The number debt scheme folios down 6% in 12 months to September 2022, equity MF folios have surged 21%; Passive schemes, which includes ETFs and index funds, have grown the fastest at 56%
Large-cap companies are known to weather the market storm better, while smaller stocks tend to fall more during volatile market conditions
The growth has come on the back of healthy growth in the order books of defence companies amid the government's focus on indigenisation and surge in exports
HSBC MF to subsume MF schemes being operated by L&T MF
The comparatively high growth in outflows has weighed on the net inflows in equity and hybrid schemes between June and August
Restrictions on redemptions from such accounts is already in place since 2019
SIP inflows surged 2 per cent month-on-month (MoM) in September to Rs 12,980 crore, according to the latest data released by the Association of Mutual Funds in India (Amfi).
The common platform for MF transactions logs 350,000 registrations and 10,000 monthly logins
Line up new fund offers following sharp outperformance by stocks in the space
Average AUM rises 2%, against a 20% increase in full-year FY22
Regulator also unhappy with phase-1 of two-factor authentication framework, asks Amfi for schedule and progress reports
The trend is completely the opposite with smallcaps, with 80% schemes surpassing their benchmarks
Foreign investors pull out Rs 12,000 crore after pumping in Rs 60,000 crore in July, August
Dollar gains help Nasdaq pip Nifty gains over a three-period
Retail investments in MF rise as flows into bank deposits drop
Of every Rs 100 AUM of top 10 fund houses, ETFs and index funds accounted for Rs 14 in the first quarter of FY23
But their share in SIP AUM hasn't grown proportionately; 'regular' plans still dominate despite higher expense ratio
Amfi shall take necessary action i.e. blocking of such MF distributors for a period of six months: Sebi
At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally
10 out of 16 schemes have delivered below 6% returns in one year; Category AUM still a fraction of pre-pandemic level