The common platform for MF transactions logs 350,000 registrations and 10,000 monthly logins
Drop in number of firms invested in comes even as MFs' overall holding in stock market has been rising
The mutual fund industry - which makes money managing assets - has seen zero growth in 11 months.
The move, directed by Sebi, is to ensure "undivided attention" for proper execution of the new norms
Market participants believe that concerns still linger in the markets and investors should continue to have higher weighting towards large-cap funds
The data from Amfi shows NJ India Invest maintained top spot, with gross distribution commission of Rs 874 crore, 12.5 per cent more than Rs 777 crore pocketed in FY20
Gross household investments in MFs have grown at a compound annual growth rate (CAGR) of 27.3 per cent over FY13-20
HDFC AMC Chairman Deepak Parekh said India's mutual fund industry has the potential to grow exponentially as the country's MF penetration levels remain considerably low compared to large economies.
Fund houses to review investment processes; opt for safety over returns
People in the know said the regulator could water down the circular following challenges highlighted by the industry with regards to its implementation
The fund has consistently outperformed its peers (funds ranked under the low duration category in CMFR in March 2021) over the trailing periods under analysis
The top five buys of small-cap equity funds in April were Hindustan Copper, Hathway Cable & Datacom, Lux Industries, Bharat Rasayan and Dilip Buildcon
Avoid over 5% exposure and have 5-7 years of investment horizon
Industry players say improving the penetration beyond the top centres will require setting up more branch networks and empanelment of distributors
Nine of the 10 most-sold stocks were part of the Nifty50
The fund house's average asset under management (AAUM) rose to Rs 5.04 trillion in 2020-21 from Rs 3.73 trillion in the preceding fiscal
Sebi's new rules around mutual fund (MF) investments in these bonds have kicked up a storm
FY21 net selling of Rs 1.27 trn is highest in a fiscal year
A sudden change in the metrics will be disruptive
Most large MFs remained underweight on banking and overweight on capital goods