Page 10 - Amfi

LIC agents earn Rs 14,220 cr in Apr-Dec 2019, twice as much as MF sellers

Commissions paid by LIC on first-year premiums grew at a sharp pace of 46% YoY in December quarter

Mutual Fund folio influx hits 3-month high in Oct; 600,000 accounts added

Industry experts said the addition of folios indicates investors' understanding about market risks associated in the mutual fund schemes

Mutual fund investments via SIPs rise 3.2 per cent to Rs 8,246 cr in Oct

SIP continued to be the preferred route for retail investors to invest in mutual funds as it helps them reduce market timing risk, the industry body noted.

Mutual fund AUM rises 7.4% to Rs 26.33 trn in October on high equity inflow

Fund managers attributed growth in the asset base to higher retail participation and robust inflows in equity schemes and liquid funds

MFs focus on large-cap in Q2, markets bet on public sector companies

Fund managers say PSUs look attractive as valuations are cheap and possibility of strategic sales offers room for value unlocking

FEMA norms may raise investment bar on foreign-owned mutual funds

Funds will have to adhere to sectoral caps and restrictions applicable to foreign investment in Indian equities

Sebi formalises graded exit load structure on liquid funds

In a letter, it informed the Association of Mutual Funds in India (Amfi) that it approved of the proposal on graded exit loads made by the industry body

BS Fund Manager: Can mutual funds win back the confidence of investors?

Given the recent credit events and equity market volatility, the going may not be easy for fund houses

BS Fund Manager: Credit events unlikely to halt industry's growth story

Seven top executives discuss the road ahead for the fund industry, how they plan to restore investor confidence and woo millennials

Avoiding mistakes, betting on quality helped us do better: Anurag Mittal

While Mittal believes that time spent in market is a positive and can be helpful, there is no magic number of between 30 and 35 years at which to set a minimum threshold for experience, as per him

Mutual fund penetration poor in most states; way below global average

Many have mutual fund assets which are less than 2% of economic output

Sebi tells mutual funds to enforce Amfi guidelines

The Amfi guidelines also ask intermediaries to refrain from recommending inappropriate products

Amfi slow in using entrusted money

Putting structure in place, it's a big sum to be accountable for, it says

Average AUM surges to record high of Rs 14.4 lakh cr

Buoyant inflows in equity and short- maturity debt funds lifted average assets under management of the country's mutual funds in the quarter ended June to a new record and above the Rs 14 trillion mark for the first time, says a report. At Rs 14.41 trillion, average AUM beat the previous high of Rs 13.53 trillion logged in the previous quarter and was up by 6.47 per cent or Rs 875.83 billion - also a record in absolute gain-over the quarter, a report by Association of Mutual Funds in India (AMFI) said. It said equity funds' AUM spurted 7.59 per cent or Rs 334.18 billion to a record Rs 4.74 trillion. Robust inflows of Rs 91.59 billion (April-May data) and mark-to market gains as the equity market, as represented by the Nifty 50, gained over 7 per cent in the quarter, helped. Short-term debt funds saw assets swell by Rs 100.05 billion to a new high of Rs 1.60 trillion, way above the Rs 15.25 billion growth seen in the preceding quarter. Ultra short-term fund assets rose Rs 139.97 ...