Page 10 - Aum

MFs struggle to crack B30 code, shares remain in 15-17% range of AUM

Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors

Consumer financier Bajaj Finance's asset under management grows 4% YoY

In Q4FY21, it booked 5.5 million new loans, down almost 9 per cent sequentially and 8 per cent YoY

With new players at the gates, AMCs to see stiff competition in MF space

Currently, nine requests for MF licence are being processed by Sebi

Fund Pick: Canara Robeco Equity Tax Saver is a consistent outperformer

The month-end assets under management (AUM) of the fund grew from Rs 898 crore in January 2018 to Rs 1,476 crore in December 2020.

Crossed full-year target of Rs 8,000 cr AUM by Dec quarter: PGIM MF

PGIM India Mutual Fund has crossed the full-year 2020-21 AUM target of Rs 8,000 crore by the December quarter, a senior company official has said.

Union AMC aims to double assets base to Rs 10,000 crore this year

The fund house has more branches, workforce, and num­ber of customers at its disposal thanks to the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India (UBI) last year

Trust Asset Management targets Rs 10,000 crore AUM in first 2 yrs

Trust Asset Management Company is the latest to enter the already cluttered mutual fund industry

Nifty50 ETFs' assets base crosses Rs 1 trn, asset under management Rs 2 trn

Also, the total assets under management (AUM) of the ETF (equity and debt) have reached Rs 2 trillion, the NSE said in a statement

Multicap funds with large AUM may face difficulty in re-shuffling portfolio

There is no need for existing multi-cap investors to panic or take any action, despite the likelihood of higher portfolio risk if the regulations are implemented in their present form.

Franklin Templeton MF's shut schemes receive Rs 4,280-cr since closure

Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market

Bajaj Finance consolidated Q1 pre-tax profit down 29% on Covid provisioning

Net profit down 19 per cent to Rs 962 crore from Rs 1,195 crore in Q1FY20

Mahindra Financial Services Q1 profit before tax up 98% to Rs 208 crore

The net profit rose by 129% to Rs 156 crore in Q1FY21 as against Rs 68 crore in Q1FY20

Mutual funds' asset base falls 8% to Rs 25 trillion in June quarter

AAUM of the industry, comprising 45 players, stood at Rs 24.82 trillion in April-June quarter 2020 as compared to Rs 27 trillion in the preceding quarter

Franklin Templeton fund of funds sees sharp value drop after scheme wind-up

Six fund-of-funds schemes take 6-25% NAV hit to their exposure to schemes wound up by the AMC

Shriram Transport Finance Q3 PBT up 20.6% to Rs 1,186 cr; stock ends flat

The other income rose by about 250.5 per cent to Rs 64.4 crore in Q3FY20 from Rs 18.4 crore in same quarter of last fiscal

Q3 result: Manappuram Finance net profit rises 63% to Rs 398 cr, AUM up 35%

Its total consolidated revenue from operations rose over 29 per cent to Rs 1,399.02 crore, taking its assets under management (AUM) to Rs 24,099.95 crore, up 35.52 per cent.

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

BS jury picks five best fund managers in the debt and equity category

Given the focus on safety and quality, the task of choosing money managers in the debt category was tougher than that for equity funds

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

Investigate steep decline in a debt fund's AUM as it can spell trouble

After massive redemption, exposure to poor-quality, illiquid papers can rise to unacceptably high levels