A total of Rs 44,487 crore was collected through such investment plans in April-September 2018, as per the Association of Mutual Funds in India (AMFI).
BNP Paribas Asset Management is a subsidiary of BNP Paribas Asset Management Asia.
The new rule, applicable from April 1 next year, is aimed at improving risk management and ensuring sufficient liquidity, the Securities and Exchange Board of India (Sebi) said in a circular.
The mutual fund industry's total Average Assets Under Management (AAUM) came in at Rs 25.64 lakh crore last month as against Rs 25.81 lakh crore in the preceding month and Rs 25.2 lakh crore in August 2018.
With this, total SIP contribution in the first five months of the current fiscal rose to Rs 41,098 crore as compared to Rs 36,760 crore in April-August 2018, as per the Association of Mutual Funds in India (AMFI).
The move will help prevent the distressed assets from damaging the returns generated from more liquid and better-performing assets.
An industry official explained that who will take responsibility for goods lying in the warehouse of the custodian is one of the reasons why no one wants to assume the role of the commodity custodian
The change in valuation methodology could also hit funds with exposure to treasury bills and short-term securities
The third-largest pure-play mortgage lender had borrowed money from the fund house through the commercial paper route, but paid only half of the dues in June.
The document, targeting penetration in B30 (beyond the top) cities, was released in Mumbai in the presence of Sebi Chairman Ajay Tyagi and mutual fund industry officials.
According to data available with the National Stock Exchange (NSE), SBI Mutual Fund bought 24 lakh shares and Aditya Birla Sun Life MF purchased 7.5 lakh shares of the pharmaceutical company for Rs 1,708.45 apiece.
Oil India, which was in the top 10 sell list in June, has moved to the top 10 buy list in July.
The markets watchdog has issued a clarification regarding 'parking of funds in short-term deposits of scheduled commercial banks by mutual funds -- pending deployment'.
Total AUM of domestic MFs increased 1.2 percent MoM to Rs 24,50,000 crore in July after declining 6.5 percent in June, led by inflows in income and debt-oriented, equity and ETF schemes
The platform, BSE StAR MF, has around 26,500 independent financial advisors (IFAs) registered with them.
Given the concerns like weak auto sales which slumped to a 19-year-low in July, SBI Mutual Fund refused to give an outlook on the markets for the near-term, pointing to the 'volatilities' on both the domestic and global fronts.
Net inflows into equity schemes increased to Rs 8,092 crore in July
"Good performance of the stock market in 2017 where they were up about 28% amid declining interest rates on fixed deposits and savings accounts made MFs attractive for millennials," said Ankur Choudhary, co-founder and chief investment officer, Goalwise, an online mutual funds platform.
Kotak AMC's asset under management is Rs 1.7 lakh crore and of which Rs 50,000 crore is in equity.
In a written reply to the Lok Sabha, Union minister Anurag Thakur said that Sebi, in its regulatory oversight, has noticed various irregularities with respect to functioning of mutual funds like failure to identify and appropriate all the expenses in individual schemes as per regulatory requirements.
The scheme would allocate 65-80 per cent in equity and equity related securities and 20-35 per cent in debt and money market securities, the company said.
Canadian insurance multinational Manulife is entering the Indian mutual fund industry through a strategic stake buy in Mahindra Asset Management Company, a source in the financial industry told Moneycontrol.
NDIA tracks India's Nifty 50 Index, which holds the country's fifty-biggest companies listed on the National Stock Exchange (NSE), it said.