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
Nearly 40% NFOs filed since July are for these passive debt funds
Can WhiteHat Jr, a platform for childern to learn coding, establish itself in a market that is expected to grow exponentially? Abhishek Kumar explores
The unorganised nature of the fitness sector augurs well for fit-tech start-up Fitternity's growth
The start-up's working is similar to that of ride-sharing services, except that all vehicles are owned by the company and its mobile app is not the only way to book a ride
The rising internet and smartphone penetration in India augurs well for the start-up PublicVibe
There are a slew of start-ups providing the technology boost to salons and spas through SaaS (software as a service) offerings
CollegeDekho and the entire sector have a lot going in their favour, but future will depend on how they adapt to the latest technological advancements