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Inflow to equity mutual funds slump 60% to Rs 6,158 cr in January: AMFI data
Business

Inflow to equity mutual funds slump 60% to Rs 6,158 cr in January: AMFI data

Amid market volatility and political uncertainty, inflow to equity mutual funds plunged by 60 percent to Rs 6,158 crore in January this year against Rs 15,390 crore seen in such schemes in the same month last year

Mutual funds add Rs 3 lakh-cr to assets base in 2018, eyes more traction in new year
Business

Mutual funds add Rs 3 lakh-cr to assets base in 2018, eyes more traction in new year

Mutual funds have added a whopping Rs 3 lakh crore to their asset base in 2018 and the uptrend may continue in the new year, helped by a consistent rise in the SIP flows and strong participation of retail investors despite volatile markets.

SEBI approval for side-pocketing in mutual funds spells good news for old and new investors
Business

SEBI approval for side-pocketing in mutual funds spells good news for old and new investors

Previously, SEBI was not in favor of allowing mutual funds to side-pocket or segregate their bad units.

Mutual funds asset base drops 12.5% to Rs 22 lakh cr in Sep-end on massive outflow: AMFI data
Business

Mutual funds asset base drops 12.5% to Rs 22 lakh cr in Sep-end on massive outflow: AMFI data

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 lakh crore at the end of September, as compared to a record Rs 25.20 lakh crore in August-end.

Investing in mutual funds to become cheaper on Sebi move; AMC margins may be affected, say experts
Business

Investing in mutual funds to become cheaper on Sebi move; AMC margins may be affected, say experts

At present, mutual funds pay distributors upfront commission as high as 2 percent against the 1 percent recommended by industry body Association of Mutual Funds in India

Mutual funds' asset base reaches all-time high of Rs 25 lakh crore, shows AMFI data
Business

Mutual funds' asset base reaches all-time high of Rs 25 lakh crore, shows AMFI data

Mutual funds' asset base touched a record Rs 25 lakh crore in August-end, a surge of 8.41 percent over the previous month, on the back of robust inflow in liquid funds and strong participation from retail investors.

Mutual funds garner Rs 7,554 cr from retail investors via systematic investment plans in July
Business

Mutual funds garner Rs 7,554 cr from retail investors via systematic investment plans in July

Mutual funds have 2.33 crore SIP accounts through which investors regularly invest in Indian mutual fund schemes.

Mutual funds' asset base up 5% to Rs 24 lakh crore in July on participation from retail investors
Business

Mutual funds' asset base up 5% to Rs 24 lakh crore in July on participation from retail investors

The AUM of the industry, comprising 42 players, was Rs 22.86 lakh crore at the end of June, according to the data by Association of Mutual Funds in India

Equity mutual fund inflows rise 15% in Q1 to Rs 33,000 crore: AMFI data
Business

Equity mutual fund inflows rise 15% in Q1 to Rs 33,000 crore: AMFI data

Equity mutual funds saw an inflow of nearly Rs 33,000 crore in the first quarter of the current fiscal, a surge of 15 percent year-on-year, underpinned by strong participation from retail investors, especially in small towns.

Mutual funds investments not affected after reintroduction of LTCG tax on capital gains, says AMFI
Business

Mutual funds investments not affected after reintroduction of LTCG tax on capital gains, says AMFI

AMFI says all financial products should have same tax treatment and that mutual fund industry was trying to keep everything on level playing field

What impact Sebi’s categorisation and rationalisation scheme will leave on your mutual fund portfolio
Business

What impact Sebi’s categorisation and rationalisation scheme will leave on your mutual fund portfolio

Categorisation and recategorisation of mutual fund schemes was done to ensure different schemes are clearly distinct in asset allocation, investment strategy etc

Inflows into equity mutual funds increase to Rs 2.86 lakh cr after note ban; equity AUM up 46% on year
Business

Inflows into equity mutual funds increase to Rs 2.86 lakh cr after note ban; equity AUM up 46% on year

The asset base of the MF industry, comprising 42 players, reached an all-time high of Rs 21.41 lakh crore in October-end, while that of equity AUM was over Rs 6.32 lakh crore

MF investments on the rise: How retirement options can be pushed via schemes for higher penetration
Business

MF investments on the rise: How retirement options can be pushed via schemes for higher penetration

India’s mutual fund assets to GDP ratio is a meagre 7 percent, which is 91 percent in the US and 51 percent in the UK

Securities Appellate Tribunal rejects Sahara plea against Sebi order on mutual fund business
Business

Securities Appellate Tribunal rejects Sahara plea against Sebi order on mutual fund business

The Tribunal said the law empowers Sebi to take actions in the interest of protecting investors

Mutual funds' asset base from smaller cities up 47% at Rs 3.41 lakh cr
Business

Mutual funds' asset base from smaller cities up 47% at Rs 3.41 lakh cr

Mutual funds' assets under management (AUM) from B15 locations grew from Rs 2.32 lakh crore in May 2016 to Rs 3.41 lakh crore at the end of May 2017, according to latest data available with the Association of Mutual Funds in India (AMFI).

Mutual funds see Rs 41,000 cr outflow in May from Rs 1.51 lakh cr inflows in previous month
Business

Mutual funds see Rs 41,000 cr outflow in May from Rs 1.51 lakh cr inflows in previous month

Total investment in mutual fund schemes stood at Rs 1.10 lakh crore in the first two months of the current fiscal

FATCA non-compliant accounts not blocked automatically
Business

FATCA non-compliant accounts not blocked automatically

The FATCA non-compliant bank accounts did not get blocked. Perhaps the patch for the software is not yet ready.

Investors exit gold ETFs, withdraw Rs 695 crore in 11 months
Business

Investors exit gold ETFs, withdraw Rs 695 crore in 11 months

According to the latest data available with Association of Mutual Funds in India (Amfi), a net sum of Rs 46 crore was pulled out of 14 gold-linked ETFs in February as compared to Rs 35 crore in January this year.

Equity MF inflow at Rs 6,500 cr in Feb; Rs 62k cr in 11 months
Business

Equity MF inflow at Rs 6,500 cr in Feb; Rs 62k cr in 11 months

Growing participation from retail investors and huge inflow in equity schemes have also helped increase the folio count.

E-payments, digitisation: Why is the govt muddying the waters once again?
Business

E-payments, digitisation: Why is the govt muddying the waters once again?

Keeping multiple slabs will compel small businesses to open two separate shops showing turnovers of under Rs.20 lakh per annum.