Page 5 - Amfi

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

Expect MF AUM to cross Rs 80 trillion by 2028: Amfi CEO N S Venkatesh

'Strong regulations are crucial for the orderly development of the market. Even a slip-up can break the trust of investors. We welcome the Sebi regulations'

Mutual fund investors redeem Rs 10,000 cr from SIP accounts in Nov

Net SIP investments at Rs 3,260 cr in Nov, the lowest since Oct 2021

SIP closure ratio surges to 51% in 2022 from 41% in 2021: Amfi data

Until end-November, 23 million new SIP accounts were registered, compared with 22 million during the same period in 2021 - a growth of 6 per cent

Profit booking shrinks equity MF inflows in November to 21-month low

Redemptions rise 60% month-on-month to Rs 26,030 crore in November, the highest since September 2021

'Do not see any reason for SIP flows to change course significantly'

Investors can continue and add SIPs or STPs (spread over next six months rather than lump sum) into midcap funds, with a five year time horizon

Sebi asks mutual funds to take action against fake Telegram groups

MFs told to issue press release and file FIR against misleading groups

Budget 2023 demands: Mutual Fund body asks for preferential tax treatment

To encourage retail investors to invest in yellow metal through mutual fund route, industry body Amfi has asked the government for preferential tax treatment for Gold ETFs and Fund of Funds ahead of the Union Budget. In its budget proposals for 2023-24 to the finance ministry, Amfi has proposed that Gold ETFs and Fund of Funds (FoF), which invest 90 per cent or more of their corpus in units of Gold ETFs, should be subjected to long-term capital gains tax of 10 per cent instead of 20 per cent with indexation benefit. Alternatively, it has suggested that holding period to avail long-term capital gains taxation in respect of Gold ETFs (exchange traded funds) should be reduced from existing three years to one year. "A preferential tax treatment to financial gold offerings like Gold ETFs and Fund of Funds ...will promote the category as a gold investment avenue over other fiscally inefficient avenues like physical gold and gold jewellery. This move will be in line with the government's

Passive funds: Select ones with low tracking error, say experts

In case of an ETF, prefer those that also have large trading volume and AUM

Investors pull out big money from debt funds despite attractive yields

Fund managers and MF distributors expect net inflows to turn positive after completion of rate hike cycle

80% of net SIP investments in Sept go into active equity schemes: Data

Investment advisors recommend the SIP route for investment in volatile asset classes to maximise the benefit of rupee cost averaging