In comparison, the figure was Rs 90,014 crore at the end of May 2016. Banking continues to be the most preferred sector with the fund managers as they cannot afford to take a bearish call on banking stocks, given the high weightage attached to the index.
Investors, who’re largely unaware of the hidden commission cost, presume mutual funds to be free
Mutual funds are a way for savers to put their money to work in asset classes of their choice
Redemption pressure gripped mutual funds which led to fall in total category wise asset under management (AUM) by 1.2 percent on a sequential basis to Rs 19.03 lakh crore in May 2017, IDBI Capital said in a report.
Morningstar Investment Adviser Director of Fund Research Kaustubh Belapurkar attributed the outflow to withdrawal from liquid funds, which are susceptible to sharp inflows and outflows as corporates park short term money in these funds.
This also marks the 14th straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016.
Reliance Nippon Life Asset Management (RNAM) has got approval from its board of directors for an initial public offer of AMC.
The fund house is bullish on financials, consumer discretionary, and cement
In comparison, the assets under management (AUM) of the MF industry, comprising 42 players, were at an all-time high of Rs 19.26 lakh crore at the end of April, as per the data of Association of Mutual Funds in India (Amfi).
Earnings growth in the economy will pick up from FY18-19 onwards, says Anand Shah, Deputy CEO & CIO, BNP Paribas MF.
In an interview to CNBC-TV18, A Balasubramanian, CEO of Birla Sun Life Asset Management Company gives some perspective on what one can do with their mutual fund investments in these interesting times.
This move is expect to impact tax collection and the Indian economy at large
To improve ease of doing business, markets regulator today launched an online registration mechanism for mutual funds.
The fund house proposes to offer 3 plans of tenure ranging between 24 and 66 months.
The open-ended equity scheme will invest at least 70 percent of its corpus in equity and equity related securities of banking and financial services companies.
Instant redemption facility offered by mutual funds in liquid schemes is attracting retail investors
Ballarpur Industries has made partial payment of only Rs 4 crore to IDBI Mutual Fund while the remaining Rs 26 crore is still pending
WealthApp aims to help the middle-income groups and retail investors simplify their financial planning and wealth management process.
"Indian investors have now eventually assimilated mutual funds and the credit goes to awareness programs and endeavours by regulators and AMCs in mutual fund industry," Bajaj Capital CEO Rahul Parikh said.
Atul Bhole of DSP Blackrock also said that he preferred corporate lenders as well as oil & gas, but was wary of ahead-of-fundamentals rally in real estate.
The assets under management (AUM) of equity MFs scaled a record high of Rs 5.69 lakh crore at the end of April 2017 from Rs 5.43 lakh crore at March-end.
Mutual fund managers net purchased stocks worth close to Rs 10,000 crore in April, making it the highest investment in five months, on sustained participation by retail investors.
On CNBC-TV18's special show Mutual Fund Day - Financial Plan series watch Aditya Shah's financial planning journey.
In comparison, 59 lakh folios were added in the preceding fiscal. In the last two years, investor accounts have increased following robust contribution from smaller towns.
Nearly 22 stocks in which MFs increased stake returned over 50 percent in the last one year.