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Equity mutual funds attracted net inflows of Rs 25,978 crore in February, marking a 8 per cent rise from the previous month amid the India-US trade deal, according to data released by industry body Amfi on Tuesday. This lifted the industry's Assets Under Management (AUM) to Rs 82 lakh crore in February from Rs 81 lakh crore in January. This positive inflow in equities could be driven by the India-US trade deal, Venkat N Chalasani, CEO of Amfi said. "There could be some volatility in this month due to escalating Middle East conflict involving the US, Israel, and Iran but India's growth story will continue in the long-term," he added. Going by the data, equity inflows rose to Rs 25,978 crore in February, higher than the Rs 24,028 crore seen in the preceding month. Within equity schemes, flexi cap funds attracted the highest net inflow of Rs 6,924.65 crore, followed by mid-cap funds at Rs 4,003 crore and small-cap funds at Rs 3,881 crore. Sectoral and thematic funds also saw inflo
Markets regulator Sebi on Friday introduced a voluntary debit freeze facility for mutual fund investors across demat and non-demat folios to promote their digital security. The facility, which will become effective from April 30, ensures that no units are debited from mutual fund folios until they are unlocked. "It is decided that a voluntary debit freeze facility be introduced for mutual fund investors across demat and non-demat (i.e. Statement of Account) folios to ensure that no units shall be debited from such folios till the time they are unlocked," Sebi said in its circular. In the first phase, the facility to lock the folio would be provided to mutual fund investors by the RTAs (Registrar and Transfer Agent) through MF Central platform. The facility will only be available to KYC-compliant investors who have a valid email ID and mobile number (both mandatory). Industry body Amfi will prescribe the detailed process for locking and unlocking folios to all asset management ...