Page 5 - Mutual Funds Industry

MF industry assets surge by Rs 11 trn in 2023; crosses Rs 50 trn mark

After a lackluster performance in 2022, the mutual fund industry saw a substantial rebound in 2023 with its asset base surging by nearly Rs 11 lakh crore, reaching over Rs 50 lakh crore-mark fuelled by an optimistic equity market, steady interest rates, and a robust economic expansion. The year 2023 has seen a substantial increase in overall inflow, data from the Association of Mutual Fund Industry (Amfi) showed on Monday. The inflow has pushed the assets under management (AUM) of the mutual fund industry by 27 per cent, adding Rs 10.9 lakh crore in 2023. This was way higher than the 5.7 per cent growth and Rs 2.65 lakh crore increase in AUM observed throughout 2022, as well as the nearly 22 per cent growth and close to Rs 7 lakh crore addition to the asset base in 2021. The asset base rose from Rs 39.88 lakh crore in 2022 to an all-time high of Rs 50.78 lakh crore in 2023, the data showed. The asset base stood at Rs 37.72 lakh crore at the end of December 2021 and Rs 31 lakh cror

Better risk-reward, FPI flows augur well for LargeCap MFs in 2024: Analysts

Valuation is comfortable for large-caps, but there is little margin of safety in the broader market categories, analysts said

Mutual funds bounce back in 2023 with Rs 9 trillion surge in asset base

The mutual fund industry has bounced back strongly this year after a lacklustre 2022 with a remarkable Rs 9 lakh crore surge in the asset base, propelled by a buoyant equity market, stable interest rates and robust economic expansion. Experts believe that the positive momentum should continue into the near year as well. With a substantial increase, the overall inflow this year has reached Rs 3.15 lakh crore, accompanied by a growth of over 2 crore in the investor count. This was supported by the increasing popularity of Systematic Investment Plans (SIPs), which drew in Rs 1.66 lakh crore, according to the data shared by the Association of Mutual Fund Industry (Amfi). The inflow has pushed the assets under management (AUM) of the mutual fund industry by 23 per cent or Rs 9 lakh crore in 2023, the data showed. This was way higher than the 7 per cent growth and Rs 2.65 lakh crore increase in AUM observed throughout 2022, as well as the nearly 22 per cent growth and close to Rs 7 lakh .

Debt fund taxation change breathes life into equity savings scheme

Hybrid MF offering rakes in close to Rs 6,000 crore in FY 2024 so far

Avoid going overweight or exiting from equities during bull markets

Rebalance by booking profits in mid and smallcaps, allocate to fixed income

Smallcap pie grows as retail investor faith soars, shows Capitaline data

Mutual funds' average holding in Smallcap 250 Index companies peaks at 9.26%

Rs 20 trillion & rising: AUM of active equity mutual funds surges

The industry's overall AUM rose 5 per cent to Rs 49 trillion, largely owing to the value appreciation of equity holdings

SoftBank offloads 1.1% Zomato stake; PGIM MF recovers Rs 17 crore

Three private equity firms on Friday offloaded 7.76 per cent stake in Five-Star Business Fin­ance, a micro-loan provider

All you need to know about White Oak Capital's new large and mid-cap fund

WhiteOak Capital Large & Mid Cap Fund will predominantly invest in Large and Mid Cap stocks with an aim to create a factor diversified balanced portfolio with high active share

FT MF elevates Rengaraju to CIO; Sebi approves IPOs of five companies

Samco Mutual Fund on Tuesday launched its dynamic asset allocation fund, a hybrid fund which will invest in both equity and debt

Performance of active schemes fuels mutual fund industry momentum

Improved share of assets outperforming benchmarks to propel growth, says KIE

Sensible opportunities emerging in largecap space: Nippon India MF's Bhan

Bhan mentions that sectors such as automotive (auto), pharmaceutical (pharma), and industrials have performed particularly well in the ongoing result season

Inflow in equity mutual funds climbs 42% to Rs 19,957 cr in October

Inflows in equity mutual funds surged 42 per cent month-on-month to Rs 19,957 crore in October driven by investors' preference for small-cap funds. This was way higher than Rs 14,091 crore inflow seen in the category in September. Before this, inflow was at Rs 20,245 crore in August, according to the data from the Association of Mutual Funds in India (AMFI) released on Thursday. The flow in October also marks the 32nd consecutive month of net inflows. All the categories experienced inflow in equity segments. The category was aided by fund collection to the tune of Rs 4,495 crore in small-cap funds, followed by Rs 3,896 crore in thematic funds. Apart from equities, debt-oriented schemes witnessed a net inflow of Rs 42,634 crore in October after withdrawing funds in the past two months. The segment had witnessed a net outflow of Rs 1.01 lakh crore in September and Rs 25,873 crore in August. Overall, the 44-player mutual fund industry has witnessed an inflow of Rs 80,528 crore in the

Amfi gag on mutual fund advertisements, future return calculations

For fixed income schemes, the cap is 7.2 per cent. The maximum return used in illustrations of hybrid funds can range from 8.5 to 10 per cent

Debt MFs continue to log outflow, see Rs 1 trillion withdrawal in Sep

Debt-oriented mutual fund schemes witnessed a net withdrawal of Rs 1.01 lakh crore in September, making it the second consecutive month of the outflow, primarily due to advance tax requirements of corporates and correction in equity markets. The segment saw an outflow of Rs 25,873 crore in August. Before this, the debt schemes attracted Rs 61,440 crore in July, data from the Association of Mutual Funds in India (Amfi) showed. The huge outflow has pulled down the assets under management (AUM) of fixed income funds or debt funds to Rs 13.05 lakh crore at the end of September from Rs 14 lakh crore in the preceding month-end. Investor sentiment towards debt investments was largely muted. Barring long duration and gilt fund segments, all the other 14 categories witnessed net outflows. These two categories have been finding favour with investors for some time in anticipation of a change in the interest rate cycle. "Advance tax payments and other quarter-ending accounting and financial ..

Avoid inheritance hassles for your heirs by appointing a nominee

Avoid inheritance hassles for heirs, appoint a nominee

Mid, smallcap rally to persist amid more inflows: DSP Mutual Fund's Parekh

DSP Mutual Fund will also launch a smallcap fund this year to take advantage of the inflows to the segment, Parekh said

Rs 6,100 crore in 3 months: Riding the wave of floating-rate mutual funds

Influx reverses Rs 32,250 crore outflow trend of 11 months

Mutual funds debt exposure to finance companies rose 60.1% in July

The exposure through investment in commercial paper of NBFCs crossed the Rs one trillion mark, last seen in August 2019, it said

Statsguru: Six charts explain odds are against new mutual fund players

The increased interest is no surprise, given the number of investors. Despite lower growth rates than before, the total number of investor accounts is nearing 150 million