Mutual Fund Industry

The catch gets bigger - largecap and midcap thresholds to expand in January

According to reports the company was looking to sell a minority stake in its mutual fund arm and has initiated the process by hiring an investment banker.

Debt-oriented mutual funds witnessed a strong recovery in October, driven by investments in liquid schemes and attracting a net inflow of Rs 1.57 lakh crore after huge redemptions in the previous month. Notably, 14 of 16 debt mutual fund categories reported net inflows during the month, while medium-duration and credit risk funds maintained their trend of consistent outflows. The positive inflow boosted the asset base of debt mutual funds by 11 per cent to Rs 16.64 lakh crore in October-end from Rs 14.97 lakh crore at the end of September, according to data with Association of Mutual Funds on India (Amfi). As per the data, debt mutual funds attracted inflows of Rs 1.57 lakh crore in October, marking a sharp reversal from the outflows of Rs 1.14 lakh crore recorded in September. Within the debt fund, liquid funds led the inflows with Rs 83,863 crore, accounting for 53 per cent of the total, followed by overnight funds and money market funds with Rs 25,784 crore and Rs 25,303 crore,

A haul of Rs 87,000 crore nearly doubles previous record, reeling in a lifeline for stability

According to MF executives, the surge in new investors is underpinned by the growing appeal of equity investments

Quant Mutual Fund has emerged as a standout performer, dominating the equity scheme performance charts in recent years, with its high-conviction bets paying off

Sebi has set conditions for the flexibility to ensure risk management

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

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

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.

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

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

New asset class for mutual funds will help HNIs

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

Large AMCs to expedite setting up of institutional mechanism

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

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

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

Growth momentum remains strong despite KYC hurdle

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