Page 23 - Abhishek Kumar

Index fund folios up 12-fold since March 2020: Zerodha Fund House

Data from the Association of Mutual Funds in India (Amfi) pegs the index fund retail accounts or folios at 7.2 million in March 2024

Gold and overseas exchange-traded funds likely to get the tax edge

While gold, silver, and international exchange-traded funds (ETFs) will qualify for the 12.5 per cent LTCG taxation in 12 months as they are listed on exchanges

Investors hold on to gold ETFs even as prices slump after custom duty cut

Adjusted for fall in NAV, AUM of gold ETFs remain unaffected

Budget 2024 brings relief for gold ETFs, equity FoFs, international schemes

According to MF officials, these offerings had unintentionally got classified as debt funds last year, and this budget makes a course correction

MF AUM increases to 29% of bank deposits on equity rally, inflows

In the financial years ending March 2023 and March 2022, MFs had cornered over 6 per cent of household savings. In FY21, this figure had been a mere 1.3 per cent, according to RBI data

Street Signs: Rural-focused themes in focus, Block deals slow, and more

After record share purchases in recent months, mutual funds (MFs) have eased off the buying pedal

MFDs cash in big: Commissions increase over 20% on market liftoff

SBI hits the mother lode: Rs 1,000 crore payoff from its mutual fund

Budget: Amfi calls for lower debt fund taxation, tweak in FoF tax rules

Proposal follows removal of indexation benefits from debt funds in the Budget 2023

Negative surprise on fiscal deficit unlikely in Budget: Nippon India MF CIO

The current government, right from 2014, has shown an inclination to maintain fiscal discipline, he says

New asset class to foster innovation, raise competition, say experts

Industry experts believe it may eat into some of the existing assets of MFs, PMS

Fraud detection framework: Quant MF affair triggers rush to apply new rules

Large AMCs to expedite setting up of institutional mechanism

Six firms in queue for MF licence; AlphaGrep Securities latest applicant

AlphaGrep Securities joins Jio and two others in line for in-principle approval

Outflow rise from SIP accounts in H1CY24 slows growth in net inflows

Recoveries from SIP accounts in June stood at over Rs 10,000 crore for seventh straight month

Mutual funds equity AUM surges past Rs 30 trillion in June, shows data

The report noted that the 8.7 per cent month-on-month rise in AUM was fueled by a rise in market indices and a jump in fresh inflows

Quant MF confirms reports of search and seizure ops for the first time

Quant MF claims to have received no further communication from the regulator since the searches were conducted

Mutual funds rake in record Rs 14,370 crore via equity NFOs in June

At Rs 37,885 cr, collection in H1CY24 surpasses entire 2023 mopup

Quant MF gets new CFO, says move unrelated to Sebi investigation

Says previous CFO Harshal Patel had resigned in February

Mutual funds bought over Rs 46,000 crore HDFC Bank shares in H1CY24

Apart from HDFC Bank, the stocks that saw the highest MF buying include Indus Towers, Mphasis, Vedanta, Infosys, and TCS. The total investments in the two IT majors stood at Rs 4,870 crore

Anand Rathi Wealth Q1 net profit surges 38%; Canara Robeco MF launches BAF

Total revenue also jumped 38 per cent to Rs 245 crore, the wealth management firm said

Kotak MF launches BSE PSU Index Fund; currently comprises 56 PSU stocks

BSE PSU Index has doubled in the last one year, owing to strong momentum in PSU stocks