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In February, 49.80 million new SIP accounts were registered, compared with 51.84 million a month ago — down 4 percent. Discontinuations fell 10.3 percent during the period, from 21.33 million to 23.8 million, data from the Association of Mutual Funds in India shows
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A consistent 30 lakh fresh additions every month since July has driven the SIP registrations for FY24 above the the combined figure for FY23 and FY22, according to the Association of Mutual Funds in India (AMFI)
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These are some of the milestones that mark what’s set to be a blockbuster year for India’s mutual funds industry. Powered by an insatiable thirst for financial gains, millions of young Indians armed with smartphones have taken to equity investments in the world’s most-populous nation.
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Equity mutual funds witnessed positive momentum for the 16th straight month in June.
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All time high inflows suggest that the third wave has not dampened investors’ enthusiasm for equity mutual funds
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The dip in the valuation of the AMC stocks is in contrast to the favourable industry trends and presents an investment opportunity
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ABSL MF will continue to be one of the key beneficiaries of the structural growth in the MF industry
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With positive net flows into equity schemes for six months in a row, stocks of 3 listed AMCs and CAMS remain in focus
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In comparison, such funds witnessed a net inflow on Rs 22,583 crore in July on huge investments in flexi-cap category, data from the Association of Mutual Funds in India showed on Wednesday.
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With the ebbing of the virus risk and equity markets scaling new highs, investors poured in Rs 20,742 crore in equity schemes in July — more than a four-fold rise over June
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At present, mutual funds maintain current accounts in multiple banks including in banks having presence beyond the top 30 cities (B-30 cities), for receiving subscription amount and for payment of redemption proceeds, dividend brokerage and commission.
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As India continues on its growth journey, the fund house aspires to be a wealth creator for every Indian, with an audacious vision to be the most respected asset manager in the world, Munot added.
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Swing pricing should be made applicable to all unitholders with an exemption for redemptions up to Rs 2 lakh for all unitholders and up to Rs 5 lakh for senior citizens at a mutual fund level.
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Regular investing in MF schemes reached a new milestone, with SIP accounts crossing 4 crore and SIP AUM reaching an all-time high of Rs 483,964 crore
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The value of the notional principal in such cases must not exceed the value of respective existing assets being hedged by the scheme.
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Sectoral tailwinds, attractive valuation and improving market share make UTI AMC a worthy bet
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The peaking of second wave seems to have boosted investor enthusiasm about equities and has drawn them back to mutual funds
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This was way higher than Rs 3,437 crore net inflow seen in April and Rs 9,115 crore in March, data from the Association of Mutual Funds in India showed on Wednesday.
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Given the robust return ratios and CAMS’ vantage positioning, the premium valuation will sustain
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With positive flows in equity schemes in the past couple of months, mutual funds have turned saviour for equity markets as they are seen absorbing the selling by FPIs
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The second Covid wave and partial lockdowns perhaps could limit investors’ enthusiasm for direct equity and draw them back to mutual funds
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The regulator has done a fine balancing job as the revised valuation norms will protect investors while minimising the adverse impact on mutual funds and banks
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SEBI’s move on valuing AT1 bonds will protect investors, but may kill the market for these bonds
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Indian investors seem to be taking advantage of the lower domestic prices caused due to a combination of falling international gold prices, appreciating rupee and reduction in custom duty, said Shah
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The step of limiting the exposure of debt funds in such instruments and putting in place restrictions on the exposure towards a particular issuer as well is a good step as it reduces the risk.
