Page 6 - Mutual Fund Industry

Domestic mutual fund industry AUM grows 14% to Rs 37.74 trn: Amfi data

Growth in assets driven by incremental flows into equity schemes

MF industry's asset base rises 14% to Rs 37.75 trn in June quarter: Amfi

Industry experts attributed increase in the AUM to inflows in the equity schemes, which reflects the growing confidence of investors.

Canara Robeco MF halts inflows from UAE investors after nation's scrutiny

This was done after FATF added UAE to the Grey List

Mutual Fund industry largely under-penetrated in India, says Deepak Parekh

Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said

MF industry's exposure to certificates of deposit up sharply since October

Industry players say banks have ramped up mobilisation via CDs in recent months amid pick-up in credit offtake

MFs collect Rs 1.08 tn via 176 NFOs in FY22 on retail investors' interest

According to the data compiled by Morningstar India, there were 176 new fund offers in 2021-22 which managed to collect a staggering Rs 1,07,896 crore during their inception stage

Smallest MFs fared worst in asset battle even as industry grew rapidly

Share of bottom 10 mutual funds has fallen to 20 bps as a proportion of assets in March 2022 from 62 bps in March 2016

Three-month NFO pause may not impact equity inflows, say industry players

Strong SIP inflows will help cushion the blow, they add

Three-month NFO pause may not impact equity inflows, say industry players

Strong SIP inflows will help cushion the blow, they add

Pause in mutual fund NFO until July 1 after 'pool account' rules kick in

The move, directed by Sebi, is to ensure "undivided attention" for proper execution of the new norms

Women fund manager still under-represented in Indian MF industry: Report

The latest study by Morningstar India shows that of the 399 fund managers, 32 are women, who are managing funds either as primary or secondary managers or have oversight as heads of equity or debt

MFs to keep powder dry as LIC IPO likely to hit the market next month

As of January 31, top five fund houses held Rs 23,245 crore in cash, or 4% of their total equity assets

MFs garner Rs 99,704 crore via NFOs in 2021 on sharp rally in stock market

This was way higher than 81 NFOs floated in 2020 and cumulatively, these funds were able to garner Rs 53,703 crore

Kotak Pre-IPO Opportunities Fund raises Rs 2,000 cr, closes maiden offering

The fund has already made investments worth Rs 653 crore in five deals and has another Rs 405 crore worth deals are in various stages of execution

MFs add Rs 7 trn to kitty in 2021; Omicron possible red flag for 2022

Experts believe that the new year could be tricky depending on the Omicron situation and possible interest rate hikes

Mutual funds' large-cap inclusion candidates 'under-owned', shows analysis

The top 250 stocks in the list becomes the large-cap universe for the domestic MF industry.

Nippon India MF bets big on riskier company bonds as economy recovers

Many companies have used the pandemic stimulus to clean up their balance sheets. "This is giving us the comfort to invest in quality non-AAA papers," said Amit Tripathi of Nippon India MF

Axis Mutual Fund eyes Rs 5,000 crore from new multi-cap fund

Planning a larger play in the equity funds space which has been behind the massive market rally since the middle of last year, Axis Mutual Fund announced a new multi-cap fund from which it expects to mobilise at least Rs 5,000 crore. The fund, opening on November 26 and closing on December 10, will provide investors with an opportunity to invest in large, mid and small cap stocks with minimum equal exposure across each category, Chandresh Nigam, Managing Director & Chief Executive of Axis AMC said on Tuesday. The fund house, which is one of the fastest growing ones, plans to mobilse at least Rs 5,000 crore from the new fund, Raghav Iyengar, Chief Business Officer at the fund house, told PTI. The fund, an open-ended equity scheme, will track the Nifty 500 multi-cap stocks. It will be managed by Anupam Tiwari and Sachin Jain who are fund managers at the company. According to Sebi regulations, multi-cap funds need to have a minimum 25 per cent exposure under each market cap, ensuring

BFSI Insight Summit: MF institutional structure needs rethink, says Thorat

Under the current framework, an MF has three main pillars -- sponsor, trustee, and AMC

Top MF execs to speak at Business Standard BFSI Insight Summit on Tuesday

The keynote speaker for the evening will be Usha Thorat, chairperson of the Mutual Fund Advisory Committee and former RBI deputy governor