Page 2 - Aum

Tuesday's stock market meltdown shaves off Rs 1.4 trillion of MF AUM

According to MF officials, smallcap fund AUMs saw a comparatively lower decline as their portfolios have a higher active weight

HDFC Life crosses Rs 3 trillion in AUM, reinforcing investment discipline

HDFC Life's Assets Under Management Cross Rs. 3 Lakh Crore

Small towns, big wins: Mutual fund AUM breaks the Rs 10 trillion barrier

B30 AUM SURGE MIRRORS SMALL TOWN GRIT: Lower base, higher equity driving growth

India-dedicated global funds: The secret sauce for domestic equities

Consistent main course with $8.1 billion served up in Q1 2024

Fund houses' ticker-tape parade of fiscal success on the D-Street

Robust performance buoyed by soaring AUM and stellar equity performance

Moneyboxx AUM crosses Rs 720 cr in FY24, aims to double this fiscal

The company currently has 100 branches in eight states in north, central and west India, and also plans to significantly expand its presence and enter south India in the current financial year

Poonawalla Fincorp's AUM surges 54% in Q4FY24, hits Rs 24,800 crore

'FY24 was the year of significant growth across all business parameters', said Abhay Bhutada, MD, Poonawalla Fincorp

LeapFrog investments, Aavishkaar infuse $48 mn in Electronica Finance

The fund will pave the way for EFL's expansion, specifically in financing for MSMEs in India's high-growth manufacturing sector

Ombudsman system, sustainable clothing: Top personal finance stories

Our top stories this week explain how financial institutions are supposed to solve customers' complaints and what to wear in summer

Piramal Enterprises posts Rs 2,378 crore loss on AIF provisions in Q3

Capital adequacy remains strong despite 4% AIF impact; Slows down on unsecured consumer loan book

Shriram Finance sees assets under management growth slowing to 15% in FY25

"For this year, we may end up at an AUM growth of around 20% because the first three quarters have been good," Umesh Revankar said

Total corpus under pension funds crosses Rs 11 trillion: PFRDA chairman

The Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty on Friday said the total corpus under the National Pension System and Atal Pension Yojana has crossed Rs 11 lakh crore. The milestone of Rs 11 lakh crore asset under management (AUM) was achieved on January 10, 2024, he told reporters here. The AUM has increased from Rs 10 lakh crore to Rs 11 lakh crore in 4 months 18 days (August 24, 2023 to January 10, 2024), he said, adding the private sector AUM crossed Rs 2 lakh crore. The authority in September revised the AUM target of Rs 12 lakh crore for the current fiscal. The pension authority is working on a minimum assured pension plan, and it could become a reality in the next financial year if the guarantee issued is resolved. "There are a lot of complications in determining the rate of return, what to set as the bar for return. Fund managers are also thinly capitalised. So, you have to keep a check on their liabilities also," Mohanty said. Asked

Mutual funds' growing heft

Maintaining the confidence shown by investors is crucial, as a single bad episode could spoil the party

Eyeing Rs 100 trn AUM, 100 mn investors by 2030 for mutual funds: Amfi CEO

'Growth from here on will depend on how the economy and companies perform and the pace at which the industry adds new investors'

Mutual Fund assets go past Rs 50 trillion; SIP-tied AUM hits Rs 10 trn

The record AUM growth in 2023 was underpinned by a sharp rally in the equity market

IFSCA may allow Indian listed firms to launch QIP, tax sops for listing

Suggests tax sops for direct listing

SIP accounts AUM jumps 38% in 2023, share in mutual fund assets tops 19%

Monthly SIP investments have been going up consistently, rising from Rs 8,023 crore in January 2021 to Rs 17,073 crore in November 2023

Bajaj Allianz Life's assets under management crosses Rs 1 lakh crore

Bajaj Allianz Life Insurance on Wednesday said its assets under management has surpassed the Rs 1 lakh crore mark. The Pune-based leading private sector life insurance player in a statement said this makes them one of the fastest growing life insurers among the top-10 players and the AUM touching Rs 1 lakh crore reflects a 1.8 times growth from Rs 56,085 crore in FY20. Bajaj Allianz Life Managing Director and Chief Executive Tarun Chugh said this is a milestone and is a testament to the trust that the customers have in the company. In the last three years till August 2023, the company has grown exponentially with the individual new business annual premium equivalent growing at 41.3 per cent at a compounded rate as against the industry growth rate of 13.5 per cent and the private sector's 22.4 per cent. This significant growth revival has helped the company achieve the Rs 1,00,000 crore AUM milestone. At an overall industry level, the market share of Bajaj Life has almost doubled f

Spandana Sphoorty Financial eyes AUM to grow to Rs 28,000 cr by FY28-end

As for geographic diversification, Spandana plans to reduce the share of the top three states to 36 per cent by FY28 from the current 44 per cent. The share of any one state would be capped at 12 %

Consistent inflows push small-cap funds AUM past Rs 2 trn mark in Nov

Strong, incessant net flows and favourable market conditions propped up the assets base for the small-cap mutual fund category to cross Rs 2 lakh crore mark in November-end, a sharp surge of 69 per cent from a year earlier. On a month-on-month basis, the Assets Under Management (AUM) of the category grew 10 per cent to Rs 1.99 lakh crore, data with the Association of Mutual Funds in India (AMFI) showed. Since the fourth quarter of 2019-20, the AUM for the category has seen a phenomenal rise, due to favourable market movement, along with record net inflows. Small-cap funds attracted Rs 37,178 in this year (till November). This includes Rs 3,699 crore last month and a record fund infusion of Rs 4,495 crore in October. On the other hand, the large-cap category saw a pull out of Rs 2,688 crore in the first 11 months of this year. "A few fund houses have limited the inflows in their small-cap funds over the last quarter given the sharp rise in flows and concerns on valuations," Morning