Page 3 - Mutual Fund Industry

Fraud detection framework: Quant MF affair triggers rush to apply new rules

Large AMCs to expedite setting up of institutional mechanism

Equity supply may hit Rs 6 trillion over next few months: Axis MF

Nearly Rs 5 trillion has been mobilised by ECM since 2022. This outpaces Rs 2.6 trillion inflows received by equity MF schemes during this period

Wealth management firm 360 ONE acquires ET Money for Rs 366 crore

ET Money has 900,000 transacting clients with more than 100,000 revenue-generating users

India's MF assets at Rs 58.6 trillion in May, up nearly Rs 10 trn in a year

While the fund industry took five decades to build the first Rs 10 trillion of assets since its inception in 1964, it has added the last Rs 9 trillion of assets in less than six months

SIP inflows peak at Rs 20K crore as MFs conquer 6.4 million accounts

Growth momentum remains strong despite KYC hurdle

Equity MFs inflow drops 16% to Rs 18,917 cr; SIPs at over Rs 20K cr mark

Equity mutual funds attracted Rs 18,917 crore in April, marking a slump of 16 per cent from the preceding month, on a huge decline in inflow in large-cap funds. This also marks the 38th consecutive month of net inflows in equity funds, data with the Association of Mutual Funds in India (AMFI) showed on Thursday. Moreover, monthly Systematic Investment Plan (SIP) contributions crossed the Rs 20,000 crore mark and reached an all-time high of Rs 20,371 crore in April compared to Rs 19,271 crore in the previous month. Overall, the mutual fund industry has witnessed an inflow of Rs 2.4 lakh crore in the month under review after experiencing an outflow of Rs 1.6 lakh crore in March. The huge inflow was due to investment of Rs 1.9 lakh crore into debt schemes. As per the data, equity-oriented schemes witnessed an inflow of Rs 18,917 crore in April, way lower than Rs 22,633 crore in March and Rs 26,866 crore in February. Barring equity-linked saving schemes (ELSS), which saw an outflow of

Fund Pick: Nippon India Large Cap Fund leads from the front, says CRISIL

The fund has consistently outperformed its peers in all trailing periods under analysis

AMCs likely to report strong gains in Q4FY24 on back of AUM growth

The share prices of listed asset management companies have outperformed the benchmark Sensex and analysts remain positive on the sector

Mutual funds SIP investments increase 28% to Rs 2 trillion in FY24

Buoyant economic outlook and increased market participation helped drive the inflows in the mutual fund industry through systematic investment plans or SIPs route to record Rs 2 lakh crore in 2023-24, marking a rise of 28 per cent year-on-year. In comparison, an inflow of 1.56 lakh crore was witnessed through this route in 2022-23, Rs 1.24 lakh in 2021-22 and Rs 96,080 crore in 2020-2021, data with the Association of Mutual Funds in India (Amfi) showed. Moreover, mutual fund SIP contribution has seen over four-fold rise during the last seven years. It was Rs 43,921 crore in 2016-17. Additionally, SIP book has also grown consistently from Rs 14,276 crore in March 2023 to an all-time high of Rs 19,270 crore in March 2024, indicating a growth of 35 per cent. The SIP contributions consistently exceeding Rs 19,000 crore for two straight months in February and March this year signal a shift towards a more disciplined investment strategy among investors. "This disciplined approach is fur

Blackrock, ADIA, domestic mutual funds increase holdings in Vedanta

The world's largest asset manager BlackRock, as well as the Abu Dhabi Investment Authority, along with domestic mutual funds like ICICI Mutual Fund and Nippon India Mutual Fund have increased their holdings in Vedanta by almost 2 per cent during the last four months, said market participants. At the same time, foreign institutional investors (FIIs) increased their stake in the conglomerate by 1.2 per cent during the corresponding period, they added. The recent rally in Vedanta share price on the back of demerger plans, deleveraging and soaring metal prices has led to a bullish call by domestic and international funds. "Vedanta has witnessed significant buying interest. Many foreign and domestic investors have increased their stake on the back of strong fundamentals," according to a dealer in a foreign brokerage house. This comes at a time when the Vedanta stock has surged almost 30 per cent, adding about USD 3 billion to its market capitalization since December. Shares of Vedanta

Mutual fund assets increase 34% during FY24, the highest in 7 years

Q4 average AUM surges to Rs 54 trillion on back of strong inflows, market rally

Journey of midcap, smallcap schemes: 6 years from the previous peak

Smallcap and midcap scheme categories have raked in over Rs 60,000 crore of investor flows in the past one year

Stress test: Top 6 smallcap funds need over 20 days to liquidate 50% assets

Sebi had called for such tests in the face of strong inflows into smallcap and midcap funds, despite concerns over high valuations, to keep investors better informed

AMCs may allow trail commission to mutual fund distributors: Amfi

Commission by Asset Management Companies to the New Distributor Upon a Change by the Investor

Nippon India Mutual Fund looking to increase presence in UP: CEO Sikka

Nippon India Mutual Fund is looking to increase its presence, both physical and digital, in Uttar Pradesh, which is expected to be the flag bearer for the mutual fund industry, its CEO said on Monday. Asserting that Uttar Pradesh will be the "flag bearer" of the mutual fund industry, Sundeep Sikka, the ED and CEO of Nippon India Mutual Fund said that the company remains "committed to UP". Sikka, who was in Lucknow to inaugurate the new regional office, told PTI, "UP is the fastest-growing market in India. The national average is that the mutual fund industry has grown 17 per cent, and the UP market has grown 23 per cent in the last five years. And we believe that UP will be the flag bearer for the mutual fund industry." "We are happy to serve 20 lakh investors in UP, and want to increase our digital and physical presence in the state," Sikka said. The company is already present in 31 locations in Uttar Pradesh. The company is inaugurating a new regional office of Nippon Life India

One-year ascent: Mutual funds go from Rs 40 trillion to Rs 53 trillion

Mark-to-market gains vs inflows: It's a 70-30

Mutual funds make a dash for hybrid funds before financial year ends

PPFAS, Quantum, Mahindra Manulife among those to launch new products

Equity mutual fund inflows jump to nearly two-year high in Jan: Amfi

Net equity mutual fund inflows rose 28 sequentially to Rs 21,781 crore ($2.62 billion), the highest since March 2022

Higher valuations the only spoiler for equities this year: Kenneth Andrade

Andrade says apart from valuations, the risks could emerge on the geopolitical front

Fund houses on Sebi's radar for sops to mutual fund distributors

Amfi writes to AMCs for second time in 10 months, asks them to withdraw such programmes