Equity inflow drops 14% to Rs 35,943.49 cr in Nov but AUM surges to Rs 68,08,101.16 crore: AMFI data
Dec 10, 2024, at 12:22 pm
Mumbai: Inflows into equity mutual funds dropped by 14% in November, declining to Rs 35,943.49 crore from Rs 41,886.69 crore in October, according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday.
Monthly mutual fund SIP inflow hits all-time high, crosses Rs 25,000 crore mark for first-time
Nov 11, 2024, at 10:31 pm
Mumbai/IBNS: Monthly contributions to mutual fund SIPs (Systematic Investment Plans) reached an all-time high of Rs 25,323 crore in October, surpassing September’s figure of Rs 24,509 crore.
Invested Rs. 10,000 Monthly? This Mutual Fund Grew It to Rs. 5.41 Lakh in Just 3 Years!
Oct 21, 2024, at 09:57 pm
Investing in mutual funds has long been considered a reliable way to grow wealth, especially through the power of compounding and disciplined investment. For those who have been investing Rs. 10,000 monthly in a mutual fund investment, the returns can be quite substantial over time. One example that stands out is the SBI Magnum Benefit Fund Investment Plan, which has shown remarkable growth, turning regular monthly investments into significant returns in just three years. In this article, we'll explore how this fund performed, how mutual fund investments work, and why consistent investing can yield substantial gains.
SEBI permits mutual funds to buy and sell credit default swaps
Sep 21, 2024, at 06:30 am
Mumbai: The Securities and Exchange Board of India (SEBI) said on Friday that mutual funds can now both buy and sell Credit Default Swaps (CDS), a move aimed at enhancing liquidity in the corporate bond market, media reports said.
The Ultimate Guide to Choosing the Best Mutual Fund Calculator
Aug 27, 2024, at 11:43 pm
Mutual fund calculators are invaluable tools for investors seeking to estimate the returns on their investments, plan their financial goals, and make informed decisions. With numerous options available, selecting the best mutual fund calculator can significantly enhance your investment planning. This guide provides an overview of the key features to look for in a mutual fund return calculator, with a focus on how it can be used to evaluate investments such as the Nippon India Small Cap Fund.
Equity mutual fund inflows drop 9% to Rs 37,000 crore in July
Aug 09, 2024, at 11:12 pm
Mumbai/IBNS: Inflow in equity mutual funds slumped 9 percent month-on-month (MoM) to Rs 37,113 crore in July 2024 owing to the drop in fund infusion in large-cap, small- and mid-cap categories, reports said.
Mutual fund industry sees record growth in June 2024 with AUM reaching Rs 61,15,581.92 cr
Jul 10, 2024, at 01:46 am
The mutual fund industry's net Assets Under Management (AUM) reached Rs 61,15,581.92 crores in June 2024, showing a significant increase from Rs 58,91,160.48 crores in May 2024.
Total number of folios of Indian mutual fund industry doubled in last 5 years to touch 17.79 lakh cr
Apr 17, 2024, at 08:51 am
Mumbai: The total number of folios in the Indian mutual fund industry has nearly doubled in the last five years at 17.79 lakh crore in March 2024, up from 8.97 lakh crore in March 2020 on the back of increasing awareness and a growing interest among retail investors for investing in equities and bonds through the mutual fund route.
Indian mutual fund industry posts stellar performance in FY24; AUM jumps 35% to Rs 39.42 lakh cr
Apr 11, 2024, at 05:10 am
Mumbai: The Indian mutual fund industry has posted an impressive performance during the last financial year (2023-24), with the industry’s net Assets under Management (AUM) registering a growth of 35 percent at Rs 53.40 lakh crore as of March 31, 2024, as against Rs 39.42 lakh crore same period last year.
Equity fund inflows grow 23% to Rs 26,866 cr in February: AMFI
Mar 09, 2024, at 05:13 am
Mumbai: Inflows to open-ended equity funds surged by 23 percent to reach Rs 26,865.78 crore in February, marking the 36th consecutive month of positive inflows into equity funds since March 2021, according to data published by the Association of Mutual Funds in India (AMFI) on Friday.
Dynamic asset allocation: Adapting your mutual fund strategy to market changes
Feb 27, 2024, at 01:35 am
In any form of investment you do, staying agile and responsive to market shifts is required to get promising returns. One such strategy gaining prominence is dynamic asset allocation. This approach allows investors to adjust their mutual fund investments according to changing market conditions, aiming to optimise returns while managing risk. Read on to know the various aspects of dynamic asset allocation, its benefits, and important considerations.
Indian mutual fund industry AUM grows 33% YoY to Rs 53 lakh crore in Jan 2024
Feb 21, 2024, at 05:26 am
Mumbai: The net AUM of the mutual fund industry rose 33.11% YoY at Rs 52.74 lakh crore in January 2024, as against Rs 39.62 lakh crore in January 2023, according to a report.
Edelweiss Asset Management launches technology fund
Feb 16, 2024, at 02:53 am
Mumbai: Edelweiss Asset Management Limited (EAMC/EMF) announced the launch of the Edelweiss Technology Fund, an open-ended equity scheme investing in technology and technology–related companies.
DSP Mutual Fund appoints Chirag Joshi as Head of Distributor Success & B2B growth
Feb 14, 2024, at 02:21 am
Mumbai: DSP Mutual Fund announced the appointment of Chirag Joshi as Head of Distributor Success and B2B Growth.
Comparing mutual fund returns with a mutual fund calculator
Feb 04, 2024, at 02:49 am
Most banks and financial institutions host online mutual fund calculators on their sites to help investors calculate their mutual fund returns online. Investors can use mutual fund calculators to assess their investment strategies by checking if their expected returns match the returns calculated by the calculator.
HDFC Mutual Fund opens 24 new branches to bolster Mutual Fund penetration
Jan 05, 2024, at 04:31 am
Mumbai: HDFC Mutual Fund has opened 24 new branches across India as a strategic expansion initiative aimed at increasing penetration of mutual funds in India, a press release said on Thursday.
Dec 27, 2023, at 07:21 am
Mumbai: The Indian mutual fund industry, which has witnessed a 125 percent surge in net inflows and around 24% percent growth in Assets under Management (AUM) since the beginning of this calendar year, is likely to sustain its growth momentum in 2024 backed by strong macroeconomic fundamentals of the Indian economy and resilient earnings growth, according to ICRA Analytics.
Axis India Manufacturing Fund's NFO collects over Rs 3,400 cr investment
Dec 23, 2023, at 06:16 am
Mumbai: The Axis India Manufacturing Fund's new fund offer (NFO) has garnered more than Rs 3,400 crore, marking the highest-ever collection in a thematic fund in 2023, a press release said.
Indian mutual fund industry posts stellar growth in inflows across most fund categories
Nov 12, 2023, at 11:57 pm
Mumbai: The Indian mutual fund industry registered a stellar performance with net inflows growing by a whopping 473 percent at Rs 80,528 crore in the month of October 2023, as against Rs 14,047 crore in October 2022.
SEBI modifies offer document format of mutual fund schemes
Nov 02, 2023, at 02:04 am
Mumbai: In order to enhance the efficient dissemination of relevant information to investors, the Securities and Exchange Board of India (SEBI) has modified the format that asset management companies (AMCs) use for submitting offer documents of mutual fund schemes.
RBI permits SBI Mutual Fund to acquire 9.99% paid-up share capital in IndusInd Bank
Oct 12, 2023, at 05:04 am
Mumbai: The Reserve Bank of India (RBI), on Wednesday, granted permission to SBI Mutual Fund (SBIMF) to acquire up to 9.99% of paid-up share capital or voting rights in Induslnd Bank.
Zerodha AMC gets approval; industry veteran Vishal Jain to be the CEO
Aug 12, 2023, at 08:37 pm
Mumbai: Zerodha founder Nithin Kamath announced that the discount broker has obtained the necessary regulatory approval to establish an asset management company (AMC).
Mahindra Manulife Mutual Fund introduces ‘Power SIP Facility’
Jul 10, 2023, at 09:56 pm
Mumbai: Mahindra Manulife Investment Management Private Limited announced the launch of a new facility called ‘Power SIP’, under the scheme(s) of Mahindra Manulife Mutual Fund. This facility combines the features and benefits of Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP), enabling the investors to t reap the maximum benefits of power of compounding (SIP) in the form of a steady flow of income (SWP).
Canara Robeco Mutual Fund sees substantial AUM growth in the last 5 years: AMFI
Jun 23, 2023, at 02:03 pm
Kolkata: Canara Robeco Mutual Fund, the second oldest fund house in India, has seen its assets under management zooming by 400% in the last five years, reaching Rs 62,544 crore as on 31st March, 2023 from Rs 12,532 crore on 31st March, 2018 as per the data published by AMFI.
Kotak MF launches Kotak Nifty 200 Momentum 30 Index Fund; NFO closes on June 8, 2023
Jun 01, 2023, at 02:48 am
Kolkata: Kotak Mahindra Asset Management Company Ltd (Kotak Mahindra Mutual Fund) has launched Kotak Nifty 200 Momentum 30 Index Fund, an open-ended scheme replicating/tracking the Nifty 200 Momentum 30 Index.
Mutual Fund Industry March 2023 Net AUM at Rs 39,42,031 cr: AMFI
Apr 14, 2023, at 04:11 am
Mumbai: Mutual Fund Industry Net AUM stood at Rs 39,42,031 crores, while AAUM was Rs 40,04,638 crores in March 2023, showed AMFI Mutual Fund Industry data.
CCI approves LIC MF arm's acquisition of IDBI MF
Mar 23, 2023, at 05:16 am
New Delhi/IBNS: The Competition Commission of India (CCI) has approved the proposed acquisition of the management rights over the schemes of IDBI MF from IDBI Asset Management Limited by the LIC Mutual Fund Asset Management Ltd.
Bajaj Finserv gets permission to launch mutual fund business
Mar 02, 2023, at 04:21 am
Mumbai: Non-banking financial services company Bajaj Finserv Wednesday said it has obtained the licence to launch its mutual fund business, Reuters reported.
Finance Ministry allows PSUs to invest in debt schemes of all mutual funds
Dec 08, 2022, at 06:52 am
New Delhi: The Finance Ministry through a memorandum on Tuesday allowed Public Sector Undertakings (PSUs) to invest in debt schemes of all mutual funds.
SIP contribution in September 2022 jumps to highest ever Rs 12,693 lakh crore: AMFI
Oct 11, 2022, at 02:27 am
SIP contribution in the month of September 2022 increased from Rs 12,693.45 lakh crore to the highest ever Rs 12,976.34 lakh crore with the number of SIP accounts standing at 5,83,77,684, according to data released by the Association of Mutual Funds of India (AMFI).