The global funds tracking body Morningstar ranks India on top of 26 countries, when it comes to regular monthly fund disclosures, according to Amfi chief executive NS Venkatesh.
The MF industry collected Rs 13,686.23 crore through SIPs in February 2023. Though marginally lower than the previous month’s inflows, AMFI CEO NS Venkatesh attributes this to a shorter month.
SEBI had permitted fund houses an additional expense ratio of 30 bps on new inflows (up to Rs 2 lakh) from retail investors for incentivising mutual funds garnering funds from B-30 cities.
SEBI has directed mutual fund industry players to incorporate GST and transaction costs to the Total Expense Ratio (TER) of mutual funds.
Despite fears around a recession in the US, Indian markets continued to witness flows likely based on expectations around growth in the Indian markets.
The announcement has come on the heels of Indian equity markets moving to a T+1 settlement cycle for all stocks.
While large fund houses have made money consistently, foreign fund houses have struggled, with a few exceptions.
In comparison, an inflow of Rs 1.14 lakh crore through the route was registered in 2021 and Rs 97,000 crore in 2020, data with the Association of Mutual Funds in India (AMFI) showed.
This was way lower than a surge of nearly 22 percent or an increase of close to Rs 7 lakh crore in the asset base to Rs 37.72 lakh crore in 2021.
In growth or equity-oriented schemes, small-cap funds got the highest inflows at Rs 2,244.77 crore followed by Rs 1,962.26 crore in mid-cap funds, data provided by the Association of Mutual Funds in India shows
The last two months have seen equity flows dwindle and investor funds moving into fixed income or debt mutual funds. Does this signal waning investor interest in equities for 2023?
Inflows into the open-ended equity funds slumped to Rs 2,258 crore during last month against Rs 9,390 crore in October.
One of the demands if for uniform taxation of capital gains from mutual funds and Unit-Linked Insurance Plans issued by insurance companies.
Periodically, the mutual fund body publishes a list that puts stocks in three categories--large cap, mid cap and small cap.
With the economic environment likely to become even worse before improving, a setback to retail participation in the markets may happen, but it will be temporary
A Balasubramanian would also be the ex-officio chairman of Amfi’s financial literacy committee and Gupta would be the chief of committee on operations, compliance and risk.
Investors are still showing keen interest in systematic investment plans (SIPs). Contributions to SIPs have gone up to Rs 12,693 crore in August, compared to Rs 12,139 crore in July. SIP accounts went up to 5.71 crore in August, compared to 5.61 crore in July
Hybrid funds - which invest in stocks as well as bonds - clocked an outflow of Rs 6,600 crore, a third straight month of withdrawal.
The number of SIP accounts also stood at an all-time high of 5.61 crore, and monthly SIP contribution was Rs 12,140 crore, the AMFI data showed.
Contribution through systematic investment plans – the preferred means of investing in mutual fund for individual investors - fell marginally to Rs 12,139 crore in July compared to Rs 12,275 crore in previous month
For the MF industry, the assets under management (AUM) was down by 4.2 percent, compared to previous month, at Rs 35.64 lakh crore as of June 30
Capital markets regulator Sebi has permitted mutual funds to again invest in foreign stocks within the aggregate mandated limit of $7 billion for the industry
This was much higher compared to a net inflow of Rs 15,890 crore in April, data from the Association of Mutual Funds in India (AMFI) showed on Thursday.
Systematic investment plans (SIP) have emerged as a preferred mode of investment in equity funds. SIP contribution for May stood at Rs 12,286 crore compared to Rs 11, 863 crore in previous month
Where there is a Will, it is easier for legal heirs to claim money lying with mutual funds that was left behind. But in the absence of a Will and Nominee, complications arise and paperwork mounts