In comparison, mutual funds saw an outflow of close to Rs 41,000 crore in May. Prior to that, Rs 1.51 lakh crore were invested in April.
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).
The AMFI held its Mutual Fund Summit 2017 and CNBC-TV18's Anuj Singhal was there to moderate a star-studded panel of the top fund managers and on top of everyone's mind was of course the GST!
The AUM of the mutual fund industry is expected to touch Rs 95 lakh crore by 2025, said Association of Mutual Funds of India Chairman A. Balasubramanian.
"India's mutual fund industry is today poised for its Jan Dhan moment," Ambani said here at an event of the Association of Mutual Funds in India (Amfi).
With systematic investment plans or SIPs -- adding Rs 5,000 crore per month, the industry is finally getting long-term money.
Investors, who’re largely unaware of the hidden commission cost, presume mutual funds to be free
Mutual funds attributed the increased interest in SIPs to investor education and robust performance of equity schemes
Contribution of small towns -- known as beyond the top 15 cities (B15) -- to mutual funds' asset base in India surged 47 percent on year
Equity-oriented schemes accounted for 54 percent in B-15 cities in April 2017
Instant redemption facility offered by mutual funds in liquid schemes is attracting retail investors
According to data on the Association of Mutual Funds in India, the mutual fund industry witnessed inflows of Rs 4,269 crore in April as against Rs 4,355 crore a month ago, registering a drop of Rs 86 crore.
Trading in gold ETF segment has been tepid during the last four financial years. It had witnessed an outflow of Rs 903 crore, Rs 1,475 crore and Rs 2,293 crore in 2015-16, 2014 -15 and 2013-14 respectively.
Association of Mutual Funds in India has asked fund houses to freeze non-FATCA compliant accounts
Association of Mutual Funds in India (AMFI) reports a monthly inflow of US$ 650 mn through SIPs (Systematic Investment Plans) in March, reflecting the increased interest in recurring savings allocations.
Market players attributed the phenomenon to continuous participation from retail investors through systematic investment plans (SIPs), along with positive returns from equity funds and steps taken by asset management companies to create awareness among investors.
According to the Association of Mutual Funds in India (Amfi) data, a net of Rs 3,43,049 crore was invested in these schemes last fiscal ended March 31, more than double of Rs 1,34,180 crore seen in 2015-16.
Even as top 10 fund houses have ramped up their businesses by almost 40 percent in fiscal 2017, their dependence on promoter groups has also gone up, which rose to 4 percent or over Rs 57,600 crore this year.
The industry, comprising 43 active players, had an average assets under management (AUM) of Rs 17.37 lakh crore at January-end, the latest data of the Association of Mutual Funds in India (AMFI) showed.
Gold ETFs can be preferred to investing in physical gold since they are easy to hold. Being in dematerialised form, it helps in saving on storage cost and reduces security risk. Pricing is also transparent.
The industry, comprising 43 active players, had an average assets under management (AUM) of over Rs 16.46 lakh crore at December-end, the latest data of the Association of Mutual Funds in India (AMFI) showed.
While 'Budget-watching' is entertaining, one particular Budget is usually not a life-changing event. Hence, pay more attention to your individual budget all year-round
The 401k plans are very popular in the US and act as additional retirement savings for citizens beyond pension plans provided by the government and their employers. Along with tax benefits, these plans are also known to provide good returns to their investors.
AMFI has proposed for debt linked savings scheme under Sec 80 CCC of Income Tax Act. â€œWe have proposed for debt-linked savings scheme (DLSS) to be included under the Sec 80 CCC limit,â€ said a mutual fund source who is also in the AMFI committee
Comprising 43 active players, the industry had assets under management (AUM) of over Rs 16.28 lakh crore at the end of October, which was the previous all time high, rising to Rs 16.50 lakh crore in November-end, as per the latest data by Association of Mutual Funds in India (AMFI).