Equity folios halved too from 10.6 lakh folios in October to 4.91 lakh folios in December. Equity funds include pure equity, ELSS and balanced funds.
Crude price and fiscal stance in an election year will be key risks in 2019. NBFC slowdown and weak global growth are other worrisome factors.
Corporate profits had declined over the past decade to a 15-year low due to factors such as slower economic growth, high leverage, demonetisation and GST implementation.
Liquid or money market funds saw outflows of Rs 1.49 lakh crore in December 2018
In the last quarter ending September 2018, HDFC Mutual Fund had stood at the second spot behind ICICI MF with quarterly average assets of Rs 3.06 lakh crore
The chosen AMC will have to launch and manage the debt fund, in collaboration with the government and an external advisor
The IT sector has been riding on good earnings show by the IT giants in India. The depreciating rupee in the last few months boosted the fortunes of technology sector
Flows remained strong through the year: in November 2018, close to Rs 8,000 crore came into MFs through systematic investment plans (SIP)
The asset under management (AUM) of the industry rose by 13 per cent to Rs 24 lakh crore in 2018 by November-end itself, up from Rs 21.26 lakh crore at the end of December 2017, data available with the Association of Mutual Funds in India (Amfi) showed.
The AUM of the mutual fund industry currently stands at Rs 24 lakh crore.
With this, the total inflow in equities has reached over Rs 82,200 crore during the current financial year so far (April-November), according to data from the Association of Mutual Funds in India (Amfi).
The transaction will make DPAM a wholly-owned business of PGIM, the global asset management business of Prudential Financial.
There was a need to review valuation norms in order to ensure interest of incoming, outgoing and existing investor is protected.
SEBI allowed side pocketing after multiple defaults by Infrastrucure Leasing and Financial Services (IL&FS)
The IT sector has been riding on good earnings show by the IT giants in India. The depreciating rupee is in the last few years boosted the fortunes of the technology sector
With the latest inflow, the total infusion in mutual fund (MF) schemes reached about Rs 2.23 crore in the first eight months (April-November) of the current fiscal, latest data with the Association of Mutual Funds in India (Amfi) showed.
Asset managers said that volatility and uncertainty in other asset classes have prompted investors to turn to safe-haven investments
Kalpen Parekh of DSP MF advised investing in index funds provide better returns
While current valuations are not cheap, the fund house expects a further pick-up in earnings
Mutual funds experts said that investments via systematic investment plans continued despite volatile equity market last month
Among international funds, the worst hit scheme was Kotak World Gold Fund that gave a negative average return of 10.58 percent
After the recent default at IL&FS, which hit liquid schemes, fund houses are now looking at overnight funds, which are less risky than liquid funds
The sale could happen through a combination of primary capital infusion or a secondary stake sale or a combination of both
According to a source, Pimple is serving his notice period at Reliance Mutual Fund. Where he is headed next is unknown
The SRO for mutual fund distributors will be responsible for micro-regulations of its members