Mutual Fund Sector

Active equity schemes held nearly Rs 1.7 trillion in cash at the end of October

Equity schemes continue to witness net inflows, driven by SIPs

ITI Mutual Fund aims to reach Rs 1 lakh crore AUM in the next five years, as an increasing number of people are choosing mutual funds through systematic investment plans. ITI MF's asset under management (AUM) increased nearly 2.4 times to Rs 8,791 crore in July 2024 from Rs 3,698 crore in March 2023. Mayukh Datta, chief business officer of the AMC, said the mutual fund industry has about 4.80 crore unique PAN investors. It currently has 9.34 crore live SIP accounts with Rs 13.09 lakh crore in the AUM. He further said that as of March 31, 2024, there were 74.67 crore PAN holders in India, and 60.5 crore PAN were Aadhaar-linked. "So, we are yet to have 10 per cent of the investible population, i.e. PAN card holders, yet to come to the mutual funds universe. There is enough of runway for new investors to enter the mutual fund industry," Datta said in an interaction with PTI. He further said India remains in a golden spot on the world map, with expected growth outpacing most global ..

AlphaGrep Securities joins Jio and two others in line for in-principle approval

Industry adds latest Rs 10 trillion in just six months

Companies have strong cash conversion, predictability and growth runway

In the past fortnight, fund houses have approached Sebi for 20 NFO approvals

Zerodha says issue at payment aggregator, Groww cites delay in money movement

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

Asset management companies (AMCs) floated 185 new fund offerings mobilising Rs 66,364 crore in 2023-24, marking a 6.5 per cent increase from the previous year, amidst growing interest of retail investors and significant uptrend in broader markets. This was higher than Rs 62,342 crore garnered by AMCs through 253 New Fund Offerings (NFOs) in 2022-23. "The financialisation of savings in India is currently underway, signifying a growing recognition among investors that investing in financial assets is integral to building wealth. With income and expenditure levels rising constantly, there is a heightened need to channel monthly savings into avenues offering higher returns. The substantial inflow of investments into equities underscores a notable shift in investor attitudes and risk appetites," FYERS Research said in its report. As India's growth narrative gains momentum and investment opportunities expand, many unlisted companies seek capital market support. This trend bodes well for .

Schemes see highest flows in three years at Rs 2,400 crore in February

SBI, DSP, PGIM India among fund houses that have stopped paying the fee

Tawakley expresses confidence in domestic cyclicals driving future performance

With new CEO at helm, fund house to focus on performance, distribution reach

Strong start to new calendar year with gross inflows topping Rs 50K crore; Industry AUM nears Rs 53 trn

This fund is designed to deliver returns by strategically investing in a diversified portfolio of listed companies spanning various market caps

Assuming 10% incremental annual inflows and market appreciation of 5-7%, AUM could continue to grow 15% in the medium term

The last time ETFs trailed the mutual fund industry was in 2013, when the ETF AUM had declined 11 per cent despite the industry's assets growing 9 per cent

Exposure remains less than 3% in most companies