LIC MF ranks 23rd among fund houses in terms of assets under management (AUM). In the September 2023 quarter, the fund house's average AUM was Rs 24,257 crore
Mutual funds' average holding in Smallcap 250 Index companies peaks at 9.26%
The industry's overall AUM rose 5 per cent to Rs 49 trillion, largely owing to the value appreciation of equity holdings
Net lump sum investments jump manifold during Aug-Oct period
The assets under management of active smallcap schemes experienced a slight decline, even as smallcap indices registered double-digit gains in November
Active equity schemes have raked in a net Rs 1.3 trillion in the first 10 months this year
Industry onboards 11,600 distributors since April, over 2x FY23's
Nifty ascends 5.5% in November, marking its strongest increase in 16 months
Extended drop in US bond yields and dollar fuels optimism of earlier-than-expected interest rate decline
Improved share of assets outperforming benchmarks to propel growth, says KIE
AUM, which took 24 mths to go from Rs 30 trn to Rs 40 trn, will add next Rs 10 trn in 12 mths
We believe US rates have peaked, and the US Federal Reserve can start easing in the second half of 2024. However, the same cannot be said for Indian policy responses
SIP account additions and SIP inflows from B30 have been growing at a faster pace than from T30
Two fund managers have left Kotak Mahindra AMC recently - Pankaj Tibrewal and Harish Krishnan. However, two more fund managers will soon join its team, the company said
Government bond funds net Rs 2,000 crore investments in October
Most believe that debt funds will attract higher flows over the next 12 months as the interest rate trajectory could trend lower throughout the year
Bhan mentions that sectors such as automotive (auto), pharmaceutical (pharma), and industrials have performed particularly well in the ongoing result season
The net inflows were also supported by the surge in investments coming through the systematic investment plan (SIP) route
The announcement on transaction charges brings the much-needed clarity to such platforms ahead of the end-November deadline for choosing between the two options
At the end of September, the regulator had only 2 pending applications