in 5 months of FY23 as awareness, digital access rise
NEW DELHI: With increase in digital access and growing awareness about mutual funds, asset management companies (AMCs) have added close to 70 lakh investor accounts in the first five months of the current fiscal, bringing the total to 13.65 crore. This came following an addition of 3.17 crore investor accounts in 2021-22 and 81 lakh […]
Mutual Funds add 8.1 million investors account in FY21, experts hopeful of growth
NEW DELHI: The mutual fund industry added more than 81 lakh investor accounts in 2020-21, taking the total tally to 9.78 crore,and experts hope that the healthy growth in folios would continue in the ongoing fiscal also. The industry had added 72.89 lakh investor accounts in 2019-20, according to data from the Association of Mutual […]
Net outflows from equity Mutual Funds at over Rs 12,900 crore in November
NEW DELHI: Equity and equity-linked mutual fund schemes saw a net outflow of Rs 12,917.36 crore in November, showed data from the Association of Mutual Funds in India (AMFI) on Tuesday. The net outflow stood at Rs 2,724.95 crore in October and Rs 734.40 crore in September. The outflow had stood at Rs 4,000 crore […]
No compulsion to invest in mid/small caps; be ‘true to label’: SEBI
NEW DELHI: As the market regulator’s recent change in norms regarding constitution of multi-cap funds continues to cause some discomfort among mutual funds, SEBI Chairman Ajay Tyagi on Tuesday said that the regulator is not forcing anyone to invest in mid or small cap companies, as it has only asked fund houses to keep their […]
Mutual funds folio count surges by 18 lakh in June quarter
NEW DELHI: The mutual fund industry has added 18 lakh investor accounts in three months ended June 30, taking the total tally to 9.15 crore, amid volatile market conditions. A big chunk of this growth in folio generation is driven by digital platforms – especially in times of the lockdown, said Harsh Jain, co-founder of […]
RBI’s liquidity support for Mutual Funds may struggle to be effective: Fitch
NEW DELHI: The Reserve Bank of India’s (RBI’s) liquidity support for mutual funds could struggle to be effective, as its success would hang on banks’ appetite to take up the risks involved, amid a low capital headroom and a likely increase in fresh non-performing loans, according to Fitch. The RBI’s Rs 50,000-crore Special Liquidity Facility […]
RBI announces Rs 50,000 crore special liquidity facility for mutual funds
NEW DELHI: The Reserve Bank of India (RBI) on Monday announced a Rs 50,000 crore special liquidity facility for mutual fund, days after Franklin Templeton Mutual Fund decided to close six debt schemes. In a statement, the central bank said heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual […]
Mutual funds investing in debt funds see Rs 1.95 trillion outflow in March
NEW DELHI: Mutual funds focussed on investing in fixed-income securities saw a massive outflow of Rs 1.95 trillion in March, after pulling out Rs 28,000 crore in the preceding month, mainly on account of withdrawal from liquid funds. Most individual categories that invest in fixed-income securities or debt funds saw outflows. However, overnight category managed […]
Where politicians invest: Mutual funds, RIL, and even Kingfisher Airlines
NEW DELHI: Fixed deposits and tax-free bonds seem to be among the most favoured financial investments for the political leaders fighting the Lok Sabha polls, while mutual funds and stocks also adorn the portfolios of many and some even have got shares of long-defunct firms like Kingfisher Airlines. Shares of Mukesh Ambani-led Reliance Industries Ltd […]
Net inflows in equity schemes of Mutual Funds touch 7-month high in October
NEW DELHI: Net inflows in equity schemes of mutual funds in October were the highest in seven months, as investors stayed put despite a correction in the market, data from the Association of Mutual Funds in India (Amfi) showed on Friday. Net inflows in equity mutual funds rose nearly 13% in October to Rs 12,622 […]
Mutual funds AUM drops 12.5% to Rs 22 trillion by September-end
NEW DELHI: Mutual funds’ asset base declined 12.5% to Rs 22 trillion in September-end on the back of massive outflow from liquid funds and income schemes. According to Association of Mutual Funds in India (Amfi) data, the asset under management (AUM) of the industry, comprising 41 active players, stood at Rs 22.06 trillion at the […]