Page 3 - Mutual Fund Industry

Market regulator Sebi allows MFs to buy, sell credit default swaps

Sebi has set conditions for the flexibility to ensure risk management

Quantum Mutual Fund moves NCLAT against delisting of ICICI Securities

ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold, as per the approved scheme

Robust equity inflows likely to keep earnings growth strong for AMCs

Among listed AMCs, in Q1FY25, Nippon AMC recorded the highest growth of 54 per cent Y-o-Y while ABSL AMC saw least growth at 19 per cent

Witnessing J-curve growth, ITI Mutual Fund eyes Rs 1 trillion AUM in 5 yrs

ITI Mutual Fund said that it is at an "inflection point of 'J' curve growth," aiming to reach an AUM of Rs 1 lakh crore within the next five years, driven by India's robust macroeconomic fundamentals. A J-curve illustrates a trend that initially dips sharply before rising dramatically. As of July 2024, the company's AUM grew nearly 90 per cent year-on-year to Rs 8,763 crore. "India remains in a golden spot on the world map, with expected growth outpacing most global economies, presenting strong opportunities for the mutual fund industry," Rajesh Bhatia, Chief Investment Officer of ITI Mutual Fund told PTI. Bhatia said, "Given India's growth story, expanding at 7-8 per cent annually, it's the fastest growing among countries of its size and the most predictable. Many international observers would bet on India as having the highest growth potential over the next 5-10 years." "In this context, we are at an inflection point of 'J' curve growth, which positions us to scale dramatically.

Overseas training or vacation? Sebi puts kibosh on MFDs' foreign 'perks'

Amfi's hammer fall: No 'incentivisation programmes' beyond Indian shores

Mirae Asset Mutual Fund lifts restrictions from large and midcap fund

The fund house cited a surge in investment opportunities as the reason behind the decision

Filling a gap

New asset class for mutual funds will help HNIs

Budget: Amfi calls for lower debt fund taxation, tweak in FoF tax rules

Proposal follows removal of indexation benefits from debt funds in the Budget 2023

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