Page 4 - Amfi

Gold ETFs posts Rs 103 cr inflow in May, falls by 21 cr from April

Gold exchange-traded funds (ETFs), considered a safe haven during uncertain times, continue to glitter as they received a net inflow of Rs 103 crore in May. The development comes after a net inflow of Rs 124 crore witnessed in the asset class in April. Before that, investors withdrew Rs 266 crore from Gold ETFs in March, data from the Association of Mutual Funds in India (Amfi) showed. The slightly low inflow in May compared to the preceding month could be attributed to profit booking. Gold price came off its highs towards the second half of May on the back of positive news with regards to the US government raising the debt ceiling, thereby providing some buying opportunity, particularly after a sharp rally it witnessed since March this year, Melvyn Santarita, Analyst-Manager Research, Morningstar India, said. "With gold prices still trading at high levels, some investors would have chosen to book profits or take on risk on approach with a view that central banks would pause furthe

Amfi to form ethics panel to curb misconduct in asset management companies

The proposed ethics committee of Amfi, a nodal association of mutual funds in the country, is envisioned to be able to take action on a self-regulatory basis against individuals

Around Rs 2,637.94 crore lying unclaimed with mutual funds: Amfi data

Money is said to be unclaimed when the fund house is unable to make dividend and redemption-related payments to the investor through the online as well as offline channels

Gold ETFs inflow declines 74% to Rs 653 cr in FY23 on profit booking

Inflow in gold exchange-traded funds (ETFs) dropped 74 per cent year-on-year to Rs 653 crore in 2022-23, mainly due to profit booking in this asset class and investors' preference for equities. However, the asset base of gold ETFs and investors' account or folio numbers increased in the last fiscal, data from the Association of Mutual Funds in India (Amfi) showed. Most of the investors are still preferring equity-oriented mutual funds over the other asset, with the segment registering a net inflow of over Rs 2 lakh crore in FY23. Also, investors have redeemed their investments in gold in favour of other asset classes. According to data available from the Association of Mutual Funds in India (Amfi), 14-gold linked ETFs have seen an inflow of Rs 653 crore in the fiscal year that ended on March 31 this year. This was way below than Rs 2,541 crore inflow seen in the segment in 2021-22 and Rs 1,614 crore in 2019-20. Before that, gold ETFs witnessed outflows of Rs 412 crore in 2018-19, R

In changing investment geography, 'other cities' share in MF assets rises

Their share is six times higher than it was in March 2012

Arbitrage funds back in favour as market volatility boosts returns

Interest in low-risk equity products of mutual fund schemes see interest after extended period of outflows

Over Rs 100-crore relief for ETFs as Yes Bank three-year lockup ends

The lock-in on 75% of shares had led fund houses to markdown holdings in ETF and index funds to 'zero', as per recommendation from valuation committee of Amfi

The mutual fund industry is being vilified baselessly, says Amfi

Association of Mutual Funds in India (Amfi) has said the industry is being vilified baselessly as the segment has the lowest customer complaints in the entire financial market space, as it follows the most transparent and disclosure-based reporting. The global funds tracking body Morningstar ranks India on top of 26 countries, when it comes to regular monthly fund disclosures, according to Amfi chief executive NS Venkatesh. Amfi gets complaints from investors as well as distributors directly and also through the regulator Sebi, he added. On the basis of the type and nature of complaints, these are broadly classified into routine and serious complaints, he said. Routine complaints include non-receipt of dividends, non-receipt of account statement, non-receipt of commission and non-updating of record. Serious complaints are manipulation in application forms, malpractices followed in marketing units, funds and serious deficiencies in services provided by distributors, among ...

Investors pour Rs 15,700 crore into equity mutual fund schemes in Feb

February inflows most in nine months, debt schemes continue to struggle

Sebi frowns on assured returns, asks MFs to remove related ads, brochures

Says MFs using illustrations based on assumptions; disclaimers made in fine print can escape investors

Invest bulk of debt portfolio in funds that have 2-5-year average maturity

Avoid exiting from the category as most of the pain caused by rate hikes is behind us

Two new initiatives by Amfi ignite greater interest in MF distribution

24,000 new MF distributors join industry in 2022--that's 42% higher than 2021

Mutual fund's SIP investors redeemed over Rs 40K crore in H2CY22

SIP account redemptions were 36% higher than H1: Amfi

SIDBI to partner with AMFI to support Bengal's women entrepreneurs

Small Industries Development Bank of India (SIDBI) will partner with the Association of Microfinance Institutions of India (AMFI) to support women entrepreneurs in the backward districts of West Bengal. Deputy Managing Director of SIDBI, Sudatta Mandal, said that the women entrepreneurs will also be helped in terms of getting market and credit linkages. Speaking at the AMFI-WB micro-finance summit here, Mandal said SIDBI has already spearheaded the project in Odisha and it has been very successful. "Six backward districts of West Bengal have been identified for this purpose and 12,000 women will be given credit so that their incomes rise. This will be a two-year intervention by SIDBI," he stated. By this intervention, the average income of women will rise by at least 30 per cent, Mandal added. Alok Mishra, CEO of MFIN, a self-regulatory organisation (SRO) in the micro-finance sector, said the basic idea is of financial inclusion which had been the focus of successive governments s

Sebi allows active to passive ELSS switch for asset management companies

But regulator says AMCs must shut existing active scheme before offering a passive one

SIP of Indian mutual funds gathered Rs 13,573 crore from investors: Amfi

Last month's SIP contribution was much higher than Rs 11,305.34 crore that was invested in December 2021

Equity mutual funds added Rs 7,300 crore in December, shows Amfi data

Investors placed most bets on mid-cap and small-cap funds; liquid ones saw most outflows

Mutual fund industry AUM rises 5.7% to Rs 2.2 trillion in 2022: Amfi

The mutual fund industry added Rs 2.2 lakh crore to its asset base in 2022, driven by consistent monthly increase in SIP (Systematic Investment Plan) flows. The Assets Under Management (AUM) of the mutual fund industry rose by 5.7 per cent or Rs 2.2 lakh crore to a total Rs 39.88 lakh crore in 2022, data from the Association of Mutual Fund Industry (Amfi) showed on Tuesday. This was way lower than a surge of nearly 22 per cent or an increase of close to Rs 7 lakh crore in the asset base to Rs 37.72 lakh crore in 2021. "The industry grew at a slower pace in 2022 due to uncertainty in stock markets, and changing interest rate scenarios affecting the business environment at large. Understandably, investors have been in step with these changes by reallocating their investments between equity, debt and hybrid schemes," Gopal Kavalireddi, Head of Research at FYERS, said. While, the growth of 42-player mutual fund space in 2021 was mainly braced by a rally in the stock markets. The incre

Listen to the expert: Why a professional investment advisor matters

A Sebi-registered investment advisor is qualified to help you manage your finances

Three-fold growth in index fund AUM in 2022, ETF assets cross Rs 5 trn

Index fund growth led by debt schemes, with fund houses launching target maturity funds this year