Rising liquidity in domestic MFs is one of the biggest factors in driving rally on D-Street which is trading at record highs.
As of now, the AUM of the company stands at Rs 7,700 crore, which comprises Rs 7,200 crore in equities alone.
Pension Fund Regulatory and Development Authority (PFRDA) said that they are looking to have a systematic withdrawal plan for National Pension System (NPS) wherein individuals will have an option to have between 15-20 years where they can withdraw a fixed sum from their pension fund.
Fund houses are betting big on investments through systemic investment plan (SIP) to achieve the magical figure of Rs 20 trillion assets under management (AUM) for the industry by end of the current calendar year.
Satin Creditcare Network Limited (SCNL), one of the leading microfinance institutions reported its quarterly results for Q3FY17. The company experienced a weak quarter with a 10 percent fall in its assets under management (AUM)
Beating demonetisation blues, financial services major Reliance Capital saw its mutual fund business register 25 percent surge in Assets Under Management to Rs 1.95 lakh crore in the third quarter of the current fiscal and said it is on track to list home finance unit by April.
Mahindra Mutual Fund is targeting assets under management (AUM) of over Rs 5,000 crore in the next two years with distinct focus on rural and semi-urban markets.
"We have a very robust growth based on this tier I capital. So, our tier I capital with this infusion goes up to about 22 percent", HP Singh, Founder and MD of Satin Credit Care told CNBC-TV18.
SBI BlueChip Fund--launched by SBI Mutual Fund in 2006--figures among top performing large cap funds over one-year, two-year, three-year, and five-year timeframes. The scheme is ranked 1 in the large cap category by CRISIL for the quarter ended June 2016.
Reliance Capital reported 3 percent rise in profits for the first quarter of FY17 largely due to a one-time dividend payment to Reliance Nippon Life Insurance.
The company's microfinance book stands at Rs 1,000 crore in March 2016, which will atleast grow by Rs 250 crore every quarter, says Kapil Krishnan, CFO, Manappuram Finance
The company had earlier guided for a 10-15 percent AUM (assets under management) growth in FY17. But Muthoot says that if the strong performance from the company continues, it may report better numbers.
"India specific products tracking Nifty indices are very popular among the global investors. In the past one year, we have seen very strong demand for Nifty 50 based products in Asian countries including Korea, Taiwan, Japan and Hong Kong," Mukesh Agarwal CEO of IISL, an NSE group company said.
Assets Under Management (AUM) of ETFs based on Nifty 50 index has surged to Rs 8,533 crore as on March 31, 2016 from Rs 1,251 crore at the end of preceding financial year.
The industry's equity assets under management (AUM) rose to Rs 3.57 lakh crore last month as against Rs 3.06 lakh crore in April last year, according to latest data available with Association of Mutual Funds in India (AMFI).
Net profit of ECGC rose by 53 percent to Rs 276 crore in the fiscal ended March 31, from Rs 180 crore in the previous fiscal driven by robust investment income and better recoveries
Assets under management (AUM) stood at Rs 7676 crore, up 84 percent year-on-year (YoY), while the gross non-performing assets (GNPA) decreased to Rs 4.1 crore against Rs 6.3 crore sequentially.
Experts attributed the slump in assets under management (AUM) to sluggish inflow in equity and equity linked schemes.
Kapil Krishan, CFO of Manappuram Finance, says the company's cost of funds came down 50 basis points sequentially which aided to its net-interest margins (NIMS).
Max Life Insurance, the sole operating subsidiary held by the company, continued its consistent growth trajectory in quarter, with operating revenue growing 10 percent to Rs 2,243 crore and profits before tax growing 92 percent to Rs 140 crore over the same period last year, MFS said in a statement.
The total assets under management (AUM) are worth Rs 1.09 lakh crore while AUM per subscriber on average is Rs 95,000, a finance ministry statement said.
The industry's equity assets under management (AUM) rose to Rs 3.64 lakh crore last month, from Rs 2.83 lakh crore in December 2014, according to Association of Mutual Funds in India (AMFI). In November, the asset base of equity MFs read Rs 3.62 lakh crore
Peerless MF's AAUM shrank from Rs 2,283 crore in September 2014 to Rs 1,065 crore as in November 2015 as its liquid ultra short-term growth fund came down from Rs 2,027 crore to Rs 599 crore during the period.
While 40-60 percent of the fund will be invested in equity, remaining amount would go to debt and cash future arbitrage. The fund will comprise two plans - direct plan and regular plan - with each offering two sub plans, compulsory lock-in and no lock-in
In its first ever acquisition, Reliance Capital Asset Management (RCAM) today announced takeover of global giant Goldman Sachs' mutual fund business in India for Rs 243 crore in an all-cash deal as yet another foreign player exits the Rs 13 lakh crore Indian MF market.